The Latest SPAC News and Rumors: December 15, 2022
by Marlena Haddad on 2022-12-15 at 12:09pm

 


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

Latest SPAC News: Nikola announces collaboration with Plug Power, Lanvin Group scouts for buys and opens stores, and Lucid recruits for staff in China


Nikola and Plug Announce Strategic Collaboration to Push Hydrogen Economy Forward 

Nikola Corp. (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, and Plug Power (Nasdaq: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today announced a strategic relationship focused on moving the hydrogen economy forward.

READ

Lanvin Group to open stores, hunt buys after U.S. SPAC listing

Chinese luxury fashion conglomerate Lanvin Group (NYSE:LANV), owner of the eponymous French fashion brand, said it is scouting for buys and will open new stores, after a New York SPAC listing on Thursday that raised $150 million and valued it at $1.31 billion.

The amount raised is far lower than the $544 million that the group, owned by China’s Fosun International, said in March it hoped to raise from the listing via a special purpose acquisition company set up by Primavera Capital.

READ

US Electric Carmaker Lucid Motors Is Hiring in China

Lucid Motors (NASDAQ:LCID) is recruiting staff in China, after the US electric vehicle maker kicked off a plan to enter the Chinese market as early as next year.

Lucid Motors recently posted job adverts on a Chinese social media platform for positions including software and localization engineers, public policy and legal counsels, and others in the digitalization, logistics, supply, and residential charging product fields. The New Jersey-based firm hired a human resources head for China in May.

READ

Arqit Quantum Ditches Plan for Quantum Satellites

Arqit Quantum (NASDAQ:ARQQ) is canceling its plans to build quantum satellites, announcing Wednesday its software technology has progressed and it no longer needed its own in-space assets.

Arqit, based in the United Kingdom, is a company that focuses on quantum encryption. Its software QuantumCloud creates encryption keys for zero trust security. The company went public in September through a special purpose acquisition company merger.

The company had plans to launch a network of satellites to create and transmit the quantum keys, but did not announce its manufacturer.

READ

 

Recent Posts
by Nicholas Alan Clayton on 2024-05-20 at 12:49pm

Distoken (NASDAQ:DIST) has entered into a definitive agreement to combine with staffing firm Youlife International. Shanghai-based Youlife provides a staffing and recruitment platform aimed at training up applicants and getting them matched with vocational careers in China and the Asia-Pacific region. The combined company is expected to trade on the Nasdaq under the symbol “YOUL”...

by Nicholas Alan Clayton on 2024-05-20 at 7:46am

At the SPAC of Dawn This week’s SPAC action is set to be front-loaded as far as votes are concerned with four extension votes today and tomorrow. Genesis Growth Tech (OTC:GGAAF) shareholders will also vote to complete its combination with Mind Maze Tuesday. Genesis Growth last closed at $12.50 – a $0.58 discount to its...

by Kristi Marvin on 2024-05-18 at 11:45am

Terms Tracker for the Week Ending May 17, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. SPACs managed to price their third IPO in the month of May this week with RF Acquisition Corp. II‘s $100 million offering. RF II’s IPO...

by Nicholas Alan Clayton on 2024-05-17 at 8:08am

At the SPAC of Dawn While AST Spacemobile (NASDAQ:ASTS) had the SPAC market’s biggest leap yesterday, among de-SPACs that are trading above $10, it was oil and gas firm Sable Offshore (NYSE:SOC) that had the best outing. It finished up +14% and is gaining a further +2% in the pre-market to $14.30 this morning. This...

by Kristi Marvin on 2024-05-17 at 6:30am

RF Acquisition Corp. II (NASDAQ:RFAIU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RFAIU”, Friday, May 17, 2024. The new SPAC intends to focus its target search on businesses in Asia within the deep technology sector, including artificial intelligence, quantum computing,...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved