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).
READ
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...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...