Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: FaZe Clan announces partnership with McDonald’s USA, Transfix integrates with e2open, and Nikola announces leadership changes
FaZe Clan Announces Partnership Renewal With McDonald’s USA
FaZe Holdings Inc. (Nasdaq: FAZE), the lifestyle and media platform rooted in gaming and youth culture, announced today the renewal of its partnership with McDonald’s USA. The partnership, which began last year, will continue to focus on innovative ways to connect with the next generation of gamers and will advance successful campaigns from the past year while launching new initiatives.
To kick off the renewed partnership, FaZe Clan and McDonald’s will have a presence at PAX West this weekend, a gaming convention in Seattle, WA. McDonald’s will be hosting activities for fans at their booth, including a meet-and-greet with FaZe talent, and sponsoring a showcase that gives FaZe talent the opportunity to preview and play new and soon-to-be-released games at the convention.
B. Riley Principal 150 Merger Corp. completed its combination with sports media platform FaZe Clan last month on July 15.
Transfix Integrates with e2open Transportation Management System to Offer Shippers Real-Time and Spot Market Rates
Transfix, Inc., the Intelligent Freight Platform™, today announced new API connectivity with e2open’s global multi-modal Transportation Management System, providing shippers with easy automated access to dynamic market rates and capacity.
As announced on September 21, 2021, Transfix has entered into a definitive business combination agreement, as subsequently amended, with G Squared Ascend I Inc. (NYSE: GSQD), a SPAC sponsored by affiliates of G Squared, that is expected to result in Transfix becoming a publicly listed company.READ
Nikola Announces Leadership Changes, Moves Ahead With Acquisition of Romeo Power
Zero-emission transportation company Nikola Corp. (Nasdaq: NKLA) made two significant announcements concerning the company’s overall direction.
Nikola on Aug. 30 said two leadership changes have been made effective immediately, and a day earlier announced it has commenced an exchange offer to purchase all outstanding shares of common stock of energy-storage technology company Romeo Power Inc.
The company is splitting its Energy and Commercial division; Pablo Koziner, currently president of Energy and Commercial, now is president of Commercial. Carey Mendes, who runs the Global Energy Finance division, has been named president of Energy. Koziner and Mendes will report to President Michael Lohscheller, who also will become CEO on Jan. 1.
According to Bloomberg News, Nikola’s acquisition of Romeo is for just a sliver of what the battery maker was worth when it merged with VectoIQ Acquisition Corp. less than two years ago.READ
Rumble’s Subscription Product ‘Locals’ Launches Article Publishing Feature
Rumble, the video-sharing platform, announced that its subscription-based community platform, Locals, has launched an article publishing feature.
The new feature will enable creators to customize their online publications using a comprehensive toolbar. In addition to allowing creators to format their publications with headers, hyperlinks, quotes, and images, Locals integrates this feature with its existing subscription model. Creators can switch an article to “supporter only” at any point, meaning that only paying subscribers can access the remainder of the article.
The company announced in December 2021 the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI).READ
Truth Social Provides Update On Its Effort to Enter the Google Play Store
TMTG stated that it has continuously worked in good faith with Google to ensure that the Truth Social Android App complies with Google’s policies without compromising our promise to be a haven for free speech. As our users know, Truth Social is building a vibrant, family-friendly environment that works expeditiously to remove content that violates its Terms of Service – which independent observers have noted are among the most robust in the industry.READ
Terms Tracker for the Week Ending February 3, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The month of February started with an IPO, thanks to the pricing of Cetus Capital Acquisition Corp (Nasdaq: CETU) which began trading on February 1....
Forest Road II (NYSE:FRXB) and 10X Capital Venture III (NYSE:VCXB) both announced this afternoon that they have mutually terminated their business combinations. Forest Road II intended to combine with transportation technology developer HyperloopTT, but the parties decided to nix the deal due to timing constraints along with unfavorable market conditions. Tom Staggs and Kevin Mayer, Co-CEOs and...
Intelligent Medicine Acquisition Corp. (NASDAQ:IQMD) and AMCI Acquisition Corp. II (Nasdaq: AMCI) announced this afternoon that they have adjourned their special meetings with shareholders. Intelligent Medicine originally scheduled its meeting to be held today, but is now postponing its vote until Wednesday, February 8. Stockholders may elect to redeem their shares by no later than...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Comcast dumps 18.5% of its BuzzFeed stock Comcast Dumps 6 Million Shares of Buzzfeed After Media Company Finally Gets a Bump Comcast dumped 18.5% of its BuzzFeed (NASDAQ:BZFD) stock in recent days, reducing its...
Viveon Health (NYSE:VHAQ) announced this morning that it is unilaterally terminating its combination with Suneva Medical “based upon material breaches” of the merger agreement. The SPAC did not elaborate further on its claims against Suneva, but noted it will continue on and seek a new business combination. Just last week, Viveon Health was working to...