Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Nikola secures $200M convertible senior notes investment, Innoviz jumps after pact with undisclosed carmaker, and Terran Orbital ships GeoOptics satellites
Nikola Announces $200 Million Convertible Senior Notes Investment
Nikola Corporation (NASDAQ: NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, today announced that an institutional investor has agreed to make a $200 million investment in Nikola through the purchase of Convertible Senior Notes.
Funds advised by Antara Capital LP have agreed to purchase $200 million aggregate amount of 8.00% / 11.00% Convertible Senior Notes due 2026. The Notes will bear interest at a rate of 8.00% if paid in cash, or at a rate of 11.00% through the issuance of additional Notes, at the Company’s election.
READLidar Startup Innoviz Jumps After Pact With Undisclosed Carmaker
Shares of Innoviz Technologies Ltd. (NASDAQ:INVZ), an Israeli lidar startup that went public last year in a reverse merger, jumped the most in five months after it said it won a production contract from one of the world’s largest carmakers.
The deal is poised to add $4 billion to Innoviz’s order book, according to a statement Monday. The sensor manufacturer didn’t disclose the name of the company, saying that it would “elaborate further” on the pact during a May 11 earnings call.
Innoviz initially announced its combination with Collective Growth Corp. in December 2020.
READTerran Orbital Ships Two GeoOptics Satellites to Cape Canaveral for Integration Ahead of SpaceX’s Transporter-5 Mission
Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States aerospace and defense industry, today announced it shipped two next-generation satellites from GeoOptics, a global leader in remote Earth observation. Terran shipped the vehicles to Cape Canaveral for launch on SpaceX’s Transporter-5 mission.
The spacecraft are the first phase of GeoOptics’s CICERO-2 constellation, which form a unified Earth observatory allowing governments, industry, and individual stakeholders to monitor and prepare for the many impacts of climate change.
READGogoro Releases 2021 Full Year Financial Results
Gogoro® Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced its full year 2021 financial results.
For the year ended 2021, Gogoro reported Revenue of $366.0 million, exceeding guidance by $39.0 million (+11.9%) and up $1.9 million (0.5%) from the previous year.
The Company accumulated over 450,000 subscribers in Taiwan as of December 31, 2021, up 23.5% from the previous year.
READMANSCAPED Brings “Big Groomed Energy” to NYC with Complete Takeover of Penn and PATH Stations
The leading men’s lifestyle consumer brand and male grooming category creator, MANSCAPED™, today debuted its latest out-of-home campaign all about B.G.E., or Big Groomed Energy. A play on “BDE,” and with a similar notion of the viral catchphrase, MANSCAPED’s coined BGE is all about the unspoken confidence associated with personal grooming, an underlying mission for the high-growth global grooming disruptor.
On November 23, 2021, MANSCAPED announced its entry into a definitive business combination agreement with Bright Lights Acquisition Corp. (Nasdaq: BLTS).
READHUB Security Ltd. Announces Board and Management Changes in View to its Expected Merger With a NASDAQ-Listed SPAC
HUB Cyber Security (Israel) Limited (TASE: HUB), a Tel-Aviv based developer of Confidential Computing cybersecurity solutions and services announces that following previous public disclosures by the company regarding the conclusion of a merger agreement with the Nasdaq-listed Mount Rainier Acquisition Corp. SPAC (NASDAQ: RNER), and the submission of registration documents to the SEC, the Company will perform certain executive personnel changes to better prepare the corporate structure, governance, and professional skillset for its expected listing on NASDAQ.
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Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....