Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SatixFy Technology enables 5G through LEO constellation, and American Acquisition Opportunity’s target, Royalty, enters into data center agreement
SatixFy Technology Enables First 5G link through a LEO constellation
SatixFy Communications Ltd. (“SatixFy”), a leader in next-generation satellite communication systems based on in-house developed chipsets, today announced its critical role in enabling the first ever demonstration of a high-speed, low-latency link with a LEO satellite constellation incorporating 5G. SatixFy has partnered with OneWeb under the ESA Sunrise Partnership Project, with support from the UK Space Agency, to develop a compact electronically steered multi-beam array suitable for mobility services over both LEO and GEO satellites simultaneously. The terminal can also be integrated into 5G equipment to allow end-to-end access to a LEO constellation network via a 5G signal.
On March 8, 2022, SatixFy announced that it had entered into a definitive business combination agreement with Endurance Acquisition Corp. (NASDAQ: EDNC), a publicly-traded SPAC formed by an affiliate of Antarctica Capital, an international private equity firm.
READAmerican Acquisition Opportunity’s Merger Target Company, Royalty, Enters into Data Center Hosting Royalty Agreement
American Acquisition Opportunity Inc.’s (Nasdaq:AMAO) merger target company, Royalty Management Corporation (RMC), a sustainably-driven, cash flow-oriented, royalty investment and development company, announced today that it has entered into a long-term agreement to facilitate the development and deployment of data servers utilizing excess capacity power infrastructure located on an idled and unused mining property.
Located in rural Kentucky, RMC was able to structure a long-term lease agreement to bring new industry to rural Kentucky by utilizing unused infrastructure and property for the use of building and operating servers for data hosting solutions. As part of this agreement, Royalty Management Corporation will receive a revenue stream based on the amount of allocated power that is utilized by the counterparty at this site.
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At the SPAC of Dawn During a week in which rare earth mining and space de-SPACs have seen major gains, another blast from the past is making serious waves in the market. EV battery developer QuantumScape (NYSE:QS) rose to a 52-week high of $13.79 yesterday and is cruising even higher in the pre-market. The company...
Cantor Equity Partners I (NASDAQ:CEPO) has entered into a definitive agreement to combine with Bitcoin Standard Treasury in a transaction that is worth about $4.8 billion. Bitcoin Standard Treasury aims to bring in capital from a number of equity instruments to build up one of the largest US-listed Bitcoin treasuries. The combined company is expected...
At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...