SPACInsider Logo
The Latest SPAC News and Rumors: February 2, 2023
by Marlena Haddad on 2023-02-02 at 11:35am

 


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

Latest SPAC News: Mondee acquires Orinter for $40M, Fisker, ChargePoint and Lucid say court decision creates ‘uncertainty’, and Getaround gets delisting warning from NYSE


Mondee gains foothold in Brazil with Orinter acquisition 

Travel marketplace and technology platform Mondee (NASDAQ:MOND) has acquired Brazil-based travel provider Orinter in a transaction valued at $40 million.

Mondee, which went public via a SPAC deal with ITHAX in July 2022, sees Brazil as a “natural expansion opportunity” building on its existing presence in North America.

The acquisition of Orinter, which is a B2B specialist in the hotel and ground transportation markets, opens up Brazil’s domestic and outbound markets to Mondee and gives the company access to direct relationships with hotels in Latin America.

READ

Fisker, ChargePoint, Lucid Say Court Decision Creates ‘Uncertainty’ 

Fisker Inc. (NYSE:FSR), ChargePoint Holdings Inc. (NYSE:CHPT) and Lucid Group Inc. (NASDAQ:LCID) said in securities filings that a recent Delaware Court of Chancery decision creates “uncertainty” related to past increases in the number of authorized shares.

The companies filed petitions seeking validation of their share authorization proposals.

Fisker said the ruling “introduces uncertainty as to whether Section 242(b)(2) of the Delaware General Corporation Law” would have required a 2020 proposal to be approved by a separate vote of the majority of the then-outstanding Class A shares of Spartan Energy Acquisition Corp.

Blank-check company Spartan merged with Fisker Inc. in October 2020.

READ

Car-sharing platform Getaround gets delisting warning from NYSE

The New York Stock Exchange has issued a delisting warning to peer-to-peer car rental company Getaround (NYSE: GETR) for trading too low, according to the company.

Getaround debuted on the public markets in December after merging with a SPAC. The combined company’s stock began trading at around $10 per share and promptly lost 65% of its value. Today, Getaround’s shares dropped 1.3% and are going for $0.64.

READ

 

Recent Posts
by Marlena Haddad on 2023-03-27 at 5:44pm

Latest Non-Redemption Agreements: two two (TWOA) Adds Non-Redemption Agreement In connection with the previously announced shareholder meeting of two (NYSE:TWOA) to extend the company’s completion deadline from April 1, 2023 to January 1, 2024, the company and two sponsor, have entered into non-redemption agreements with several unaffiliated third parties. The third parties have agreed not to...

by Marlena Haddad on 2023-03-27 at 5:34pm

Latest SPAC Liquidations: Khosla Ventures Acquisition Co. III Khosla Ventures Acquisition Co. III (KVSC) to Liquidate  Khosla Ventures Acquisition Co. III (NASDAQ:KVSC) did not consummate, or execute a letter of intent before March 26, and therefore shall cease all operations except for the purpose of winding up. It intends to liquidate and redeem all of its...

by Marlena Haddad on 2023-03-27 at 11:49am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News:  Faze Clan considers going private, Richard Branson sits out Virgin Orbit’s flameout, and Tempo Automation to acquire Optimum Design Associates Faze Clan considers going private amid financial concerns Esports giant Faze Clan (NASDAQ:FAZE) is...

by Nicholas Alan Clayton on 2023-03-27 at 11:23am

Aquaron Acquisition Corp. (NASDAQ:AQU) has entered into a definitive agreement to combine with hydrogen energy company Bestpath at an initial equity value of $1.2 billion. Shanghai-based Bestpath has developed technology for hydrogen fuel cell-powered heavy trucks and the refilling stations that would supply them. The combined company is expected to trade on the Nasdaq once...

by Nicholas Alan Clayton on 2023-03-27 at 7:27am

Manufacturing technology company Berkshire Grey (NASDAQ:BGRY), which closed a combination with Revolution Acceleration in July 2021, announced over the weekend that it is being acquired by SoftBank in a take-private transaction priced at $1.40 per share. The price marks a 24% premium over Berkshire Grey’s closing price on March 24 and a 7.6% boost over...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved