The Latest SPAC News and Rumors: February 21, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: EO Charging raises new funds after SPAC deal collapses, Bridgetown Holdings weighs merger with Hyphen Group, and Graphjet receives awards from Frost & Sullivan
UK EV charging start-up raises new funds after SPAC collapse
EO Charging, a British electric vehicle charging company that works with companies such as Amazon, has agreed funding from investors including from the Middle East at a lower valuation than targeted under a failed Spac listing in New York.
EO was last year forced to walk away from a proposed $675mn deal to combine with First Reserve Sustainable Growth, a New York-listed special purpose acquisition company, after the market for Spac-backed flotations collapsed.READ
Thiel-Backed SPAC Weighs Merger With HK Fintech Hyphen, Sources Say
Bridgetown Holdings Ltd. (NASDAQ:BTWN), the US-listed blank-check company backed by billionaires Peter Thiel and Richard Li, is considering a merger with financial technology firm Hyphen Group.
A transaction could value the combined company at several hundred million dollars, the people said, asking not to be identified because the matter is private. Li is already among the Hong Kong-based Hyphen’s investors.READ
NASDAQ-bound Graphjet Technology bags two awards from Frost & Sullivan
NASDAQ-bound Graphjet Technology Sdn Bhd (GTI), the world’s leading graphite and single-layer graphene producer, has recently been awarded the Prestigious 2023 Best Practices Awards by Frost & Sullivan.
GTI received the Frost & Sullivan 2023 Global Leadership Award and the 2023 Global Technology Innovation Leadership Award.
Currently, GTI is completing a business combination with Energem Corp. (NASDAQ:ENCPW), a SPAC.READ
Mirion Technologies Announces $150 Million Investment from T. Rowe Price, Priced At-the-Market
Mirion Technologies, Inc. (NYSE: MIR), a global provider of radiation detection, measurement, analysis and monitoring solutions to the medical, nuclear, defense, and research end markets, today announced that it has agreed to sell $150 million of shares of Class A common stock to certain funds and accounts advised by T. Rowe Price Investment Management, Inc., a global investment management organization.
Marion completed its business combination with GS Acquisition II in October 2021.READ