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
...READ MORE
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
SPAC IPO Terms Tracker: A Flat Week of IPOs & New S-1s
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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
Babylon (BBLN) Announces Warrant Exchange Offer
Babylon (NYSE:BBLN) announced this morning that it has launched an offer to exchange its outstanding public warrants for 0.295 Class A shares each.
However, Babylon would like to amend the existing warrant agreement so that any warrants not exchanged in the tender offer at this ratio will be automatically exchanged at a ratio that is 10% less at 0.2655. ...READ MORE
Top 3 SPAC Targets – Oil & Gas
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in the North American oil and gas sector. 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 19, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ex-Gucci backer Investcorp weighs UAE SPAC, Lionheart in talks with Security Matters, and Polestar cuts 2022 delivery forecast amid China lockdown
Ex-Gucci Backer Investcorp Weighs Setting Up UAE SPAC
Investcorp is considering listing a special purpose acquisition company in the UAE, according to people with knowledge of the matter, boosting momentum for the Middle East’s nascent blank-check market. ...READ MORE
Podcast: Blackstone Products Founder & CEO Roger Dahle
This week we will be speaking with Roger Dahle, Founder and CEO of Blackstone Products, which signed a $900 million combination agreement with Ackrell SPAC Partners I in December.
Blackstone has channeled the power of TikTok to popularize its line of outdoor griddles and found ways to capture efficiencies by vertically integrating its supply chain in China. We ...READ MORE
Omnichannel Acquisition Corp. (OCA.U) Announces Liquidation
Omnichannel Acquisition Corp. (NYSE:OCA.U) announced this afternoon that it will be redeeming all of its outstanding shares of Class A common stock, effective as of the close of business on June 1, 2022, due to its inability to complete a business combination. ...READ MORE