Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ein’s Kastle Systems in talks to merge with Simon Property Group SPAC, new rules on UK listings finally kick in, and Volta Charging and Place Exchange announce strategic partnership
Ein’s Kastle Systems Is in Talks To Go Public Through Simon Property Group SPAC
Security services provider Kastle Systems, backed by veteran SPAC investor Mark Ein’s Venturehouse Group, is in talks to go public through Simon Property Group Acquisition Holdings Inc., according to Bloomberg.
READNew Rules Will Finally Unlock the UK SPAC Market
The Financial Conduct Authority’s changes to its listing rules for SPACs have finally come into play, meaning that investors are now permitted to exit prior to an acquisition being completed.
Further disclosures, such as ensuring money raised from public shareholders is ring-fenced and rules requiring shareholder approval for any proposed acquisition have also come into force.
READVolta Charging and Place Exchange Announce Strategic Partnership
Volta Industries, Inc., an industry leader in commerce-centric electric vehicle (“EV”) charging networks, which has entered into a definitive agreement for a business combination with Tortoise Acquisition Corp. II (NYSE: SNPR), announced a partnership Place Exchange, a leading supply-side platform (SSP) for programmatic digital out of home media.
The partnership significantly expands Volta Charging’s programmatic options for media buyers seeking to purchase Volta Charging’s premium placed-based inventory from any of the leading demand-side platforms (DSPs) integrated with Place Exchange.
READRocket Lab to Launch Three Back-To-Back Missions for BlackSky from Late August
Launch provider and space systems company Rocket Lab has today announced its next mission is part of a rapid launch schedule of three dedicated Electron missions for global monitoring provider BlackSky.
Scheduled to lift off from Launch Complex 1 on New Zealand’s Mahia Peninsula in late August, the ‘Love At First Insight’ mission will be Rocket Lab’s 22nd Electron launch overall and fifth mission of 2021. ‘
READSPAC Earnings Fiasco Spurs CEO Shakeup at ATI Within Two Weeks
Two weeks after its earnings debut as a public company following a merger with a blank-check firm, ATI Physical Therapy Inc. is replacing its CEO.
ATI, which operates about 900 physical therapy clinics across 25 U.S. states, said in a statement Monday that Labeed Diab stepped down as CEO and board member, effective immediately. John Larsen, on the board since 2018, was named executive chairman and will help lead the company as it searches for its next chief executive.
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Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...