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The Latest SPAC News and Rumors: April 22, 2022


The Latest SPAC News and Rumors: April 22, 2022


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

Latest SPAC News: Truth Social migrates to Rumble cloud and NuScale Power collaborates with U.S. Reactor Forging Consortium 

Truth Social Migrates to Rumble Cloud

Today, the video platform Rumble announced that Truth Social, the social media platform created by the Trump Media & Technology Group (TMTG) that plans to merge with Digital World (NASDAQ:DWAC), has successfully migrated its website and mobile applications to Rumble’s cloud infrastructure. This migration will enable the Truth Social platform to scale significantly on a new and cancel-culture-free cloud platform. Truth Social’s move also marks the first significant customer to onboard with Rumble’s cloud services business.

Rumble announced in December 2021 the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI).


NuScale Power Signs Collaboration Agreement with the U.S. Reactor Forging Consortium 

Today, NuScale Power and the U.S. Reactor Forging Consortium (RFC), comprised of North American Forgemasters (NAF), Scot Forge, and ATI Forged Products, announced they have signed a Collaboration Agreement to leverage the existing robust forging supply chain in the U.S., to prepare NuScale to deploy its small modular reactor (SMR) technology to customers worldwide and to support, retain, and expand U.S. manufacturing jobs.

On December 14, 2021, NuScale announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV, SVSVW).