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 Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...