The Latest SPAC News and Rumors: September 23, 2021

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

Latest SPAC News: Elizabeth Warren, other Senate Democrats raise concerns about SPAC incentives, Singapore startup Mirxes in talks to merge with Summit Healthcare, and IonQ partners with GE Research

Elizabeth Warren and Democrats Are Going After SPAC Kingpins 

Elizabeth Warren and other Senate Democrats are targeting some of the biggest names behind SPACs, questioning whether the once red-hot market will trigger outsized losses for retail investors. ...READ MORE

Union Acquisition Corp. II (LATN) Shareholders Approve Procaps Deal

Union Acquisition Corp. II (NASDAQ:LATN) announced that its shareholders approved its combination with pharmaceutical manufacturer Procaps Group at a shareholder vote yesterday.

In a subsequent 8-K filing, the SPAC showed that 70.5% of its shareholders opted to redeem, however, removing an estimated $77.8 million from its trust. ...READ MORE

The Latest SPAC News and Rumors: September 22, 2021

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

Latest SPAC News: Pakistan introduces regulatory framework for SPACs, SAB Biotherapeutics awarded $60.5M for COVID-19 treatment, and Aurora teams up with PACCAR and FedEx 

Public Offering Regulations Amended for SPAC Framework

The Securities and Exchange Commission of Pakistan (SECP) has amended the Public Offering Regulations, 2017 to introduce a regulatory framework for SPACs. ...READ MORE

Cerberus Telecom (CTAC) Further Postpones Shareholder Vote

Cerberus Telecom Acquisition Corp. (NYSE:CTAC) has again postponed its special meeting to vote to approve its combination with internet-of-things (IoT) provider KORE Wireless.

The meeting, which was originally supposed to be held September 16th, but was first postponed to today, September 22nd, has been further postponed to next Wednesday, September 29th at 10:00 am. ...READ MORE

Fusion Acquisition Corp. (FUSE) Shareholders Approve MoneyLion Deal

Fusion Acquisition Corp. (NYSE:FUSE) announced in an 8-K filing today that its shareholders approved its combination with fintech platform MoneyLion at a shareholder vote held earlier this morning.

The filing did not disclose redemption numbers, but FUSE traded above $10 throughout its redemption deadline September 17, and climbed 10.47% today, closing at $10.76. ...READ MORE

The Latest SPAC News and Rumors: September 21, 2021

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

Latest SPAC News: Timberlake, Lizzo back Hydrow ahead of SPAC deal, Malaysia reviews framework for SPACs, and Embark Trucks collaborates with Cummins 

Timberlake, Lizzo Back Rowing Startup Hydrow Ahead of SPAC Deal

Recording artists Justin Timberlake and Lizzo invested in Hydrow, a maker of at-home rowing machines that’s discussing going public through a merger with Sandbridge X2 Corp. ...READ MORE

The Latest SPAC News and Rumors: September 20, 2021

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

Latest SPAC News: Hong Kong struggles to lure SPACs while MENA SPAC activity surges; WeWork to start trading in October

Hong Kong Seen Struggling to Lure SPACs With Strict Rulebook

Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to list in the city, according to Bloomberg. ...READ MORE

The Latest SPAC News and Rumors: September 17, 2021

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

Latest SPAC News: Hong Kong considers allowing SPAC listings, Redbox Entertainment acquires Vendetta distribution rights, and EQRx announces presentation of phase 3 data

Hong Kong Proposes SPAC Listings, But Only for Professional Investors

Hong Kong Exchanges & Clearing has outlined plans to allow the listing of blank-check corporations whose global popularity has soared over the past year, just two weeks after regional rival Singapore greenlit the float of such entities. ...READ MORE

Top 3 SPAC Targets – Decentralized Finance

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among crypto companies fostering decentralized finance networks. 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: September 16, 2021

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

Latest SPAC News: Lucid’s sedan confirmed as longest-range EV, air-taxi startup Lilium generates 29-fold return on Atomico bet, and Spire Global acquires exactEarth

Lucid’s Debut Sedan Awarded 520-Mile EPA Rating, Eclipsing Tesla

Electric vehicle maker Lucid Group (NASDAQ:LCID) says a version of its debut sedan has been confirmed as the longest-range EV ever rated by the U.S. ...READ MORE