Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Flair Airlines in talks to merge with former Boeing CEO’s SPAC, and DWAC says early talks with Trump Media were not ‘substantive’
Flair Airlines Is in Talks to Merge With Ex-Boeing CEO’s SPAC
Flair Airlines Ltd., a low-cost Canadian airline, is in talks to go public through a merger with New Vista Acquisition Corp. (NASDAQ:NVSA), a blank check-firm backed by a former Boeing Co. chief executive officer, according to people with knowledge of the matter.
New Vista may seek to raise additional financing to support a transaction, said one of the people, all of whom requested anonymity in order to discuss private information. The special purpose acquisition company is led by Dennis Muilenburg, Boeing’s CEO from 2015 to 2019.
READSPAC Tied to Trump Media Says Early Talks Were Not ‘Substantive’
For nearly a year, regulators have been examining whether a proposed merger involving the social media company backed by former President Donald J. Trump broke securities laws.
To save the deal ahead of a December deadline, lawyers for Digital World Acquisition Corp. (NASDAQ:DWAC), the special purpose acquisition company that plans to merge with Trump Media & Technology Group, recently met with regulators to plead their case. Trump Media stands to get $300 million if the deal is completed, money it would use to fund its Truth Social media platform.
Lawyers for Digital World recently told regulators that the SPAC had not violated any rules by talking to Trump Media before going public.
READTerms Tracker for the Week Ending December 2nd, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As we slide into December, and the holiday season, we recognized two new S-1 registration statements and zero IPOs. The two new S-1s consisted of...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC Liquidations: NightDragon, VectoIQ II, and Fortistar Sustainable Solutions Corp. Night Dragon Acquisition Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination NightDragon Acquisition Corp. (NASDAQ: NDAC) anticipates that the last trading day...
Lakeshore Acquisition I Corp. (NASDAQ:LAAA) disclosed this afternoon that its shareholders have approved its business combination with medical device company ProSomnus during a special meeting held earlier today. Approximately 92.4% of the votes cast at the meeting on the business combination proposal, representing approximately 80.5% of Lakeshore’s outstanding shares, voted to approve the deal. The SPAC disclosed...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Embark director Elaine Chao and others sued over SPAC merger, Alvotech switches CEO and takes COO from Teva, and Uber Freight and Aurora expand pilot Embark Director Elaine Chao, Others Sued Over SPAC...
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among potential targets in the security industry. We look at why they are compelling and why each could be a fit for a blank-check merger. Security is on the market’s mind and is expected to grow at a CAGR...