The Latest SPAC News and Rumors: August 27, 2021
by Marlena Haddad on 2021-08-27 at 11:48am

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

Latest SPAC News: Lucid investors could be forced to endure windfall, and Aurora says its next generation hardware kit will debut later this year


Lucid’s SPAC Investors Could Be Forced to Endure a Windfall

With Lucid (NASDAQ:LCID) hovering around $21.70, investors could almost double their money. However, the catch is that if Lucid closes above $18 for 20 of 30 trading days — a hurdle cleared as of this week — it can demand that public holders use the warrants right now.

This means investors would lose their risk-free chance to reap huge benefits from the EV revolution if things work out, and anyone who refuses would see their warrants effectively wiped out.

On top of that, investors have to come up with fresh cash to exercise the warrants, with Lucid getting about half a billion dollars. Adding some insult to injury, insiders who hold their own series of private warrants wouldn’t necessarily have to turn them in.

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Aurora Closes in On Production Version of Self-Driving Truck Technology

Mountain View, California-based Aurora Innovations (NASDAQ:RTPY) says its new hardware kit Fusion will debut in commercial pilots this year and will lay the foundation for the production version and launch of the trucking and ride-hailing business.

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The Latest SPAC News and Rumors: August 27, 2021
Recent Posts
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Indigo Acquisition Corp. (NASDAQ:INACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “INACU”, Tuesday, July 1, 2025. The new SPAC plans to combine with an established, profitable company whose growth potential can benefit from its team’s expertise. Indigo’s management team is...

by Nicholas Alan Clayton on 2025-06-30 at 3:49pm

After a quiet June, July is set to be active throughout the month with nine de-SPACs and sponsors coming unlocked from their trading restrictions. This timing is most fortuitous for insurance investor Abacus Life (NASDAQ:ABL) and East Resources, which took it public in 2023, as it is the best performer of this group of companies...

by Nicholas Alan Clayton on 2025-06-30 at 1:15pm

Pyrophyte II (NYSE:PAII.U) has filed for a $175 million SPAC to dig for a natural resources target while the team’s first deal remains pending. The new SPAC is offering investors 1/2 warrants in each unit and it will have 24 months to complete a business combination without asking shareholders for an extension. It is the...

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