Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Cilo Cybin wins Malaysian backer in new listing bid, Spectral MD receives $4M grant from Medical Technology Enterprise Consortium and Lifezone Metals launches off-take marketing process
South African Cannabis Firm Wins Malaysian Backer in New Listing Bid
Five months after pulling a planned initial public offering South African medical cannabis company Cilo Cybin Holdings Ltd. plans to try again — this time with the backing of Malaysian biotechnology firm ALPS Global Holding Bhd.
ALPS Global will underwrite a Cilo Cybin special purpose acquisition company, or SPAC, with 54 million rand ($3 million) and take a majority stake in the Pretoria-based company with the aim of listing it in Johannesburg by mid-year.
READSpectral MD Holdings, Ltd. $4 Million Grant Award from the Medical Technology Enterprise Consortium
Spectral MD Holdings, Ltd. (AIM: SMD) an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, announces today that it has received a $4 million award from the Medical Technology Enterprise Consortium (MTEC). The MTEC is a 501(c)(3) biomedical consortium collaborating with the U.S. Army Medical Material Development Activity (USAMMDA). This award will provide non-dilutive funding to support military battlefield burn evaluation via a handheld DeepView®, DeepView SnapShot M.
As announced on April 11, 2023, Spectral MD Holdings has entered into a business combination agreement to combine with Rosecliff Acquisition Corp I (Nasdaq: RCLF), a special purpose acquisition company listed on Nasdaq.
READLifezone Metals launches off-take marketing process for nickel, copper and cobalt from the Kabanga nickel project
Lifezone Holdings Limited has previously announced entry into a Business Combination Agreement with GoGreen Investments Corporation (NYSE: GOGN), a publicly traded company on the NYSE. Today, Lifezone Metals is pleased to announce that it has commenced an off-take marketing process with respect to the nickel, copper and cobalt from the Kabanga nickel project (the “Kabanga Project”), which Lifezone Metals believes comprises one of the world’s largest and highest-grade nickel sulfide deposits.
Lifezone Metals announced on December 13, 2022 a business combination agreement with GoGreen Investments Corporation (NYSE: GOGN).
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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...