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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Berenson Acquisition Corp. I (BACA) Signs Non-Redemption Agreements Berenson (NASDAQ:WTMA) announced in an 8-K this morning that it has entered non-redemption agreements with third parties that will secure 655,715 shares from redemption. The filing did not note what incentive, if any, these investors received for agreeing not to redeem. The move comes as Berenson is...
Crixus BH3 Acquisition Company (NASDAQ: BHAC) announced in a filing this afternoon that it is postponing its extension vote to Friday, October 6, 2023 at 9:00 a.m ET. The meeting was originally to be held Friday, September 29, but presumably it has been moved to account for amendments to its proxy which was filed today...
Welsbach Technology Metals Acquisition Corp. (NASDAQ: WTMA) announced in an 8-K this afternoon that it is postponing its extension vote one day to 2 pm ET September 29. The SPAC would not be able to postpone it much further as its current transaction deadline falls on a Saturday the next day, September 30. At the...
Global Lights Acquisition Corp. (NASDAQ:GLAC) rolled out an S-1 on Friday, to become the 21st SPAC to file in 2023. This keeps the recent pace with two new SPACs filing to list in each of the past three months so far. Three out of the last four of those have also sought to raise $60...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Terran Orbital Closes 432.5 Million Public Offering Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), which combined with Tailwind Two in March 2022, today announced the closing of its previously announced public offering of 23,214,290...