Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Vinfast to list in the U.S. in August following SEC approval and Redwire wins $12.9 million NASA award
Vietnam EV maker VinFast to list in the U.S. in August after regulator nod
Vietnamese electric vehicle maker VinFast said on Friday it is planning to list in the United States next month via a blank-check company after the SEC gave the go ahead to its proposed business combination.
VinFast, a unit of Vietnam’s biggest conglomerate Vingroup, announced in May it would go public through a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co (NYSE:BSAQ).
READRedwire Selected for $12.9 Million NASA Award to Develop Trailblazing Systems to Build Landing Pads, Roads, and other Forms of Infrastructure on the Moon
Redwire (NYSE: RDW) has won a $12.9 million NASA Tipping Point award to produce a prototype of technology capable of building landing pads, roads, and foundations of habitats on the Moon using lunar materials. The technology will use a microwave emitter to heat and solidify regolith (lunar dust and crushed rock) to construct infrastructure. Redwire’s partners in the project include Astrobotic, Lockheed Martin Space, Lambda Technologies, Colorado School of Mines, and the University of Central Florida.
Redwire completed its business combination with Genesis Park in September 2021.
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PROOF Acquisition Corp I (NYSE: PACI) announced this morning that its shareholders have approved its business combination with private aviation company Volato at a special meeting held on November 28. Approximately 97% of the votes cast at the meeting were cast in favor of the approval of the deal. The SPAC did not disclose redemption...
At the SPAC of Dawn Filings after the bell yesterday provided another three-liquidation day for SPACs bringing this week’s tally to four and extending a streak of five straight weeks with four to five liquidations each week. With 178 SPACs having announced a liquidation so far in 2023, the year’s total number could well exceed...
Plum Acquisition Corp. I (NASDAQ:PLMI) has entered into a definitive agreement to combine with digital transformation company Veea for a total enterprise value of approximately $281 million. New York City-based Veea aims to simplify secure edge computing by improving application responsiveness, reducing bandwidth and data transport costs, and eliminating central cloud dependency. The parties expect the transaction to be...
L Catterton Asia (NASDAQ:LCAA) announced this morning that it has upsized the committed financing in its combination with EV sports car maker Lotus to $870 million in total. The latest fuel injection comes in the form of $750 million in convertible notes and PIPE commitments under so far undisclosed terms. Counted purely as a PIPE,...
At the SPAC of Dawn SPAC closing timelines can always be somewhat unpredictable, but PROOF I (NYSE:PACI) has the opportunity today to vie for a recent speed record today. It announced a combination with private aviation firm Volato 118 days ago on August 2 and its shareholders are set to vote to approve the combination...