Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Voltus lines up bitcoin mine to provide capacity to PJM, Azerion NV lists in Amsterdam at $1.2B market cap, and Embraer’s subsidiary Eve expects 25% gross profit margin
Voltus Lines Up 100-Megawatt Bitcoin Mine to Provide Capacity to PJM Grid
Voltus Inc., an energy-management services provider, agreed to provide electricity to the biggest U.S. power grid from a cryptocurrency mine that Mawson Infrastructure Group Inc. is developing in Pennsylvania.
The Mawson facility is expected to be completed in June, and its energy will be available when needed by the grid operated by PJM Interconnection LLC, according to a statement Wednesday from San Francisco-based Voltus. The 100 megawatts of capacity the crypto mine can send to PJM is enough to power 80,000 homes.
Voltus recently entered into a definitive merger agreement to combine with Broadscale Acquisition Corp. (NASDAQ:SCLE).READ
Azerion NV Lists in Amsterdam at $1.2 Billion Market Capitalization
Azerion Group NV, a digital advertising and entertainment company, on Wednesday listed in Amsterdam after its acquisition by a SPAC, called EFIC1, was completed.
Shares in the new entity traded 2.5% lower at 9.29 euros per share, implying a market capitalization for the company of around 1.04 billion euros ($1.17 billion).READ
Brazil Planemaker Embraer’s Subsidiary Eve Expects Gross Profit Margin of 25%
Eve, a subsidiary of Brazil planemaker Embraer SA is expecting to report a gross profit margin of 25% when its electric vertical take-off and landing aircrafts (eVTOLs) start operating in 2026, said the company’s chief financial on Tuesday.
In December, Embraer agreed to combine Eve with Zanite SPAC (NASDAQ:ZNTE) and list it on the New York Stock Exchange. The firm is expected to start trading in the second quarter of 2022, after the closing of the deal with Zanite.READ
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC Liquidations: NightDragon, VectoIQ II, and Fortistar Sustainable Solutions Corp. Night Dragon Acquisition Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination NightDragon Acquisition Corp. (NASDAQ: NDAC) anticipates that the last trading day...
Lakeshore Acquisition I Corp. (NASDAQ:LAAA) disclosed this afternoon that its shareholders have approved its business combination with medical device company ProSomnus during a special meeting held earlier today. Approximately 92.4% of the votes cast at the meeting on the business combination proposal, representing approximately 80.5% of Lakeshore’s outstanding shares, voted to approve the deal. The SPAC disclosed...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Embark director Elaine Chao and others sued over SPAC merger, Alvotech switches CEO and takes COO from Teva, and Uber Freight and Aurora expand pilot Embark Director Elaine Chao, Others Sued Over SPAC...
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among potential targets in the security industry. We look at why they are compelling and why each could be a fit for a blank-check merger. Security is on the market’s mind and is expected to grow at a CAGR...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC Liquidations: Atlas Crest Investment II and One Equity Partners Open Water I Atlas Crest Investment Corp. II to Liquidate Trust Atlas Crest II’s (NYSE:ACII) board and shareholders have agreed to establish today, December 1, 2022,...