The Latest SPAC News and Rumors: October 18, 2022


The Latest SPAC News and Rumors: October 18, 2022


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

Latest SPAC News: DWAC tumbles after Kanye says he wants Trump to join Parler, Mill Creek Entertainment announces licensing deal with The Nacelle Company, and f’real partners with Footprint

Kanye Says He Wants Trump to Join Parler —Sending Trump’s Truth Social SPAC Tumbling

Controversial rapper Kanye West, the prospective new owner of right-wing social media platform Parler, vowed Monday to break bread with Donald Trump by inviting the fellow billionaire onto his site, while shares of the company aiming to take Trump’s competing Truth Social app public cratered.

Shares of Digital World Acquisition Corp. (NASDAQ:DWAC), the special purpose acquisition company with turbulent plans to merge with Truth Social’s parent Trump Media and Technology Group, fell 8% to $16.11 Monday as a new brash billionaire threw his hat into the conservative social media ring.


Alliance Entertainment’s Mill Creek Entertainment Announces Licensing Deal with The Nacelle Company

Mill Creek Entertainment, a division of Alliance Entertainment Holding Corporation, today announced it has signed a licensing deal with production company and distributor The Nacelle Company, LLC.

The Nacelle Company offers an impressive catalog of feature and documentary films. Through this partnership, Mill Creek Entertainment will distribute their content into the physical marketplace.

On June 23, 2022, Alliance Entertainment announced that it will become publicly listed through a merger transaction with Adara Acquisition Corp. (NYSE: ADRA), a publicly traded special purpose acquisition company.


f’real and Footprint Announce Partnership to Co-create Plastic-Free Cup

Footprint, a global materials science technology company focused on creating a healthy planet, today announced a partnership with f’real foods, the purveyors of on-the-go, blend-it-yourself (BIY) shakes and smoothies, under which the companies will leverage Footprint’s fiber-based solutions to develop a sustainable replacement for f’real’s signature dairy cup.

This follows the announcement of Footprint’s intention to list on the NASDAQ in a proposed business combination with Gores Holdings VIII, Inc. (Nasdaq: GIIXU).


Getaround and KAYAK Enter Strategic Partnership, Bring Contactless Carsharing to Travelers

Getaround, the world’s leading digital peer-to-peer carsharing marketplace, and KAYAK, the world’s leading travel search engine and the first and only travel metasearch to offer peer-to-peer car sharing options in the U.S., announced today a new strategic partnership that integrates Getaround’s market-leading on-demand, contactless carsharing offerings with KAYAK’s platforms and services.

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