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

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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.

The Latest SPAC News and Rumors: March 31, 2022

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.

The Latest SPAC News and Rumors: March 30, 2022

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

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

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.