Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: NWTN delivers first batch of EVs to client in UAE, and DraftKings set to launch online sportsbook in Ohio
NWTN Delivers First Batch of Electric Vehicles to Client in the UAE
NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world (“NWTN”), today announced that it delivered 20 range-extended electric vehicles to M93 CAR RENTAL L.L.C at its newly constructed facility in the Khalifa Economic Zones Abu Dhabi. The delivery kicks off NWTN’s plan to provide the UAE market with a range of innovative products and solutions to promote the region’s transformation to sustainable energy.
NWTN, previously known as ICONIQ, recently closed its business combination with East Stone in November 2022.
READDraftKings Set to Launch Top-Rated Online Sportsbook in Ohio on New Year’s Day
DraftKings Inc. (Nasdaq: DKNG) announced today plans to launch its award-winning online sportsbook in Ohio on January 1, 2023, pending licensure and regulatory approvals. Home to several professional and college sports teams, DraftKings will offer eligible customers in Ohio the opportunity, beginning on New Year’s Day, to place legal and regulated bets on DraftKings Sportsbook across several sporting events, including the 2023 College Football Playoff National Championship and professional sports leagues, including the NFL, NHL, NBA, MLB, MLS and more.
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Shepherd Ave Capital Acquisition Corporation (NASDAQ:SPHAU) announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPHAU”, Thursday, December 5, 2024. The new SPAC intends to conduct a broad search for a combination target without a preference for a specific industry or region....
At the SPAC of Dawn SPACInsider has kept a close eye on how the new tariffs ushered in by a second Trump presidency could affect SPACs and their deals moving forward. But, there is a genre of SPAC deal that has cropped up in recent years essentially as a hedge to trade tensions and they...
Tavia Acquisition Corp. (NASDAQ:TAVIU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TAVIU”, Wednesday, December 4, 2024. The Company is strategically focused on sectors pivotal to advancing sustainability and innovation, including energy transition and critical materials, circular economy initiatives, and innovative...
Target Global I (NASDAQ:TGAA) has entered into a definitive agreement to combine with robotics firm VenHub at an enterprise value of $715 million. Pasadena, California-based VenHub is developing autonomous smart stores that serve customers products through app-based orders and a robotic serving and sorting arm. The combined company is expected to trade on the Nasdaq...
At the SPAC of Dawn Travel and hospitality were hot sectors for SPACs as they boomed during the pandemic because there was a obvious upside story to tell about where each target might be once the world reopened. Since then, SPACs have largely shied away from the industry. Part of this has been the less...