The Latest SPAC News and Rumors: November 11, 2022
by Marlena Haddad on 2022-11-11 at 11:34am

 


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

Latest SPAC News: Polestar Q3 loss narrows, DWAC has wild ride triggered by midterm elections, and Cvent partners with Zoom for live events


Polestar Q3 loss narrows, expects hit from rising costs

Polestar (NASDAQ:PSNYW) on Friday reported a smaller third-quarter operating loss as revenue more than doubled and the company cut spending, sending shares soaring 29% in early trading.

However, the electric vehicle (EV) maker warned that higher raw material costs would start to hurt later in the year.

Polestar, which listed on the Nasdaq exchange in June via a merger with a SPAC, said rising costs for raw materials used to make its batteries had not yet fully hit because of set contracts.

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Trump-Tied SPAC Has Wild Ride Triggered by Midterm Elections

The blank-check company trying to merge with Donald Trump’s nascent social-media business is more than ever a bet on the former president’s political prospects.

The shares of Digital World Acquisition Corp. (NASDAQ:DWAC) soared 66% Monday, after Trump — campaigning for candidates he endorsed in the midterm elections — teased a possible announcement next week that he’s running for the White House again. The stock tumbled 20% Wednesday after those politicians fared worse than expected, prompting some pundits to say the Republican Party was moving on from Trump.

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Cvent Partners with Zoom for Live, Hybrid Events


 

The Latest SPAC News and Rumors: November 11, 2022
Recent Posts
by Nicholas Alan Clayton on 2025-07-14 at 12:51pm

Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...

by Nicholas Alan Clayton on 2025-07-14 at 11:13am

Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...

by Kristi Marvin on 2025-07-14 at 9:19am

This week, we speak with Kyivstar CEO Oleksandr Komarov about the company’s $2.2 billion dollar combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR). Few companies have been had to forge themselves in the flames recently quite like Ukraine’s leading telecom and digital services provider Kyivstar. Now, Kyivstar is not only telling that story but pitching it to...

by Nicholas Alan Clayton on 2025-07-14 at 8:30am

At the SPAC of Dawn The market still has one full trading session before it adds Tuesday’s Core CPI reading and a variety of Fed comments to messaging it is already ingesting on US President Donald Trump’s ever-shifting tariff policy. SPACs are meanwhile continuing on with business as usual, with Cayson (NASDAQ:CAPN) announcing the third...

by Kristi Marvin on 2025-07-12 at 10:02am

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...

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