Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Nikola taps former GM vice chairman to serve as CEO, and Jet.AI announces commercial and private aviation carbon offset program
Nikola Hires GM Veteran for Top Role at Troubled EV Maker
Nikola Corp. is tapping a former General Motors Co. (NYSE:GM) vice chairman to serve as its chief executive officer, replacing the current CEO after less than a year of running the electric truck maker.
Steve Girsky, Nikola’s chairman, will take over as CEO of the troubled manufacturer that he helped take public three years ago. He replaces Michael Lohscheller, effective immediately, the company said Friday in a statement.
Nikola completed its business combination with VectoIQ Acquisition Corp. in 2020.
Jet.AI Announces Commercial and Private Aviation Carbon Offset Platform, DynoFlight
Jet Token Inc. (Reserved NASDAQ: JTAI, JTAIW), an innovative private aviation, artificial intelligence company, today announced the launch of DynoFlight, a carbon offset transaction platform built for both commercial and private aviation operators. The platform enables aviation businesses to offset their carbon emissions through the purchase of carbon removal credits that fund the direct extraction of carbon dioxide from the atmosphere.
Jet Token inked its $45 million deal with Oxbridge Acquisition Corp. (NASDAQ: OXAC) earlier this year in February.
Murphy Canyon Acquisition Corp. (NASDAQ:MURF) announced this afternoon that its stockholders voted in favor of the proposed business combination with Conduit Pharmaceuticals Limited (“Conduit”). Details on the vote, along with redemption numbers, have not been filed yet, but the Company expects the closing to occur as soon as practicable, subject to the satisfaction or waiver...
Latest SPAC Liquidations: Juniper II Corp. Juniper II Corp. (JUN) to Liquidate on October 10, 2023 Juniper II Corp. (NYSE: JUN), today announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock with such redemption anticipated to be effective as of October 10, 2023. The...
TradeUP (NASDAQ:UPTD) announced in an 8-K this afternoon that has entered into additional subscription agreements in connection with its combination with Estrella Biopharma. Under these subscription agreements, Plentiful Limited and Lianhe World Limited, collectively known as the “Investors”, agreed to each buy $5,000,000 worth of UPTD’s common stock, priced at $10.00 per share. However, if,...
Vahanna Tech Edge Acquisition I Corp. (NASDAQ:VHNA) has closed its combination with insuretech firm Roadzen and its shares and warrants will begin trading on the Nasdaq tomorrow, September 21, under the symbols “RDZN” and “RDZNW”. The SPAC secured shareholder approval for the deal about a month ago in an August 25 vote and it has...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Abu Dhabi royal-backed firms to merge in region’s first SPAC deal ADC Acquisition Corporation (ADC.AD), a blank-cheque company backed by a prominent Abu Dhabi royal, has agreed to acquire state investment fund ADQ’s United Printing & Publishing,...