Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Lucid investors could be forced to endure windfall, and Aurora says its next generation hardware kit will debut later this year
Lucid’s SPAC Investors Could Be Forced to Endure a Windfall
With Lucid (NASDAQ:LCID) hovering around $21.70, investors could almost double their money. However, the catch is that if Lucid closes above $18 for 20 of 30 trading days — a hurdle cleared as of this week — it can demand that public holders use the warrants right now.
This means investors would lose their risk-free chance to reap huge benefits from the EV revolution if things work out, and anyone who refuses would see their warrants effectively wiped out.
On top of that, investors have to come up with fresh cash to exercise the warrants, with Lucid getting about half a billion dollars. Adding some insult to injury, insiders who hold their own series of private warrants wouldn’t necessarily have to turn them in.
READAurora Closes in On Production Version of Self-Driving Truck Technology
Mountain View, California-based Aurora Innovations (NASDAQ:RTPY) says its new hardware kit Fusion will debut in commercial pilots this year and will lay the foundation for the production version and launch of the trucking and ride-hailing business.
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A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...