Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DraftKings and Kindbridge Research Institute advance veterans-focused gaming research, and Cvent announces new independent board members
DraftKings and Kindbridge Research Institute Advance Veterans-Focused Responsible Gaming Research
DraftKings Inc. (Nasdaq: DKNG) today announced a multi-year financial commitment to Kindbridge Research Institute (KRI) for a new research program to study the nexus of veterans and responsible gaming, with the ultimate goal of advancing evidence-based research in this area and improving the lives of impacted veterans.
DraftKings is the only U.S.-based operator contributing to this project and, as a result of DraftKings’ contribution, KRI will be able to launch the 50x4Vets program, which relies on a three-pronged approach and will include funding research at veterans-focused gaming treatment centers across the country.
Diamond Eagle initially announced its combination with DraftKings back in December of 2019.
READCvent Announces New Independent Board Members for Post-Merger Company
Cvent Inc. (“Cvent”), a market-leading meetings, events, and hospitality technology provider today announced two new Independent Board members who are expected to join its Board of Directors following the completion of the previously announced business combination with Dragoneer Growth Opportunities Corp. II (Nasdaq: DGNS), which is expected to close on December 8, 2021.
The newly appointed Independent Board members will include Chief Financial Officer of Squarespace, Marcela Martin; and former CFO of Cloudera, Jim Frankola, who will be Audit Committee Chairman.
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FG Merger III Corp. filed for a $150 million IPO yesterday afternoon, marking the third SPAC to file on Wednesday. Similar to Blue Room (NASDAQ:IBLUU), which filed its $200 million IPO yesterday morning, FG Merger III intends to focus its search for a target business in the financial services industry in North America. Notably, FG...
10X Capital Venture Acquisition Corp. II (NASDAQ:VCXA) announced that it has completed its business combination with African Agriculture after shareholders approved the deal at a special meeting held on December 5. In connection with the meeting, 10X II received redemption requests for 1,857,033 Class A ordinary shares, representing 98.7% in aggregate redemptions since 10X II’s...
At the SPAC of Dawn The latter half of 2023 has largely told a story of retrenchment in the SPAC market as much of the excess in the domain has found itself terminating and liquidating. But, the increase in outgoing has not completely canceled out the boom in incoming as three new SPACs filed to...
TechyBird Acquisition Corp. (NASDAQ:TKBD) filed for a $60 million IPO today, putting it in line to become the second 2023 IPO from an underwriter that is relatively new to the SPAC space. That underwriter, Spartan Capital Securities, brought Aimei Health Technology (NASDAQ:AFJK) to market last week with similar terms as this new member to its...
Blue Room Acquisition Corp. (NASDAQ:IBLUU) submitted its S-1 filing this morning for a $200 million IPO. The new SPAC has set its sights on targets in the financial sector, ranging in market value between $250 million and $500 million, and primarily situated in the U.S. Its primary objective is to identify an innovative company leveraging...