Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Martin Franklin in talks to list new SPAC in London, Wag! to launch community shares program and Polestar chooses AutoNexus to prep and deliver cars in Australia
Blank-Check Pioneer Martin Franklin Eyes London Listing
Serial dealmaker Martin E. Franklin is in exploratory talks to list a new acquisition vehicle in London, according to Bloomberg.
The Jarden Corp. (NYSE:JAH) co-founder is working with UBS Group AG (NYSE:UBS) and Jefferies Financial Group Inc. (NYSE:JEF) to market the listed acquisition vehicle to investors.
The vehicle to be called Admiral will be sponsored by Franklin’s family office Mariposa Capital and could list on the London Stock Exchange as soon as September, if it draws investor commitments of at least $500 million, the people said.
READWag! to Launch Community Shares Program for Pet Caregivers and Nonprofit Charities with Help of Robinhood and DonateStock
Wag Labs, Inc., an American pet services marketplace company powering a mobile-first technology platform that enables on-demand and scheduled dog walking, training, and other pet care services, announced today the launch of its Wag! Community Shares Program.
With the Program, Wag! is pioneering a new method of charitable giving for the community of pet caregivers and for domestic pet nonprofit organizations. At the close of its previously announced business combination with CHW Acquisition Corporation (Nasdaq: CHWA, “CHW”), a publicly traded special purpose acquisition company, Wag! will reserve up to 300,000 shares of common stock for the Program, to be arranged through and administered by Robinhood Financial LLC, an American financial services company, and DonateStock, a fintech philanthropy company.
READAutoNexus chosen to prep and deliver Polestar cars in Australia
Fulfilment firm AutoNexus has been chosen as the logistics company for electric vehicle maker Polestar locally.
That means it will cover services including vehicle transport, processing, storage and full pre-delivery prep for Polestar’s electric vehicles as the latter expands in Australia.
Gores Guggenheim shareholders approved its combination with Swedish electric vehicle-maker Polestar in a special meeting held on June 22.
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LatAmGrowth SPAC (NASDAQ:LATG) announced in a filing this morning that it will once adjourn its special meeting to liquidate early a second time and will reconvene it at October 5. The proposals on its ballot would initiate the process of winding down the SPAC and return all trust capital to investors outside of $100,000 for...
Jaguar Global (NASDAQ:JGGC) announced this morning that its shareholders approved its combination with glass-maker GLAAM at a special meeting September 27. The parties have not yet released redemption figures or a timeline to close, but the combined company is expected to change its name to Captivision. Upon close its shares and warrants are to trade...
Mercato Partners (NASDAQ:MPRA) announced in an 8-K this morning that it has tacked on $1.7 million more to the PIPE for its combination with Brazilian software firm Nuvini. The move comes as its shareholders are to vote to complete the deal later today and adds to $11.1 million in PIPE funds it secured earlier this...
Crixus BH3 (NASDAQ:BHAC) announced in an 8-K this morning that it will sell its most of its sponsor shares and warrants to a new sponsor entity, which will continue to lead the SPAC. The new sponsor is to buy up 3,746,303 promote shares (65.1%) and 4,160,000 (65%) of the original sponsor’s private placement warrrants for...
GigCapital 5, Inc. (GIA) Signs Non-Redemption Agreements GigCapital 5 (NASDAQ:GIA) announced in an 8-K this morning that it has entered non-redemption agreements with third parties that will secure up to 2,042,903 shares from redemption. One of these third parties is Meteora Capital Partners and the investors have made this commitment with the caveat that none...