The Latest SPAC News and Rumors: September 3, 2021


The Latest SPAC News and Rumors: September 3, 2021

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

Latest SPAC News: Iconiq Motors considers $4 billion deal and Redwire surges after closing combination

Chinese EV Startup Iconiq Said to Mull $4 Billion U.S. SPAC Deal

Chinese electric vehicle firm Iconiq Motors is considering going public in the U.S. through a merger with a blank-check company.

The startup is working with an adviser on a potential deal that could value the combined company at about $4 billion.


Redwire Surges on NYSE Debut After Closing SPAC Deal

Space infrastructure conglomerate Redwire (NYSE:RDW) began trading on the New York Stock Exchange on Friday, joining a flurry of space companies closing SPAC mergers and going public.

Redwire, formed last year by private equity firm AE Industrial Partners, merged with Genesis Park, and now trades under the ticker “RDW.”

Shares of Redwire surged as much as 20% in trading from its previous close of $10.50.