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The Latest SPAC News and Rumors: August 23, 2021


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

Latest SPAC News: Rocket Lab’s spacecraft confirmed for mission to Mars and CompoSecure partners with Gemini to manufacture new crypto credit card


Rocket Lab Spacecraft Confirmed for Mars as NASA Greenlights ESCAPADE Small Satellite Interplanetary Mission

Rocket Lab, a global leader in dedicated launch and space systems, today announced it will begin final mission design and manufacture to supply two interplanetary Photon spacecraft for a science mission to Mars, delivering Decadal-class science at a fraction of the cost of typical planetary missions.

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Vector Acquisition Corp. (VACQ) Shareholders Approve Rocket Lab Deal

Vector Acquisition Corp. (NASDAQ:VACQ) announced in a press release today that its shareholders approved its combination with space service provider Rocket Lab in a meeting held earlier this morning. Vector also announced that holders of less than 3% of its shares were redeemed in connection with the proposed merger, making it the best vote of
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The Latest SPAC News and Rumors: August 20, 2021


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

Latest SPAC News: Ackman Proposes to return SPAC funds; Ouster in talks to acquire lidar rival Sense Photonics


Bill Ackman Proposes to Return $4 Billion to SPAC Investors If New Vehicle Is Approved

Bill Ackman proposed to return $4 billion he raised from investors through his SPAC if he gets regulatory approval to launch a new vehicle, saying a lawsuit filed earlier this week has had an impact on his ability to strike a deal.

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Spring Valley (SV) Postpones Shareholder Vote

Spring Valley Acquisition Corp. (NASDAQ:SV) has postponed its special meeting to vote to approve its combination with vertical farming venture AeroFarms. The meeting, which was originally supposed to be held today, August 20th, is now scheduled to take place on Monday August 30th at 10:00 am. The release did not disclose much information aside from
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The Latest SPAC News and Rumors: August 19, 2021


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

Latest SPAC News: Singapore Exchange considers lowering market cap requirements for SPACs, and Aurora releases tool to gauge safety of self-driving systems


Singapore Exchange Mulls Lower Market Cap Requirement for SPAC Listings

SGX (Singapore Exchange) is reportedly considering lowering the minimum market cap requirement for SPACs  seeking to list in Singapore.

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Kismet Acquisition One Corp. (KSMT) Shareholders Approve Nexters Global Deal

Kismet Acquisition One Corp. (NASDAQ:KSMT) shareholders approved its combination with mobile game developer Nexters Global in a special meeting yesterday. The SPAC did not include details on redemptions in its press release or initial 8-K, but Kismet was in danger seeing as it has been trading below $10 since April and opened the day of
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LIV Capital Acquisition Corp. (LIVK) Shareholders Approve AgileThought Deal

LIV Capital Acquisition Corp. (NASDAQ:LIVK) announced in an 8-K filing today that its shareholders approved its combination with software consulting firm AgileThought in a meeting held earlier this morning. The filing reported that 7,483,431 shares were redeemed in connection to the vote, which equates to a whopping 92.96% of its trust. Just last week, on August
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AJAX I (AJAX) Shareholders Approve Cazoo Deal

AJAX I Corp. (NYSE:AJAX) announced in a press release today that its shareholders approved its combination with online car retailer Cazoo in a meeting held earlier today. AJAX pre-announced its redemption numbers yesterday in an 8-K filing where it disclosed an aggregate of 58,202,742 shares were redeemed, removing approximately $582 million from its trust with
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NextGen Acquisition Corp. (NGAC) Shareholders Approve Xos Deal

NextGen Acquisition Corp. (NASDAQ:NGAC) announced in an 8-K filing today that its shareholders approved its combination with electric vehicle (EV) maker Xos in a meeting held earlier this morning. The filing disclosed that 29,886,116 shares were redeemed in connection to the vote, which equates to 79.7% of the trust. Despite the heavy redemption figures, NGAC
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The Latest SPAC News and Rumors: August 17, 2021


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

Latest SPAC News: Bill Ackman’s SPAC gets sued, Forbes Media in talks to merge with Magnum Opus, and BlackSky awarded contract for geospatial imagery


Bill Ackman SPAC Sued, Plaintiffs Say Sponsors Got “Staggering Compensation”

Bill Ackman’s troubled SPAC Pershing Square Tontine Holdings was hit with a lawsuit this morning that alleged the blank-check company awarded “staggering compensation” to its sponsors, and asked that the entity’s special status be revoked.

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AJAX I (AJAX) Pre-Announces Heavy Redemptions With Cazoo

AJAX I Corp. (NYSE:AJAX) pre-announced its redemption amounts this morning in an 8-K filing ahead of its shareholder meeting tomorrow to vote on its combination with online car retailer Cazoo. The 8-K filing disclosed that shareholders of AJAX I redeemed an aggregate of 58,202,742 shares, removing approximately $582 million from its trust with approximately $223
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CF Finance Acquisition Corp. III (CFAC) Shareholders Approve AEye Deal

CF Finance Acquisition Corp. III (NASDAQ:CFAC) announced in a press release today that its shareholders approved its combination with lidar-maker AEye in a meeting held on August 12. Present at the meeting were holders of 23,371,990 shares of the company’s common stock, representing approximately 79.9% of the voting power.  The 8-K filing disclosed that 19,355,365
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RMG Acquisition Corp. II (RMGB) Shareholders Approve ReNew Power Deal

RMG Acquisition Corporation II  (NASDAQ:RMGB) announced in a press release followed by an 8-K filing today that its shareholders approved its combination with Indian renewable energy producer ReNew Power Private Ltd. in a meeting held earlier this morning. The 8-K disclosed that RMG II’s shareholders redeemed an aggregate of 23,613,034 shares of RMG II, or
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NavSight Holdings, Inc. (NSH) Shareholders Approve Spire Global Deal

NavSight Holdings, Inc.  (NYSE:NSH) announced in a press release today that it completed its combination with space-based data provider Spire Global in a meeting held this morning. The press release did not disclose redemption figures, but stated the business combination is expected to provide Spire with approximately $265 million in cash proceeds through the merger,
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The Latest SPAC News and Rumors: August 13, 2021


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

Latest SPAC News: Weed supplier HERBL is in talks to merge with BGP Acquisition and Cargill partners with vertical farming pioneer AeroFarms 


California Weed Supplier HERBL in Talks To Go Public Via SPAC Merger

California weed supplier HERBL is in talks to go public by merging with blank check company BGP Acquisition, at a valuation of about $600 million, Reuters said, one of several U.S.

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