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The Latest SPAC News and Rumors: April 18, 2022
by Marlena Haddad on 2022-04-18 at 11:48am

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: New SPAC ETF plots Wall Street launch, Singapore SPAC plans merger with EUDA Health, and SeatGeek announces record fourth quarter


New SPAC ETF Plots Wall Street Launch Even as the Market Craters

A new exchange-traded fund is on the way looking to tap the once red-hot SPAC market, even as investor enthusiasm for blank-check firms sputters and existing products stumble.

The actively managed RiverNorth SPAC Focus ETF would invest in SPACs before they merge with their targets, according to a filing with the Securities and Exchange Commission this week.

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SPAC Listing in US on the Cards for S’pore Digital Healthcare Platform EUDA

Singapore-based special purpose acquisition company 8i Acquisition 2 Corp is planning a business combination with home-grown digital healthcare platform EUDA Health.

EUDA, founded by Singapore doctor Kelvin Chen in 2017, uses its proprietary artificial intelligence-driven healthcare analytics platform to digitally connect patients, insurers, and medical professionals to optimize patient care.

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SeatGeek Announces Record Fourth Quarter and Fiscal 2021 Financial Results

SeatGeek, the tecology platform that is transforming the live-event experience for fans, teams, and venues, today announced record financial results for the fourth quarter and fiscal year ended December 31, 2021.

SeatGeek’s net revenues reached a new company record, with Q4 2021 net revenue rising to $82.5 million, up approximately 45% from $56.8 million in Q3 2021 and versus $4.8 million in Q4 2020, when most live events were suspended or cancelled due to the global COVID-19 pandemic. Gross profit of $47.6 million in Q4 2021 was also a company record, up approximately 34% from $35.4 million in Q3 2021.

As previously announced, SeatGeek entered into a Business Combination Agreement with RedBall Acquisition Corp., a publicly traded special purpose acquisition company (NYSE:RBAC).

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MSP Recovery Announces Significant Progress Towards Settlements and Strategic Alliance 

MSP Recovery, LLC, a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, which has previously announced a planned business combination with Lionheart Acquisition Corporation II (Nasdaq: LCAP), today announced significant progress toward securing recoveries from its portfolio of assigned claims, representing an estimated $364 billion in Paid Amount.

MSP Recovery is announcing new strategic alliances with leading law firms Milberg Coleman Bryson Phillips Grossman, PLLC and Rivero Mestre, LLP , who are each committing significant resources to litigating more reimbursement recovery cases for MSP Recovery.

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