The Latest SPAC News and Rumors: October 3, 2022


The Latest SPAC News and Rumors: October 3, 2022


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

Latest SPAC News: LiveWire climbs in volatile trading and Rocket Lab to fire up first tests of new engine next year

Harley-Davidson’s E-Bike Spinoff Climbs in Volatile Trading

LiveWire Group Inc. (NYSE:LVWR) jumped Monday as the electric motorcycle business spun off by Harley-Davidson Inc. (NYSE:HOG) rebounded from last week’s disappointing stock market debut.

The shares surged as much as 46% during the regular session — after a 91% pop during premarket trading — despite no company announcements or other apparent news involving LiveWire. The stock was up 13% to $8.09 at 9:49 a.m. in New York.

LiveWire began trading Sept. 27 after completing a merger with AEA-Bridges Impact Corp.


Rocket Lab to fire up first tests of new engine next year

Launch company Rocket Lab (NASDAQ:RKLB) by next year plans to conduct initial hot-fire tests of a new, more powerful engine that will power its next-generation Neutron rocket, the company’s chief executive told Reuters.

Rocket Lab went public through a merger with a SPAC, in August 2021, unlocking $777 million in gross cash proceeds.


Salunda Limited Executes Exclusive License Agreement with Transocean for HaloGuard Real-Time Zone Management Technology

Salunda Limited today has announced an exclusive license agreement with Transocean (NYSE: RIG) to make, develop and sell HaloGuard®, the offshore drilling industry’s first safety system that integrates camera and sensor technology with drilling equipment and machine controls.

Transocean’s patented HaloGuard® methodology and technology are licensed exclusively to Salunda Limited. HaloGuard® was developed by Nauticus Robotics (NASDAQ: KITT) with Salunda Limited.

CleanTech shareholders approved its combination with subsea robot company Nauticus in September 2022.