The Latest SPAC News and Rumors: November 26, 2021
Below is a daily summary of links to theca latest SPAC news and rumors gathered across the web.
Latest SPAC News: Griid in talks to merge with Adit EdTech and Essentium in talks to go public through Atlantic Coast SPAC
Bitcoin Miner Griid Is In Talks To Go Public Via Merger With Adit EdTech SPAC
Bitcoin miner Griid Infrastructure is in talks to go public through a merger with a SPAC, according to Bloomberg.
A transaction with the blank-check firm, Adit EdTech Acquisition Corp. (NYSE:ADEX), would value the combined entity at more than $3 billion. Terms aren’t finalized and talks could still fall apart.
READ3D Printing Firm Essentium in Talks to Go Public Through Atlantic Coastal SPAC
3D printing solutions provider Essentium Inc. is in talks to go public through a merger with blank-check firm Atlantic Coastal Acquisition Corp. (NASDAQ:ACAH), according to Bloomberg.
A transaction is set to value the combined company at more than $900 million. Atlantic Coastal is poised to raise additional funding via a PIPE, priced at $10 per share.
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