Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Momentus SPAC backers accused of deliberately engineering a catastrophic deal
Momentus SPAC Backers Accused of Hiding Disastrous Deal’s Flaws
A Momentus Inc. (NASDAQ:MNTS) investor sued backers of its blank-check merger with a shell company, claiming they deliberately engineered a catastrophic transaction because the deal’s structure gave insiders a windfall.
The lawsuit targets Stable Road Capital LLC affiliates that sponsored the combination between a “special purpose acquisition company” and Momentus, a space infrastructure business founded by “a Russian national with opaque ties to Russian military and intelligence agencies.”
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Inflection Point Acquisition Corp II priced its upsized $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPXXU” Thursday, May 25, 2023. The Company intends to pursue a business combination with a North American or European business in disruptive growth sectors, which complements the expertise of its management...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Carbon Revolution secures $60M loan, Virgin Orbit sells assets to Rocket Lab, and Freightos freezes hiring plan Carbon Revolution Secures $60 Million Loan Carbon Revolution Limited, a Tier 1 OEM supplier and a leading...
Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it is postponing a vote to complete its combination with cloud services firm Digerati (OTC:DTGI) from 10 am ET today to the same time Friday, May 26. At the moment, 728,815 shares have been tendered for redemption in connection with the vote, which would leave just 52,013...
SPAC transactions have taken a variety of Electric Vehicle (EV) business models to the public markets. ZeroNox brings another new approach to the EV story with its focus on retrofitting fleets of off-highway vehicles for sustainability. This week, we speak with ZeroNox President and Co-Founder Robert Cruess and Yana Kakar, CEO of the Growth for...
Latest Non-Redemption Agreements: Capitalworks Emerging Markets Capitalworks Emerging Markets Acquisition Corp. (CMCA) Adds Non-Redemption Agreement On May 22, Capitalworks Emerging Markets Acquisition Corp (NASDAQ:CMCA) and its sponsor, CEMAC Sponsor LP, entered into an additional non-redemption agreement with certain unaffiliated third party in exchange for the Holder agreeing either not to request redemption, or to reverse any...