The Latest SPAC News and Rumors: December 7, 2021
by Marlena Haddad on 2021-12-07 at 11:40am

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

Latest SPAC News: Xos partners with Yancey Bros, FaZe Clan announces MoonPay as official crypto and NFT partner, and Arnault-backed group launches second SPAC listing

Xos Announces Strategic Partnership with Yancey Bros. Co.

Xos, Inc. (NASDAQ: XOS), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles, today announced it has entered a strategic partnership with Austell, Ga.-based Yancey Bros. Co., the nation’s oldest Caterpillar dealer, to distribute Xos vehicles across the state of Georgia.

Yancey will leverage its existing infrastructure and facilities, including dedicated truck service centers across the state of Georgia, to help drive the adoption of Xos electric trucks. Yancey currently operates 29 facilities across the state.

NextGen Acquisition Corp. approved its combination with Xos at a shareholder meeting on August 18.


FaZe Clan Announces MoonPay As Official Crypto and NFT Partner

FaZe Clan, the lifestyle and media platform rooted in gaming and youth culture, today announced a multi-year partnership with MoonPay, a leading global crypto payments infrastructure provider giving millions of users quick access to the crypto economy by offering an easy and secure way to buy and sell cryptocurrencies and NFTs.

The agreement represents MoonPay’s biggest partnership to date and establishes MoonPay as the official crypto and NFT partner of FaZe Clan.

B.Riley Principal 150 (NASDAQ:BRPM) initially announced its combination with FaZe Clan on October 25.


Arnault-backed Group Launches Second SPAC Listing

France’s richest man Bernard Arnault and former UniCredit head Jean Pierre Mustier will publicly list a second blank check vehicle in Amsterdam, raising 200 million euros ($226 million).

Earlier this year, the duo raised half a billion euros from their SPAC, Pegasus Acquisition Company Europe B.V., which is searching for takeover targets in the financial sector.

On Tuesday, the same group of backers announced they would list a second vehicle with an entrepreneurial focus, Pegasus Entrepreneurial Acquisition Company Europe, in Amsterdam.


Recent Posts
by Nicholas Alan Clayton on 2024-04-19 at 3:00pm

Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...

by Nicholas Alan Clayton on 2024-04-19 at 7:53am

At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...

by Nicholas Alan Clayton on 2024-04-18 at 11:50am

AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...

by Nicholas Alan Clayton on 2024-04-18 at 7:57am

At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...

by Nicholas Alan Clayton on 2024-04-17 at 3:05pm

Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...


Copyright © 2023 SPACInsider, Inc. All Rights Reserved