Digital World (DWAC) Reveals PIPE Investors, Other Details in Latest S-1

Digital World’s (NASDAQ:DWAC) filed a new S-1 today, providing highly anticipated information into the investors of its $1 billion PIPE.

A total of 48 investors have subscribed to this PIPE, with ownership post-conversion of the Preferred Stock between 11,350,000 shares and 50,000 shares. ...READ MORE

The Latest SPAC News and Rumors: May 27, 2022

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

Latest SPAC News: SPACs see a flurry of deals, first blank-check company in the Middle East surges

SPACs Make Flurry of Deals as Blank Checks Seek Something to Own

Blank-check companies settled on deals to buy a members-only startup airline, a startup augmented reality firm and a company called Two Bit Circus this month as SPACs face pressing deadlines to strike deals or close shop. ...READ MORE

Trepont Acquisition Corp I (TACA) to Liquidate Trust

Trepont Acquisition Corp I (NYSE:TACA) announced that it will not complete a business combination before its transaction deadline of June 4 and will therefore liquidate its trust effective June 10.

The SPAC had originally planned to hold a vote to extend its transaction deadline today, but opted to liquidate instead. ...READ MORE

Top 3 SPAC Targets: Revenue-Generating FinTech

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among revenue-generating fintech companies that are nearing profitability. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE

The Latest SPAC News and Rumors: May 26, 2022

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

Latest SPAC News: LanzaTech discovers method to produce sustainable PET bottles from carbon, Rubicon partners with Palantir, and D-Orbit launches sixth ION Satellite Carrier

LanzaTech, With the Support of Danone, Discovers Method to Produce Sustainable PET Bottles From Captured Carbon

A consortium, including LanzaTech and Danone, led to the discovery of a new route to monoethylene glycol, (MEG), which is a key building block for polyethylene terephthalate, (PET), resin, fibers and bottles. ...READ MORE

Op Ed: A Buy-Side Investor’s View on SPACs & Regulation

We don’t typically post Op Eds, but a buy-side individual who has been investing in SPACs since 2003 approached us wanting to offer their own perspective on the current SEC proposal. ...READ MORE

Apollo Strategic Growth Capital (APSG) Shareholders Approve American Express GBT Deal

Apollo Strategic Growth Capital (NYSE:APSG) announced that its shareholders have voted to approve its combination with American Express Global Business Travel in a special meeting held earlier today.

A total of 52,956,302 Class A ordinary shares and 20,420,250 Class B ordinary shares, representing approximately 71.87% of the outstanding ordinary shares entitled to vote, were present at today’s meeting. ...READ MORE

The Latest SPAC News and Rumors: May 25, 2022

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

Latest SPAC News: MSP Recovery plunges over 60% following merger, and Polestar invests in Israeli fast-charging battery startup

Mega-SPAC Mints a $21 Billion Fortune That Collapses in Minutes

MSP Recovery (NASDAQ:MSPR) was valued at $32.6 billion in its merger with special purpose acquisition company Lionheart Acquisition Corp. ...READ MORE

Haymaker III (HYAC) Shareholders Approve Biote Deal

Haymaker Acquisition Corp. III (NASDAQ:HYAC) announced that its shareholders have voted to approve its combination with hormone-optimization medical practice builder Biote in a special meeting held earlier today.

Redemption numbers have not yet been disclosed. ...READ MORE

The Latest SPAC News and Rumors: May 24, 2022

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

Latest SPAC News: Asia Innovations in talks to merge with E.Merge Technology and Alvotech announces positive results from clinical study for AVT04

Parent of Social Platform Uplive is Discussing Deal With E.Merge

The Latest SPAC News and Rumors: May 23, 2022

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

Latest SPAC News: Wilbur Ross SPAC in talks to merge with UK’s Atom Bank, eToro targets $1B funding round, and Symbotic expands Walmart partnership to implement automation system

Trump’s Commerce Secretary Ross Plots £700M Merger With UK’s Atom Bank

The SPAC set up by Wilbur Ross, who was President Trump’s commerce secretary between 2017 and 2021, is in detailed talks about a merger with Durham-based Atom Bank. ...READ MORE

The Latest SPAC News and Rumors: May 20, 2022

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

Latest SPAC News: Mondee announces 1Q financials results, returns to positive EBITDA while Prenetics tumbles following Nasdaq debut

Mondee Announces 1Q 2022 Financial Results; Returns to Positive EBITDA, Almost Tripling Net Revenue

Mondee Inc., ...READ MORE