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.
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At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...
At the SPAC of Dawn A brand new market may have just opened up for space de-SPACs as NASA administrator Bill Nelson announced a shift in the agency’s $11 billion program for a mission to return samples from Mars. Rather than rely on the agency’s internal technologies that would be predicted to get a sample...