The Latest SPAC News and Rumors: June 17th, 2021


The Latest SPAC News and Rumors: June 17th, 2021

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Farming startup Infarm is in talks to merge with Kernel SPAC while Fusion in talks to launch new blank-check company and aims to list in London

Infarm Is in Talks to Go Public Via Merger with Kernel SPAC

Indoor farming startup Infarm is in advanced talks to go public through a merger with blank-check firm Kernel Group Holdings Inc., people with knowledge of the matter told Bloomberg.

A transaction would value the combined entity at more than $1 billion, said one of the people.

San Francisco-based Kernel, led by CEO Mark Gross, the former CEO of Supervalu, raised about $305 million in a February IPO.


Fusion SPAC Aims to Beat London Rush With New Blank-Check Firm

Fusion Acquisition Chief Executive John James is in talks to launch a new blank-check company which could soon file for a listing in London with the aim of becoming the first to take advantage of a new British SPAC regime, sources told Reuters.

James, who runs two existing SPACs – Fusion Acquisition Corp and Fusion Acquisition Corp II – is working with JPMorgan on his third Fusion investment platform.

The plan, backed by Fusion Chairman Jim Ross who spent more than two decades focused on ETFs, is the latest by a SPAC entrepreneur who has turned serial investor during the blank-check company boom.

Fusion’s listing choice of London comes as post-Brexit Britain aims to make the capital more competitive in the finance sector, with new rules expected to come in by “early summer,” according to the Financial Conduct Authority.