Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Gogoro in talks to merge with Poema, Grab cuts projections for 2021, and Planet expands contract with NASA
Taiwanese Startup Gogoro in Merger Talks With Poema SPAC
Gogoro, a Taiwanese startup that specializes in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings Corp. (NASDAQ:PPGH).
The deal is set to value the combined company at $1 billion or more, and an announcement could come as soon as this week, according to Bloomberg.
READGrab Cuts Full-Year Outlook on Worsening Virus Outbreak
Grab Holdings Inc., Southeast Asia’s ride-hailing and delivery giant, cut projections for 2021 as the region is battling one of the world’s worst Covid-19 outbreaks due to the fast-spreading delta variant.
The Singapore-based company, which is set to go public in the U.S. through a deal with Altimeter Growth Corp. (NASDAQ:AGC), expects full-year adjusted net sales of $2.1 billion to $2.2 billion. That compares with $2.3 billion it forecast in an investor presentation in April.
Grab also expects full-year gross merchandise value of $15 billion to $15.5 billion, compared with an earlier projection of $16.7 billion.
READPlanet Expands Contract With NASA to Provide Data to All U.S. Federal Civilian Agencies Researchers
Planet, a leading provider of daily data and insights about Earth, today announced that the Company has been awarded another contract by NASA under their Commercial SmallSat Data Acquisition (CSDA) Program.
This contract grants all U.S. Federal Civilian scientific researchers and National Science Foundation funded researchers, including contractors and grantees, access to Planet data until September 2022.
Planet recently entered into a definitive merger agreement with dMY Technology Group, Inc. IV (NYSE:DMYQ).
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Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...
M3-Brigade V (NASDAQ:MBAV) has entered into a definitive agreement to combine with crypto treasury firm ReserveOne, assembling about $1 billion in equity funding. ReserveOne is setting up a diversified Bitcoin and digital asset treasury with a portion of its investments going towards blockchain infrastructure and venture raises. The combined company is expected to trade on...
At the SPAC of Dawn As the SPAC market has warmed in 2025, only 21 of the 70 SPACs (30%) that have IPO’d thus far have overfunded their trusts to draw in investors and none of these funded to more than 101%. By contrast, 87% of 2023 SPACs were overfunded – some to as high...
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...