Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Astra Space shares tumble after rocket fails to reach orbit and Ginkgo Bioworks and Givaudan enter multi-program collaboration
Astra Space Drops Most Since SPAC Deal After Mission Fails
Astra Space Inc. (NASDAQ:ASTR) shares plunged the most since going public last month after a weekend mission failed to carry a test payload into orbit.
The company’s 45-foot-tall rocket took off unsteadily Saturday from a pad at the Pacific Spaceport Complex in Alaska, flew for more than 2 minutes and then suffered what Astra described as “technical difficulties.”
Astra tumbled 17% to $9.68 after dropping as much as 24%.
READGinkgo Bioworks and Givaudan Enter Multi-Program Collaboration to Produce a Series of Ingredients
Ginkgo Bioworks, Inc., which is building the leading horizontal platform for cell programming, today announced the signing of a multi-program collaboration with the world’s leading fragrance & beauty company Givaudan.
Ginkgo, which recently announced a business combination with Soaring Eagle Acquisition Corp. (NASDAQ:SRNG), serves customers across industries seeking to develop new and better products.
Givaudan will leverage Ginkgo’s long-established expertise in enabling companies to develop bio-based products to produce a number of innovative and sustainable ingredients through fermentation.
READ
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...