The Latest SPAC News and Rumors: July 25, 2022


The Latest SPAC News and Rumors: July 25, 2022


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

Latest SPAC News: Martin Franklin in talks to list new SPAC in London, Wag! to launch community shares program and Polestar chooses AutoNexus to prep and deliver cars in Australia

Blank-Check Pioneer Martin Franklin Eyes London Listing

Serial dealmaker Martin E. Franklin is in exploratory talks to list a new acquisition vehicle in London, according to Bloomberg.

The Jarden Corp. (NYSE:JAH) co-founder is working with UBS Group AG (NYSE:UBS) and Jefferies Financial Group Inc. (NYSE:JEF) to market the listed acquisition vehicle to investors.

The vehicle to be called Admiral will be sponsored by Franklin’s family office Mariposa Capital and could list on the London Stock Exchange as soon as September, if it draws investor commitments of at least $500 million, the people said.


Wag! to Launch Community Shares Program for Pet Caregivers and Nonprofit Charities with Help of Robinhood and DonateStock

Wag Labs, Inc., an American pet services marketplace company powering a mobile-first technology platform that enables on-demand and scheduled dog walking, training, and other pet care services, announced today the launch of its Wag! Community Shares Program.

With the Program, Wag! is pioneering a new method of charitable giving for the community of pet caregivers and for domestic pet nonprofit organizations. At the close of its previously announced business combination with CHW Acquisition Corporation (Nasdaq: CHWA, “CHW”), a publicly traded special purpose acquisition company, Wag! will reserve up to 300,000 shares of common stock for the Program, to be arranged through and administered by Robinhood Financial LLC, an American financial services company, and DonateStock, a fintech philanthropy company.


AutoNexus chosen to prep and deliver Polestar cars in Australia 

Fulfilment firm AutoNexus has been chosen as the logistics company for electric vehicle maker Polestar locally.

That means it will cover services including vehicle transport, processing, storage and full pre-delivery prep for Polestar’s electric vehicles as the latter expands in Australia.

Gores Guggenheim shareholders approved its combination with Swedish electric vehicle-maker Polestar in a special meeting held on June 22.