Fortune Rise (NASDAQ:FRLA) has entered into a definitive agreement to combine with crypto mining business VCV Digital Technology at an enterprise value of $294 million, or 2.4x its 2023E EBITDA. New York City-based VCV Digital provides computing infrastructure for crypto and Web3 networks and it plans a major expansion of bitcoin mines on its platform
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A SPAC II Acquisition Corp. priced its $185 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ASCBU” Tuesday, May 3, 2022.
The new SPAC intends to focus on high-growth industries that apply cutting-edge technologies, such as Proptech and Fintech, with a preference for companies that promote environmental, social, and governance principles.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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.
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Tuatara Capital Acquisition Corp. (NASDAQ:TCAC) has announced a second re-striking of its combination with cannabis software company springbig, this time shaving the company’s pro forma enterprise value by 8.3% and adding additional equity funding mechanisms.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Shares of Digital World Acquisition Corp.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies developing ghost kitchen business models. We look at why they are compelling and why each could be a fit for a blank-check merger.
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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.
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This afternoon, Pershing Square SPARC Holdings, which is the affiliate of Pershing Square Tontine Holdings (NYSE: PSTH), put out a press release stating they intend to withdraw their proposed amendment to the New York Stock Exchanges listing rules that would have allowed SPARC warrants, or “SPARs”, to trade on the NYSE.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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.
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Mallard (NASDAQ:MACU) announced this morning that it plans to begin liquidating its trust on April 29, after facing high redemptions connected with its April 25 vote to extend its transaction deadline to October 29.
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Chenghe Acquisition Co. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CHEAU” Thursday, April 28, 2022.
The new SPAC intends to focus on financial technology or technology-enabled financial service companies, including artificial intelligence, big data, cloud and blockchain-related initiatives in Asian markets.
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ClimateRock priced its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CLRCU” Thursday, April 28, 2022.
The new SPAC intends to acquire a target within the sustainable energy industry in the Organization for Economic Co-operation and Development (“OECD”) countries, including climate change, environment, renewable energy and emerging, clean technologies.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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.
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