The Latest SPAC News and Rumors: August 10, 2021


The Latest SPAC News and Rumors: August 10, 2021

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

Latest SPAC News: Ein’s Kastle Systems in talks to merge with Simon Property Group SPAC, new rules on UK listings finally kick in, and Volta Charging and Place Exchange announce strategic partnership 

Ein’s Kastle Systems Is in Talks To Go Public Through Simon Property Group SPAC

Security services provider Kastle Systems, backed by veteran SPAC investor Mark Ein’s Venturehouse Group, is in talks to go public through Simon Property Group Acquisition Holdings Inc., according to Bloomberg.


New Rules Will Finally Unlock the UK SPAC Market

The Financial Conduct Authority’s changes to its listing rules for SPACs have finally come into play, meaning that investors are now permitted to exit prior to an acquisition being completed.

Further disclosures, such as ensuring money raised from public shareholders is ring-fenced and rules requiring shareholder approval for any proposed acquisition have also come into force.


Volta Charging and Place Exchange Announce Strategic Partnership

Volta Industries, Inc., an industry leader in commerce-centric electric vehicle (“EV”) charging networks, which has entered into a definitive agreement for a business combination with Tortoise Acquisition Corp. II (NYSE: SNPR), announced a partnership Place Exchange, a leading supply-side platform (SSP) for programmatic digital out of home media.

The partnership significantly expands Volta Charging’s programmatic options for media buyers seeking to purchase Volta Charging’s premium placed-based inventory from any of the leading demand-side platforms (DSPs) integrated with Place Exchange.


Rocket Lab to Launch Three Back-To-Back Missions for BlackSky from Late August

Launch provider and space systems company Rocket Lab has today announced its next mission is part of a rapid launch schedule of three dedicated Electron missions for global monitoring provider BlackSky.

Scheduled to lift off from Launch Complex 1 on New Zealand’s Mahia Peninsula in late August, the ‘Love At First Insight’ mission will be Rocket Lab’s 22nd Electron launch overall and fifth mission of 2021. ‘


SPAC Earnings Fiasco Spurs CEO Shakeup at ATI Within Two Weeks

Two weeks after its  earnings debut as a public company following a merger with a blank-check firm, ATI Physical Therapy Inc. is replacing its CEO.

ATI, which operates about 900 physical therapy clinics across 25 U.S. states, said in a statement Monday that Labeed Diab stepped down as CEO and board member, effective immediately. John Larsen, on the board since 2018, was named executive chairman and will help lead the company as it searches for its next chief executive.