Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Trump Media fires whistleblowers after sharing SEC complaint, Lavin Group revenue up 73% in 1H22, and Southland awarded $155M
Trump Media Fires Whistleblower After He Shares SEC Complaint Detailing Securities Violation
Trump Media & Technology Group (TMTG), which owns the Truth Social platform, lost no time in firing Will Wilkerson after he shared with the Washington Post a whistleblower complaint he filed with the SEC in August.
In the whistleblower complaint, the executive reportedly alleged that TMTG relied on fraudulent misrepresentations for raising money through a SPAC, in violation of federal securities laws.
READLanvin Group Revenue up 73% to €202 Million in First Half of 2022
Lanvin Group (the “Group”), a global luxury fashion group, today announced its financial results for the six-month period ended June 30, 2022. The Group plans to subsequently file an amendment to the registration statement on Form F-4 of Lanvin Group Holdings Limited, a company affiliated with the Group, reflecting these financial results with the Securities and Exchange Commission, in connection with its previously announced proposed business combination with Primavera Capital Acquisition Corporation (NYSE: PV), an affiliate of Primavera Capital Group, a leading global investment firm.
The Group’s performance in the first half of 2022 has been marked by an exceptional phase of growth, building on the strong momentum achieved in 2021. For the first six months of 2022, the Group recorded revenue of €202 million, representing industry-leading growth of 73% compared to the same period in 2021.
READSouthland Awarded $155 Million Elm Fork Water Treatment Plant Filter Complex in Dallas, Texas
Southland Holdings, LLC (“Southland”) announced today that a subsidiary in its Civil segment, Oscar Renda Contracting, has been awarded a $155 million contract to construct a water treatment plant filter complex for the City of Dallas.
The scope of work includes constructing a water filter complex, installing up to 11’ diameter water pipe, and connecting to the city’s existing treatment system. The water filter complex will connect to a 10’ diameter tunnel Southland recently finished boring for the City of Dallas on a separate project. Construction on the newly awarded project is expected to start by the end of 2022.
On May 25th, 2022, Southland entered into an Agreement and Plan of Merger (the “Agreement”) with publicly-traded Legato Merger Corp. II, a special purpose acquisition company (NASDAQ: LGTO).
READ
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...
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...
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....
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...
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...