The Growth for Good Acquisition Corp. (GFGD) Adjourns Completion Vote to Sept. 8

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The Latest SPAC News and Rumors: September 5, 2023


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

Latest SPAC News: Rumble stock rises after CEO says he won’t sell shares when lock-up period ends, One Energy announces commercial operation of digital substation, and Singapore Exchange becomes first major bourse in Asia to allow SPAC listings


Rumble stock rises after CEO Chris Pavlovski says he won’t sell any shares when the lock-up period ends

Shares of Rumble Inc.

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Mars Acquisition Corp. (MARX) to Combine with ScanTech Identification Beam Systems in $150M Deal

Mars Acquisition Corp. (NASDAQ:MARX) has entered into a definitive agreement to combine with ScanTech at a pro forma enterprise value of $149.5 million. Atlanta-based ScanTech produces security scanning equipment for airports and other secure zones. The combined company is expected to trade on the Nasdaq under the symbol “STAI” once the deal is completed in
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The Latest SPAC News and Rumors: August 31, 2023


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

Latest SPAC News: Polestar posts $304M loss amid delays, Starry emerges from bankruptcy with new growth goals, and Oklo selected to provide clean power to Air Force Base


Polestar Posts $304 Million Loss Amid Delays, Competition

Polestar Automotive Holding (NASDAQ:PSNY) posted another operating loss in the second quarter as the electric-vehicle maker struggled with software delays and intensifying competition.

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HNR Acquisition Corp. (HNRA) Re-Strikes Pogo Resources Deal

HNR Acquisition Corp. (NYSE:HNRA) announced this afternoon that it has reworked its combination with oil developer Pogo Resources to purchase all of the equity interests of the target.

The SPAC amended the membership interest purchase agreement to revise the purchase price to an aggregate amount of $63 million in cash plus two million shares of a new class of Class B Common Stock, which have no economic rights, and two million units in the company’s newly-formed subsidiary, HNRA Upstream, LLC, which are exchangeable for two million shares of newly created Class A Common Stock.

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Fusion Acquisition Corp. II (FSNB) Signs LOI with Hyperloop Transportation

Fusion Acquisition Corp. II (NYSE:FSNB) announced this morning that it has signed a non-binding letter-of-intent (LOI) to combine with transportation technology company Hyperloop Transportation Technologies for, so far, undisclosed terms.

The news comes within teasing distance of Fusion II’s extension vote scheduled for 11 am ET this morning.

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