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.
READTrump 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 such as Twitter.
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.
READJupiter 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.
READTerms Tracker for the Week Ending October 25, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Finally, a little more SPAC action this week with no less than four IPOs priced. That brings October’s tally to seven IPOs with one more...
At the SPAC of Dawn The rebound of the growth companies that made up the SPAC class of 2021 has been one of the bigger stories of second half of 2024, but not all of the de-SPACs are feeling the love equally. Instead, in many new sectors that hit the public markets together as a...
DT Cloud (NASDAQ:DYCQ) has entered into a definitive agreement to combine with Maius Pharmaceutical at an equity value of $250 million. Shanghai-based Maius is a drug developer and researcher focused on small-molecule chemical treatments for different forms of cancer. The combined company is expected to trade on the Nasdaq once the deal is completed in...
Charlton Aria Acquisition Corporation announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CHARU”, Thursday, October 24, 2024. The new SPAC plans to focus on industries that complement the management team’s and board of director’s background and network. The sponsor team for...
At the SPAC of Dawn As the market goes through a cooling period this week, new readouts for jobless claims and new home sales are set to hit later today. Jobless claims are of course something of a proxy indicator for SPACs as to when the Fed might continue to its rate-cutting process, while home...