Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: D-Orbit signs contract with European Space Agency and Polestar begins delivering on EV partnership with Hertz
D-Orbit Signs Contract with the European Space Agency (ESA) for the Improvement of Production Capabilities Related to Space Transportation
D-Orbit, the space logistics and transportation company that is going public through a transaction with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ), has signed a €1,950,343 (approximately $2 million) contract with the European Space Agency (ESA) under BOOST, the Agency’s Commercial Space Transportation Services and Support to Member States Programme. The sum represents 80% of the total budget of the activities to be carried out in the frame of the contract.
Through this contract ESA will provide funding for the development of an improved production system by introducing lean manufacturing principles and testing that will enable D-Orbit to increase the performance and responsiveness of its proprietary orbital transfer vehicle (OTV) ION Satellite Carrier (ION), while driving down the cost.
READPolestar begins delivering on 65,000 electric vehicle partnership with Hertz
Polestar, the Swedish electric performance car manufacturer, has begun delivering new Polestar 2 electric cars to Hertz as part of the agreement announced in April 2022, under which Polestar will supply the global car rental giant with 65,000 cars over the next five years.
Polestar intends to list on the Nasdaq in a proposed business combination with Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW, and GGPIU), which is expected to close in June 2022.
READAn In-Depth Look at SPAC Activity Throughout the Third Quarter of 2023 Below is a summary of the year-to-date SPAC performance. We’re now three-quarters of the way through 2023 and while activity remains muted, there is a sense that SPACs have run the most difficult part of the “correction” gauntlet and have reached a better...
Terms Tracker for the Week Ending September 29, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As September comes to a close, SPACs did not price any IPOs during the month with the most recent IPO (99 Acquisition Group) having priced...
Athena Consumer Acquisition Corp. (NYSE:ACAQ) announced this afternoon that its stockholders approved its combination with German EV-maker e.GO at a special meeting held earlier today. Additionally, Athena Consumer’s warrant proposal to convert all outstanding warrants to 0.175 shares in the combined company was also approved. A total of 884,880 shares of Athena Class A Common...
October is set to be a quiet month for lock-up expirations with only four de-SPACs and four sponsors now open to trade their shares for the first time. The first customer is Bitdeer Technologies. Its shareholders and the Blue Safari sponsor both stand to gain the most out of this group from moving some of...
Graf Acquisition Corp. IV (NYSE:GFOR) announced in an 8-K this afternoon that its shareholders approved its combination with NKGen Biotech at a special meeting September 25. A total of 3,386,528 shares were redeemed in connection with the vote, leaving Graf IV with about $27.6 million in the tank and a final redemption rate of 84.3%....