Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Getaround expands operations in Seattle, Better faces whistle-blower lawsuit, and Voltus to provide distributed energy resources to relieve grid shortages in U.S. and Canada
Getaround Brings Expanded Carshare Access to the City of Seattle
Getaround, the world’s leading digital carsharing marketplace, today announced that the company is expanding operations in the city of Seattle, Washington to increase residents’ access to reliable transportation with expanded carsharing. The company has collaborated with the Seattle Department of Transportation (SDOT) to bring carshare vehicles to dedicated parking spaces across the city.
On May 11, 2022, Getaround announced its entry into a definitive business combination agreement with InterPrivate II Acquisition Corp. (NYSE: IPVA).
READBetter Whistle-Blower Suit Accuses CEO of Misleading Investors
Better, the online mortgage lender whose chief executive officer infamously fired 900 staffers on a Zoom call, is now facing a whistle-blower lawsuit.
CEO Vishal Garg misled investors in his effort to keep them on board with his plans to take the company public, an ex-executive said in a complaint filed Tuesday in Manhattan federal court.
READVoltus Expects to Provide Nearly 2,600 MW of Distributed Energy Resources to Relieve Grid Shortages Across the U.S. and Canada
Voltus, Inc., the leading DER software platform, announced today that its nearly 2,600 MW portfolio is prepared to help meet anticipated supply shortages this summer across the U.S. and Canada. In a recently published report, the North American Electric Reliability Corp. (NERC) warned that Texas, New England, the Midcontinent Independent System Operator (MISO), and parts of the West are at higher risk of energy shortfalls.
On November 30, 2021, Broadscale Acquisition Corp. (Nasdaq: SCLE) entered into a definitive agreement for a business combination with Voltus.
READBelow is a daily summary of links to the latest SPAC news and rumors gathered across the web. JSE reviewing listing requirements with aim to simplify them The Johannesburg Stock Exchange will be reviewing all its listings requirements with the objective of further simplifying its requirements, as part of its ongoing efforts to create an...
Nabors Energy Transition Corp. (NYSE:NETC) announced this morning that Vast has added an equity commitment of up to $10 million to its combination with concentrated solar power producer Vast. The new commitment comes at $10.20 per share from the Canberra Airport Group and half of it is to come up front at close. A further...
M3-Brigade III (NYSE:MBSC) announced this morning that it has closed its combination with Canadian energy producer Greenfire and the combined company is expected to trade on the NYSE under the symbol “GFR” later today. Concurrent with close, Greenfire also issued $300 million in new senior secured notes at a 2% discount, priced at $980 per...
Murphy Canyon Acquisition Corp. (NASDAQ:MURF) announced this afternoon that its stockholders voted in favor of the proposed business combination with Conduit Pharmaceuticals Limited (“Conduit”). Details on the vote, along with redemption numbers, have not been filed yet, but the Company expects the closing to occur as soon as practicable, subject to the satisfaction or waiver...
Latest SPAC Liquidations: Juniper II Corp. Juniper II Corp. (JUN) to Liquidate on October 10, 2023 Juniper II Corp. (NYSE: JUN), today announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock with such redemption anticipated to be effective as of October 10, 2023. The...