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.
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...