The Latest SPAC News and Rumors: June 8, 2022


The Latest SPAC News and Rumors: June 8, 2022


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

Latest SPAC News: Getaround expands operations in Seattle, Better faces whistle-blower lawsuit, and Voltus to provide distributed energy resources to relieve grid shortages in U.S. and Canada

Getaround Brings Expanded Carshare Access to the City of Seattle

Getaround, the world’s leading digital carsharing marketplace, today announced that the company is expanding operations in the city of Seattle, Washington to increase residents’ access to reliable transportation with expanded carsharing. The company has collaborated with the Seattle Department of Transportation (SDOT) to bring carshare vehicles to dedicated parking spaces across the city.

On May 11, 2022, Getaround announced its entry into a definitive business combination agreement with InterPrivate II Acquisition Corp. (NYSE: IPVA).


Better Whistle-Blower Suit Accuses CEO of Misleading Investors 

Better, the online mortgage lender whose chief executive officer infamously fired 900 staffers on a Zoom call, is now facing a whistle-blower lawsuit.

CEO Vishal Garg misled investors in his effort to keep them on board with his plans to take the company public, an ex-executive said in a complaint filed Tuesday in Manhattan federal court.


Voltus Expects to Provide Nearly 2,600 MW of Distributed Energy Resources to Relieve Grid Shortages Across the U.S. and Canada

Voltus, Inc., the leading DER software platform, announced today that its nearly 2,600 MW portfolio is prepared to help meet anticipated supply shortages this summer across the U.S. and Canada. In a recently published report, the North American Electric Reliability Corp. (NERC) warned that Texas, New England, the Midcontinent Independent System Operator (MISO), and parts of the West are at higher risk of energy shortfalls.

On November 30, 2021, Broadscale Acquisition Corp. (Nasdaq: SCLE) entered into a definitive agreement for a business combination with Voltus.