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.
READ
Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
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...