Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Solid Power aims to ship first solid-state battery cells by year-end to BMW, Ford
Solid Power aims to ship first solid-state battery cells by year-end to BMW, Ford
Solid Power, a developer of solid-state batteries for electric vehicles that combined with Decarbonization Plus III in December 2021, aims to begin shipping pre-production battery cells by year-end for validation testing by partners BMW and Ford Motor, the company said on Monday.
In an interview, Doug Campbell, Solid Power’s chief executive and co-founder, said the Colorado company has set up a pilot production line to provide validation samples to automakers while looking for a manufacturing partner to begin producing its cells as early as 2026. One prospective partner, he said, is Korea’s SK Innovation, which is building joint-venture battery plants with Ford in Tennessee and Kentucky.
READPABLO AIR enters Korean urban air mobility market together with Vertical Aerospace, other leading technology companies
PABLO AIR CEO Kim Young-Joon, a member of the Born2Global Centre, announced that it had launched a consortium with LG Uplus, Jeju Air, GS Caltex, Kakao Mobility, and Vertical Aerospace to commercialize K-UAM and signed a business agreement to participate in the Korean government’s “Korea Urban Air Mobility Grand Challenge (K-UAM GC).”
Britain’s Vertical Aerospace—a leading global UAM aircraft manufacturer that has already received pre-orders for more than 1,350 eVTOLs from the global market—will be in charge of producing UAM aircraft for the consortium. The company is currently scheduled to perform a UAM pilot flight at the upcoming 2024 Paris Olympics. It closed its combination with Broadstone in December 2021.
READSelina Reports First Quarter 2022 Performance, Updates Timing of Combination Completion
Selina, the fast-growing lifestyle and experiential hospitality brand targeting Millennial and Gen Z travelers which has entered into a business combination agreement with BOA Acquisition Corp. (NYSE: BOAS), today announced that the company generated first quarter 2022 Total Revenue of $39.9 million, a 150.8% increase from the first quarter of 2021. Selina’s portfolio of 155 open and secured properties that span the globe produced strong quarterly operational results, continuing the positive momentum from a record-setting 2021 with an average quarterly Occupancy Rate of 51.1%, an increase of 57.1% Y-o-Y.
On December 2, 2021, Selina announced a proposed merger with BOA Acquisition Corp., a publicly traded special purpose acquisition company. The transaction, which is subject to customary closing conditions, is now expected to close in the third quarter of 2022.
READUSPS expects to boost purchase of electric delivery vehicles
The U.S. Postal Service (USPS) said on Wednesday it is seeking to boost the number of electric delivery vehicles it plans to buy as it modernizes its network for a new delivery plan. The USPS currently plans to buy at least 10% EVs including 10,019 of an initial $2.98 billion order of 50,000 from Oshkosh Defense. The Postal Service said it is exploring options for accelerating production of the initial 10,019 BEVs toward the front of the line and “anticipates taking advantage of the flexibility built into the contract with Oshkosh to increase the number of BEVs purchased in the initial delivery order.”
The new delivery strategy includes placing large carrier operations inside unused mail processing plants and “dramatically improving transportation efficiency by eliminating unnecessary trips, reducing mail handlings, increasing reliability, and decreasing time to delivery,” USPS said.
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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....