Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SkyBridge Technologies to buy Fast Radius’ assets, and Freights unit adds digital booking for North America LTL freight
SkyBridge Technologies to Buy Assets of Bankrupt 3D Printing Service Provider Fast Radius
Product design and manufacturing service provider SyBridge Technologies is set to acquire now-bankrupt 3D printing bureau Fast Radius’ (NASDAQ:FSRD) assets, it has been revealed.
With Sybridge Technologies’ fully-owned affiliate, SyBridge Digital Solutions, having won the bid for Fast Radius’ assets, it’s expected to take control of them by the end of the year. In doing so, the firm anticipates being better able to support customers throughout their entire product lifecycle, from design, engineering and prototyping to production.
Fast Radius completed its business combination with ECP Environmental Growth Opportunities in February 2022.
READFreightos unit adds digital booking for North America LTL freight
North American freight forwarders now have the ability to comparison shop and make instant electronic bookings with less-than-truckload carriers through Freightos, a rapidly growing digital marketplace for international air and ocean shipments.
The development takes digital rate management to the next level and eventually will allow logistics companies to reserve air and ground delivery through a consolidated tool. 7LFreight, an Oregon-based company Freightos acquired this year, on Tuesday announced the launch of real-time booking with more than 140 LTL carriers such as Saia, Estes and AAA Cooper in its platform.
Freightos expects to be listed on the Nasdaq exchange next year after completing its sale to Gesher I (NASDAQ:GIAC).
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Cantor Equity Partners I (NASDAQ:CEPO) has entered into a definitive agreement to combine with Bitcoin Standard Treasury in a transaction that is worth about $4.8 billion. Bitcoin Standard Treasury aims to bring in capital from a number of equity instruments to build up one of the largest US-listed Bitcoin treasuries. The combined company is expected...
At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...
Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...