Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: ECombustible in talks to merge with Benessere Capital; Redbox teams up with entertainment company Curiosity on multi-faceted agreement
Hydrogen Fuel Firm ECombustible Eyes Up to $1 Billion SPAC Deal
ECombustible, a maker of hydrogen-based fuel, is in talks to merge with blank-check firm Benessere Capital Acquisition Corp. (NASDAQ:BENE), according to Bloomberg.
Benessere is discussing a potential deal that could value the combined entity at about $800 million to $1 billion.
Redbox Teams Up with Factual Entertainment Media Company Curiosity on Multi-Faceted Agreement
Leading entertainment company Redbox today announced it has signed a multi-faceted agreement with Curiosity Inc., the global factual media company, to bring more entertainment options to Redbox customers. As part of the agreement, Redbox will promote Curiosity’s subscription video on demand service (SVOD), Curiosity Stream, and include select content from Curiosity on Redbox’s fast-growing Ad Supported Video on Demand (AVOD) and Free Ad Supported Streaming Television streaming (FAST) services.
The company recently announced a definitive agreement to combine with Seaport Global Acquisition Corp. (NASDAQ:SGAM).
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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...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...