Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: London’s New Energy One mulls Eni North Sea merger, Freightos partners with Wideroe, and SpaceMobile confirms 4G capabilities to smartphones from space
London-listed SPAC New Energy One in talks about Eni North Sea merger
A London-listed vehicle advised by Amber Rudd, the former home secretary, is in talks to merge with a portfolio of carbon capture and storage (CCS) projects part-owned by Eni, the Italian energy giant.
Sky News has learned that New Energy One Acquisition Corporation (LON:NEOA) is in advanced discussions about a combination with the Bacton and HyNet projects, which together will be capable of storing 20 million tons of carbon annually by 2030.
READWideroe, a Leader in Emission Reduction, to Expand its Digital Offerings with eBookings on WebCargo
Wideroe, the innovative Nordic airline, announced today a new partnership with WebCargo by Freightos (NASDAQ: CRGO) to deliver real-time rates, capacity and eBookings on the cargo booking platform, reaching 3,500+ forwarders across 10,000 offices globally. Forwarders now have access to air cargo shipments from Norway, Denmark, and the United Kingdom through Wideroe’s unique network. With WebCargo, Wideroe stands ahead of the curve in digitization for regional carriers, delivering world-class digital freight pricing and booking services.
READAST SpaceMobile Confirms 4G Capabilities to Everyday Smartphones Directly From Space
AST SpaceMobile (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, announced it has achieved repeated successful download speeds above 10 Mbps during testing of BlueWalker 3. Space-based cellular communications at 4G speeds using unmodified smartphones is another world first telecommunications achievement by AST SpaceMobile.
SpaceMobile completed its business combination with New Providence in April 2021.
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Plum Acquisition Corp. I (NASDAQ:PLMI) has entered into a definitive agreement to combine with digital transformation company Veea for a total enterprise value of approximately $281 million. New York City-based Veea aims to simplify secure edge computing by improving application responsiveness, reducing bandwidth and data transport costs, and eliminating central cloud dependency. The parties expect the transaction to be...
L Catterton Asia (NASDAQ:LCAA) announced this morning that it has upsized the committed financing in its combination with EV sports car maker Lotus to $870 million in total. The latest fuel injection comes in the form of $750 million in convertible notes and PIPE commitments under so far undisclosed terms. Counted purely as a PIPE,...
At the SPAC of Dawn SPAC closing timelines can always be somewhat unpredictable, but PROOF I (NYSE:PACI) has the opportunity today to vie for a recent speed record today. It announced a combination with private aviation firm Volato 118 days ago on August 2 and its shareholders are set to vote to approve the combination...
Dune Acquisition Corporation (NASDAQ:DUNE) announced in an 8-K today that it has once again modified its agreement with sustainable energy firm Global Hydrogen. This amendment marks a reduction in Global Hydrogen’s equity value from $48 million to $43 million, alongside an increase in the available shares of common stock that is for the Global Gas Corporation...
At the SPAC of Dawn After mixed signals for the consumer sector earlier this month, initial Black Friday sales numbers have shown that Americans were not too stuffed for a shopping spree this year. Shoppers bagged between $9.8 billion and $10 billion in goods online, depending on one’s preferred source, either of which would be...