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The Latest SPAC News and Rumors: August 11, 2022

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The Latest SPAC News and Rumors: August 11, 2022

Aug 11, 2022 INTEL, SPACs in the News by Marlena Haddad

 

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

Latest SPAC News: United Airlines puts down $10 million deposit on flying taxis from Archer Aviation and Swvl announces $20 million private placement

United Airlines bets $10 million on flying taxis

The days of a Jetsons-like society zipping around in flying cars are still a long, long way away, but United Airlines is making a $10 million bet on flying cars. ...READ MORE

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Hainan Manaslu Acquisition Corp. (HMACU) Prices $60M IPO

Aug 10, 2022 IPOs by Marlena Haddad

Hainan Manaslu Acquisition Corp. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HMACU” Thursday, August 11, 2022.

The new SPAC aims to focus on targets with high growth potential in the post COVID-19 market including companies targeting vast consumer segments, platform based businesses, and products targeting the younger generation of consumers. ...READ MORE

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Equity Distribution Acquisition Corp (EQD) to Liquidate Trust

Aug 9, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Equity Distribution Acquisition Corp. (NYSE:EQD.U) announced this afternoon that it will not complete a business combination and will instead redeem all shares.

The SPAC anticipates that the public shares will cease trading as of the close of business on September 16, 2022, and will redeem all of its outstanding shares effective as of the close of business on September 19.  ...READ MORE

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latest-news

The Latest SPAC News and Rumors: August 9, 2022

Aug 9, 2022 INTEL, SPACs in the News by Marlena Haddad

 

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

Latest SPAC News: D-Orbit announces launch and deployment contract with Astrocast and Nogin partners with United Sports Brand

D-Orbit Announces Multi-Year Launch and Deployment Contract with Swiss Satellite Internet of Things (IoT) Network Operator Astrocast

D-Orbit, a space logistics company, announced today the signing of a multiple launch and deployment contract with Astrocast, a leading Swiss IoT-focused nanosatellite company. ...READ MORE

Mudrick Capital II (MUDS) Terminates Blue Nile Deal

Aug 9, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

Mudrick II (NASDAQ:MUDS) announced this morning that it has terminated its combination with online jewelry retailer Blue Nile.

The termination comes just weeks after the $683 million deal announcement, which was originally announced on June 13, and Blue Nile will now be subject to pay a hefty termination fee of up to $10 million, equal to Mudrick II’s expenses. ...READ MORE

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The Latest SPAC News and Rumors: August 8, 2022

Aug 8, 2022 INTEL, SPACs in the News by Marlena Haddad

 

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

Latest SPAC News: Novibet announces agreement with Caesars Entertainment and Hyzon Motors falls after disclosing financial troubles

Novibet Provides Updates on North America Expansion Strategy Including Recent Agreement With Caesars Entertainment Granting Company New Jersey Market Access for iGaming and Online Sports Betting

Logflex MT Holding Limited (doing business as Novibet), an established, profitable, iGaming and Online Sportsbook provider operating in several countries across Europe, today provided an update on its progress toward furthering its North America expansion strategy. ...READ MORE

CHW Acquisition Corp. (CHWA) Adds FPA Post-Vote

Aug 8, 2022 Deal Announcements & Amendments, INTEL, SPACs in the News by Nicholas Alan Clayton

CHW Acquisition Corp. (NASDAQ:CHWA), which saw its combination with pet-services marketplace Wag approved on July 28, announced a new forward purchase agreement to add financing.

This will keep about $24.6 million with the post-combination company as holders of 2,393,378 shares have agreed to sell these to CHW for $10.30 on the three-month anniversary of the deal’s close rather than redeem them for the pro rata trust amount. ...READ MORE

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DPCM Capital (XPOA) Shareholders Approve D-Wave Systems Deal

Aug 5, 2022 De-SPAC Votes and Redemptions, INTEL by Marlena Haddad

DPCM Capital (NYSE:XPOA) announced in a press release this afternoon that its shareholders have approved its combination with quantum computing firm D-Wave Systems at a special meeting held August 2.

But, the SPAC’s 8-K filing disclosed that stockholders holding 29,097,787 shares of Class A Common Stock exercised their right to redeem for a pro rata portion of the funds in DPCM’s trust account. ...READ MORE

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The Latest SPAC News and Rumors: August 5, 2022

Aug 5, 2022 INTEL, SPACs in the News by Marlena Haddad

 

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

Latest SPAC News: SPACs remain hotter than IPOs, Arrival halts electric bus and car projects, and WeWork posts smaller loss as office occupancy grows 

SPACs remain hotter than IPOs

Fintech firm Seamless, which agreed to go public at an implied $400 million valuation via a SPAC called INFINT Acquisition Corp. (NYSE:IFIN), ...READ MORE

Founder SPAC (FOUN) Adds FPA of Up to $150M

Aug 5, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Founder SPAC (NASDAQ:FOUN) announced this morning that it has entered into a forward purchase agreement (FPA) of up to $150 million to help secure its combination with Rubicon Technologies.

The parties gained approval of the deal at Founder SPAC’s special meeting August 2, but this move could reflect putting in protections in the event redemptions are higher than expected in conjunction with the completion vote. ...READ MORE