Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC tumbles after Kanye says he wants Trump to join Parler, Mill Creek Entertainment announces licensing deal with The Nacelle Company, and f’real partners with Footprint
Kanye Says He Wants Trump to Join Parler —Sending Trump’s Truth Social SPAC Tumbling
Controversial rapper Kanye West, the prospective new owner of right-wing social media platform Parler, vowed Monday to break bread with Donald Trump by inviting the fellow billionaire onto his site, while shares of the company aiming to take Trump’s competing Truth Social app public cratered.
Shares of Digital World Acquisition Corp. (NASDAQ:DWAC), the special purpose acquisition company with turbulent plans to merge with Truth Social’s parent Trump Media and Technology Group, fell 8% to $16.11 Monday as a new brash billionaire threw his hat into the conservative social media ring.
READAlliance Entertainment’s Mill Creek Entertainment Announces Licensing Deal with The Nacelle Company
Mill Creek Entertainment, a division of Alliance Entertainment Holding Corporation, today announced it has signed a licensing deal with production company and distributor The Nacelle Company, LLC.
The Nacelle Company offers an impressive catalog of feature and documentary films. Through this partnership, Mill Creek Entertainment will distribute their content into the physical marketplace.
On June 23, 2022, Alliance Entertainment announced that it will become publicly listed through a merger transaction with Adara Acquisition Corp. (NYSE: ADRA), a publicly traded special purpose acquisition company.
READf’real and Footprint Announce Partnership to Co-create Plastic-Free Cup
Footprint, a global materials science technology company focused on creating a healthy planet, today announced a partnership with f’real foods, the purveyors of on-the-go, blend-it-yourself (BIY) shakes and smoothies, under which the companies will leverage Footprint’s fiber-based solutions to develop a sustainable replacement for f’real’s signature dairy cup.
This follows the announcement of Footprint’s intention to list on the NASDAQ in a proposed business combination with Gores Holdings VIII, Inc. (Nasdaq: GIIXU).
READGetaround and KAYAK Enter Strategic Partnership, Bring Contactless Carsharing to Travelers
Getaround, the world’s leading digital peer-to-peer carsharing marketplace, and KAYAK, the world’s leading travel search engine and the first and only travel metasearch to offer peer-to-peer car sharing options in the U.S., announced today a new strategic partnership that integrates Getaround’s market-leading on-demand, contactless carsharing offerings with KAYAK’s platforms and services.
On May 11, 2022, Getaround announced its entry into a definitive business combination agreement with InterPrivate II Acquisition Corp. (NYSE: IPVA).
At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...