The Latest SPAC News and Rumors: December 20, 2022
by Marlena Haddad on 2022-12-20 at 11:33am

 


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

Latest SPAC News:  EQT Private Equity completes acquisition of Billtrust, Truth Social introduces direct messaging to platform, and Florida Office of Insurance Regulation approves East Resources business combination with Abacus Life


EQT Private Equity completes acquisition of Billtrust in $1.7B deal

Global investment firm EQT Private Equity has completed its acquisition of B2B payments company Billtrust (NASDAQ:BTRS). The transaction was announced on September 28 and was approved by shareholders on December 13, 2022.

The all-cash transaction values Billtrust’s equity at about $1.7 billion and comes a year after the company began trading on Nasdaq. Under the terms, Billtrust shareholders will receive $9.50 per share in cash. With the completion of the acquisition, Billtrust has ceased trading and will no longer be listed on Nasdaq.

Billtrust combined with South Mountain Merger Corp. in January 2021.

READ

Direct Messaging Comes to Truth Social

Today, Trump Media & Technology Group (“TMTG”) announced that direct messaging (“DM”) is now available on the iOS, Android, and web versions of Truth Social. Users can now privately DM fellow users on a one-to-one basis with text-based messages containing up to 500 characters. Future updates will allow users to react to messages with emojis and exchange media attachments.

READ

Florida Office of Insurance Regulation Approves East Resources Acquisition Company’s Business Combination with Abacus Life

Abacus Settlements, LLC and Longevity Market Assets, LLC, a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, announced today that the Florida Office of Insurance Regulation executed a consent order approving East Resources Acquisition Company’s (NASDAQ: ERES) business combination with Abacus.

READ

American Acquisition Opportunity’s Merger Target, Royalty Management, Completes Investment into Heart Water Inc. and Partners on Royalty Financing Structure

American Acquisition Opportunity Inc.’s (Nasdaq:AMAO) merger target company, Royalty Management Corporation (RMC), a sustainably-driven, cash flow-oriented, royalty investment and development company, announced today that it has made an investment into Heart Water, Inc. and entered into an agreement whereby Royalty Management Corporation has the right to provide royalty based financing for the build out of Heart Water systems for a royalty-based payment structure per gallon of water sold from such facilities.

READ

 

The Latest SPAC News and Rumors: December 20, 2022
Recent Posts
by Kristi Marvin on 2025-07-10 at 8:31am

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...

by Nicholas Alan Clayton on 2025-07-10 at 8:27am

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...

by Nicholas Alan Clayton on 2025-07-09 at 12:57pm

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....

by Nicholas Alan Clayton on 2025-07-09 at 8:22am

At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...

by Nicholas Alan Clayton on 2025-07-08 at 8:11pm

Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved