Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Amprius Technologies files for 5 GWh production facility, and Drilling Tools International announces distribution agreement with CT Energy for RotoSteer
Silicon anode battery producer files for 5 GWh production facility in Colorado
Amprius Technologies has signed a letter of intent to build a 775,000 square foot battery manufacturing facility capable of producing 5 GWh of silicon anode-based lithium-ion batteries in the coming years.
In May 2022, the company announced plans to list as a public company through a SPAC merger with Kensington Capital Acquisition Corp.(NYSE:KCGI), which closed in September 2022 valued at $939 million.
READDrilling Tools International Announces Distribution Agreement with CT Energy Services for RotoSteer
Drilling Tools International, a leading oilfield services company that rents downhole drilling tools, and CT Energy Services, an innovative drilling tool solutions company for the global oil and gas market, today announced DTI as the exclusive US distributor of CT Energy’s RotoSteer™. The two companies will cooperate to maximize the effective launch of the technology in the US, Canada, and other International locations.
On February 14, 2023, DTI announced an agreement for a business combination with ROC Energy Acquisition Corp. (Nasdaq: ROC), which is expected to result in DTI becoming a public company listed on the Nasdaq under the new ticker symbol “DTI” in the second quarter of 2023.
READX-energy to Open First Plant Support Center for Xe-100 Advanced Small Modular Reactor Fleet
X-Energy Reactor Company, LLC, a leading developer of advanced modular nuclear reactors and fuel technology for clean energy generation, today announced plans for its first Xe-100 reactor fleet management, monitoring, and training facility in Frederick, Maryland. Called the Plant Support Center-East (PSCE), this regional center marks the first step in X-energy’s Commercial Operations Services business and will support the initial deployment of the Company’s advanced modular reactor plants.
As previously announced on December 6, 2022, X-energy entered into a definitive business combination agreement with Ares Acquisition Corporation (NYSE: AAC).
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Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...