Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Wag! announces record 1Q results, Semantix launches new analytics feature, and Presto partners with Famous Dave’s
Wag! Announces Record First Quarter 2022 Results, Exceeds Initial Revenue and Adjusted EBITDA Guidance
Wag Labs, Inc., an American pet services marketplace company powering a mobile-first technology platform that enables on-demand and scheduled dog walking, training, and other pet care services, which recently announced it would become publicly traded through a merger with special purpose acquisition company, CHW Acquisition Corporation (Nasdaq: CHWA), today announced financial results for its first quarter ending March 31, 2022.
Gross bookings increased 141% to $17.5 million, compared to $7.3 million in the first quarter of 2021 while revenue increased 273% to $9.7 million, compared to $2.6 million in the first quarter of 2021.READ
Semantix Launches Analytics Chat
Semantix, Latin America’s first fully integrated data platform, announced today the availability of Semantix Analytics Chat, a new feature giving Semantix Data Platform users the ability to glean analytical insights into the performance of their business through easy-to-use chat functionality. The new capability is powered by Natural Language Processing (NLP) and instantly provides accurate and timely answers to commonly asked business questions.
Alpha Capital (NASDAQ:ASPC) entered into a definitive agreement to combine with data software platform Semantix in November 2021.READ
Famous Dave’s Partners With Presto to Deploy Next-Gen Pay-at-Table Technology, Boost Labor Productivity and Guest Experience
Presto, a leader in the restaurant hospitality technology industry, has been selected by Famous Dave’s, owned by BBQ Holdings (NASDAQ: BBQ), as the exclusive provider of its next generation pay-at-table solutions. Designed to provide a faster and more delightful guest experience, boost guest loyalty sign-ups and improve labor productivity, the Presto pay-at-table systems will roll-out to the corporate Famous Dave’s restaurants in the United States over the next few months.
On November 10, 2021, Presto announced the execution of a definitive merger agreement with Ventoux CCM Acquisition Corp. (NASDAQ: VTAQ) that will result in Presto becoming a publicly listed company.READ
Wallbox Inaugurates Its New Factory in Barcelona
The President of the Generalitat de Catalunya, Pere Aragonès, the Minister for Industry, Trade and Tourism, Reyes Maroto, and the Mayor of Barcelona, Ada Colau, inaugurated Wallbox’s new plant this morning, a leading provider of electric vehicle (EV) charging and energy management solutions, located in Barcelona’s Zona Franca.
Kensington Capital Acquisition Corp. II completed its combination with EV charging station provider Wallbox in September 2021.READ
Terms Tracker for the Week Ending March 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. While this week was relatively quiet on the filings front, we did see March’s second SPAC IPO price with Oak Woods Acquisition Corp’s $50 million...
Latest Non-Redemption Agreements: ExcelFin Acquisition Corp. ExcelFin Acquisition Corp. (XFIN) Adds Non-Redemption Agreement In connection with the special meeting of stockholders of ExcelFin Acquisition Corp. (NASDAQ:XFIN) to extend its completion deadline from April 25, 2023 to October 25, 2023, the company and its sponsor, ExcelFin SPAC LLC, entered into a non-redemption agreement with an unaffiliated third party....
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Momentus SPAC backers accused of deliberately engineering a catastrophic deal Momentus SPAC Backers Accused of Hiding Disastrous Deal’s Flaws A Momentus Inc. (NASDAQ:MNTS) investor sued backers of its blank-check merger with a shell company,...
DiamondHead Holdings Corp. (NASDAQ:DHHC) announced in an 8-K this morning that its shareholders approved its combination with Great Southern Homes at a special meeting March 23. Only 109,426 shares were redeemed in the connection with the vote, but DiamondHead has seen about 87% redemptions in total across all previous votes, leaving it with about $43.9...
Graf Acquisition Corp. IV (NYSE:GFOR) announced that it has signed a non-binding letter of intent to combine with clinical-stage biopharma company NKGen. This announcement is not a pure teaser as Graf IV is not facing an imminent extension vote and currently has until May 25 on its clock. It does, however, signal something of a...