Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Timberlake, Lizzo back Hydrow ahead of SPAC deal, Malaysia reviews framework for SPACs, and Embark Trucks collaborates with Cummins
Timberlake, Lizzo Back Rowing Startup Hydrow Ahead of SPAC Deal
Recording artists Justin Timberlake and Lizzo invested in Hydrow, a maker of at-home rowing machines that’s discussing going public through a merger with Sandbridge X2 Corp. (NYSE:SBII).
NFL star Travis Kelce of the Kansas City Chiefs and comedian Whitney Cummings, who like Timberlake and Lizzo, own Hydrow machines, are also among the company’s previously undisclosed investors. The foursome and retailer Fabletics join actor Kevin Hart, who was named creative director of Cambridge, Massachusetts-based Hydrow last October.
READMalaysia to Review SPACs Rules to Profit From Blockbuster Deals
Malaysia is reviewing its framework for SPACs, amid a surge in demand for such fundraising vehicles globally, according to the nation’s markets regulator.
The review is part of the Securities Commission’s five-year plan, which aims to make Malaysian markets more relevant and efficient. The move comes weeks after Singapore and Hong Kong introduced rules for blank-check companies to list in Asia’s main financial hubs.
READEmbark Testing Cummins Inc.’s Automatic Powertrain Control in Self-Driving Trucks
Embark Trucks Inc., a leading developer of autonomous technology for the trucking industry, today announced a collaboration with Cummins to accelerate the integration of next-generation truck components and controls in self-driving trucks.
Under this collaboration, Embark is testing Cummins’ automated driving system (ADS) powertrain interface to manage powertrain operations.
In June 2021, Embark entered into a definitive business combination agreement with Northern Genesis Acquisition Corp. II (NYSE: NGAB).
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Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...
At the SPAC of Dawn Futures sit slightly red as investors return from holidays of barbecues and fireworks to renewed concerns about where US President Donald Trump’s tariff policy might hamper trade. The latest shift produced a further one-month delay in most of the tariffs Trump has threatened to impose as his administration continues to...
Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...