Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SoFi launches new cryptocurrency feature and Forge debuts on NYSE, posing fresh test to SPAC-led exits
SoFi Launches No-Fee Cryptocurrency Purchases for Direct Deposit Members
SoFi Technologies, Inc. (NASDAQ:SOFI), the digital personal finance company, today announced members will now be able to invest part of every direct deposit into cryptocurrency with zero fees. This feature builds on SoFi’s robust offerings for Checking and Savings accounts, which already includes no account or overdraft fees, up to two-day early paycheck and an industry-leading 1.00% annual percentage yield (APY).
Members will be able to set a recurring purchase for the cryptocurrency of their choice with each paycheck for no purchase fee, investing either by dollar amount or percentage of their deposit, into one of 30 coins.
Social Capital Hedosophia Holdings Corp. V completed its combination with fintech platform SoFi on May 28, 2021.
READForge’s Public Debut Today Will Pose Fresh Test to SPAC-Led Exits
Forge Global (NYSE:FRGE) will begin to trade on the New York Stock Exchange today, having completed its merger with Motive Capital Corp as part of a SPAC combination.
The company’s combination and flotation will provide a data point regarding market appetite for such deals, and the company’s stock price will also reflect, to some degree, the level of investor optimism in other companies not going public.
READMetals Acquisition Corp. (NYSE:MTAL) announced in an 8-K this afternoon that it has entered into a silver stream equity subscription agreement, redemption backstop, and copper stream equity subscription agreement to support its combination with Glencore’s (LON:GLEN) CSA Copper Mine. On March 20, the SPAC entered into a silver stream subscription agreement with Osisko Bermuda pursuant to...
Stratim Cloud (NASDAQ:SCAQ) has entered into a definitive agreement to combine with oil and gas services provider Force Pressure at an enterprise value of $287.5 million, or 3.8x its 2022E adjusted EBITDA. The Seguin, Texas-based company provides drilling equipment and services primarily to the Eagle Ford, Permian and Haynesville basins in Texas and surrounding states....
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Electriq Power signs $300M agreement, Zapp reveals production version of i300 Carbon Launch Edition, and White & Case sues Colonnade II Electriq Power secures $300M to deploy solar + storage in California with ‘major U.S....
Fighting for digital services market share in developed markets can be uphill sledding, but what if what you are offering has no legacy competitor to replace? This week, we speak with Greg Moran, Co-Founder and CEO of Zoomcar. Zoomcar runs a ride-sharing marketplace in India, where traditional short-term rental options are rare and it announced a $456...
Digital World (NASDAQ:DWAC) announced this morning that it has replaced CEO Patrick Orlando with Eric Swider, who is stepping up from a director position. The move is the just the latest installment in a long, winding road that Digital World has taken since announcing a business combination with Trump Media and Technology Group (TMTG) all...