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The Latest SPAC News and Rumors: August 3, 2023


The Latest SPAC News and Rumors: August 3, 2023

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

Latest SPAC News: DWAC encounters another setback as auditor abruptly resigns, and Movella launches first all-in-one broadcasting app for engaging livestreams

Trump-Tied SPAC Hits Another Snag as Auditor Abruptly Resigns

A deal to take Donald Trump’s media company public is facing another major setback, putting into question whether it will ever get completed.

Special-purpose acquisition company Digital World Acquisition Corp. (NASDAQ:DWAC) said in a filing Tuesday that its auditor Marcum LLP — which has been riddled with regulatory problems of its own — abruptly resigned. The departure puts its merger with Trump Media & Technology Group in peril.


Movella Launches OBSKUR: The First All-In-One Broadcasting Application for Engaging Livestreams

Movella Holdings Inc. (NASDAQ:MVLA), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, today announced the launch of OBSKUR: the first all-in-one broadcasting application for engaging livestreams built on Unreal Engine 5. OBSKUR makes it easy for anyone to create compelling 3D streams, build a community, and efficiently interact with their audience.

Movella completed its business combination with Pathfinder in February.