Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: IonQ to build new manufacturing plant, DWAC falls on report that Trump plans to return to social media, and Jupiter Wellness redeemable digital coupons now available for shareholders
Quantum computer firm IonQ to build Bothell manufacturing plant
Quantum computing company IonQ (NYSE:IONQ) is opening a new manufacturing facility in Bothell, dubbing the Seattle area its North American production headquarters on its quest to develop a new kind of computer.
Researchers promise quantum computers will offer revolutionary increases in computing power that will open new possibilities — some that we can’t yet imagine — from accelerating the development of artificial intelligence to offering new solutions to help fight climate change.
IonQ, a 200-person company, went public through a special purpose acquisition company in October 2021.
READTrump SPAC DWAC falls on report ex-President plans return to social media
Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Trump’s social media company and Truth Social app public, dropped 4%on a report that the former President plans to return to social media platforms such as Twitter.
Donald Trump since late last year has told several people that he doesn’t want to renew an 18-month exclusivity agreement with Truth Social that expires in June, according to a Rolling Stone report on Sunday. The ex-President currently has an agreement that requires him to wait six hours before posting to other social media after he posts on Truth Social.
Digital World (DWAC) shares have plunged 84% since hitting highs in early March as the SPAC has dealt with several regulatory investigations and continued delays on its deal to merge with Trump’s media company.
READJupiter Wellness Redeemable Digital Coupons Now Available for all Shareholders of Record to Claim
Jupiter Wellness Inc (Nasdaq:JUPW) announced their redeemable digital coupons are now available for shareholders of record to claim on Upstream’s trading app. Upon a successful claim, shareholders may redeem the digital coupon for a gift package of company products valued at over $179 or trade the digital coupon with other fans globally on Upstream to bring new potential customers into the community. This news follows Jupiter Wellness’s recent listing on Upstream on January 10, 2023.
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Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...
At the SPAC of Dawn Futures sit slightly red as investors return from holidays of barbecues and fireworks to renewed concerns about where US President Donald Trump’s tariff policy might hamper trade. The latest shift produced a further one-month delay in most of the tariffs Trump has threatened to impose as his administration continues to...
Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
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...