Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DocGo adds ports and augments its services with Carnival Corporation, and Kin Insurance continues rapid growth trajectory in third quarter 2021
DocGo Takes to Sea with Carnival Corporation
DocGo, a leading provider of last-mile mobile health services and integrated medical mobility solutions that has entered into an agreement to merge with Motion Acquisition Corp. (NASDAQ:MOTN), is adding ports and augmenting its services with Carnival Corporation to include stationing DocGo response teams on board the cruise ships.
DocGo is now working with Carnival Corporation on cruise homeports in the US. Since its first launch with Carnival Corporation, DocGo has created a footprint that reaches across Galveston, Texas, Cape Canaveral, Florida, Seattle, WA, and major ports in California and Maryland.
READKin Insurance Continues Rapid Growth Trajectory in Third Quarter 2021
Kin Insurance, Inc., a leading direct-to-consumer homeowners insurance technology company that has entered into a definitive business combination agreement with Omnichannel Acquisition Corp. (NYSE:OCA), today announced select preliminary operating results for the third quarter ended September 30, 2021.
Gross Profit from Kin’s Management Operations grew 487% to $8.0 million, compared to $1.4 million in the prior-year period.
Total Managed Premium quintupled to $27.8 million for the third quarter of 2021 compared to $5.4 million of Total Managed Premium in the prior-year period.
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At the SPAC of Dawn During a week in which rare earth mining and space de-SPACs have seen major gains, another blast from the past is making serious waves in the market. EV battery developer QuantumScape (NYSE:QS) rose to a 52-week high of $13.79 yesterday and is cruising even higher in the pre-market. The company...
Cantor Equity Partners I (NASDAQ:CEPO) has entered into a definitive agreement to combine with Bitcoin Standard Treasury in a transaction that is worth about $4.8 billion. Bitcoin Standard Treasury aims to bring in capital from a number of equity instruments to build up one of the largest US-listed Bitcoin treasuries. The combined company is expected...
At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...