Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Grove Collaborative announces first quarter 2022 results
Grove Collaborative Announces Fiscal First Quarter 2022 Financial Results and Provides Updated Guidance
Grove Collaborative, Inc., a certified B Corp and leading sustainable consumer products company, today reported financial results for its fiscal first quarter ended March 31, 2022.
Highlights include net revenue of $90.5 million, down 11% year-over-year and gross margin of 47.2%, down 380 basis points year-over-year. Additionally, the company saw a net loss margin of (52.4)%, as compared to (37.1)% in the first quarter of 2021.
Grove and Virgin Group Acquisition Corp. II (NYSE: VGII), a publicly traded SPAC sponsored by Virgin Group, previously announced that they entered into a definitive business combination agreement that will result in Grove becoming a public company.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. JSE reviewing listing requirements with aim to simplify them The Johannesburg Stock Exchange will be reviewing all its listings requirements with the objective of further simplifying its requirements, as part of its ongoing efforts to create an...
Nabors Energy Transition Corp. (NYSE:NETC) announced this morning that Vast has added an equity commitment of up to $10 million to its combination with concentrated solar power producer Vast. The new commitment comes at $10.20 per share from the Canberra Airport Group and half of it is to come up front at close. A further...
M3-Brigade III (NYSE:MBSC) announced this morning that it has closed its combination with Canadian energy producer Greenfire and the combined company is expected to trade on the NYSE under the symbol “GFR” later today. Concurrent with close, Greenfire also issued $300 million in new senior secured notes at a 2% discount, priced at $980 per...
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...