Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Backers of Super Group deal hit with lawsuit and Freightos partners with Electrolux Group
Super Group’s Blank-Check Backers Hit With SPAC Deal Challenge
An investor sued architects of the blank-check merger between online gambling company Super Group (NYSE:SGHC) Ltd. and a shell entity, claiming they duped shareholders into approving a lousy deal that made insiders rich.
The lawsuit targets the finance and sports industry veterans—including former senior executives at Goldman Sachs & Co. and the NFL—who sponsored Sports Entertainment Acquisition Corp., the special purpose acquisition company that combined with Super Group to take it public. Super Group operates the digital sports betting platform Betway and Spin, an online casino.
Electrolux Group Taps Freightos for Real-Time Procurement of Air Freight
Electrolux Group, a global leader in home appliances, has announced a new partnership with Freightos (NASDAQ: CRGO), the leading global freight booking platform, to improve its freight booking process across its forwarders and carriers. The partnership follows a successful proof of concept addressing efficiencies in cost estimation, booking, and end to end tracking and air freight visibility.
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...
At the SPAC of Dawn Futures sit slightly red as investors return from holidays of barbecues and fireworks to renewed concerns about where US President Donald Trump’s tariff policy might hamper trade. The latest shift produced a further one-month delay in most of the tariffs Trump has threatened to impose as his administration continues to...
Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...