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The Latest SPAC News and Rumors: August 9, 2021


The Latest SPAC News and Rumors: August 9, 2021

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

Latest SPAC News: WeWork and Cushman & Wakefield are forming a $150 million partnership and Xos signs agreement with FedEx Ground Operators to deliver zero emission electric trucks

WeWork and Cushman & Wakefield Are Forming $150M Partnership

WeWork and Cushman & Wakefield PLC are in talks about forming a $150 million partnership focused on helping office tenants adapt to remote work and flexible spaces, according to the Wall Street Journal.

Cushman would invest the $150 million in the coming merger between WeWork and BowX Acquisition, a SPAC deal that would finally take the co-working firm public.


FedEx Ground Operators Order 120 Xos Trucks for 2021 and 2022 Deliver

Xos, Inc., a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles that has announced a planned business combination with NextGen Acquisition Corporation (NASDAQ: NGAC), today announced that Xos has signed agreements with FedEx Ground operators to deliver 120 zero emission electric trucks across 35 different FedEx Ground operators based in California, New York, New Jersey, Massachusetts, and Texas.

Delivery of these vehicles is expected to occur in Q4 2021 and 2022.