The Latest SPAC News and Rumors: June 20, 2023


The Latest SPAC News and Rumors: June 20, 2023

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

Latest SPAC News:  Volocopter to serve Paris Olympics, ZeroNox announces product development agreement with Kubota Corp., and Spectral MD completes audit for its DeepView Wound Imaging System

Air taxi maker races to serve Paris Olympics as sector struggles for funds

A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to executives at the Paris Airshow it is on track to ferry customers around the sporting showcase and take off globally.

The world’s largest air show tends to focus on military and commercial planes. But electric vertical takeoff and landing (eVTOL) aircraft makers are also there in force, with Lilium announcing a deal on Monday for China’s HeliShenzhen Eastern General Aviation Co. to buy 100 of its jets.

Volocopter had initially planned to go public via a SPAC, but ultimately ended up canceling those plans in 2021.


ZeroNox Announces Product Development Agreement with Kubota Corporation

Zero Nox Inc. a leading provider of sustainable, off-highway vehicle electrification, today announced a product development agreement for currently undisclosed products with Kubota Corporation in Japan.

Under the terms of the agreement, ZeroNox and KBT have entered a product development agreement to electrify select undisclosed products. Further details of the products included in the product development agreement will be disclosed at a later date.

As previously announced, ZeroNox signed a definitive business combination agreement with The Growth for Good Acquisition Corp. (Nasdaq: GFGD).


Spectral MD Holdings Completion of ISO 13485 Certification Audit

Spectral MD Holdings, Ltd. (AIM: SMD), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, announces it has completed the quality management ISO 13485 certification audit for the manufacture and distribution of its DeepView® Wound Imaging System. ISO 13485 certification has now been recommended and is anticipated in Q3 2023. The completion of the audit validates Spectral MD’s commitment to meeting the highest standards of quality, reliability, and safety in the medical device industry.

As announced on April 11, Spectral MD Holdings has entered into a business combination agreement to combine with Rosecliff Acquisition Corp I (“Rosecliff”, Nasdaq: RCLF).