Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Timberlake, Lizzo back Hydrow ahead of SPAC deal, Malaysia reviews framework for SPACs, and Embark Trucks collaborates with Cummins
Timberlake, Lizzo Back Rowing Startup Hydrow Ahead of SPAC Deal
Recording artists Justin Timberlake and Lizzo invested in Hydrow, a maker of at-home rowing machines that’s discussing going public through a merger with Sandbridge X2 Corp. (NYSE:SBII).
NFL star Travis Kelce of the Kansas City Chiefs and comedian Whitney Cummings, who like Timberlake and Lizzo, own Hydrow machines, are also among the company’s previously undisclosed investors. The foursome and retailer Fabletics join actor Kevin Hart, who was named creative director of Cambridge, Massachusetts-based Hydrow last October.
READMalaysia to Review SPACs Rules to Profit From Blockbuster Deals
Malaysia is reviewing its framework for SPACs, amid a surge in demand for such fundraising vehicles globally, according to the nation’s markets regulator.
The review is part of the Securities Commission’s five-year plan, which aims to make Malaysian markets more relevant and efficient. The move comes weeks after Singapore and Hong Kong introduced rules for blank-check companies to list in Asia’s main financial hubs.
READEmbark Testing Cummins Inc.’s Automatic Powertrain Control in Self-Driving Trucks
Embark Trucks Inc., a leading developer of autonomous technology for the trucking industry, today announced a collaboration with Cummins to accelerate the integration of next-generation truck components and controls in self-driving trucks.
Under this collaboration, Embark is testing Cummins’ automated driving system (ADS) powertrain interface to manage powertrain operations.
In June 2021, Embark entered into a definitive business combination agreement with Northern Genesis Acquisition Corp. II (NYSE: NGAB).
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Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...
At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
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....