Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Amprius Technologies files for 5 GWh production facility, and Drilling Tools International announces distribution agreement with CT Energy for RotoSteer
Silicon anode battery producer files for 5 GWh production facility in Colorado
Amprius Technologies has signed a letter of intent to build a 775,000 square foot battery manufacturing facility capable of producing 5 GWh of silicon anode-based lithium-ion batteries in the coming years.
In May 2022, the company announced plans to list as a public company through a SPAC merger with Kensington Capital Acquisition Corp.(NYSE:KCGI), which closed in September 2022 valued at $939 million.
READDrilling Tools International Announces Distribution Agreement with CT Energy Services for RotoSteer
Drilling Tools International, a leading oilfield services company that rents downhole drilling tools, and CT Energy Services, an innovative drilling tool solutions company for the global oil and gas market, today announced DTI as the exclusive US distributor of CT Energy’s RotoSteer™. The two companies will cooperate to maximize the effective launch of the technology in the US, Canada, and other International locations.
On February 14, 2023, DTI announced an agreement for a business combination with ROC Energy Acquisition Corp. (Nasdaq: ROC), which is expected to result in DTI becoming a public company listed on the Nasdaq under the new ticker symbol “DTI” in the second quarter of 2023.
READX-energy to Open First Plant Support Center for Xe-100 Advanced Small Modular Reactor Fleet
X-Energy Reactor Company, LLC, a leading developer of advanced modular nuclear reactors and fuel technology for clean energy generation, today announced plans for its first Xe-100 reactor fleet management, monitoring, and training facility in Frederick, Maryland. Called the Plant Support Center-East (PSCE), this regional center marks the first step in X-energy’s Commercial Operations Services business and will support the initial deployment of the Company’s advanced modular reactor plants.
As previously announced on December 6, 2022, X-energy entered into a definitive business combination agreement with Ares Acquisition Corporation (NYSE: AAC).
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At the SPAC of Dawn As a rough week in the market comes to a close, at least one de-SPAC has some cause to show off. Many fashion brands were among the hard hit in recent days and not simply for macro reasons. Luis Vuitton-owner LVMH (PA:MC) dropped this week after an earnings miss led...
Shepherd Ave Capital Acquisition Corp. (Nasdaq: SPHAU) is the latest SPAC to file to IPO, making 24 new registration statements that have filed since June 1, 2024. So far, only two of those 24 have gone public, but it does indicate an active August. In SPACLand at least, August is never slow. As for Shepherd...
At the SPAC of Dawn SPACs have now priced 20 IPOs seven months into 2024 with an eye on beating 2023’s total of 31 IPOs. With a little more than 5 months left in the year, it’s expected that SPACs should at least match that number by only needing to price roughly two IPOs per...
DT Cloud Star announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DTSQU”, Thursday, July 25, 2024. The new SPAC aims to combine with an established business with long-term financial visibility, but has not limited itself to a particular industry or sector....
Launch Two (NASDAQ:LPBBU) has filed for a $200 million IPO that shows how the market has shifted for new issuance since its sister SPAC Launch One (NASDAQ:LPAAU) filed just over a month ago. Both SPACs are underwritten by Cantor Fitzgerald and seeking nominally the same raise at IPO, but Launch Two is overfunding its trust...