The Latest SPAC News and Rumors: August 31, 2022


The Latest SPAC News and Rumors: August 31, 2022


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

Latest SPAC News: FaZe Clan announces partnership with McDonald’s USA, Transfix integrates with e2open, and Nikola announces leadership changes

FaZe Clan Announces Partnership Renewal With McDonald’s USA

FaZe Holdings Inc. (Nasdaq: FAZE), the lifestyle and media platform rooted in gaming and youth culture, announced today the renewal of its partnership with McDonald’s USA. The partnership, which began last year, will continue to focus on innovative ways to connect with the next generation of gamers and will advance successful campaigns from the past year while launching new initiatives.

To kick off the renewed partnership, FaZe Clan and McDonald’s will have a presence at PAX West this weekend, a gaming convention in Seattle, WA. McDonald’s will be hosting activities for fans at their booth, including a meet-and-greet with FaZe talent, and sponsoring a showcase that gives FaZe talent the opportunity to preview and play new and soon-to-be-released games at the convention.

B. Riley Principal 150 Merger Corp. completed its combination with sports media platform FaZe Clan last month on July 15.


Transfix Integrates with e2open Transportation Management System to Offer Shippers Real-Time and Spot Market Rates

Transfix, Inc., the Intelligent Freight Platform™, today announced new API connectivity with e2open’s global multi-modal Transportation Management System, providing shippers with easy automated access to dynamic market rates and capacity.

As announced on September 21, 2021, Transfix has entered into a definitive business combination agreement, as subsequently amended, with G Squared Ascend I Inc. (NYSE: GSQD), a SPAC sponsored by affiliates of G Squared, that is expected to result in Transfix becoming a publicly listed company.


Nikola Announces Leadership Changes, Moves Ahead With Acquisition of Romeo Power

Zero-emission transportation company Nikola Corp. (Nasdaq: NKLA) made two significant announcements concerning the company’s overall direction.

Nikola on Aug. 30 said two leadership changes have been made effective immediately, and a day earlier announced it has commenced an exchange offer to purchase all outstanding shares of common stock of energy-storage technology company Romeo Power Inc.

The company is splitting its Energy and Commercial division; Pablo Koziner, currently president of Energy and Commercial, now is president of Commercial. Carey Mendes, who runs the Global Energy Finance division, has been named president of Energy. Koziner and Mendes will report to President Michael Lohscheller, who also will become CEO on Jan. 1.

According to Bloomberg News, Nikola’s acquisition of Romeo is for just a sliver of what the battery maker was worth when it merged with VectoIQ Acquisition Corp. less than two years ago.


Rumble’s Subscription Product ‘Locals’ Launches Article Publishing Feature

Rumble, the video-sharing platform, announced that its subscription-based community platform, Locals, has launched an article publishing feature.

The new feature will enable creators to customize their online publications using a comprehensive toolbar. In addition to allowing creators to format their publications with headers, hyperlinks, quotes, and images, Locals integrates this feature with its existing subscription model. Creators can switch an article to “supporter only” at any point, meaning that only paying subscribers can access the remainder of the article.

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


Truth Social Provides Update On Its Effort to Enter the Google Play Store

TMTG stated that it has continuously worked in good faith with Google to ensure that the Truth Social Android App complies with Google’s policies without compromising our promise to be a haven for free speech. As our users know, Truth Social is building a vibrant, family-friendly environment that works expeditiously to remove content that violates its Terms of Service – which independent observers have noted are among the most robust in the industry.