Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Vinfast to list in the U.S. in August following SEC approval and Redwire wins $12.9 million NASA award
Vietnam EV maker VinFast to list in the U.S. in August after regulator nod
Vietnamese electric vehicle maker VinFast said on Friday it is planning to list in the United States next month via a blank-check company after the SEC gave the go ahead to its proposed business combination.
VinFast, a unit of Vietnam’s biggest conglomerate Vingroup, announced in May it would go public through a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co (NYSE:BSAQ).READ
Redwire Selected for $12.9 Million NASA Award to Develop Trailblazing Systems to Build Landing Pads, Roads, and other Forms of Infrastructure on the Moon
Redwire (NYSE: RDW) has won a $12.9 million NASA Tipping Point award to produce a prototype of technology capable of building landing pads, roads, and foundations of habitats on the Moon using lunar materials. The technology will use a microwave emitter to heat and solidify regolith (lunar dust and crushed rock) to construct infrastructure. Redwire’s partners in the project include Astrobotic, Lockheed Martin Space, Lambda Technologies, Colorado School of Mines, and the University of Central Florida.
Redwire completed its business combination with Genesis Park in September 2021.READ