Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Dish in talks to merge Boost mobile-phone business with Conx Corp., Polestar unveils new electric SUV, and Truth Social now available in Google Play store
Dish in Talks With Ergen-Backed SPAC for Wireless Merger
Dish Network Corp. (NASDAQ:DISH) is in preliminary discussions on a complex deal to merge its Boost mobile-phone business with Chairman Charlie Ergen’s blank-check company.
Ergen’s Conx Corp. (NASDAQ:CONX), which went public in 2020, is seeking an extension from shareholders to complete a business transaction so it can keep pursuing the talks, according to a statement late Wednesday. A vote on an extension will take place on Oct. 31.
READPolestar unveils a new $84,000 electric SUV it’s hoping will help cement its foothold in the U.S.
Swedish EV maker Polestar (NASDAQ:PSNY) on Wednesday unveiled a new electric SUV that it’s counting on to expand its sales and presence in the United States.
The new model, called the Polestar 3, is a five-passenger EV that the company describes as a “performance SUV.” It’ll launch with a 111 kilowatt-hour battery and a dual-motor configuration that delivers up to 517 horsepower with an estimated 300 miles of EPA-rated range.
READTruth Social Android App Now Available in the Google Play Store
Today, Trump Media & Technology Group (“TMTG”) announced that the Truth Social Android App is available for users to download in the Google Play Store. With its inclusion in the Google Play Store, Truth Social can now be accessed across all devices in the United States.
TMTG CEO Devin Nunes said, “It’s been a pleasure to work with Google, and we’re glad they helped us to finally bring Truth Social to all Americans, regardless of what device they use. Today marks a significant milestone in our mission to restore free speech online.”
READNikola founder was a ‘con man,’ U.S. prosecutor tells jurors
A prosecutor on Thursday urged jurors to convict Nikola Corp (NASDAQ:NKLA) founder Trevor Milton of fraud, calling him a “con man” who lied about the low-emission vehicle company to defraud ordinary investors.
Federal prosecutors during closing arguments in New York said Milton deceived investors about the electric- and hydrogen-powered truck maker’s technology starting in November 2019. Milton left the company in September 2020 after a report by short seller Hindenburg Research called the company a “fraud.”
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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...
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...