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.
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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.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Momentus Inc.
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Emerging Markets Horizon Corp. (NASDAQ:HORI) has announced management changes to avoid being caught up in the sanctions against Russia.
The SPAC had formerly been partially sponsored by VTB Bank, one of several Russian banks sanctioned by the US and others.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies set to see increased demand among companies standing to benefit in a new US-UK trade deal.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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.
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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.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Forge Global Holdings Inc.
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This week, we speak with James C. Foster, CEO of cybersecurity firm, ZeroFox.
ZeroFox entered into a $1.3 billion dollar combination agreement with L&F Acquisition Corporation in December.
We discuss how the Russia-Ukraine war has ushered in a new era for cybersecurity and what types of companies face the biggest threats in this new environment.
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Tailwind Two Acquisition Corp. (NYSE:TWNT) announced this afternoon that its shareholders have voted to approve its combination with satellite-maker Terran Orbital.
The SPAC also announced that it is allowing shareholders to withdraw their redemption requests until this Thursday, March 24 at 3:00 p.m.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SoFi Technologies, Inc.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
D-Orbit, the space logistics and orbital transportation company, announced today the upcoming launch of SPACELUST, the fifth mission using the Company’s proprietary ION Satellite Carrier (ION), a flexible and cost-effective orbital transfer vehicle (OTV) spacecraft designed both to precisely deploy satellites and perform technology demonstrations of third-party payloads in orbit.
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Poema (NASDAQ:PPGH) has added $10 million more to its PIPE for EV charging company Gogoro, bringing total PIPE proceeds to $295 million.
The new cash comes as the two companies hit the home stretch in completing the deal.
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