Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: FlyExclusive expands partnership with SmartSky, and Graphjet announces agreement with Quantum Science
FlyExclusive, SmartSky Expands Wi-Fi Partnership Ahead of IPO
After announcing last week that it would become a publicly traded company through a $600 million special purpose acquisition company merger, flyExclusive also shared that it was planning to purchase as many as 14 Cessna Citations from Textron Aviation.
The news comes as the Part 135 operator also expanded its partnership with SmartSky Network, the fast-growing air-to-ground (ATG) inflight connectivity provider. During the 2022 National Business Aviation Association’s Business Aviation Convention and Exhibition (NBAA-BACE) held in Orlando last week, the companies teamed up to display SmartSky’s latest technology onboard a flyExclusive jet, following the installation of the ATG hardware on a series of Cessna Citation Xs at flyExclusive’s facilities in Kinston, North Carolina.
READGraphjet Technology Announces Agreement with Quantum Science for Nanomaterials and Quantum Dot Technologies
Graphjet Technology Sdn. Bhd., an innovative graphene and graphite producer, today announced a memorandum of agreement with UK based Quantum Science Ltd. The companies intend to explore technical and commercial opportunities deploying Graphjet’s sustainably sourced high purity graphite and graphene products in conjunction with Quantum Science’s nanomaterials and quantum dot (QD) technologies.
Plans are already underway for the two parties to create a flagship new materials platform and co-develop a range of new products that accelerate technological advances, with work due to start as soon as the agreement is finalized in early 2023.
Privately held Graphjet has also previously proposed a $1.5 billion business combination with Energem Corp (NASDAQ: ENCP), a special purpose acquisition company, by which Graphjet will become a United States based holding corporation listed on the Nasdaq Stock Exchange.
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Silver Pegasus Acquisition Corp. (NASDAQ:SPEGU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPEGU”, Tuesday, July 15, 2025. The new SPAC plans to search within the technology sector, with a focus on semiconductors and systems solutions. Silver Pegasus Acquisition Corp.’s management...
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...