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. clean energy company’
Energy storage system integrator Electriq Power signed a multi-year agreement with a “major U.S. clean-energy company,” for more than $300 million in financing to fund projects in California over the next 30 months, according to the company.
Electriq Power announced in November 2022 that it is being acquired by TLG Acquisition One Corp., a publicly traded special purpose acquisition company, and is going public. The transaction is expected to close during the first half of 2023, the combined company will operate under the name Electriq Power Holdings Inc. and will be led by existing Electriq management with Mike Lawrie joining the board as Chairman.
READZapp Reveals Production Version of i300 Carbon Launch Edition
Zapp Electric Vehicles Limited, a UK-based high-performance two-wheel electric vehicle company, today revealed the production version of its limited-run i300 Carbon Launch Edition.
On November 22, 2022, Zapp and CIIG Capital Partners II, Inc., a U.S. publicly-listed blank check company (Nasdaq: CIIG), announced that they have entered into a definitive merger agreement.
READWith no merger deal, failed SPAC faces lawsuit over legal fees
Law firm White & Case has sued a special purpose acquisition company for more than $8.2 million in legal fees, claiming it stiffed the firm after failing to consummate a planned $480 million merger and then announcing plans to wind down this month.
New York-founded White & Case sued former client Colonnade Acquisition Corp II and its directors in New York state court late Monday, arguing the firm will be “irreparably harmed” if the blank-check company liquidates and dissolves before paying the fees it owes.
Terms Tracker for the Week Ending May 9, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. After the sprint that was last week, with nine IPOs and six new SPAC filings, this week took a breather. Only two SPACs priced, there...
Lake Superior (NASDAQ:LKSPU) has filed for a $100 million SPAC as its CEO attempts to go three-for-three with SPACs that led to completed deals. This new vehicle has one right to a 1/6 share in each unit and some common features of a SPAC underwritten by Cohen & Company in this current climate. Although the...
At the SPAC of Dawn De-SPACs were among the biggest movers in yesterday’s stock market rally, but most of this momentum came on the backs of direct earnings performance. Only three US-listed companies had bigger one-day gains than quantum computing firm D-Wave’s (NYSE:QBTS) +51.2% jump. This came as the company announced $15 million in revenue...
EGH Acquisition Corp. (NASDAQ:EGHAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EGHAU”, Friday, May 8, 2025. The new SPAC aims to combine with a target company in the energy transition or sustainability arena that help industries achieve efficiencies and decarbonization....
At the SPAC of Dawn Fed Chair Jerome Powell announced yesterday that the body intends to keep rates unchanged, earning him the moniker “FOOL” by US President Donald Trump. But, the announcement could bring some stability to market, which has seen macro factors pull it a variety of directions since the start of the year....