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