The Latest SPAC News and Rumors: April 5, 2023
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC drops 8% amid Trump’s arraignment, and Avanseus announces version 6.0 of Augmented Operations platform
Trump SPAC Digital World drops amid former president’s arraignment, delayed 10-K filing
Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Donald Trump’s social media company and Truth Social app public, fell 8% as the former president was formally arraigned on charges related to alleged hush-money payments made during the 2016 presidential campaign.
Digital World also announced on Monday that it had to delay filing its 10-K for the year ended Dec. 31. DWAC expects to file its annual report within the 15 day grace period.READ
Avanseus Announces Version 6.0 of its Augmented Operations Platform
Avanseus Pte. Ltd., a software company specializing in developing AI-based solutions driven by machine learning and cognitive computing, today announced version 6.0 of its AI-based, state-of-the-art Augmented Operations platform, which includes several enhancements to Avanseus Predictive Maintenance’s (“APM”) capabilities and introduced the Smart Asset Procurement application.
Avanseus and Fat Projects Acquisition Corp (Nasdaq: FATP), a SPAC formed under the laws of the Cayman Islands (“FATP”), entered into a Business Combination Agreement dated August 26, 2022.READ