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The Latest SPAC News and Rumors: September 8, 2022
by Marlena Haddad on 2022-09-08 at 12:34am

 


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

Latest SPAC News: Rumble launches new livestreaming lineup and DocGo aims to expand mobile medical services in U.S. and overseas


Rumble Takes On Traditional Media Outlets With New ‘Rumble Exclusives’ Livestreaming Lineup

Rumble, the video sharing platform, announced plans to launch ‘Rumble Exclusives,’ an innovative livestreaming lineup featuring independent creators and a two-way dialogue with their audiences.

In the coming months, the company plans to sign top-tier creative talent to fill a daily lineup of livestreams leveraging the Rumble platform and Rumble’s community-based subscription platform, Locals. The first daily livestream, hosted by Pulitzer Prize-winning journalist Glenn Greenwald, will start later this month. The programs will consist of a livestreamed show on Rumble.com followed by a live two-way dialogue on Locals, between the creator and their subscribing audience on Locals.com.

In December 2021, the company announced the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI).

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On the heels of going public, DocGo aims to expand mobile medical services in the U.S. and overseas

DocGo, formerly called Ambulnz, hit the public market Monday after closing its merger with a blank check company. DocGo merged with special purpose acquisition company Motion Acquisition Corp., and the SPAC merger implies an equity value of about $1.1 billion, according to the company’s original announcement of the transaction in March.

The company will have $200 million on its balance sheet “when the smoke settles,” CEO Stan Vashovsky said Monday, to expand its geographic footprint in mobile health services.

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Recent Posts
by Nicholas Alan Clayton on 2022-12-08 at 2:28pm

Parsec Capital (NASDAQ:PCX) announced in an 8-K this morning that it has begun the process of liquidating its trust account, but the filing also curiously notes that the team is trying to carry on with its announced combination with Enteractive Media. The announcement matches what the SPAC said in its 10-Q filed November 18, that...

by Marlena Haddad on 2022-12-08 at 12:56am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Palihapitiya blames Fed for crushing the blank-check bubble, and Hong Kong is set to regain top-three IPO ranking in 2022 SPAC king Chamath Palihapitiya says the Fed crushed the bubble in blank-check firms...

by Marlena Haddad on 2022-12-08 at 12:50am

PHP Ventures Acquisition Corp. (NASDAQ: PPHP) has entered into a definitive agreement to combine with ConstrucTech company Modulex Modular Buildings Plc (“Modulex”) at a valuation of $600 million. UK-based Modulex manufactures 3D volumetric steel modular buildings and harnesses emerging technologies to meet housing and infrastructure needs. The combined company is expected to trade on the...

by Nicholas Alan Clayton on 2022-12-08 at 11:53am

7GC & Co.  (NASDAQ:VII) has entered into a definitive agreement to combine with video engagement platform Banzai at an enterprise value of $380 million, or 17.3x its revenue in the 12 months ending in September 2022. Bainbridge Island, Washington-based Banzai provides a suite of virtual event management and analytical tools through a software-as-a-surface (SaaS) model....

by Marlena Haddad on 2022-12-08 at 10:52am

AlphaTime Acquisition Corp. (NASDAQ:ATMC) filed its S-1 yesterday morning for a $60 million IPO as the second SPAC to file for an IPO in December thus far. The new SPAC has set its sights on businesses in Asia that have the potential to generate strong, stable, and increasing free cash flow, particularly businesses with predictable revenue streams...

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