Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Former climate change secretary Amber Rudd joins Energy1, BowX announces listing transfer to NYSE, and Gogoro launches battery swapping in China
Former Climate Change Secretary Rudd to Join London-listed SPAC
Sky News reported that Amber Rudd, who served as secretary of state for energy and climate change between May 2015 and July 2016, is to become an adviser to Energy1, one of a hotly anticipated wave of new UK SPACs.
READBowX Acquisition Corp. Announces Planned Transfer of Listing to NYSE in Connection with Its Proposed Business Combination with WeWork
Upon closing of its business combination, BowX intends to voluntarily remove the listing of its shares of common stock, warrants and units from the Nasdaq Capital Market and to then list the shares of common stock and warrants of the post-combination company on The New York Stock Exchange under the ticker symbols “WE” and “WE WS”, respectively. BOWX’s Class A common stock, warrants and units will continue to trade on the Nasdaq until the closing of the transaction.
On March 25, BowX Acquisition Corp. (NASDAQ:BOWX) entered into a definitive merger agreement to combine with WeWork.
READGogoro Launches Battery Swapping In China
Gogoro, a global technology leader in battery swapping ecosystems that enable sustainable urban mobility, today launched its leading battery swapping system in China, the largest two-wheel vehicle market in the world. Gogoro is partnering with China‘s leading vehicle makers, Yadea and Dachangjiang (DCJ) to introduce the new Gogoro-powered Huan Huan battery swapping brand, first in Hangzhou and to additional cities in 2022.
In September 2021, Gogoro announced it was listing on the NASDAQ through a merger with Poema Global Holdings Corp. (NASDAQ:PPGH).
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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...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...