The Latest SPAC News and Rumors: November 17, 2021


The Latest SPAC News and Rumors: November 17, 2021

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

Latest SPAC News: FaZe Clan teams up with DraftKings, Astroscale signs MOU with Virgin Orbit, and France’s Melanion Capital to launch “green” bitcoin-focused SPAC

Gaming and Content Trailblazer FaZe Clan Teams Up With DraftKings

Today, DraftKings Inc. (NASDAQ: DKNG) announced a new deal with FaZe Clan, becoming the Official Sports Betting, iGaming, Daily Fantasy, and Free-to-Play Partner of the leading gaming, lifestyle and media platform.

As part of the deal, DraftKings will appear across FaZe’s digital content ecosystem, including custom content, livestream and tournament events, plus new IP and formats highlighted by original series and a new planned podcast.

DraftKings entered into a definitive agreement to acquire Golden Nugget Online Gaming (NASDAQ:GNOG) in a tie-up of two de-SPACs earlier this year in August.


Responsive Satellite Servicing and Sustainable Space Launches Get a Boost Through Astroscale, Virgin Orbit Partnership

 Astroscale Holdings Inc., the market leader in satellite servicing and long-term orbital sustainability across all orbits, today announced it has signed a Memorandum of Understanding with Virgin Orbit, the responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (NASDAQ: NGCA).

The MOU establishes a new partnership in which the two companies will seek opportunities to cooperate on a series of space initiatives that will drive the future of space sustainability and on-orbit servicing ecosystem. Astroscale is planning dozens of missions over the next decade and is in discussions with Virgin Orbit to launch as many as 10 of those on Virgin Orbit’s LauncherOne. The two companies are also working toward a future joint mission concept focused on satellite servicing.


France’s Melanion Capital to Launch “Green” Bitcoin-Focused SPAC

Melanion Capital is to list a SPAC focused on acquiring and developing businesses linked to “green and clean bitcoin”.

The Paris-based asset manager, which already oversees a number of crypto exchange-traded funds, said the new company will invest in firms that hold, trade, mine and lend bitcoin mined with environmentally friendly origins.


Eliot Tubis and EJT Holdings Increase Stake in Codere Online Merger

Eliot Tubis and EJT Holdings announced an increase in their stake to over 4% in the outstanding public warrants of DD3 Acquisition Corp II (NASDAQ:DDMX), as the merger with Codere Online looks to close this week.

Codere Online is one of the leading, online-gaming companies in Europe and is expanding rapidly across Latin America, providing innovative sports betting services and online casino games.