The Latest SPAC News and Rumors: March 1, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Westrock Coffee announces acquisition of Bixby Roasting, Fisker shares soar on production, and Digital World to appeal Nasdaq delisting
Westrock Coffee Announces Strategic Acquisition of Bixby Roasting
Westrock Coffee Company (Nasdaq: WEST), a leading integrated coffee, tea, flavors, extracts, and ingredients solutions provider to the retail, foodservice and restaurant, convenience store and travel center, non-commercial, CPG, and hospitality industries, announced today the Company has acquired Bixby Roasting Co., a specialty-grade roaster that is a leader in the emerging influencer-led brand space. The terms of the transaction were not disclosed.
Riverview Acquisition Corp. completed its combination with Westrock Coffee in August 2022.
READFisker Shares Soar on Production, Spending Data
Shares of Fisker (NYSE: FSR) skyrocketed after the electric vehicle (EV) maker said that it was maintaining its production target for this year and reported that it spent less money than anticipated in 2022.
Fisker indicated that it expects to build up to 42,400 of its inaugural Ocean SUVs in 2023, provided its supply chain delivers as expected and it gets regulatory approval “in a timely manner.”
During the previous week, shares of rivals Lucid Group (NASDAQ:LCID) and Nikola Corporation (NASDAQ:NKLA) plunged after they reported lower-than-anticipated manufacturing and delivery totals.
READTrump-backed SPAC Digital World to appeal Nasdaq delisting notice
Digital World Acquisition Corp (NASDAQ:DWAC), a blank-check firm that is to merge with former U.S. President Donald Trump’s social media platform, said on Wednesday it will file an appeal against a Nasdaq de-listing notice due to the non-payment of some dues.