Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Redbox partners with Roku to attract multi-platform users and Hong Kong’s planned SPAC rules help attract Chinese tech firms
Redbox Signs Promotional Agreement with Roku to Further Attract Multi-Platform Users
Entertainment company Redbox today announced it has signed a promotional agreement with Roku to further attract multi-platform users to the Redbox streaming app.
Starting now through mid-2022, consumers will receive a $5 streaming code on Roku players sold exclusively at Walmart. Consumers can then redeem these codes by downloading the Redbox app via their Roku player and the credit is immediately available to use towards movie rentals.
On May 17, Redbox entered into a definitive agreement to combine with Seaport Global Acquisition Corp. (NASDAQ:SGAM).
READHong Kong’s Planned SPAC Rules Could Give It An Edge In Attracting Chinese Tech, BioTech Firms
Hong Kong’s proposed listing rules for SPACs could give it extra firepower in the race to attract Chinese new economy companies and biotechnology firms, according to deal makers and market observers.
However, some safeguards designed to protect retail investors may make the city’s bourse less competitive with New York and Singapore in securing IPOs by SPACs themselves without some fine-tuning.
At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
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...