Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: GoLogiq in discussions to combine with Nasdaq listed company and cybersecurity software developer Arqit to sell satellite business
GoLogiq in Late-Stage Discussions for Business Combination with Nasdaq Listed Company
GoLogiq, Inc. (OTC:GOLQ), a U.S.-based global provider of fintech and consumer data analytics, announced that the company has advanced to late stage discussions and has signed a non-binding letter of intent with a Nasdaq listed company for a planned business combination.
READArqit launches sale of satellite division
British cybersecurity software developer Arqit (NASDAQ:ARQQ) has hired financial adviser Silverpeak to sell its space division following interest from potential buyers, according to a source close to the process.
The division’s assets include a quantum encryption satellite Redwire is building that is partly funded by the European Space Agency, the person told SpaceNews, along with patents, intellectual property, commercial contracts worth more than $65 million, and a team of around 40 engineers.
Arqit completed its business combination with Centricus in September 2021.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: SMX to create new subsidiary, trueSilver, and enters into exclusive agreement with Sunshine Minting SMX Extending Metals Business with trueSilver Aiming Both for Fashion Luxury and Bullion Products SMX (NASDAQ:SMX) is pleased to announce...
Rice II (NYSE: RONI) announced in an 8-K today that its shareholders have approved its combination with energy technology company NET Power with relatively low redemptions. In the end, 21,195,224 shares were redeemed in connection vote, removing 61% of Rice II’s trust. This is the second best result among the 32 deals that have come...
Trajectory Alpha (NYSE:TCOA) announced in an 8-K this morning that it has opted to postpone its June 8 extension vote to June 12 at 10 am ET. The SPAC will use this extra time to engage with shareholders at work to reverse redemption decisions. Trajectory Alpha’s team may still be getting acquainted with some major...
Tracking SPACs and all of their various types of “corporate actions” can be challenging. After all, a SPAC can postpone, adjourn, extend, complete, liquidate early, do a tender offer, and in some cases, one SPAC do all of those actions within its lifespan. Naturally, this can be challenging to manage. More importantly, it can very...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Byju skips payment on dollar loan and HNR affirms intent to purchase equity interests of Pogo Resources High-Flying Indian Startup Byju’s Skips Payment on Dollar Loan One of India’s best-known startups has skipped payment...