Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Gogoro in talks to merge with Poema, Grab cuts projections for 2021, and Planet expands contract with NASA
Taiwanese Startup Gogoro in Merger Talks With Poema SPAC
Gogoro, a Taiwanese startup that specializes in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings Corp. (NASDAQ:PPGH).
The deal is set to value the combined company at $1 billion or more, and an announcement could come as soon as this week, according to Bloomberg.
READGrab Cuts Full-Year Outlook on Worsening Virus Outbreak
Grab Holdings Inc., Southeast Asia’s ride-hailing and delivery giant, cut projections for 2021 as the region is battling one of the world’s worst Covid-19 outbreaks due to the fast-spreading delta variant.
The Singapore-based company, which is set to go public in the U.S. through a deal with Altimeter Growth Corp. (NASDAQ:AGC), expects full-year adjusted net sales of $2.1 billion to $2.2 billion. That compares with $2.3 billion it forecast in an investor presentation in April.
Grab also expects full-year gross merchandise value of $15 billion to $15.5 billion, compared with an earlier projection of $16.7 billion.
READPlanet Expands Contract With NASA to Provide Data to All U.S. Federal Civilian Agencies Researchers
Planet, a leading provider of daily data and insights about Earth, today announced that the Company has been awarded another contract by NASA under their Commercial SmallSat Data Acquisition (CSDA) Program.
This contract grants all U.S. Federal Civilian scientific researchers and National Science Foundation funded researchers, including contractors and grantees, access to Planet data until September 2022.
Planet recently entered into a definitive merger agreement with dMY Technology Group, Inc. IV (NYSE:DMYQ).
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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...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...