The Latest SPAC News and Rumors: May 2, 2022


The Latest SPAC News and Rumors: May 2, 2022


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

Latest SPAC News: Nikola secures $200M convertible senior notes investment, Innoviz jumps after pact with undisclosed carmaker, and Terran Orbital ships GeoOptics satellites 

Nikola Announces $200 Million Convertible Senior Notes Investment

Nikola Corporation (NASDAQ: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, today announced that an institutional investor has agreed to make a $200 million investment in Nikola through the purchase of Convertible Senior Notes.

Funds advised by Antara Capital LP have agreed to purchase $200 million aggregate amount of 8.00% / 11.00% Convertible Senior Notes due 2026. The Notes will bear interest at a rate of 8.00% if paid in cash, or at a rate of 11.00% through the issuance of additional Notes, at the Company’s election.


Lidar Startup Innoviz Jumps After Pact With Undisclosed Carmaker

Shares of Innoviz Technologies Ltd. (NASDAQ:INVZ), an Israeli lidar startup that went public last year in a reverse merger, jumped the most in five months after it said it won a production contract from one of the world’s largest carmakers.

The deal is poised to add $4 billion to Innoviz’s order book, according to a statement Monday. The sensor manufacturer didn’t disclose the name of the company, saying that it would “elaborate further” on the pact during a May 11 earnings call.

Innoviz initially announced its combination with Collective Growth Corp. in December 2020.


Terran Orbital Ships Two GeoOptics Satellites to Cape Canaveral for Integration Ahead of SpaceX’s Transporter-5 Mission

Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States aerospace and defense industry, today announced it shipped two next-generation satellites from GeoOptics, a global leader in remote Earth observation. Terran shipped the vehicles to Cape Canaveral for launch on SpaceX’s Transporter-5 mission.

The spacecraft are the first phase of GeoOptics’s CICERO-2 constellation, which form a unified Earth observatory allowing governments, industry, and individual stakeholders to monitor and prepare for the many impacts of climate change.


Gogoro Releases 2021 Full Year Financial Results

Gogoro® Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced its full year 2021 financial results.

For the year ended 2021, Gogoro reported Revenue of $366.0 million, exceeding guidance by $39.0 million (+11.9%) and up $1.9 million (0.5%) from the previous year.

The Company accumulated over 450,000 subscribers in Taiwan as of December 31, 2021, up 23.5% from the previous year.


MANSCAPED Brings “Big Groomed Energy” to NYC with Complete Takeover of Penn and PATH Stations

The leading men’s lifestyle consumer brand and male grooming category creator, MANSCAPED, today debuted its latest out-of-home campaign all about B.G.E., or Big Groomed Energy. A play on “BDE,” and with a similar notion of the viral catchphrase, MANSCAPED’s coined BGE is all about the unspoken confidence associated with personal grooming, an underlying mission for the high-growth global grooming disruptor.

On November 23, 2021, MANSCAPED announced its entry into a definitive business combination agreement with Bright Lights Acquisition Corp. (Nasdaq: BLTS).


HUB Security Ltd. Announces Board and Management Changes in View to its Expected Merger With a NASDAQ-Listed SPAC

HUB Cyber Security (Israel) Limited (TASE: HUB)Tel-Aviv based developer of Confidential Computing cybersecurity solutions and services announces that following previous public disclosures by the company regarding the conclusion of a merger agreement with the Nasdaq-listed Mount Rainier Acquisition Corp. SPAC (NASDAQ: RNER), and the submission of registration documents to the SEC, the Company will perform certain executive personnel changes to better prepare the corporate structure, governance, and professional skillset for its expected listing on NASDAQ.