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The Latest SPAC News and Rumors: January 23, 2023
by Marlena Haddad on 2023-01-23 at 11:36am

 


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

Latest SPAC News: IonQ to build new manufacturing plant, DWAC falls on report that Trump plans to return to social media, and Jupiter Wellness redeemable digital coupons now available for shareholders


Quantum computer firm IonQ to build Bothell manufacturing plant

Quantum computing company IonQ (NYSE:IONQ) is opening a new manufacturing facility in Bothell, dubbing the Seattle area its North American production headquarters on its quest to develop a new kind of computer.

Researchers promise quantum computers will offer revolutionary increases in computing power that will open new possibilities — some that we can’t yet imagine — from accelerating the development of artificial intelligence to offering new solutions to help fight climate change.

IonQ, a 200-person company, went public through a special purpose acquisition company in October 2021.

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Trump SPAC DWAC falls on report ex-President plans return to social media

Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Trump’s social media company and Truth Social app public, dropped 4%on a report that the former President plans to return to social media platforms

Donald Trump since late last year has told several people that he doesn’t want to renew an 18-month exclusivity agreement with Truth Social that expires in June, according to a Rolling Stone report on Sunday. The ex-President currently has an agreement that requires him to wait six hours before posting to other social media after he posts on Truth Social.

Digital World (DWAC) shares have plunged 84% since hitting highs in early March as the SPAC has dealt with several regulatory investigations and continued delays on its deal to merge with Trump’s media company.

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Jupiter Wellness Redeemable Digital Coupons Now Available for all Shareholders of Record to Claim

Jupiter Wellness Inc (Nasdaq:JUPW) announced their redeemable digital coupons are now available for shareholders of record to claim on Upstream’s trading app. Upon a successful claim, shareholders may redeem the digital coupon for a gift package of company products valued at over $179 or trade the digital coupon with other fans globally on Upstream to bring new potential customers into the community. This news follows Jupiter Wellness’s recent listing on Upstream on January 10, 2023.

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Recent Posts
by Nicholas Alan Clayton on 2023-01-30 at 2:04pm

Seaport Calibre Materials Acquisition Corp. (NASDAQ:SCMA) announced in an 8-K that it has inked new non-redemption agreements after postponing its initial extension vote. The SPAC has agreed to allocate up to 37,500 promote shares (1.1%) to investors holding in exchange for them agreeing not to redeem an aggregate of 150,000 shares at the vote now...

by Marlena Haddad on 2023-01-30 at 1:22pm

Armada I (NASDAQ:AACI) announced this afternoon that it has once again postponed its extension vote. The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, and will now be pushing it back until tomorrow, January 31. Armada has also extended the deadline for holders to submit their public...

by Nicholas Alan Clayton on 2023-01-30 at 12:07am

Prime Impact I (NYSE:PIAI) has entered into a definitive agreement to combine with auto insurance firm Cheche at an enterprise value of $841 million, or about 2.3x its 2022 revenue. Beijing-based Cheche provides a digital insurance platform for car owners in China with about 34 million vehicles covered. The combined company is expected to trade...

by Marlena Haddad on 2023-01-30 at 11:42am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Hambro Perks eyes merger with Biotech Istesso, Rocket Lab launches first vehicle from U.S. soil, and Alliance Entertainment signs licensing agreement with The Walt Disney Company Hambro Perks SPAC Eyes Merger With Biotech...

by Marlena Haddad on 2023-01-30 at 10:15am

Pono Capital Corp. (NASDAQ:PONO) disclosed in an 8-K filing this morning that its shareholders approved its combination with air mobility company AERWINS at a special meeting held on Friday, January 27. Holders of 12,412,861 common shares were present at the meeting and the deal was approved with 11,218,712 shares in favor of the transaction. The filing did not...

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