Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: VinFast posts deeper loss in Q1, LanzaJet and LanzaTech selected by Air New Zealand to undertake sustainability study, and Abacus Life continues to expand market share
VinFast posts deeper loss in Q1, eyes July completion of SPAC merger
Vietnamese electric vehicle (EV) maker VinFast has reported a drop in first-quarter revenue by 49%, with a net loss deepening to $598 million in the first full reporting period since it started exporting to the United States.
VinFast made the disclosure in a filing late on Thursday with U.S. securities regulators as it looks to complete a merger with a blank-check company next month that will value the automaker at $23 billion.
The automaker, which had filed earlier for a U.S. initial public offering, announced last month it would go public through a merger with special purpose acquisition company Black Spade Acquisition Co.
LanzaJet And LanzaTech Selected By Air New Zealand and New Zealand Government to Undertake Study for Domestic Sustainable Aviation Fuel Production in New Zealand
LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, LanzaTech Global, Inc. (Nasdaq: LNZA), an innovative carbon capture and utilization (“CCU”) company that transforms waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products that people use in their daily lives, today announced they have been selected by Air New Zealand and the New Zealand Ministry for Business, Innovation, and Employment (MBIE) to support the second stage of a study to determine commercial viability and sustainability of domestic sustainable aviation fuel (SAF) production in New Zealand.
READAbacus Life Continues to Expand Market Share in Life Settlement Payouts
Abacus Settlements, LLC (d/b/a Abacus Life) and Longevity Market Assets, LLC, a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, announced today that according to financial publication The Deal, the Company continued to expand its market share in the life settlement industry and remained a leader in life settlement payouts in 2022, bringing premier value to its clients. The Deal report evaluates life settlement providers based on the number of policies purchased and value.
As previously announced on August 30, 2022, Abacus entered into a definitive business combination agreement with East Resources Acquisition Company (NASDAQ: ERES).
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A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...