The Latest SPAC News and Rumors: May 22, 2023


The Latest SPAC News and Rumors: May 22, 2023

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

Latest SPAC News: Backers of Super Group deal hit with lawsuit and Freightos partners with Electrolux Group 

Super Group’s Blank-Check Backers Hit With SPAC Deal Challenge

An investor sued architects of the blank-check merger between online gambling company Super Group (NYSE:SGHC) Ltd. and a shell entity, claiming they duped shareholders into approving a lousy deal that made insiders rich.

The lawsuit targets the finance and sports industry veterans—including former senior executives at Goldman Sachs & Co. and the NFL—who sponsored Sports Entertainment Acquisition Corp., the special purpose acquisition company that combined with Super Group to take it public. Super Group operates the digital sports betting platform Betway and Spin, an online casino.

Electrolux Group Taps Freightos for Real-Time Procurement of Air Freight

Electrolux Group, a global leader in home appliances, has announced a new partnership with Freightos (NASDAQ: CRGO), the leading global freight booking platform, to improve its freight booking process across its forwarders and carriers.  The partnership follows a successful proof of concept addressing efficiencies in cost estimation, booking, and end to end tracking and air freight visibility.