Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bridgetown Holdings weighs merger with Circles.Life, Polestar eyes new funding after 1H sales double, and DayDayCook alters listing strategy
Thiel-Backed SPAC Weighs $2.5 Billion Circles.Life Deal
Bridgetown Holdings Ltd. (NASDAQ:BTWN), the US-listed blank-check company backed by billionaires Peter Thiel and Richard Li, is considering a potential merger with digital telecom services provider Circles.Life, according to people familiar with the matter.
The special purpose acquisition company is holding early talks with Singapore-based Circles.Life to explore a transaction, the people said, asking not to be identified because the matter is private. Bridgetown could seek a valuation for the combined entity of about $1.5 billion to $2.5 billion, the people said.READ
EV Maker Polestar Looking For New Funds After First-Half Sales Jump 125%
Electric-vehicle maker Polestar Automotive Holding (NASDAQ:PSNY) is weighing a range of options to finance its expansion after sales more than doubled in the first half of this year.
The Swedish company, which listed in New York in June through a merger with Gores Guggenheim, delivered 21,200 cars in the first six months of 2022, a 125% increase from the same period last year, the EV maker said Wednesday in a statement.READ
DayDayCook Alters Strategy to Achieve Nasdaq Listing; Announced New Funding Round ahead of IPO
DayDayCook (“DDC” or the “Company”), a leading content-driven meal solutions brand in China announces its decision to terminate its previously proposed merger with SPAC ACE Global acquisition corp. Instead, the company has decided to undertake its IPO on the Nasdaq.
In the meantime, the Company has made progress in growing its plant-based foods business, announcing a strategic partnership with Nestle China and OATLY. Both partnerships are expected to launch as early as the third quarter of this year with DDC incorporate OATLY products into innovative and convenient ready-to-cook meal kits.
DayDayCook also announced a pre-IPO funding round with participation from new investors Brinc and Esquel Ventures, alongside existing investor C Ventures backed by New World Development CEO Adrian Cheng.READ
Rezolve Launches SmartCodes Designed to Engage Consumers and Drive Instant Transactions
Rezolve, a leader in mobile commerce and engagement, today announced the launch of SmartCode, a new trigger built on Rezolve’s platform, designed to provide an efficient approach for merchants to engage consumers and drive instant transactions.
Extending the standard QR code, SmartCode enhances mobile engagement with ‘One click checkout’ for physical locations, providing advanced experiences in mobile engagement for both merchants and consumers. Typically, a QR code provides a way to interact with a fixed page, while SmartCodes transfer consumers to the merchant’s app where they can instantly interact with the product or directly place an order.
On December 17, 2021, Rezolve announced that it had entered into a definitive business combination agreement with Armada Acquisition Corp. I (NASDAQ: AACI), a publicly traded special purpose acquisition company.READ
Murphy Canyon Acquisition Corp. (NASDAQ:MURF) announced this afternoon that its stockholders voted in favor of the proposed business combination with Conduit Pharmaceuticals Limited (“Conduit”). Details on the vote, along with redemption numbers, have not been filed yet, but the Company expects the closing to occur as soon as practicable, subject to the satisfaction or waiver...
Latest SPAC Liquidations: Juniper II Corp. Juniper II Corp. (JUN) to Liquidate on October 10, 2023 Juniper II Corp. (NYSE: JUN), today announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock with such redemption anticipated to be effective as of October 10, 2023. The...
TradeUP (NASDAQ:UPTD) announced in an 8-K this afternoon that has entered into additional subscription agreements in connection with its combination with Estrella Biopharma. Under these subscription agreements, Plentiful Limited and Lianhe World Limited, collectively known as the “Investors”, agreed to each buy $5,000,000 worth of UPTD’s common stock, priced at $10.00 per share. However, if,...
Vahanna Tech Edge Acquisition I Corp. (NASDAQ:VHNA) has closed its combination with insuretech firm Roadzen and its shares and warrants will begin trading on the Nasdaq tomorrow, September 21, under the symbols “RDZN” and “RDZNW”. The SPAC secured shareholder approval for the deal about a month ago in an August 25 vote and it has...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Abu Dhabi royal-backed firms to merge in region’s first SPAC deal ADC Acquisition Corporation (ADC.AD), a blank-cheque company backed by a prominent Abu Dhabi royal, has agreed to acquire state investment fund ADQ’s United Printing & Publishing,...