Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Foris Ventures backs Complete Solaria and Rigetti Computing to lay off 28% of staff
John Doerr to Back Solar Company Ahead of Merger With Thiam’s SPAC
The investment firm of John Doerr, the billionaire chairman of Kleiner Perkins, will put $10 million into Complete Solaria, the solar company that’s merging with the blank-check vehicle started by Tidjane Thiam, a former CEO at Credit Suisse Group AG.
Last October, Freedom Acquisition I Corp. (NYSE:FACT), a special purpose acquisition company set up by Thiam, agreed to combine with solar startup Complete Solaria. Complete Solar Solution Inc. and Solaria merged into Complete Solaria as part of the deal, which is expected to close in the first half.
READQuantum computing Rigetti Computing to lay off 28% of staff, replace CFO & CTO
Hybrid quantum-classical computing company Rigetti Computing (NASDAQ:RGTI) plans to lay off 28 percent of its staff, and replace its CFO and CTO.
The company faces a possible delisting from the Nasdaq stock exchange over the low value of its stock, and has until July 24 to maintain a $1 stock price for 10 consecutive days.
Rigetti went public in March 2022 via a SPAC merger with Supernova Partners Acquisition Company II, Ltd. Its stock reached a high of around $8.81 in May 2022 and has been trending downwards since.
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Trailblazer Merger Corporation I priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TBMCU” Wednesday, March 29, 2023. The SPAC intends to focus its search on companies operating in the technology industry in the following segments: cloud as a service, supply chain technologies, servicing the hybrid workforce...
Alpine (NYSE:REVE) announced this afternoon that it has again adjourned its special meeting to complete its transaction with experiential entertainment company Two Bit Circus. The SPAC originally intended to hold its special meeting on February 24, but has adjourned it four times since then. Alpine now expects to reconvene the meeting on March 30 at 12:00 p.m....
Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned its extension vote today and will reconvene the special meeting at 10:30 am ET on March 30. At the upcoming meeting, the SPAC hopes to gain shareholder approval to extend its completion deadline from April 4, 2023, to October 4, 2023. Home Plate announced a $214 million business combination with...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Ares considers raising $400M for new SPAC and electric air mobility division of AIRO and Kernel Group sign MOU with Blade India Ares Considers New $400 Million SPAC Despite Market Lull Ares Management Corp....
DiamondHead Holding Corps. (NASDAQ:DHHC) announced in an 8-K this morning that it has entered into subscription agreements with lock-up investors and PIPE investors in connection to its business combination with Great Southern Homes. Although the deal was approved by shareholders during a meeting last Thursday, the parties are still working to raise funds to meet...