The Latest SPAC News and Rumors: July 18, 2023
by Marlena Haddad on 2023-07-18 at 11:33am

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).

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WebCargo by Freightos Enables First Digital Interlining Air Cargo Shipment Booked between ITA Airways and Qatar Airways Cargo

Freightos 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.

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