The Latest SPAC News and Rumors: August 4, 2023


The Latest SPAC News and Rumors: August 4, 2023

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

Latest SPAC News: Nikola taps former GM vice chairman to serve as CEO, and Jet.AI announces commercial and private aviation carbon offset program

Nikola Hires GM Veteran for Top Role at Troubled EV Maker

Nikola Corp. is tapping a former General Motors Co. (NYSE:GM) vice chairman to serve as its chief executive officer, replacing the current CEO after less than a year of running the electric truck maker.

Steve Girsky, Nikola’s chairman, will take over as CEO of the troubled manufacturer that he helped take public three years ago. He replaces Michael Lohscheller, effective immediately, the company said Friday in a statement.

Nikola completed its business combination with VectoIQ Acquisition Corp. in 2020.


Jet.AI Announces Commercial and Private Aviation Carbon Offset Platform, DynoFlight

 Jet Token Inc. (Reserved NASDAQ: JTAI, JTAIW), an innovative private aviation, artificial intelligence company, today announced the launch of DynoFlight, a carbon offset transaction platform built for both commercial and private aviation operators. The platform enables aviation businesses to offset their carbon emissions through the purchase of carbon removal credits that fund the direct extraction of carbon dioxide from the atmosphere.

Jet Token inked its $45 million deal with Oxbridge Acquisition Corp. (NASDAQ: OXAC) earlier this year in February.