The Latest SPAC News and Rumors: April 14, 2022

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

Latest SPAC News: Spotify rival Deezer nears deal to go public, D-Orbit enters agreement with Beyond Gravity, and PropertyGuru beats adjusted EBITDA forecast

Deezer Negotiates Public Listing via Merger with French SPAC

French music streaming service Deezer is nearing a deal to go public by merging with I2PO, a SPAC backed by the family behind luxury titan Kering SA, according to The Wall Street Journal, as consumer demand for music continues to grow.

The Latest SPAC News and Rumors: April 13, 2022

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

Latest SPAC News: Malaysia’s Hibiscus considers Singapore SPAC listing, Bridgestone partners with LanzaTech, and Credit Suisse forms new committee to review SPAC deals

Malaysia’s Hibiscus Explores Singapore SPAC Listing

Hibiscus Petroleum Bhd.

The Latest SPAC News and Rumors: April 12, 2022

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

Latest SPAC News: Hong Kong’s OneDegree approached by SPAC, ADQ and Chimera Capital set up Abu Dhabi’s first blank-check company, and Infinite Reality buys ReKTGlobal

Hong Kong’s OneDegree Says It’s Been Approached on SPAC Listing

OneDegree, a Hong Kong-based insurer of digital assets, has been approached by investment banks about going public through a blank-check company, its co-founder said.

Circle Internet Financial Receives $400M in Funding

Concord Acquisition Corp.’s (NYSE:CND) crypto target, Circle, has received $400 million in funding with investments from BlackRock, Inc (NYSE:BLK), Fidelity Management and Research, Marshall Wace LLP and Fin Capital.

Although today’s investment is not directly associated with the business combination, Fidelity and Marshall Wace participated in the transaction’s original PIPE before it was cancelled and replaced with the current terms.

The Latest SPAC News and Rumors: April 11, 2022

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

Latest SPAC News: Ackman says proposed SPAC rules suggest SEC backs him, Wallbox starts construction of its EV charger manufacturing facility, and Selina partners with TechnoArt

Bill Ackman Says Proposed SPAC Rules Suggest SEC Backs Him Against Investor Lawsuit

A Bill Ackman SPAC told a judge that proposed rules for the vehicles support its defense against a lawsuit alleging it is acting illegally as an investment company.

The Latest SPAC News and Rumors: April 8, 2022

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

Latest SPAC News: Dune SPAC sues TradeZero, Tiket mulls Blibli merger before Jakarta IPO, and BlackSky looks to expand military business

Dune SPAC Sues TradeZero for ‘Outright Falsehoods’ About Merger

The Latest SPAC News and Rumors: April 7, 2022

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

Latest SPAC News: Drew Barrymore joins Grove Collaborative 

Drew Barrymore Joins Grove Collaborative to Build a Plastic-Free Future

Grove Collaborative, a leading sustainable consumer products company and Certified B Corp, announced today actress and entrepreneur Drew Barrymore has joined the Company as an investor and its first-ever Global Brand and Sustainability Advocate.

The Latest SPAC News and Rumors: April 6, 2022

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

Latest SPAC News: Rezolve announces update to 2022 outlook, American Bank partners with Bakkt

Rezolve Now Expects $138 Million Improvement in 2022 Cash Burn Outlook, Maintains 2022 Revenue Assumption of $219 Million

Rezolve, a leader in mobile commerce and engagement, today announced an update to its 2022 outlook, with a substantial improvement in Adjusted EBITDA expected.

Zanite Acquisition Corp. (ZNTE) Adds $10M PIPE to Eve Deal

Zanite (NASDAQ:ZNTE) announced this afternoon that it has added $10 million to its PIPE for its combination with electric vertical take-off and landing vehicle (eVTOL) manufacturer, Eve.

Zanite amended the subscription agreement yesterday with a direct wholly-owned subsidiary of Embraer (EAH) pursuant to which EAH purchased an additional 1,000,000 shares for $10 million. 

The Latest SPAC News and Rumors: April 5, 2022

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

Latest SPAC News: Citi temporarily pauses new SPAC issuances, eCombustible Energy receives $11.2M investment, and Rubicon announces multi-year extension agreement with Tuesday Morning

Citi to Pause New SPAC Issuances as SEC Signals Crackdown

Citigroup Inc. is

The Latest SPAC News and Rumors: April 4, 2022

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

Latest SPAC News: DWAC slides after key executives quit, FinAccel spends $200M for Indonesia digital banking push, and Hertz buys 65,000 EVs from Polestar

Trump-Tied Social Media SPAC Slides After Key Executives Quit

Shares of the shell company taking Donald Trump’s media venture public extended their selloff after a report that a pair of key executives resigned and Elon Musk bought a sizable stake in social media competitor Twitter Inc.

The Latest SPAC News and Rumors: April 1, 2022

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

Latest SPAC News: Trump Social SPAC sinks as downloads slump 95%, SPAC seizes on SEC’s proposed rules to fight investor suit, and France’s InVivo plans retail tie-up

SPAC Tied to Trump’s Social Media Venture Sinks as Downloads Slump 95%

Shares of the blank-check firm bringing Donald Trump’s media venture public are sinking with daily downloads for the former president’s social media app declining 95% since launching last month.

Helix (HLXA) Shareholders Approve Moonlake Immunotherapeutics Deal

Helix Acquisition Corp.  (NASDAQ:HLXA) announced this afternoon that its shareholders have voted to approve its combination with biotech firm Moonlake.

At today’s special meeting, a total of 12,048,085, or approximately 81%, of Helix’s issued and outstanding ordinary shares were present. 

Poema Global (PPGH) Shareholders Approve Gogoro Deal

Poema Global (NASDAQ:PPGH) announced this afternoon that its shareholders have voted to approve its combination with two-wheeled EV battery charging network Gogoro.

The SPAC announced yesterday morning that it expected to close its combination, but shareholders still have until 5 pm ET tomorrow, April 1 to withdraw their redemption decisions.