The Latest SPAC News and Rumors: January 31, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Arrival appoints new CEO after laying off 50% of workforce, Hambro SPAC ditches merger talks with Istesso, and DocGo partners with Dollar General
EV startup Arrival appoints new CEO, posts plan to lay off 50% of its workforce
UK-based electric vehicle startup Arrival has announced plans to lay off half of its workforce as part of its efforts to cut costs. The company also named Igor Torgov as its new CEO. Prior to his appointment as CEO, Torgov served as the executive vice president of digital at the electric vehicle company.
Arrival, which was founded in 2015, has been developing electric delivery vans for UPS, ride-hailing cars for Uber, and zero-emission public buses. The company has received support from Hyundai and Kia, and it went public after via a special purpose acquisition company (SPAC) in March 2021.READ
Hambro SPAC ditches merger talks with biotech firm
Hambro Perks Acquisition Company, a pioneering SPAC, has abandoned plans for a merger with biotech firm Istesso.
Sky News reported yesterday that HPAC had set its sights on a merger with the firm. However, both companies said the talks have since been ditched.READ
Dollar General enters mobile clinic market via partnership with DocGo
To expand access to low-cost healthcare in rural communities, Dollar General has opened mobile clinics at three of its Tennessee locations, as part of a pilot coordinated with mobile health provider DocGo.
Founded in 2015, DocGo describes itself as a “last-mile provider” that dispatches clinicians to locations where they provide care to patients that otherwise would need to go to a physical clinic. The company was formerly called Ambulnz, and went public in 2021 in a merger with a special purpose acquisition company.