The Latest SPAC News and Rumors: March 31, 2022

Mar 31, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Sarcos acquires RE2 Robotics, British insurance duo unveil SPAC in London, and SomaLogic sees record sales in 2021

Sarcos Acquires RE2 Robotics, Positions for Expansion

Sarcos Technology and Robotics Corporation (NASDAQ: STRC and STRCW) announced that the Company has reached a definitive merger agreement to acquire Pittsburgh-based RE2, Inc.

Redwoods Acquisition Corp. (RWODU) Prices $100M IPO

Mar 31, 2022 IPOs by Marlena Haddad

Redwoods Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RWODU” Thursday, March 31.

The new SPAC intends to focus on the carbon neutral and energy storage industries with an enterprise value of approximately $250 million to $1 billion.

Artemis Strategic (ARTE) to Combine with Novibet in $696M Deal

Mar 30, 2022 INTEL by Marlena Haddad

Artemis Strategic Investment Corp. (NASDAQ:ARTE) has entered into a definitive agreement to acquire global gaming company Logflex MT Holding Limited, doing business as Novibet, at an enterprise valuation of $696 million. The UK-based firm currently operates iGaming and online sports betting across four regulated European markets: Greece, Ireland, Italy, and Malta. The combined company is
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New SPAC: A SPAC II to Identify Proptech and Fintech Targets

Mar 30, 2022 INTEL, New S-1 Filings by Marlena Haddad

We’re bringing back a blast from the past – when the market wasn’t IPO’ing dozens of new SPAC per month – by featuring interesting new SPACs that have just filed. A SPAC II Acquisition Corp. (NASDAQ:ASCBU) filed its S-1 Monday evening for an offering size of $185 million, just a little over a month after
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The Latest SPAC News and Rumors: March 30, 2022

Mar 30, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: SPACs face new threat from SEC, WeWork promotes CEO to chairman, and AMC eyes more strategic deals after stake in Hycroft

SPACs Face Fresh SEC Legal Threat for Overly Bullish Forecasts

SPAC sponsors who embellish projections about the companies they plan to take public face a new threat in a plan from the U.S.

Queen’s Gambit (GMBT) Shareholders Approve Swvl Deal

Mar 30, 2022 INTEL by Marlena Haddad

Queen’s Gambit Growth Capital (NASDAQ:GMBT) announced this morning that its shareholders have voted to approve its combination with mobility tech firm Swvl.

The SPAC announced its redemption results in a press release yesterday stating that 29,227,806 shares were redeemed, or approximately 84.72%, for a pro rata portion of the funds in the trust account.

Queen’s Gambit (GMBT) Announces Preliminary Redemption Results

Mar 29, 2022 INTEL by Marlena Haddad

Queen’s Gambit (NASDAQ:GMBT) announced its redemption results in connection with its business combination with mobility tech firm Swvl ahead of its shareholder vote tomorrow.

The SPAC saw 29,227,806 shares redeemed, or approximately 84.72%, for a pro rata portion of the funds in the trust account, but the shareholders have until 3:00 p.m.

The Latest SPAC News and Rumors: March 29, 2022

Mar 29, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Ginkgo Bioworks Q4 revenues quadruple, and Volta sees sharp drop after founders resign

Ginkgo Bioworks Reports Fourth Quarter and Full Year 2021 Financial Results

Ginkgo Bioworks Holdings, Inc.

New SPAC: Israel Acquisition Corp. Files to Acquire Tech Targets

Mar 28, 2022 INTEL, New S-1 Filings by Marlena Haddad

We’re bringing back a blast from the past – when the market wasn’t IPOing dozens of new SPAC per month – by featuring interesting new SPACs that have just filed. Israel Acquisition Corp. (NASDAQ:ISRLU) is one of ten companies that filed an S-1 in March thus far, incorporating several features that reflect the current SPAC
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Shareholder Votes This Week

Mar 28, 2022 INTEL by Marlena Haddad

We have five scheduled shareholder votes coming up this week. Tuscan Holdings Corp. II (NASDAQ:THCA) will be holding an extension vote tomorrow, while Ventoux CCM (NASDAQ:VTAQ), Queen’s Gambit (NASDAQ:GMBT), Helix (NASDAQ:HLXA), and Poema Global Holdings (NASDAQ:PPGH) look to close their combinations. Ventoux CCM intends to hold the completion vote on its $816.8M deal tomorrow. Its
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The Latest SPAC News and Rumors: March 28, 2022

Mar 28, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Swvl partners with Moove to rollout EV buses, and private equity firm PAG eyes $2B in Hong Kong IPO plan

Swvl and Moove Partner to Rollout EV Buses

Swvl, a global provider of transformative tech-enabled mass transit solutions, and Moove, the world’s first mobility fintech, today announced that they have entered into a partnership to scale Moove’s revenue-based vehicle financing model across the MENAP (Middle East, North Africa, and Pakistan) region, as well as expand vehicle classes to include electric buses.

