The Latest SPAC News and Rumors: May 3, 2022

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

Latest SPAC News: Shenzhen State Fuel Cell Corp. eyes $1B SPAC deal, Facebook billionaire Eduardo Saverin’s B Capital halts SPAC plans, and Dune’s board of directors changes recommendation to against combination with TradeZero

Chinese Fuel Cell Maker Eyeing SPAC Deal for $1B US Listing

A Chinese provider of hydrogen used in fuel cell vehicles is considering a Nasdaq debut early next year via a SPAC merger that would land it a $1 billion valuation after listing.

The Latest SPAC News and Rumors: May 2, 2022

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

Latest SPAC News: Nikola secures $200M convertible senior notes investment, Innoviz jumps after pact with undisclosed carmaker, and Terran Orbital ships GeoOptics satellites 

Nikola Announces $200 Million Convertible Senior Notes Investment

Nikola Corporation (NASDAQ: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, today announced that an institutional investor has agreed to make a $200 million investment in Nikola through the purchase of Convertible Senior Notes.

The Latest SPAC News and Rumors: April 29, 2022

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

Latest SPAC News: DWAC jumps after Trump posts on Truth Social, and Eve provides business updates 

Stock of SPAC Buying Truth Social Jumps After Trump Posts for First Time in Months

Shares of Digital World Acquisition Corp.

Spring Valley (SV) Shareholders Approve NuScale Deal

SV (NASDAQ:SV) announced this afternoon that its shareholders have voted to approve its combination with nuclear power provider NuScale Power in a special meeting held today.

The SPAC announced its redemption results yesterday, disclosing that shareholders elected to redeem an aggregate of 8,619,631 shares, or approximately 37.477% of the outstanding ordinary shares. 

The Latest SPAC News and Rumors: April 28, 2022

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

Latest SPAC News: Dubai’s Averda plans IPO after ditching SPAC talks, Truth Social back on top of Apple’s App Store, and springbig partners with Tymber

Dubai’s Averda Explores IPO After Ditching SPAC Merger Talks

Averda is exploring an initial public offering in Saudi Arabia or the United Arab Emirates, according to people familiar with the matter, the latest firm seeking to join a wave of listings in the Persian Gulf.

The Latest SPAC News and Rumors: April 27, 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 second SPAC deal on hold, and Harley-Davidson delivers first quarter results

Hong Kong’s Second SPAC Deal Put on Hold, Source Says, Clouding Prospects

A blank-check firm backed by VMS Asset Management has paused plans to go public in Hong Kong due to highly volatile markets, clouding Hong Kong prospects for SPACs.

Archimedes Tech SPAC (ATSPT) Shareholders Approve SoundHound Deal

Archimedes Tech  (NASDAQ:ATSPT) announced this morning that its shareholders have voted to approve its combination with voice AI firm SoundHound in a special meeting held yesterday.

The press release gave limited details on the transaction, including redemptions, but ATSPT traded below its trust value throughout its redemption deadline on Friday, April 22.

Spring Valley (SV) Announces Preliminary Redemption Results

Spring Valley Acquisition Corporation (NASDAQ:SV) announced its redemption results in connection with its business combination with nuclear power provider NuScale Power ahead of its shareholder vote tomorrow.

Spring Valley shareholders elected to redeem an aggregate of 8,619,631 shares, or approximately 37.477% of the outstanding ordinary shares.

The Latest SPAC News and Rumors: April 26, 2022

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

Latest SPAC News: SPACs draw Kenya’s interest, Trump’s Truth Social falls 9% following Twitter’s deal with Musk, and Ripplewood launches Amsterdam SPAC listing

SPACs Draw Kenya’s Interest Just as Industry Goes Cold in U.S.

The Latest SPAC News and Rumors: April 25, 2022

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

Latest SPAC News: Bed Bath & Beyond draws interest from Tailwind SPAC, Swvl buys Turkish transit firm, and crypto platform investors sue SPAC execs over accounting

Bed Bath & Beyond Stock Jumps on Report Company Received Bids for BuyBuy Baby Unit

Bed Bath & Beyond’s (NASDAQ:BBY) shares jumped Friday on news that the company is considering offers to buy its BuyBuy Baby business.

Crescent Term Kicks in and Starry (STRY) Adjusts Warrant Exercise Price

Starry Group Holdings (NYSE:STRY) announced this morning that it will be reducing the warrant exercise price and adjusting the redemption trigger price as a result of the Crescent Term being triggered.

BOA (BOAS) Secures $147.5M for Selina Deal

BOA Acquisition Corp. (NYSE:BOAS) has added $147.5 million in convertible note financing to its combination with hospitality brand Selina.

Although the press release does not disclose who the additional financing is from, Sam Khazary, Selina Senior Vice President and Global Head of Corporate Development, thanked Oppenheimer & Co.

ITHAX (ITHX) Upsizes PIPE for Mondee Deal

ITHAX Acquisition Corp. (NASDAQ:ITHX) announced this morning it has secured an additional $20 million in funding for a total PIPE size of approximately $70 million to finance its combination with technology-first travel marketplace company Mondee.