Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Gogoro in talks to merge with Poema, Grab cuts projections for 2021, and Planet expands contract with NASA
Taiwanese Startup Gogoro in Merger Talks With Poema SPAC
Gogoro, a Taiwanese startup that specializes in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings Corp. (NASDAQ:PPGH).
The deal is set to value the combined company at $1 billion or more, and an announcement could come as soon as this week, according to Bloomberg.
READGrab Cuts Full-Year Outlook on Worsening Virus Outbreak
Grab Holdings Inc., Southeast Asia’s ride-hailing and delivery giant, cut projections for 2021 as the region is battling one of the world’s worst Covid-19 outbreaks due to the fast-spreading delta variant.
The Singapore-based company, which is set to go public in the U.S. through a deal with Altimeter Growth Corp. (NASDAQ:AGC), expects full-year adjusted net sales of $2.1 billion to $2.2 billion. That compares with $2.3 billion it forecast in an investor presentation in April.
Grab also expects full-year gross merchandise value of $15 billion to $15.5 billion, compared with an earlier projection of $16.7 billion.
READPlanet Expands Contract With NASA to Provide Data to All U.S. Federal Civilian Agencies Researchers
Planet, a leading provider of daily data and insights about Earth, today announced that the Company has been awarded another contract by NASA under their Commercial SmallSat Data Acquisition (CSDA) Program.
This contract grants all U.S. Federal Civilian scientific researchers and National Science Foundation funded researchers, including contractors and grantees, access to Planet data until September 2022.
Planet recently entered into a definitive merger agreement with dMY Technology Group, Inc. IV (NYSE:DMYQ).
READDespite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
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...