The Latest SPAC News and Rumors: February 7, 2022

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

Latest SPAC News:  Elizabeth Warren criticizes BC Partners’ plan to take PetSmart public and U.S. Air Force awards $19.3M contract to Tomorrow.io

Warren Admonishes BC Partners as It Weighs PetSmart SPAC Deal

Senator Elizabeth Warren criticized a reported plan to take BC Partners’ PetSmart public through a blank-check company, saying the deal heightens previous concerns about the retailer and the process.

BC Partners is mulling taking the pet supply retailer public through a SPAC backed by private-equity firm KKR & Co. in a deal valued at $14 billion including debt, Bloomberg reported last month.

U.S. Air Force Awards $19.3 Million Contract to Tommorrow.io for Spaceborne Weather Data

Tomorrow.io, developer of a leading platform for global weather and climate security, has been awarded a $19.3 million contract from the U.S. Air Force (USAF) to develop a constellation of weather satellites that will provide the USAF with three-dimensional global weather and ocean data.

Tomorrow.io previously announced plans to list on Nasdaq through a merger with Pine Technology Acquisition Corp.  (Nasdaq: PTOC). Upon closing, Tomorrow.io’s common stock and warrants are expected to trade on Nasdaq under the new ticker symbols “TMW” and “TMWW”.