Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Byju’s founder in $800M funding round with BlackRock, Wag! announces record 4Q and full year 2021 results, and Romeo Power partners with Wrightspeed
Byju’s Founder in $800 Million Funding Round With BlackRock
Byju Raveendran is investing $400 million in his namesake and India’s most valuable startup, Byju’s, leading an $800 million funding round alongside investors BlackRock Inc. (NYSE:BLK), Sumeru Ventures and Vitruvian Partners.
The funding round has closed even as the Bangalore-headquartered edtech startup is in negotiations with at least three SPACs with plans to go public via a merger. The SPACs include Michael Klein’s Churchill Capital (NYSE:CVII) and Michael Dell’s MSD Acquisition Corp. (NASDAQ:MSDA), and the SPAC promoted by Harry Sloan, a long-time Hollywood executive.
READWag! Announces Record Fourth Quarter and Full Year 2021 Results, Beats Initial Revenue and EBITDA Guidance
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, which recently announced it would become publicly traded through a merger with CHW Acquisition Corp. (Nasdaq: CHWA), today announced financial results for its fourth quarter and full fiscal year ending December 31, 2021.
READRomeo Power and Wrightspeed Announce “Powertrain in a Crate” to Safely Repower School Buses, Transit Buses and Certain Medium and Heavy Duty Trucks Into Zero Emission Electric Vehicles
Romeo Power (NYSE: RMO) and Wrightspeed, today announced that they are working together to leverage Romeo Power’s high-capacity battery packing and module technology along with Wrightspeed’s high torque, high-efficiency powertrain system to accelerate electrification in the bus, and medium and heavy duty truck market.
RMG Acquisition Corp. announced in a press release that its shareholders approved its combination with Romeo Power on December 28, 2020.
READTerms Tracker for the Week Ending December 2nd, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As we slide into December, and the holiday season, we recognized two new S-1 registration statements and zero IPOs. The two new S-1s consisted of...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC Liquidations: NightDragon, VectoIQ II, and Fortistar Sustainable Solutions Corp. Night Dragon Acquisition Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination NightDragon Acquisition Corp. (NASDAQ: NDAC) anticipates that the last trading day...
Lakeshore Acquisition I Corp. (NASDAQ:LAAA) disclosed this afternoon that its shareholders have approved its business combination with medical device company ProSomnus during a special meeting held earlier today. Approximately 92.4% of the votes cast at the meeting on the business combination proposal, representing approximately 80.5% of Lakeshore’s outstanding shares, voted to approve the deal. The SPAC disclosed...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Embark director Elaine Chao and others sued over SPAC merger, Alvotech switches CEO and takes COO from Teva, and Uber Freight and Aurora expand pilot Embark Director Elaine Chao, Others Sued Over SPAC...
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among potential targets in the security industry. We look at why they are compelling and why each could be a fit for a blank-check merger. Security is on the market’s mind and is expected to grow at a CAGR...