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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Latest SPAC Liquidations: LF Capital Acquisition Corp. II LF Capital Acquisition Corp. II (LFAC) to Liquidate on October 3, 2023 LF Capital Acquisition Corp. II (Nasdaq: LFAC), today announced that the directors of the Company have determined to dissolve and liquidate the Company. The redemption of the Public Shares is expected to be completed on...
Latest Non-Redemption Agreements: Yotta Acquisition Corp.,Live Oak Crestview Climate Acquisition Corp. Yotta Acquisition Corp. (YOTA) Adds Non-Redemption Agreements Yotta Acquisition Corp. (NASDAQ:YOTA) entered into non-redemption agreements with certain unaffiliated third parties in exchange for such third parties agreeing not to redeem an aggregate of 598,680 shares of the Company’s common stock. In exchange for the foregoing...
Twin Ridge (NYSE:TRCA) announced this afternoon that it plans to convene and then adjourn its extraordinary general meeting of its shareholders originally to be held on September 26 at 11:30 a.m., Eastern Time. Twin Ridge intends to hold the new meeting at 11:30 a.m., Eastern Time, on October 3, 2023. Additional details were not given as to...
Social Leverage Acquisition Corp I (Nasdaq: SLAC) and W3BCLOUD Holdings Inc. announced this afternoon that they have mutually agreed to terminate their business combination agreement. The reasons cited were once again “due to existing market conditions”, which most likely implies the current capital market conditions as well as the fact that W3BCLOUD works within the...
Hainan Sirius Acquisition Corp. (NASDAQ:HSAC) filed an S-1 this week to become September’s first new SPAC and the 20th overall to file in 2023. The SPAC aims to combine with a company operating in a sizable market with cutting edge disruptive technology that is scalable with near-term cashflow in sight. That is fairly broad and...