Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ein’s Kastle Systems in talks to merge with Simon Property Group SPAC, new rules on UK listings finally kick in, and Volta Charging and Place Exchange announce strategic partnership
Ein’s Kastle Systems Is in Talks To Go Public Through Simon Property Group SPAC
Security services provider Kastle Systems, backed by veteran SPAC investor Mark Ein’s Venturehouse Group, is in talks to go public through Simon Property Group Acquisition Holdings Inc., according to Bloomberg.READ
New Rules Will Finally Unlock the UK SPAC Market
The Financial Conduct Authority’s changes to its listing rules for SPACs have finally come into play, meaning that investors are now permitted to exit prior to an acquisition being completed.
Further disclosures, such as ensuring money raised from public shareholders is ring-fenced and rules requiring shareholder approval for any proposed acquisition have also come into force.READ
Volta Charging and Place Exchange Announce Strategic Partnership
Volta Industries, Inc., an industry leader in commerce-centric electric vehicle (“EV”) charging networks, which has entered into a definitive agreement for a business combination with Tortoise Acquisition Corp. II (NYSE: SNPR), announced a partnership Place Exchange, a leading supply-side platform (SSP) for programmatic digital out of home media.
The partnership significantly expands Volta Charging’s programmatic options for media buyers seeking to purchase Volta Charging’s premium placed-based inventory from any of the leading demand-side platforms (DSPs) integrated with Place Exchange.READ
Rocket Lab to Launch Three Back-To-Back Missions for BlackSky from Late August
Launch provider and space systems company Rocket Lab has today announced its next mission is part of a rapid launch schedule of three dedicated Electron missions for global monitoring provider BlackSky.
Scheduled to lift off from Launch Complex 1 on New Zealand’s Mahia Peninsula in late August, the ‘Love At First Insight’ mission will be Rocket Lab’s 22nd Electron launch overall and fifth mission of 2021. ‘READ
SPAC Earnings Fiasco Spurs CEO Shakeup at ATI Within Two Weeks
Two weeks after its earnings debut as a public company following a merger with a blank-check firm, ATI Physical Therapy Inc. is replacing its CEO.
ATI, which operates about 900 physical therapy clinics across 25 U.S. states, said in a statement Monday that Labeed Diab stepped down as CEO and board member, effective immediately. John Larsen, on the board since 2018, was named executive chairman and will help lead the company as it searches for its next chief executive.READ
Tracking SPACs and all of their various types of “corporate actions” can be challenging. After all, a SPAC can postpone, adjourn, extend, complete, liquidate early, do a tender offer, and in some cases, one SPAC do all of those actions within its lifespan. Naturally, this can be challenging to manage. More importantly, it can very...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Byju skips payment on dollar loan and HNR affirms intent to purchase equity interests of Pogo Resources High-Flying Indian Startup Byju’s Skips Payment on Dollar Loan One of India’s best-known startups has skipped payment...
Avalon Acquisition Inc. (NASDAQ:AVAC) announced in an 8-K this morning that it has entered into a prepaid forward purchase agreement with RiverNorth SPAC Arbitrage Fund, the purchaser, as it works to close its combination with financial services firm The Beneficient Company, or Ben. As part of the agreement, RiverNorth agreed to effect certain purchases of shares...
Blue Ocean (NASDAQ:BOCN) has entered into a definitive agreement to combine with digital media company TNL Mediagene at a pre-money enterprise value of $275 million. TNL Mediagene holds the Japanese licenses for a number digital media properties as well as Taipei-based The News Lens. The combined company Is expected to trade on the Nasdaq once...
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 9. The SPAC plans to use this time to further engage with its shareholders as the ballot includes a variety of additional...