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 There are signs that the macro environment for SPACs is gradually improving, but the Screaming Eagle team yesterday announced a non-redemption agreement for its combination with Lionsgate Studios. Such agreements are generally a lever one pulls when a SPAC expects a potentially turbulent closing. All in all, the terms for...
Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
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...