The Latest SPAC News and Rumors: December 15, 2021

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

Latest SPAC News: Fintech VI in talks to merge with Africa’s top fiber operator while KludeIn SPAC is in talks with data intelligence firm Near and Virgin Orbit expands space solutions business with Hypersat investment

Africa’s Top Fiber Operator Is in Talks With Betsy Cohen SPAC

Fintech Acquisition Corp. VI (NASDAQ:FTVI), a blank-check company backed by serial dealmaker Betsy Cohen, is in talks to merge with a unit of African telecommunications conglomerate Econet Global, according to Bloomberg.

The deal would seek to value the unit, Cassava Technologies, at $4 billion or more.

Data Intelligence Firm Near in Talks With KludeIn SPAC

Near, a data intelligence platform, is in talks to go public through a merger with KludeIn I Acquisition Corp. (NASDAQ:INKAU), a blank-check firm, according to Bloomberg.

The companies are discussing a a transaction that could be announced in coming weeks, and that may give the combined entity an enterprise value of about $1 billion to $1.2 billion. As with all deals that aren’t finalized, it’s possible that terms change or that talks fall apart.

Virgin Orbit Expands Space Solutions Business With Hypersat Investment

Virgin Orbit, the responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (NASDAQ: NGCA), announced today an agreement to acquire a 17.5% stake in geospatial analytics company Hypersat LLC.

This investment will further expand Virgin Orbit’s space solutions business by providing highly accurate electro-optic and hyperspectral imagery capabilities, which can provide vital information to customers in the agriculture, defense, energy, insurance, and minerals industries, among others.

Kin Insurance Completes Acquisition of Carrier With Licenses in 43 States

Kin Insurance, Inc., a leading direct-to-consumer homeowners insurance technology company that has entered into a definitive business combination agreement with Omnichannel Acquisition Corp. (NYSE: OCA), today announced it has completed the acquisition of an inactive insurance carrier that holds licenses in 43 states.

Kin Insurance, Inc., a leading direct-to-consumer homeowners insurance technology company that has entered into a definitive business combination agreement with Omnichannel Acquisition Corp. (NYSE: OCA), today announced it has completed the acquisition of an inactive insurance carrier that holds licenses in 43 states.

OPAL Fuels LLC Announces Joint Venture with GFL Environmental Inc. to Develop New RNG Facilities

OPAL Fuels LLC, a leading vertically integrated producer and distributor of renewable natural gas (RNG), today announced a 50/50 joint venture with GFL Renewables LLC, an affiliate of GFL Environmental Inc. (NYSE: GFL), the fourth largest diversified environmental services company in North America, to develop new RNG production facilities in the United States.

OPAL Fuels previously announced an agreement for a business combination with ArcLight Clean Transition Corp. II (Nasdaq: ACTD), which is expected to result in OPAL Fuels becoming a public company listed on the Nasdaq Stock Exchange in second quarter of 2022, subject to customary closing conditions.