Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Sportradar files for IPO following SPAC flop, SomaLogic and Twist Bioscience announce partnership to create novel antibodies, and Swvl buys on-demand bus service Shotl
Sportradar Files for U.S. IPO After SPAC Merger Flops
Sports data provider Sportradar Group AG has filed for an IPO in the U.S. after merger talks with a SPAC collapsed.
The company, based in St. Gallen, Switzerland, in its filing Tuesday with the U.S. SEC listed the size of offering as $100 million, a placeholder that will likely change. Sportradar had held talks with Horizon Acquisition Corp. II (NYSE:HZAC), a blank-check company started by Eldridge Industries co-founder Todd Boehly.
READSomaLogic And Twist Bioscience Corporation Announce Partnership To Discover Novel Therapeutic Targets and Antibodies
CM Life Sciences II (NASDAQ: CMIIU) and proteomics technology leader SomaLogic, Inc. and Twist Bioscience Corporation (NASDAQ: TWST), a company enabling customers to succeed through its offering of high-quality synthetic DNA using its silicon platform, today announced a collaboration aimed at creating novel antibodies and enabling innovative drug discovery based on key disease biomarkers.
The collaboration will allow Twist to use the SomaScan® Platform to quickly identify antibodies against targets resulting from SomaLogic’s industry-leading 7,000-plex assay, believed to be one of the broadest views of the proteome available.
READSwvl Buys On-Demand Bus Service Shotl
Dubai-based transport startup Swvl has agreed to buy Shotl, an Uber-like service for bus and van operators that caters to municipalities, corporations and educational institutions, a source familiar with the matter told Reuters.
Swvl last month agreed to merge with blank check firm Queen’s Gambit Growth Capital, setting the stage for a Nasdaq listing in the fourth quarter of this year.
READPlanet And Google Cloud Partner To Bring Planetary-Scale Satellite Data Analysis To Governments and Enterprises
Under a new agreement, Google Cloud will collaborate with Planet to create joint solutions that combine Planet’s high-frequency Earth observation data with Google Cloud’s cloud-based infrastructure to enable better data-driven decision-making.
Last month, Planet entered into a definitive merger agreement with dMY Technology Group, Inc. IV (NYSE:DMYQ), a SPAC, to become a publicly-traded company.
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Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
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...