The Latest SPAC News and Rumors: March 14, 2023
by Marlena Haddad on 2023-03-14 at 11:33am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News:  Investor sues over $16B United Wholesale Mortgage deal, and Freightos widens loss after listing on Nasdaq


SPAC Investor Sues Over ‘Abysmal’ $16B Mortgage Biz Merger

A special purpose acquisition company’s investor says in Delaware Chancery Court that the SPAC’s managers misled shareholders about a $16 billion merger with United Wholesale Mortgage (NYSE:UWMC) so that they could reap a return from what turned out to be an ‘abysmal’ deal.

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Freightos widens loss after listing on Nasdaq stock exchange 

Freightos (NASDAQ: CRGO) has widened its fiscal-year loss after merging with SPAC Gesher I Acquisition Corp. in late January to become listed on the Nasdaq.

The Hong Kong-based container booking and payments platform posted $24.5 million in net loss for 2022, down from $16.4 million for 2021. Freightos attributed the greater loss to costs incurred while going public.

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Recent Posts
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Future Vision II (NASDAQ:FVNNU) has filed for a $50 million IPO to hunt for a TMT target in Asia including intelligent chips, 5G and other emerging technologies there. Given the heightened competition and trade protectionism around these technologies lately, it is interesting that Future Vision II hasn’t ruled out combining with a Chinese target. In...

by Nicholas Alan Clayton on 2024-06-21 at 8:12am

At the SPAC of Dawn Every public company wants retail investor engagement, but once brought along, those investors require a bit of educating as well. Nuclear fission firm Oklo (NYSE:OKLO) is discovering that this week as it made a point to put out a press release explaining that its most recent S-1 filing was a...

by Nicholas Alan Clayton on 2024-06-20 at 3:41pm

Voyager (NASDAQ:VASHU) has filed for a SPAC IPO featuring many of the now increasingly familiar terms pushed by underwriter Cantor Fitzgerald over the past month, but does include a novel dollar figure for its raise at $261 million, before any over-allotments. Outside of this, Voyager’s trust is funded to 100.00% with $10.00 per unit to...

by Kristi Marvin on 2024-06-20 at 12:29pm

Eleven new SPACs have filed since the beginning of June, and the number is 12 if we count the May 31st filing of Graf Global Corp.  Seven of those 12 are being underwritten by Cantor, which has always been a very active SPAC underwriter. But you know who else used to be very active? Credit...

by Nicholas Alan Clayton on 2024-06-20 at 12:12pm

Aimei Health (NASDAQ:AFJK) has entered into a definitive agreement to combine with energy firm United Hydrogen at a pro-forma enterprise value of $1.6 billion. Shanghai-based United Hydrogen provides services for clients in the hydrogen energy space including storage, transportation and power generation. The combined company is expected to trade on the Nasdaq once the deal...

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