Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Truth Social’s head of engineering suddenly resigns, ZeroNox announces partnerships to bring Tuatara EVs to Europe, and WebCargo by Freightos enables digital interlining
Donald Trump’s Truth Social App in Turmoil as Chief Engineer Suddenly Resigns
As former President Donald Trump’s Truth Social experienced trouble in the past few months, the company’s head of engineering announced his resignation, which dealt a significant setback to the social media platform.
President Donald Trump’s Truth Social app head of engineering, Alex Gleason, told Reuters on Monday that he had resigned from the company.
Trump Media & Technology Group had in October 2021 announced a deal to go public by merging with blank-check firm Digital World Acquisition Corp (Nasdaq:DWAC).
ZeroNox Announces Partnerships to Bring Tuatara Electric Vehicles to Europe
Zero Nox Inc., a leading provider of sustainable, off-highway vehicle electrification, today announced it has signed distribution agreements with E-lix Elektromoblie GMBH and Chateaux Des Langues to deliver ZeroNox-powered Tuatara electric utility terrain vehicles (UTVs) across Europe.
With this agreement, E-lix Elektromoblie GMBH and Chateaux Des Langues will add ZeroNox-powered Tuatara vehicles to their offerings for off-highway vehicle customers. Their customers will now have the option to purchase a more environmentally friendly off-highway vehicle without compromising on the performance demands required of UTVs. The ZeroNox-powered Tuatara is a powerful electric UTV with a 2,200 load and towing capacity as well as a 4-6 hour driving range.
As previously announced, ZeroNox signed a definitive business combination agreement with The Growth for Good Acquisition Corporation (Nasdaq: GFGD).
READFreightos Limited (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for the international freight industry, announced that WebCargo by Freightos now enables digital interlining. The first booking, a test shipment by Qatar Airways Cargo on an ITA Airways flight, is a significant first step towards Freightos’ vision for streamlined interlining.
Hennessy Capital Investment Corp. VII (NASDAQ:HVIIU) announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HVIIU”, Friday, January 17, 2025. The new SPAC intends to seek out a business combination with a company in the industrial technology and energy transition sectors. Hennessy...
Equites and crytpo trading platform eToro has reportedly filed for a traditional IPO two-and-half years after nixing its SPAC combination and its renewed thrust to the public markets could provide a useful demonstration of where things sit for SPACs in 2025. For one, eToro is reportedly making its IPO move at a valuation of $5...
At the SPAC of Dawn Right on the heels of a mostly positive inflation picture, SPACs are set to take in a raft of new indicators for retail sales, import prices and homebuilder confidence later today. SPACs may have some extra confidence of their own knowing that one of their major foes on the de-SPAC...
At the SPAC of Dawn After an up-and-down week on the market, all eyes are set to be glued to this morning’s Consumer Price Index readouts for signs of where the Fed might take its rate-cut strategy. US exchanges had a slightly positive day in reaction to Core PPI coming in at 0.1% for December...
Ribbon Acquisition Corp. (NASDAQ:RIBBU) announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RIBBU”, Wednesday, January 15, 2025. The new SPAC intends to take a generalist approach in searching for a business combination, but will not consider targets located in China. Ribbon’s...