Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DocGo adds ports and augments its services with Carnival Corporation, and Kin Insurance continues rapid growth trajectory in third quarter 2021
DocGo Takes to Sea with Carnival Corporation
DocGo, a leading provider of last-mile mobile health services and integrated medical mobility solutions that has entered into an agreement to merge with Motion Acquisition Corp. (NASDAQ:MOTN), is adding ports and augmenting its services with Carnival Corporation to include stationing DocGo response teams on board the cruise ships.
DocGo is now working with Carnival Corporation on cruise homeports in the US. Since its first launch with Carnival Corporation, DocGo has created a footprint that reaches across Galveston, Texas, Cape Canaveral, Florida, Seattle, WA, and major ports in California and Maryland.
READKin Insurance Continues Rapid Growth Trajectory in Third Quarter 2021
Kin Insurance, Inc., a leading direct-to-consumer homeowners insurance technology company that has entered into a definitive business combination agreement with Omnichannel Acquisition Corp. (NYSE:OCA), today announced select preliminary operating results for the third quarter ended September 30, 2021.
Gross Profit from Kin’s Management Operations grew 487% to $8.0 million, compared to $1.4 million in the prior-year period.
Total Managed Premium quintupled to $27.8 million for the third quarter of 2021 compared to $5.4 million of Total Managed Premium in the prior-year period.
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Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....
1RT Acquisition Corp. (NASDAQ:ONCHU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ONCHU”, Wednesday, July 2, 2025. The new SPAC plans to target company in the digital asset ecosystem involved in the creation, storage, exchange or management of such assets, whether...
D. Boral ARC Acquisition II Corp. (NASDAQ:ARBCU) has filed for a $250 million SPAC to give underwriter D. Boral a second in-house SPAC to pursue deals with. The new SPAC offers investors a 1/2 warrant and an initial 18-month time frame to complete a deal. D. Boral II’s sponsor may automatically extend this once by...
Ribbon (NASDAQ:RIBB) has entered into a definitive agreement to combine with Japanese biotech firm DRC Medicine at a pro forma equity value of $422 million. Tokyo-based DRC Medicine manufactures reusable anti-bacterial and anti-allergen wearables and aims to go deeper into the medical device and pharmaceutical space. Transaction Overview Ribbon is expected to provide $50.4 million...