The Latest SPAC News and Rumors: May 9, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Europe launches first SPAC focused on biotech, CFA Institute calls for tougher SPAC disclosures, and UAE launches first SPAC
Europe Launches First SPAC Focused on Production of Complex Drugs
Europe’s first blank check company focused on acquiring companies that make medicines for the biotech and pharmaceutical industry launched on Monday, with plans to raise 150 million euros. ...READ MORE
SPAC IPO Terms Tracker: A Slow Start to May
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Zanite Acquisition Corp. (ZNTE) Shareholders Approve Eve Deal
Zanite (NASDAQ:ZNTE) announced this afternoon that its shareholders have voted to approve its combination with urban air mobility firm Eve in a special meeting held today.
A total of 21,087,868 shares were redeemed in connection with today’s special meeting, removing 91.686% of Zanite’s trust. ...READ MORE
Dune (DUNE) Preparing to Extend Transaction Deadline in New Shift
Dune (NASDAQ:DUNE) filed an initial proxy to extend its transaction deadline in the latest change of direction in its zig-zagging process concerning its pending combination with equities trading platform TradeZero.
The move caps off a strange month for Dune, in which it launched a lawsuit against TradeZero while its Board still recommended shareholders vote in favor of the merger, then changing this recommendation to “against” earlier this week, and now focusing on an extension vote before a completion vote. ...READ MORE
The Latest SPAC News and Rumors: May 6, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Transfix reports record first quarter results, Blockchain Coinvestors launches $200M fund, and Offerpad announces earnings
Transfix Reports Record First Quarter 2022 Results
Transfix, Inc., ...READ MORE
Podcast: Mondee CEO Prasad Gundumogula & ITHAX CEO Orestes Fintiklis
This week we speak with Prasad Gundumogula, CEO of Mondee, and ITHAX CEO, Orestes Fintiklis.
Mondee entered into an $842 million combination agreement with ITHAX Acquisition Corporation in December 2021. It sells excess inventory in the travel and hospitality industries to closed groups within its network, while also managing a meaningful swath of travel-related marketing space. ...READ MORE
Top 3 SPAC Targets – Sustainable Consumer Materials
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies making sustainable consumer products or materials. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Cartesian Growth Corp. II (RENEU) Prices $200M IPO
Cartesian Growth Corp. II priced its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RENEU” Friday, May 6, 2022.
The new SPAC intends to focus on established high-growth companies that operate in a manner consistent with the United Nations Principles for Responsible Investment. ...READ MORE
The Latest SPAC News and Rumors: May 5, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Wallbox commits to net zero greenhouse gas emissions goal, Redbox spikes amid retail trader interest, and Nukkleus rebrands as blockchain and digital payments company
Wallbox Commits to Company-Wide Net Zero Greenhouse Gas Emissions Goal by 2030
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced its goal to achieve Net Zero greenhouse gas (GHG) emissions across its global footprint by 2030. ...READ MORE
The Latest SPAC News and Rumors: May 4, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: NuScale gains after completing merger, and Giga Carbon Neutrality initiates discussions on merger with SPAC
Nuclear-Tech Firm NuScale Gains After Completing SPAC Merger
NuScale Power Corp.(NYSE:SMR), ...READ MORE
Goldenbridge Acquisition Limited (GBRG) Terminates AgiiPlus Deal
Goldenbridge Acquisition Limited (NASDAQ:GBRG) has mutually terminated its combination agreement with solutions provider AgiiPlus.
The press release did not cite a reason for the breakup, but similar to several deals in the first half of 2022, the unfavorable market conditions are likely to be a factor. ...READ MORE
Dune’s Board (DUNE) Recommends Shareholders Vote Against TradeZero Combination
Dune (NASDAQ:DUNE) this morning took the highly unusual step of urging its shareholders to vote against its pending business combination with TradeZero when they assemble for a special meeting to approve or deny its combination. ...READ MORE
The Latest SPAC News and Rumors: May 3, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Shenzhen State Fuel Cell Corp. eyes $1B SPAC deal, Facebook billionaire Eduardo Saverin’s B Capital halts SPAC plans, and Dune’s board of directors changes recommendation to against combination with TradeZero
Chinese Fuel Cell Maker Eyeing SPAC Deal for $1B US Listing
A Chinese provider of hydrogen used in fuel cell vehicles is considering a Nasdaq debut early next year via a SPAC merger that would land it a $1 billion valuation after listing. ...READ MORE
A SPAC II Acquisition Corp. (ASCBU) Prices $185M IPO
A SPAC II Acquisition Corp. priced its $185 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ASCBU” Tuesday, May 3, 2022.
The new SPAC intends to focus on high-growth industries that apply cutting-edge technologies, such as Proptech and Fintech, with a preference for companies that promote environmental, social, and governance principles. ...READ MORE
The Latest SPAC News and Rumors: May 2, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Nikola secures $200M convertible senior notes investment, Innoviz jumps after pact with undisclosed carmaker, and Terran Orbital ships GeoOptics satellites
Nikola Announces $200 Million Convertible Senior Notes Investment
Nikola Corporation (NASDAQ: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, today announced that an institutional investor has agreed to make a $200 million investment in Nikola through the purchase of Convertible Senior Notes. ...READ MORE