Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Jupiter Wellness secures foundational patent, SMX and Continental release second application for natural rubber, and Falcon’s Beyond announces robust fan engagement
Jupiter Wellness Secures Foundational Patent Marking Milestone in Pursuit of Global Hair Loss Market
SMX and Continental Release Second Application for Natural Rubber
SMX (Security Matters) plc (NASDAQ: SMX) is pleased to announce that, continuing its collaboration with Continental, they are enabling automotive companies the ability to identify and verify ethical sourcing of natural rubber and to demonstrate a higher level of responsibility and certification of premium natural rubber products, which SMX believes can enable a smarter rubber sorting and recycling capability.
READFalcon’s Beyond Announces Robust Fan Engagement with Recently Launched Roblox Experience, BEYONDLAND
Following the recent opening of Katmandu Park | Punta Cana, the Caribbean’s first world-class theme park, Falcon’s Beyond a leading fully integrated global entertainment development company specializing in intellectual property (IP) creation and expansion, today revealed robust growth numbers for its recently launched BEYONDLAND™ on Roblox.
The experience, which marks Falcon’s debut as a developer on the Roblox global online platform, has attracted more than two million visits since its official launch in March. In addition, BEYONDLAND has an impressive 93% positive approval rating and has reached over 196,000 players in a single day.
Last year, Falcon’s Beyond announced plans to become a publicly listed company through a definitive merger agreement with FAST Acquisition Corp. II (“FAST II”) (NYSE: FZT), a special purpose acquisition company founded by Doug Jacob and headed by Sandy Beall.
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Rice II (NYSE: RONI) announced in an 8-K today that its shareholders have approved its combination with energy technology company NET Power with relatively low redemptions. In the end, 21,195,224 shares were redeemed in connection vote, removing 61% of Rice II’s trust. This is the second best result among the 32 deals that have come...
Trajectory Alpha (NYSE:TCOA) announced in an 8-K this morning that it has opted to postpone its June 8 extension vote to June 12 at 10 am ET. The SPAC will use this extra time to engage with shareholders at work to reverse redemption decisions. Trajectory Alpha’s team may still be getting acquainted with some major...
Tracking SPACs and all of their various types of “corporate actions” can be challenging. After all, a SPAC can postpone, adjourn, extend, complete, liquidate early, do a tender offer, and in some cases, one SPAC do all of those actions within its lifespan. Naturally, this can be challenging to manage. More importantly, it can very...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Byju skips payment on dollar loan and HNR affirms intent to purchase equity interests of Pogo Resources High-Flying Indian Startup Byju’s Skips Payment on Dollar Loan One of India’s best-known startups has skipped payment...
Avalon Acquisition Inc. (NASDAQ:AVAC) announced in an 8-K this morning that it has entered into a prepaid forward purchase agreement with RiverNorth SPAC Arbitrage Fund, the purchaser, as it works to close its combination with financial services firm The Beneficient Company, or Ben. As part of the agreement, RiverNorth agreed to effect certain purchases of shares...