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The Latest SPAC News and Rumors: May 18, 2023


The Latest SPAC News and Rumors: May 18, 2023

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

Latest SPAC News:  GoLogiq in discussions to combine with Nasdaq listed company and cybersecurity software developer Arqit to sell satellite business

GoLogiq in Late-Stage Discussions for Business Combination with Nasdaq Listed Company

GoLogiq, Inc. (OTC:GOLQ), a U.S.-based global provider of fintech and consumer data analytics, announced that the company has advanced to late stage discussions and has signed a non-binding letter of intent with a Nasdaq listed company for a planned business combination.


Arqit launches sale of satellite division

British cybersecurity software developer Arqit (NASDAQ:ARQQ) has hired financial adviser Silverpeak to sell its space division following interest from potential buyers, according to a source close to the process.

The division’s assets include a quantum encryption satellite Redwire is building that is partly funded by the European Space Agency, the person told SpaceNews, along with patents, intellectual property, commercial contracts worth more than $65 million, and a team of around 40 engineers.

Arqit completed its business combination with Centricus in September 2021.