The Latest SPAC News and Rumors: April 5, 2023
by Marlena Haddad on 2023-04-05 at 11:33am

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

Latest SPAC News: DWAC drops 8% amid Trump’s arraignment, and Avanseus announces version 6.0 of Augmented Operations platform


Trump SPAC Digital World drops amid former president’s arraignment, delayed 10-K filing

Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Donald Trump’s social media company and Truth Social app public, fell 8% as the former president was formally arraigned on charges related to alleged hush-money payments made during the 2016 presidential campaign.

Digital World also announced on Monday that it had to delay filing its 10-K for the year ended Dec. 31. DWAC expects to file its annual report within the 15 day grace period.

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Avanseus Announces Version 6.0 of its Augmented Operations Platform

Avanseus Pte. Ltd., a software company specializing in developing AI-based solutions driven by machine learning and cognitive computing, today announced version 6.0 of its AI-based, state-of-the-art Augmented Operations platform, which includes several enhancements to Avanseus Predictive Maintenance’s (“APM”) capabilities and introduced the Smart Asset Procurement application.

Avanseus and Fat Projects Acquisition Corp (Nasdaq:  FATP), a SPAC formed under the laws of the Cayman Islands (“FATP”), entered into a Business Combination Agreement dated August 26, 2022.

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