Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Eni considers listing SPAC to target energy-transition businesses, and Velodyne shares rise following Amazon investment
Eni Said to Weigh Listing SPAC to Target Clean-Energy Deal
Eni SpA is considering listing a SPAC that could target energy-transition businesses, according to Bloomberg.
The Italian oil and gas firm is working with partners on plans for the blank-check company and is in the early stages of testing investor appetite. It has been studying potential listing venues including London.
READVelodyne Lidar Shares Rise After Amazon Investment
Velodyne Lidar (NASDAQ:VLDR) surged over 50% in extended-hours trading after the company reported that Amazon had made an investment. The California-based company, which makes sensors for autonomous cars, said it planned to issue a warrant for an Amazon subsidiary to buy almost 39.6 million shares.
Amazon will get a board observer in return, as long as its stock stays above roughly 12.3 million shares, and the deal will come with a “standstill agreement.” Velodyne saw its shares rise 58% to $5.95 in the after-hours trading.
Velodyne has been trading publicly since 2020 following its merger with Graf Industrial Corp.
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Latest Non-Redemption Agreements: EVe Mobility and Swiftmerge EVe Mobility Acquisition Corp. (EVE) Adds Non-Redemption Agreement On June 7, EVe Mobility Acquisition Corp. (NYSE:EVE) and the sponsor entered into further non-redemption agreements with additional unaffiliated third party investors pursuant to which the investors have, in connection with the Extension Meeting, agreed not to redeem their Class A Ordinary...
Latest SPAC Liquidations: Ahren Acquisition Corp. Ahren Acquisition Corp. (AHRN) to Liquidate on June 19 Ahren Acquisition Corp. (Nasdaq: AHRN) today announced its board of directors has determined to redeem all of its outstanding Class A ordinary shares, effective as of June 19. As of the open of business on June 20, the Class A Shares...
ROC Energy Acquisition Corp. (NASDAQ:ROC) announced in an 8-K today that its shareholders have approved its combination with oilfield services company Drilling Tools International (“DTI”) during a special meeting held on June 1. At the meeting, holders of 23,008,929 shares of common stock were present in person or by proxy, representing approximately 85.69% of the voting...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: SMX to create new subsidiary, trueSilver, and enters into exclusive agreement with Sunshine Minting SMX Extending Metals Business with trueSilver Aiming Both for Fashion Luxury and Bullion Products SMX (NASDAQ:SMX) is pleased to announce...
Rice II (NYSE: RONI) announced in an 8-K today that its shareholders have approved its combination with energy technology company NET Power with relatively low redemptions. In the end, 21,195,224 shares were redeemed in connection vote, removing 61% of Rice II’s trust. This is the second best result among the 32 deals that have come...