The Latest SPAC News and Rumors: August 8, 2023
by Marlena Haddad on 2023-08-08 at 11:35am

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

Latest SPAC News: Bitdeer completes mining facility in Bhutan and SEC ends investigation into Better.com


Bitdeer Completes Mining Facility in Bhutan

The bitcoin mining firm Bitdeer Technologies (NASDAQ: BTDR) founded by Jihan Wu has completed the construction of a mining facility in Bhutan and is making progress with its operations.

Jihan Wu is a prominent figure in the cryptocurrency space and co-founder of Bitmain, a major manufacturer of cryptocurrency mining hardware.

Bitdeer successfully made its debut on Nasdaq in April through a merger with a special purpose acquisition company (SPAC), boasting a valuation of $1.18 billion.

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SEC ends investigation into Better.com, which continues to bleed cash ahead of planned SPAC vote

The U.S. Securities and Exchange Commission (SEC) said it does not intend to recommend an enforcement action against digital mortgage lender Better.com. The pronouncement comes after an investigation on the part of the SEC to determine if violations of federal securities laws had occurred.

Last July, the SEC began looking into whether Better.com had violated federal securities laws, requesting documents from both the company and SPAC partner Aurora Acquisition Corp. (NASDAQ:AURC) about their business activities.

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by Nicholas Alan Clayton on 2023-09-26 at 5:45pm

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by Kristi Marvin on 2023-09-26 at 5:41pm

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by Nicholas Alan Clayton on 2023-09-26 at 3:54pm

Welsbach Technology Metals Acquisition Corp. (NASDAQ: WTMA) announced in an 8-K this afternoon that it is postponing its extension vote one day to 2 pm ET September 29. The SPAC would not be able to postpone it much further as its current transaction deadline falls on a Saturday the next day, September 30. At the...

by Nicholas Alan Clayton on 2023-09-26 at 2:26pm

Global Lights Acquisition Corp. (NASDAQ:GLAC) rolled out an S-1 on Friday, to become the 21st SPAC to file in 2023. This keeps the recent pace with two new SPACs filing to list in each of the past three months so far. Three out of the last four of those have also sought to raise $60...

by Nicholas Alan Clayton on 2023-09-26 at 11:39am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Terran Orbital Closes 432.5 Million Public Offering Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), which combined with Tailwind Two in March 2022, today announced the closing of its previously announced public offering of 23,214,290...

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