The Latest SPAC News and Rumors: January 5, 2023


The Latest SPAC News and Rumors: January 5, 2023


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

Latest SPAC News: Newsight Imaging partners with First International Computer, D-Wave and Davidson Technologies enter multi-year reseller agreement, and Alliance Entertainment automates warehouse 

Newsight Imaging and First International Computer Announce Partnership for LiDAR solution for Automotive Safety

Newsight Imaging Ltd. (“Newsight”), a leading semiconductor innovator developing proprietary 3D machine vision sensors, spectral vision chips and systems, announced today its partnership with First International Computer (“FIC”) to co-develop advanced eTOF (enhanced-Time-Of-Flight)-based 3D vision systems for the automotive safety market

On August 30, 2022, Newsight Imaging announced that it has entered into a definitive agreement to become publicly listed through a merger transaction with Vision Sensing Acquisition Corp. (Nasdaq: VSAC), a publicly traded special purpose acquisition company.


D-Wave and Davidson Technologies Enter Multi-Year Reseller Agreement

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers; and Davidson Technologies, Inc., a technology services company that provides innovative engineering, technical and management solutions for the Department of Defense, aerospace and commercial customers, today announced that the companies have entered into a multi-year reseller agreement. The new alliance, which will be highlighted at D-Wave’s upcoming annual user conference, Qubits, enables Davidson to resell D-Wave’s products and services, including the Leap™ quantum cloud service.


Alliance Entertainment Automates 873,000 Sq Ft Kentucky Warehouse with AutoStore Storage and Retrieval Technology

Alliance Entertainment Holding Corporation, a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, and collectibles, announced today it has partnered with AutoStore™ and Swisslog to design and install a cube-based warehouse automated storage and retrieval system (ASRS) that is now live and operational at its 873,000 square foot Kentucky warehouse.

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.


DiaCarta Announces Successful Completion of Oncuria Validation Study with Nonagen Bioscience

DiaCarta, Ltd. (“DiaCarta”), a precision molecular diagnostics company, and Nonagen Bioscience Corporation (“Nonagen”), a cancer diagnostics company, today announced the successful completion of the validation study of Oncuria®multiplex bladder cancer immunoassay as a laboratory developed test (“LDT”). DiaCarta also announced that it has begun receiving patient urine samples for testing in its CLIA certified lab in Pleasanton, California.

On October 14, 2022, DiaCarta and HH&L Acquisition Co. (NYSE: HHLA), a special purpose acquisition corporation, entered into a definitive business combination agreement that would result in DiaCarta becoming a public company.


AUM Biosciences Receives U.S. FDA Rare Pediatric Disease Designation for AUM302 for Treatment of Neuroblastoma

AUM Biosciences Pte. Ltd. (“AUM”), a global clinical-stage biotech company focused on discovering and developing precision oncology therapeutics, announced today that the U.S. Food and Drug Administration (FDA) has granted a Rare Pediatric Disease Designation (RPDD) for its product candidate, AUM302, a potential first-in-class oral kinase inhibitor that targets not only PI3K, but also key resistance mechanisms such as PIM and mTOR, for the treatment of neuroblastoma. In November 2022, the FDA granted Orphan Drug Designation (ODD) for AUM302.

On October 20, 2022, AUM and Mountain Crest Acquisition Corp. V (Nasdaq: MCAG) announced that they have entered into a definitive business combination agreement.


Intuitive Machines Adds Commercial Lunar Rover to its Second Mission to the Moon

Intuitive Machines, LLC, a leading space exploration, infrastructure, and services company, and Japan-based robotics company, Dymon Co., Ltd., have signed an agreement to fly Dymon’s Yaoki rover on Intuitive Machines’ second mission to the Moon.

As previously announced on September 16, 2022, Intuitive Machines signed a definitive business combination agreement with Inflection Point Acquisition Corp. (Nasdaq: IPAX), a publicly traded special purpose acquisition company, that is expected to result in Intuitive Machines becoming publicly listed.