Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Joby teams up with ANA to bring flying taxis to Japan, Rigetti partners with Nasdaq to pursue quantum advantage, and Nauticus Robotics announces defense innovation award
Joby Teams Up With ANA to Bring Flying Taxis to Japan
Flying from Japan’s Osaka station to Kansai International Airport could take just 15 minutes based on plans laid out by flying-taxi startup Joby Aviation Inc. (NYSE:JOBY) and the country’s biggest airline.
Joby and ANA Holdings Inc. will work together to bring aerial ridesharing to Japan for the first time, according to a statement on Monday. Toyota Motor Corp. will join the partnership and focus on ground-based transport.
READRigetti and Nasdaq Team-Up to Pursue Quantum Advantage for Financial Applications
Rigetti Computing, a pioneer in full-stack quantum computing, today announced a collaborative agreement with Nasdaq (Nasdaq:NDAQ) to pursue the development of quantum applications to help solve high-impact computational problems in the financial industry. The efforts will be powered by Rigetti Quantum Cloud Services, featuring Rigetti’s 80-qubit “Aspen M” series quantum processor – the quantum computing industry’s first commercial multi-chip processor.
On October 6, 2021, Supernova II (NYSE:SNII) entered into a definitive agreement to combine with quantum computing firm Rigetti.
READNauticus Robotics Announces U.S. Defense Innovation Unit Award for Autonomous Subsea Command and Control Software
Nauticus Robotics, Inc., a Houston-area developer of surface and subsea robots, autonomy cloud software, and associated services, has been awarded an Other Transaction Agreement by the U.S. Defense Innovation Unit (DIU) to prototype its autonomous command and control software platform, ToolKITT, aboard the U.S. Navy’s VideoRay Mission Specialist Defender Remote Operated Vehicle. DIU is a Department of Defense organization that contracts with commercial companies to solve national security problems.
On December 16, 2021, Nauticus Robotics and CleanTech Acquisition Corp. (NASDAQ: CLAQ) entered into a definitive business combination agreement that would result in Nauticus Robotics becoming a public company.
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InterPrivate II Acquisition Corp. (NYSE:IPVA) disclosed this morning that it has restructured its bonus share agreement in connection to its proposed merger with carsharing marketplace Getaround. The parties previously agreed to reserve and set aside the bonus shares, consisting of 9,333,333 shares, to be allocated to the non-redeeming public stockholders, the designees of EarlyBirdCapital and the...
Iris Acquisition Corp. (NASDAQ:IRAA) has entered into a definitive agreement to combine with biotech firm Liminatus at an enterprise value of $334 million. La Palma, California-based Liminatus is a clinical-stage drug developer working on a range of cancer treatments utilizing both preventative vaccines and CAR-T therapies. The combined company is expected to trade on the...
Lakeshore Acquisition Corp. I (NASDAQ:LAAA) announced this morning that it has entered into a non-redemption agreement and amended its purchaser support agreement with initial shareholders in connection to its proposed merger with medical device company ProSomnus. The SPAC entered into non-redemption agreements with certain institutional investors for an aggregate of 200,339 shares of the purchaser. These investors...
The companies and sponsors of six SPAC deals are set to see their lock-ups expire before the end of the year. This is a relatively small monthly total as the wave of deals from 2020 and 2021 are still hitting this milestone. The list nonetheless includes some major names starting with Forafric (NASDAQ:AFRI), which is...
Pacifico Acquisition Corp. (NASDAQ:PAFO) disclosed this afternoon that its shareholders have approved its business combination with sustainable shipping company Caravelle during a special meeting held earlier today. At today’s special meeting, 6,194,813 shares voted by proxy or in person, representing 82.65% of the total outstanding shares. The business combination was overwhelmingly approved as it received a...