The Latest SPAC News and Rumors: April 5, 2023
by Marlena Haddad on 2023-04-05 at 11:33am

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

Latest SPAC News: DWAC drops 8% amid Trump’s arraignment, and Avanseus announces version 6.0 of Augmented Operations platform


Trump SPAC Digital World drops amid former president’s arraignment, delayed 10-K filing

Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Donald Trump’s social media company and Truth Social app public, fell 8% as the former president was formally arraigned on charges related to alleged hush-money payments made during the 2016 presidential campaign.

Digital World also announced on Monday that it had to delay filing its 10-K for the year ended Dec. 31. DWAC expects to file its annual report within the 15 day grace period.

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Avanseus Announces Version 6.0 of its Augmented Operations Platform

Avanseus Pte. Ltd., a software company specializing in developing AI-based solutions driven by machine learning and cognitive computing, today announced version 6.0 of its AI-based, state-of-the-art Augmented Operations platform, which includes several enhancements to Avanseus Predictive Maintenance’s (“APM”) capabilities and introduced the Smart Asset Procurement application.

Avanseus and Fat Projects Acquisition Corp (Nasdaq:  FATP), a SPAC formed under the laws of the Cayman Islands (“FATP”), entered into a Business Combination Agreement dated August 26, 2022.

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The Latest SPAC News and Rumors: April 5, 2023
Recent Posts
by Nicholas Alan Clayton on 2025-07-01 at 7:51pm

Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....

by Nicholas Alan Clayton on 2025-07-01 at 7:47pm

Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....

by Nicholas Alan Clayton on 2025-07-01 at 7:19pm

1RT Acquisition Corp. (NASDAQ:ONCHU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ONCHU”, Wednesday, July 2, 2025. The new SPAC plans to target company in the digital asset ecosystem involved in the creation, storage, exchange or management of such assets, whether...

by Nicholas Alan Clayton on 2025-07-01 at 3:49pm

D. Boral ARC Acquisition II Corp. (NASDAQ:ARBCU) has filed for a $250 million SPAC to give underwriter D. Boral a second in-house SPAC to pursue deals with. The new SPAC offers investors a 1/2 warrant and an initial 18-month time frame to complete a deal. D. Boral II’s sponsor may automatically extend this once by...

by Nicholas Alan Clayton on 2025-07-01 at 11:33am

Ribbon (NASDAQ:RIBB) has entered into a definitive agreement to combine with Japanese biotech firm DRC Medicine at a pro forma equity value of $422 million. Tokyo-based DRC Medicine manufactures reusable anti-bacterial and anti-allergen wearables and aims to go deeper into the medical device and pharmaceutical space. Transaction Overview Ribbon is expected to provide $50.4 million...

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