Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Getaround announces changes in executive team and Board of Directors, and Fisker’s new electric SUV starts rolling off the assembly line
Getaround Announces Executive Team and Board Finance Leadership
Getaround, the world’s first connected carsharing marketplace, announced changes in its senior executive team and proposed Board of Directors to be in place at the closing of the InterPrivate II Acquisition Corp. business combination.
Tom Alderman, Getaround’s Vice President of Finance, has succeeded Laura Onopchenko as Chief Financial Officer. Onopchenko will remain with Getaround through November 30 to ensure an orderly transition, and remains a personal advisor to CEO Sam Zaid. Additionally, Ravi Narula has been nominated for election by InterPrivate II Acquisition Corp.’s shareholders to the post-business combination Board of Directors and, if elected, would serve as Audit Committee Chair.
On May 11, 2022, Getaround announced its entry into a definitive business combination agreement with InterPrivate II Acquisition Corp. (NYSE: IPVA).
READHenrik Fisker’s Improbable Electric SUV Starts Rolling Off the Assembly Line
Fisker Inc.’s (NYSE:FSR) new electric SUV, dubbed the Ocean, zips from zero to 60 miles per hour in as little as 3.6 seconds and is expected to offer up to 350 miles (563 kilometers) of range, a smidge more than Tesla Inc.’s (NASDAQ:TSLA) Model Y.
Even after having racked up more than 63,000 reservations for the Ocean, investors are still treating Fisker the company as a wait-and-see stock, having been burned by Nikola (NASDAQ:NKLA), whose founder was convicted of fraud last month, and other post-SPAC auto startups like Lucid Group Inc. (NASDAQ:LCID) EV maker Rivian Automotive Inc. (NASDAQ:RIVN), which staged an initial public offering a year ago, also has been plagued by shortages that keep forcing its factory to stop and go for days at time.
A month after electric-truck startup Nikola Corp. made its stock market debut and briefly exceeded Ford Motor Co.’s valuation, Fisker agreed to combine with a SPAC sponsored by private equity giant Apollo Global Management Inc. in a deal that left the carmaker flush with roughly $1 billion in cash.
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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...
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...
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...
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...
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...