The Latest SPAC News and Rumors: November 4, 2021

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Nikola expects $125 million penalty in tentative pact with SEC, and Super Group provides update on Betway’s European soccer sponsorship and partnership deals

Nikola Sees $125 Million Fine as It Discusses Deal With SEC

Nikola Corp. (NASDAQ:NKLA) said it is in settlement discussions with U.S. regulators in which the company would pay a $125 million civil penalty, bringing the embattled electric-truck maker a step closer to closing an investigation that’s cast a shadow over its path to production.

The company expects to pay the fine in installments, with a final deal subject to further negotiations with the Securities and Exchange Commission, the company said Thursday as it reported third-quarter financial results. The agency has been examining claims by a short-seller that Nikola deceived investors about its business prospects.

Super Group Provides Update on Betway’s European Soccer Sponsorship and Partnership Deals for 2021/22 Season

SGHC Limited, the parent company of leading online sports betting and gaming business Betway, and Spin, the multi-brand online casino, which has entered into a business combination agreement with Sports Entertainment Acquisition Corp. (NYSE: SEAH), today provided an update on Betway’s European soccer sponsorship and partnership deals.

Betway continues to make significant progress expanding its presence and commercial relationships across Europe’s top soccer leagues, recently renewing its sponsorship deal with Belgium’s Croky Cup, the country’s most renowned knockout competition, and becoming the official sports betting partner of the 11-time La Liga winner Atlético de Madrid in Spain.