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Author: Marlena Haddad

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The Latest SPAC News and Rumors: August 16, 2022

Aug 16, 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: Andreessen Horowitz backs Adam Neumann’s real estate firm Flow, and Babylon said to mull take-private not long after SPAC deal

Silicon Valley Giant Andreessen Horowitz Backs Adam Neumann’s Real Estate Firm Flow

Venture capital giant Andreessen Horowitz said on Monday it would be investing in Adam Neumann’s residential real estate company Flow, backing the WeWork Inc (NYSE:WE) co-founder who has often drawn criticism for his allegedly erratic management style.

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CENAQ Energy Corp. (CENQ) to Combine with Bluescape Clean Fuels, LLC

Aug 12, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad
CENAQ Energy Corp. (NASDAQ:CENQ) has entered into a definitive agreement to combine with gasoline supplier Bluescape Clean Fuels at a pro forma enterprise value of $280 million, or 1.8x 2025E EBITDA. Dallas, Texas-based Bluescape Clean Fuels turns waste feedstocks into renewable gasoline, allowing consumers to reduce their carbon footprint. Upon closing of the Business Combination, the combined
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East Stone (ESCC) Adds Another $200M PIPE to ICONIQ Deal

Aug 12, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad

East Stone Acquisition Corp. (NASDAQ:ESCC) has tacked on yet another $200 million to its PIPE for its combination with EV-maker ICONIQ, bringing the total PIPE now to $600 million. 

As background, East Stone brought an estimated $33.5 million into the deal from its current trust and originally supplemented this with a $200 million PIPE at $10.26 per share from an unnamed investor.

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The Latest SPAC News and Rumors: August 12, 2022

Aug 12, 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: Rocket Lab proves its business model and will benefit from increase in military spending

Unlike Other Former SPACs, Rocket Lab is Already Science, Not Fiction

The small-satellite launcher has already proven its business model and will benefit from a post-Ukraine increase in military spending.

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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.

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IPO-Pricing

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.

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Liberty Resources (LIBY) to Combine with Caspi Oil Gas LLP in $428M Deal

Aug 10, 2022 Deal Announcements & Amendments, INTEL by Marlena Haddad
Liberty Resources (NASDAQ:LIBY) has entered into a binding amendment to a previously executed non-binding acquisition letter with Caspi Oil Gas LLP at a pro forma enterprise value of $427.7 million. West Kazakhstan-based Caspi is the owner of the Rakushechnoye Oil Field, which covers an area of about 287 sq km in the south-western Manghystau Province. The
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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. 

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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.

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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.

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New SPAC: BCGF Acquisition Corp. Files for $87M IPO

Aug 8, 2022 INTEL, New S-1 Filings by Marlena Haddad
Following a quiet week with no new S-1 registration statements, BCGF Acquisition Corp. (NASDAQ:BCGF) filed its S-1 this morning for an $87 million IPO, marking the first SPAC to file for an IPO in August. While BCGF may acquire a business in any industry, its primary focus will be a target in the biotechnology sector with a total
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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.

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