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The Latest SPAC News and Rumors: August 23, 2022


The Latest SPAC News and Rumors: August 23, 2022


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

Latest SPAC News: NUBURU awarded contract from US Air Force, Truth Social joins Rumble’s ad platform, and DWAC warns decline in Trump’s popularity could hurt social media company

NUBURU Awarded SBIR Phase II Contract by U.S. Air Force to Develop Blue Laser-Based Area Printing Additive Manufacturing System

NUBURU, an industry leader in high-power and high-brightness blue lasers for 3D printing and industrial applications, has been awarded an AFWERX Small Business Innovation Research (SBIR) Phase II contract to develop a blue laser-based 3D printing solution with area printing technology.

This press release relates to a proposed transaction between Tailwind Acquisition Corp. (NYSE: TWND) and NUBURU, Inc.


Truth Social Joins Rumble’s Ad Platform as First Publisher

Rumble, the video-sharing platform, announced that Truth Social is using the Rumble Advertising Center to serve advertisements on its platform.

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


Trump-linked SPAC warns decline in ex-president’s popularity could hurt his social media company

Digital World Acquisition Corp (NASDAQ:DWAC), the SPAC that agreed to take Trump Media and Technology Group public, warned Monday that potential damage to former President Donald Trump’s popularity could hurt his firm.

The warning came in a securities filing that set a Sept. 6 shareholder meeting to determine whether to delay the deadline for completing a merger with Trump’s firm, which owns the Truth Social app. DWAC also said it could liquidate if the merger isn’t consummated.