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The Latest SPAC News and Rumors: October 27, 2022


The Latest SPAC News and Rumors: October 27, 2022


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

Latest SPAC News: FlyExclusive expands partnership with SmartSky, and Graphjet announces agreement with Quantum Science

FlyExclusive, SmartSky Expands Wi-Fi Partnership Ahead of IPO

After announcing last week that it would become a publicly traded company through a $600 million special purpose acquisition company merger, flyExclusive also shared that it was planning to purchase as many as 14 Cessna Citations from Textron Aviation.

The news comes as the Part 135 operator also expanded its partnership with SmartSky Network, the fast-growing air-to-ground (ATG) inflight connectivity provider. During the  2022 National Business Aviation Association’s Business Aviation Convention and Exhibition (NBAA-BACE) held in Orlando last week, the companies teamed up to display SmartSky’s latest technology onboard a flyExclusive jet, following the installation of the ATG hardware on a series of Cessna Citation Xs at flyExclusive’s facilities in Kinston, North Carolina.


Graphjet Technology Announces Agreement with Quantum Science for Nanomaterials and Quantum Dot Technologies

Graphjet Technology Sdn. Bhd., an innovative graphene and graphite producer, today announced a memorandum of agreement with UK based Quantum Science Ltd. The companies intend to explore technical and commercial opportunities deploying Graphjet’s sustainably sourced high purity graphite and graphene products in conjunction with Quantum Science’s nanomaterials and quantum dot (QD) technologies.

Plans are already underway for the two parties to create a flagship new materials platform and co-develop a range of new products that accelerate technological advances, with work due to start as soon as the agreement is finalized in early 2023.

Privately held Graphjet has also previously proposed a $1.5 billion business combination with Energem Corp (NASDAQ: ENCP), a special purpose acquisition company, by which Graphjet will become a United States based holding corporation listed on the Nasdaq Stock Exchange.