Afternoon SPAC News Roundup: March 26, 2024

Mar 26, 2024 SPACs in the News by Nicholas Alan Clayton

SpaceNews: Boeing (NYSE:BA) has sued Virgin Galactic (NASDAQ:SPCE) alleging the space tourism venture refused to pay $25 million it owed for design work and violated Boeing’s intellectual property rights. Virgin Galactic combined with Social Capital Hedosophia in 2019.
Bloomberg: The most popular options contract for Trump Media (NASDAQ:DJT) predicts it to plunge down to $2.50 in the coming weeks, although this could be a means of hedging as the buzzy company spends its first few weeks as a public company after closing with Digital World.
TechCrunch: A former executive at Nextdoor (NYSE:KIND), which combined with Khosla II in November 2021, has raised $25.5 million for a venture aiming to roll up HVAC service providers.

LAMF Global I (NASDAQ:LGVC) intends to adjourn its Thursday vote to complete its combination with Nuvo and reconvene it at 11 am ET April 1.