Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Vinfast to list in the U.S. in August following SEC approval and Redwire wins $12.9 million NASA award
Vietnam EV maker VinFast to list in the U.S. in August after regulator nod
Vietnamese electric vehicle maker VinFast said on Friday it is planning to list in the United States next month via a blank-check company after the SEC gave the go ahead to its proposed business combination.
VinFast, a unit of Vietnam’s biggest conglomerate Vingroup, announced in May it would go public through a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co (NYSE:BSAQ).
READRedwire Selected for $12.9 Million NASA Award to Develop Trailblazing Systems to Build Landing Pads, Roads, and other Forms of Infrastructure on the Moon
Redwire (NYSE: RDW) has won a $12.9 million NASA Tipping Point award to produce a prototype of technology capable of building landing pads, roads, and foundations of habitats on the Moon using lunar materials. The technology will use a microwave emitter to heat and solidify regolith (lunar dust and crushed rock) to construct infrastructure. Redwire’s partners in the project include Astrobotic, Lockheed Martin Space, Lambda Technologies, Colorado School of Mines, and the University of Central Florida.
Redwire completed its business combination with Genesis Park in September 2021.
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At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...