Below is a daily summary of links to theca latest SPAC news and rumors gathered across the web.
Latest SPAC News: FaZe Clan teams up with DraftKings, Astroscale signs MOU with Virgin Orbit, and France’s Melanion Capital to launch “green” bitcoin-focused SPAC
Gaming and Content Trailblazer FaZe Clan Teams Up With DraftKings
Today, DraftKings Inc. (NASDAQ: DKNG) announced a new deal with FaZe Clan, becoming the Official Sports Betting, iGaming, Daily Fantasy, and Free-to-Play Partner of the leading gaming, lifestyle and media platform.
As part of the deal, DraftKings will appear across FaZe’s digital content ecosystem, including custom content, livestream and tournament events, plus new IP and formats highlighted by original series and a new planned podcast.
DraftKings entered into a definitive agreement to acquire Golden Nugget Online Gaming (NASDAQ:GNOG) in a tie-up of two de-SPACs earlier this year in August.
READResponsive Satellite Servicing and Sustainable Space Launches Get a Boost Through Astroscale, Virgin Orbit Partnership
Astroscale Holdings Inc., the market leader in satellite servicing and long-term orbital sustainability across all orbits, today announced it has signed a Memorandum of Understanding with Virgin Orbit, the responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (NASDAQ: NGCA).
The MOU establishes a new partnership in which the two companies will seek opportunities to cooperate on a series of space initiatives that will drive the future of space sustainability and on-orbit servicing ecosystem. Astroscale is planning dozens of missions over the next decade and is in discussions with Virgin Orbit to launch as many as 10 of those on Virgin Orbit’s LauncherOne. The two companies are also working toward a future joint mission concept focused on satellite servicing.
READFrance’s Melanion Capital to Launch “Green” Bitcoin-Focused SPAC
Melanion Capital is to list a SPAC focused on acquiring and developing businesses linked to “green and clean bitcoin”.
The Paris-based asset manager, which already oversees a number of crypto exchange-traded funds, said the new company will invest in firms that hold, trade, mine and lend bitcoin mined with environmentally friendly origins.
READEliot Tubis and EJT Holdings Increase Stake in Codere Online Merger
Eliot Tubis and EJT Holdings announced an increase in their stake to over 4% in the outstanding public warrants of DD3 Acquisition Corp II (NASDAQ:DDMX), as the merger with Codere Online looks to close this week.
Codere Online is one of the leading, online-gaming companies in Europe and is expanding rapidly across Latin America, providing innovative sports betting services and online casino games.
READAt the SPAC of Dawn While the dealmaking environment appears to be improving in the US, there are changes afoot down under that could have both positive and negative effects for SPAC deals completed in Australia. The country has hosted five SPAC transactions over the past two years, which has made it a low-key popular...
Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) has entered into a definitive agreement to combine with fintech firm Linqto at an enterprise value of $700 million. San Jose, California-based Linqto provides a platform for investors to invest in private venture-backed startups. The combined company is expected to trade on the Nasdaq once the deal is completed...
At the SPAC of Dawn As noted in Monday’s morning roundup, SPAC activity has slowed to start April, but one of today’s votes is notable for a variety of reasons. Screaming Eagle (NASDAQ:SCRM) shareholders are set to vote on the fourth-largest deal by enterprise value that has been announced since the start of 2023. The...
JVSPAC (NASDAQ:JVSA) has entered into a definitive agreement to combine with Philippines hospitality firm Hotel101 at an equity value of about $2.3 billion. Hotel101 is a subsidiary of Manila-based budget hospitality brand of conglomerate DoubleDragon that is focused on providing standardized hotel rooms across its full network. The combined company is expected to begin trading...
SPAC deals have provided a variety of ways to try and ride the growth in the private aviation space. One of the most successful so far has been to approach it not through the aircraft or sales of flights, but as an infrastructure play. This week, we speak with Francisco Gonzalez, CFO of private hangar operator...