Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DraftKings and Kindbridge Research Institute advance veterans-focused gaming research, and Cvent announces new independent board members
DraftKings and Kindbridge Research Institute Advance Veterans-Focused Responsible Gaming Research
DraftKings Inc. (Nasdaq: DKNG) today announced a multi-year financial commitment to Kindbridge Research Institute (KRI) for a new research program to study the nexus of veterans and responsible gaming, with the ultimate goal of advancing evidence-based research in this area and improving the lives of impacted veterans.
DraftKings is the only U.S.-based operator contributing to this project and, as a result of DraftKings’ contribution, KRI will be able to launch the 50x4Vets program, which relies on a three-pronged approach and will include funding research at veterans-focused gaming treatment centers across the country.
Diamond Eagle initially announced its combination with DraftKings back in December of 2019.
READCvent Announces New Independent Board Members for Post-Merger Company
Cvent Inc. (“Cvent”), a market-leading meetings, events, and hospitality technology provider today announced two new Independent Board members who are expected to join its Board of Directors following the completion of the previously announced business combination with Dragoneer Growth Opportunities Corp. II (Nasdaq: DGNS), which is expected to close on December 8, 2021.
The newly appointed Independent Board members will include Chief Financial Officer of Squarespace, Marcela Martin; and former CFO of Cloudera, Jim Frankola, who will be Audit Committee Chairman.
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Blue Room Acquisition Corp. (NASDAQ:IBLUU) submitted its S-1 filing this morning for a $200 million IPO. The new SPAC has set its sights on targets in the financial sector, ranging in market value between $250 million and $500 million, and primarily situated in the U.S. Its primary objective is to identify an innovative company leveraging...
Perception Capital Corp IV (NYSE:RCFA) has entered into a definitive agreement to combine with mining firm Blue Gold for $114.5 million in equity consideration. London-based Blue Gold has been developed as a platform to acquire gold mining assets in Ghana. The combined company is expected to trade on the NYSE once the deal is completed...
Zalatoris II Acquisition Corp.(NASDAQ: ZLS) has entered into a definitive agreement to combine with modular construction company Eco Modular at an enterprise value of $600 million. Dublin, Ireland-based Eco Modular uses modular construction techniques that allows it to build ecologically clean and sustainable buildings while saving energy and time. The combined company is expected to trade...
This week, we speak with iLearningEngine’s CEO Harish Chidambaran and Matt Safaii, Chairman and CEO of Arrowroot Acquisition Corp. (Nasdaq: ARRW). The two announced a $1.4 billion deal in April. AI may be the major buzzword of 2023, but iLearningEngines has been working on AI tools since 2010. Now, it hopes to use a SPAC transaction as its next step....
At the SPAC of Dawn SPACs continue to love EVs, but the Biden administration is throwing cold water on at least some of the party as the US will no longer offer a $7,500 tax credit for EV purchases if their battery was produced in China. This only affects some EV de-SPACs, but it would...