The Latest SPAC News and Rumors: March 3, 2023
by Marlena Haddad on 2023-03-03 at 11:33am

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

Latest SPAC News: Schultze SPAC II in talks to merge with Point Blank Enterprises


Schultze SPAC Is in Talks to Merge With Body Armor Maker Point Blank Enterprises

Blank-check firm Schultze Special Purpose Acquisition Corp. II (NASDAQ:SAMA) is in talks to merge with Point Blank Enterprises Inc., a maker of body armor, holsters, shields and other ballistic protection products, according to people with knowledge of the matter.

Founded in 1973, Pompano Beach, Florida-based Point Blank Enterprises is backed by private equity firm JLL Partners. Led by Chief Executive Officer Daniel Gaston, the company provides products to clients including the US military, federal agencies and domestic and international law-enforcement professionals, according to its website.

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