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The Latest SPAC News and Rumors: April 13, 2023
by Marlena Haddad on 2023-04-13 at 11:34am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News:  Digital World names new CFO, ConnectM announces its MELI-Mobility hardware passes standard test


Trump-backed SPAC Digital World names new CFO

Digital World Acquisition Corp (NASDAQ:DWAC), a blank-check firm that is set to merge with former U.S. President Donald Trump’s media and technology company, on Thursday named Katherine Chiles as its chief financial officer.

The development comes after Digital World in March ousted Chief Executive Patrick Orlando, saying that due to “unprecedented headwinds faced by the company” the board had agreed to select a new management team.

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ConnectM Announces Its MELI-Mobility Hardware Passes Standard Test, Now Cleared for Sales in India

ConnectM Technology Solutions, Inc., a vertically integrated clean energy technology and solutions provider for buildings and all-electric OEMs, today announced its MELI-Mobility (Vehicle Control Unit) hardware product has passed every standard test in India in the first iteration without any re-tests and validations. The tests were conducted by ARAI, a prime Testing and Certification Agency notified by Government of India under Rule 126 of Central Motor Vehicle Rules, 1989. All Auto OEMs must confirm certain safety and regulatory standards on vehicles sold in India

As previously announced on January 3, 2023, ConnectM signed a definitive business combination agreement with Monterey Capital Acquisition Corporation (Nasdaq: MCAC), a special purpose acquisition company, that will result in a newly combined company to be publicly listed if such transaction is consummated.

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by Nicholas Alan Clayton on 2023-06-01 at 2:41pm

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by Marlena Haddad on 2023-06-01 at 11:34am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Lucid to raise $3B in a common stock offering from Saudi owners, Betsy Cohen says SPACs will make a comeback, and SatixFy makes another leadership change  Lucid Raising $3 Billion With More Money From...

by Kristi Marvin on 2023-06-01 at 9:36am

An article on Bloomberg yesterday announced what many in SPAC Land have been wondering after UBS acquired Credit Suisse – where was Niron Stabinsky, the Head of SPACs at Credit Suisse, going to land? The answer is Banco Santander SA, in what appears to be a massive lift of most (or nearly all) of Credit...

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