The Latest SPAC News and Rumors: December 14, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bill Ackman’s SPAC calls investor claim that it’s illegal ‘fictional’, and SoundHound partners with Netflix
Bill Ackman’s SPAC Calls Investor Claim That It’s Illegal ‘Fictional’
Bill Ackman’s Pershing Square Tontine Holdings Ltd. (NYSE:PSTH) called investor claims that it’s operating illegally not just implausible, but “fictional,” and repeated a request that the shareholder’s lawsuit be thrown out.
Shareholder George Assad sued the blank-check company in August, less than a month after it abandoned plans for a deal with Universal Music Group, claiming it’s not a SPAC, but an investment company and should be regulated as one.READ
SoundHound Inc. and Netflix Partner to Voice-Enable RDK-Based Set-Top Boxes
SoundHound Inc., a global leader in voice artificial intelligence, currently in the process of becoming a public company through its expected merger with Archimedes Tech SPAC Partners Co. (NASDAQ: ATSPU) today announced they will partner with Netflix to provide a voice AI interface for its Da Vinci Reference Design Kit solution.
The addition of the voice user interface will allow operators to provide more convenient, easier, and hands-free experiences to their subscribers without the need to develop a voice solution on their own—thereby reducing time-to-market and costs.READ