Below is a daily summary of links to theca latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bullish obtains regulatory license in Gibraltar, and Ackman will need new law to beat lawsuit, investor says
Bullish Goes Live With Institutional Customers After Obtaining Regulatory License in Gibraltar
Bullish, a blockchain-based cryptocurrency exchange, today announced the initial launch of its platform to select institutional customers, following the receipt of a distributed ledger technology license from the Gibraltar Financial Services Commission (GFSC).
The invitation-only launch marked a “go live” for exchange software and operations, including customer onboarding. The inaugural batch of institutions is paving the way for a full launch which is expected to also welcome retail customers.
Far Peak Acquisition Corp. (NYSE:FPAC) initially announced its combination with Bullish on July 9.
READAckman SPAC Will Need New Law to Beat Lawsuit, Investor Says
Bill Ackman’s Pershing Square Tontine Holdings Ltd. (NYSE:PSTH) will need to make a new law to defeat investors’ claims that it’s operating illegally, George Assad, who sued the SPAC, said in a court filing Monday.
Assad asked the judge to deny Ackman’s request that the suit be thrown out.
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Blue Room Acquisition Corp. (NASDAQ:IBLUU) submitted its S-1 filing this morning for a $200 million IPO. The new SPAC has set its sights on targets in the financial sector, ranging in market value between $250 million and $500 million, and primarily situated in the U.S. Its primary objective is to identify an innovative company leveraging...
Perception Capital Corp IV (NYSE:RCFA) has entered into a definitive agreement to combine with mining firm Blue Gold for $114.5 million in equity consideration. London-based Blue Gold has been developed as a platform to acquire gold mining assets in Ghana. The combined company is expected to trade on the NYSE once the deal is completed...
Zalatoris II Acquisition Corp.(NASDAQ: ZLS) has entered into a definitive agreement to combine with modular construction company Eco Modular at an enterprise value of $600 million. Dublin, Ireland-based Eco Modular uses modular construction techniques that allows it to build ecologically clean and sustainable buildings while saving energy and time. The combined company is expected to trade...
This week, we speak with iLearningEngine’s CEO Harish Chidambaran and Matt Safaii, Chairman and CEO of Arrowroot Acquisition Corp. (Nasdaq: ARRW). The two announced a $1.4 billion deal in April. AI may be the major buzzword of 2023, but iLearningEngines has been working on AI tools since 2010. Now, it hopes to use a SPAC transaction as its next step....
At the SPAC of Dawn SPACs continue to love EVs, but the Biden administration is throwing cold water on at least some of the party as the US will no longer offer a $7,500 tax credit for EV purchases if their battery was produced in China. This only affects some EV de-SPACs, but it would...