Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: ELMS signs battery supply deal with CATL, Redbox enters into multiyear distribution deal with Lionsgate, and NextNav collaborates with Qualcomm
Commercial EV Startup ELMS Signs Battery Supply Deal with CATL
U.S. commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) (ELMS.O) on Thursday said it has signed a battery supply deal with China’s Contemporary Amperex Technology Co Ltd (CATL).
Financial terms of the deal, which runs through 2025, were not disclosed. CATL’s batteries power the Class 1 small delivery vehicle that ELMS began building last month at its plant in Mishawaka, Indiana.
ELMS entered into a definitive agreement to combine with Forum Merger III on December 11.
Redbox Enters Into Multiyear Distribution Deal for Lionsgate to Distribute Redbox Entertainment Originals and License AVOD Content
Global content leader Lionsgate (NYSE: LGF.A, LGF.B) and entertainment company Redbox today announced a multiyear distribution deal under which Lionsgate will handle distribution of Redbox Entertainment titles across home entertainment windows in addition to subscription video on demand (SVOD) licensing for select titles under the Redbox Entertainment brand.
Redbox recently announced a definitive agreement to combine with Seaport Global Acquisition Corp. (NASDAQ:SGAM).
READNextNav and Qualcomm Collaborate to Deliver Precise Vertical Location for E911 Emergency Services
NextNav, a leader in next generation GPS, today announced that it is collaborating with wireless technology innovator Qualcomm Technologies, Inc. to enable NextNav’s Pinnacle 911 z-axis software and network-based services for use with the Qualcomm Innovation Suite. This effort makes it easy for device and original equipment manufacturer (OEM) vendors to integrate z-axis capabilities into existing carrier infrastructure for 911 purposes.
In June 2021, NextNav entered into a definitive merger agreement with Spartacus Acquisition Corporation (NASDAQ: TMTS).
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Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...
At the SPAC of Dawn Futures sit slightly red as investors return from holidays of barbecues and fireworks to renewed concerns about where US President Donald Trump’s tariff policy might hamper trade. The latest shift produced a further one-month delay in most of the tariffs Trump has threatened to impose as his administration continues to...
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...