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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Considerations for Creating Shareholder Value in a Volatile Market Join us for a virtual panel on December 14, 2022 The current trends of rising interest rates and inflationary cost increases, among other things, have imposed downward pressures on publicly traded equity prices, especially for businesses that became publicly traded via a de-SPAC merger. Please...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Virgin Galactic appoints new top lawyer, Trump Media SPAC rises after investors approve merger deadline extension, and Al Maadeed to be first Qatari to list company on NYSE Virgin Galactic, Preparing for Liftoff,...
PMV Consumer (OTC PINK:PMVC) announced that it is redeeming all non-insider public shares for approximately $10.09 per share, but it will not be dissolving just yet. The SPAC is set to provide written redemption notices to each shareholder and trust proceeds are to be distributed within 30 days of these notices. PMV Consumer will then...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Ex-Marvel chief takes the wheel at Arrival, Paysafe plans reverse stock split, and Dave Inc. to pursue a bank charter Founder of troubled electric van maker Arrival steps aside as CEO The founder...
Digital World (NASDAQ:DWAC) announced late Wednesday that its shareholders have approved amending its charter to allow for automatic three-month extensions of its transaction deadline until September 8, 2023. This brings to close a long drama during which Digital World adjourned the vote without concluding business six times at different meetings in September, October and November....