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).
Considerations for Creating Shareholder Value in a Volatile Market Join us for a virtual panel on December 14, 2022 The current trends of rising interest rates and inflationary cost increases, among other things, have imposed downward pressures on publicly traded equity prices, especially for businesses that became publicly traded via a de-SPAC merger. Please...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Virgin Galactic appoints new top lawyer, Trump Media SPAC rises after investors approve merger deadline extension, and Al Maadeed to be first Qatari to list company on NYSE Virgin Galactic, Preparing for Liftoff,...
PMV Consumer (OTC PINK:PMVC) announced that it is redeeming all non-insider public shares for approximately $10.09 per share, but it will not be dissolving just yet. The SPAC is set to provide written redemption notices to each shareholder and trust proceeds are to be distributed within 30 days of these notices. PMV Consumer will then...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Ex-Marvel chief takes the wheel at Arrival, Paysafe plans reverse stock split, and Dave Inc. to pursue a bank charter Founder of troubled electric van maker Arrival steps aside as CEO The founder...
Digital World (NASDAQ:DWAC) announced late Wednesday that its shareholders have approved amending its charter to allow for automatic three-month extensions of its transaction deadline until September 8, 2023. This brings to close a long drama during which Digital World adjourned the vote without concluding business six times at different meetings in September, October and November....