Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Robotics company Symbotic in talks to merge with SVF Investment Corp. 3 for $4.5 bln, Aura and Fat Projects eye SPAC listings in New York and Singapore
Walmart-backed Symbotic in $4.5 Bln Talks to Merge With SoftBank SPAC
Walmart Inc-backed robotics and automation company Symbotic is in talks to merge with SVF Investment Corp. 3 (NASDAQ:SVFC), a blank-check vehicle backed by SoftBank Group Corp., in a deal that would value the combined firm at $4.5 billion, Sky News reported.
If successfully completed, Walmart is expected to participate in the capital-raising element of the deal known as the PIPE alongside other investors.
READAura and Fat Projects Eye SPAC Listings in New York, Singapore
Singaporean investment firms Aura Group and Fat Projects have agreed to explore launching SPACs that target technology businesses in the Asia Pacific region.
“We share the joint thesis that Southeast Asia is one of the most exciting places to invest over the next decade,” Aura co-founder Calvin Ng said in an interview. “The next billion internet users are coming online from this region.”
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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...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...