The Latest SPAC News and Rumors: August 8, 2023
by Marlena Haddad on 2023-08-08 at 11:35am

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

Latest SPAC News: Bitdeer completes mining facility in Bhutan and SEC ends investigation into Better.com


Bitdeer Completes Mining Facility in Bhutan

The bitcoin mining firm Bitdeer Technologies (NASDAQ: BTDR) founded by Jihan Wu has completed the construction of a mining facility in Bhutan and is making progress with its operations.

Jihan Wu is a prominent figure in the cryptocurrency space and co-founder of Bitmain, a major manufacturer of cryptocurrency mining hardware.

Bitdeer successfully made its debut on Nasdaq in April through a merger with a special purpose acquisition company (SPAC), boasting a valuation of $1.18 billion.

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SEC ends investigation into Better.com, which continues to bleed cash ahead of planned SPAC vote

The U.S. Securities and Exchange Commission (SEC) said it does not intend to recommend an enforcement action against digital mortgage lender Better.com. The pronouncement comes after an investigation on the part of the SEC to determine if violations of federal securities laws had occurred.

Last July, the SEC began looking into whether Better.com had violated federal securities laws, requesting documents from both the company and SPAC partner Aurora Acquisition Corp. (NASDAQ:AURC) about their business activities.

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The Latest SPAC News and Rumors: August 8, 2023
Recent Posts
by Nicholas Alan Clayton on 2025-07-17 at 12:54pm

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by Nicholas Alan Clayton on 2025-07-17 at 8:29am

At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...

by Kristi Marvin on 2025-07-16 at 5:33pm

Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...

by Nicholas Alan Clayton on 2025-07-16 at 8:18am

At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...

by Nicholas Alan Clayton on 2025-07-15 at 7:20pm

Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...

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