American Acquisition Opportunity Inc. (AMAO) Adds FPA

Mar 25, 2022 INTEL by Marlena Haddad

American Acquisition Opportunity Inc. (NASDAQ:AMAO) announced redemption results this afternoon as well as its new forward purchase agreement with certain accredited investors.

On Monday, March 21, AMAO held a special meeting to vote on three proposals after adjourning its meeting held on March 18.

Highland Transcend Partners I Corp. (HTPA) Terminates Packable Deal

Mar 25, 2022 INTEL by Marlena Haddad

Highland Transcend Partners I Corp. (NYSE:HTPA) announced this afternoon that it has mutually terminated its combination with ecommerce service provider Packable.

As with other recent terminations, the parties cited “current unfavorable market conditions” as the cause of the breakup.

Gores Guggenheim (GGPI) Adds New PIPE to Polestar Deal

Mar 25, 2022 INTEL by Marlena Haddad

Gores Guggenheim (NASDAQ:GGPI) has added $27.2 million more to its PIPE for its deal with Swedish electric vehicle-maker (EV) Polestar.

As background, Gores Guggenheim arranged a $136 million new PIPE for the deal in December of 2021.

The Latest SPAC News and Rumors: March 25, 2022

Mar 25, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Momentus completes testing on Vigoride vehicle for inaugural mission

Momentus’ Vigoride Vehicle Completes Thermal Vacuum Testing

Momentus Inc.

The Latest SPAC News and Rumors: March 24, 2022

Mar 24, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Polestar 2 vehicle now available in US and Joby resumes flight testing of eVTOL aircraft

Polestar 2 Single Motor Electric Vehicle Now Available in United States

Polestar, the premium electric performance car maker, today announced inbound availability of the all-electric Polestar 2 Long range Single motor fastback in the United States.

RF Acquisition Corp. (RFACU) Prices $100M IPO

Mar 23, 2022 IPOs by Marlena Haddad

RF Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RFACU” Thursday, March 24.

The new SPAC intends to search globally for target companies within the Southeast Asian new economy sector or elsewhere.

Avista Public Acquisition Corp. II (AHPA) to Combine with Ligand Pharmaceuticals

Mar 23, 2022 INTEL by Marlena Haddad

Avista Public Acquisition Corp. II (NASDAQ:AHPA) has entered into a definitive agreement to acquire Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) to spin-off its antibody discovery business OmniAb, Inc. at a pre-money equity valuation of $850 million. The San-Diego based biopharmaceutical company is focused on developing technologies that help pharmaceutical companies discover medicine. Ligand’s OmniAb platform provides
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The Latest SPAC News and Rumors: March 23, 2022

Mar 23, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Forge Global soars first day of trading, and Firefly eyes SPAC deal

Blythe Masters SPAC Merger Sends Forge Global Stock Soaring

Forge Global Holdings Inc.

Mount Rainier Acquisition Corp (RNER) to Combine with HUB Security in $1.2B Deal

Mar 23, 2022 INTEL by Marlena Haddad

Mount Rainier (NASDAQ:RNER) has entered into a definitive agreement to acquire confidential computing developer HUB Cyber Security Israel at a pro forma enterprise value of approximately $1.28 billion. The Tel Aviv-based company, founded by veterans of Israeli intelligence units, develops and markets computing solutions and services that aim to disrupt cybersecurity for enterprises and governments
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Author: Marlena Haddad

Latest SPAC News: Sarcos acquires RE2 Robotics, British insurance duo unveil SPAC in London, and SomaLogic sees record sales in 2021

Sarcos Acquires RE2 Robotics, Positions for Expansion

Latest SPAC News: SPACs face new threat from SEC, WeWork promotes CEO to chairman, and AMC eyes more strategic deals after stake in Hycroft

SPACs Face Fresh SEC Legal Threat for Overly Bullish Forecasts

Latest SPAC News: Ginkgo Bioworks Q4 revenues quadruple, and Volta sees sharp drop after founders resign

Ginkgo Bioworks Reports Fourth Quarter and Full Year 2021 Financial Results

Latest SPAC News: Swvl partners with Moove to rollout EV buses, and private equity firm PAG eyes $2B in Hong Kong IPO plan

Swvl and Moove Partner to Rollout EV Buses

Latest SPAC News: Momentus completes testing on Vigoride vehicle for inaugural mission

Momentus’ Vigoride Vehicle Completes Thermal Vacuum Testing

Latest SPAC News: Polestar 2 vehicle now available in US and Joby resumes flight testing of eVTOL aircraft

Polestar 2 Single Motor Electric Vehicle Now Available in United States

Latest SPAC News: Forge Global soars first day of trading, and Firefly eyes SPAC deal

Blythe Masters SPAC Merger Sends Forge Global Stock Soaring