The Latest SPAC News and Rumors: February 11, 2022


The Latest SPAC News and Rumors: February 11, 2022

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

Latest SPAC News:  Maritime Launch Services in merger talks with Ceres SPAC, Getty Images renews multi-year video partnership with AFP, and Bowlero sees surge in revenue

Rocket Launch Firm Maritime Said in Merger Talks With Ceres SPAC

Maritime Launch Services Ltd., a Canadian startup that owns a spaceport for commercial rocket launches, is in talks to go public through a merger with blank-check firm Ceres Acquisition Corp.

Ceres is in discussions to raise a PIPE to support a transaction that would give the combined company a valuation of about $530 million.


Getty Images and AFP Sign Multi-Year Renewal of Video Partnership

Global visual content creator and marketplace Getty Images and Agence France-Presse (AFP), a leading global news agency, today announced the renewal of their multi-year video partnership. Since 2009, the global visual content companies have worked in partnership, leveraging their complementary strengths to ensure premium and comprehensive video coverage of global events reaches video creators around the world.

CC Neuberger II (NYSE:PRPB) entered into a definitive agreement to combine with visual content marketplace Getty on December 10.


Bowlero Sees Revenue Surge on Return of In-Person Bowling

Bowlero Corp. (NYSE: BOWL) showed strong results for the second quarter of fiscal year 2022 driven by recovery in walk-in retail revenue from the pandemic.

Bowlero saw revenue grow to over $200 million, increasing 177% year-on-year and 11% relative to pre-pandemic levels, beating analyst estimates. The return of in-person bowling also saw adjusted EBITDA grow to $66.8 million, up 26% relative to pre-pandemic levels, and also beating estimates.

Isos Acquisition Corp. announced in mid-December that its shareholders approved its combination with Bowlero.