The Latest SPAC News and Rumors: December 13, 2021
by Marlena Haddad on 2021-12-13 at 11:41am

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

Latest SPAC News: Harley Davidson surges on SPAC deal to list electric-motorcycle unit and ex-Commerzbank CEO SPAC reaches digital entertainment deal


Harley Surges on SPAC Deal to List Electric-Motorcycle Unit

Harley-Davidson Inc. (NYSE:HOG) jumped the most in 13 months after the company said it would list its electric-motorcycle unit publicly through a merger with a blank-check company, capping off a busy year for reverse mergers in the electric-vehicle industry.

Harley rose 15% to $42.43 at 9:38 a.m. in New York after climbing as much as 18%, the most intraday since late October 2020.

The LiveWire division will merge with AEA-Bridges Impact Corp. (NYSE:IMPX), a SPAC that focuses on sustainability, and is expected to trade on the New York Stock Exchange under the ticker symbol “LVW,” the companies said in a statement Monday.

READ

Ex-Commerzbank CEO SPAC Reaches Digital Entertainment Deal

The SPAC backed by Martin Blessing, a former chief executive officer of Commerzbank AG, will merge with Dutch digital entertainment company Azerion Holding BV.

The deal between Blessing’s SPAC, called EFIC1, values Azerion at about 1.3 billion euros ($1.5 billion), the two companies said in a statement Monday that confirms an earlier Bloomberg report. The company will rename as Azerion Group NV and start trading on the Amsterdam stock exchange in February.

READ

Recent Posts
by Nicholas Alan Clayton on 2024-03-28 at 1:35pm

News and Rumors PR: Bannix (NASDAQ:BNIX) has provided more information on the combination with VisionWave that it announced yesterday, specifying that the imaging technology that VisionWave will acquire from GBT Technologies will primarily seek out applications in military combat scenarios and geological surveys. PR: Grove Collaborative (NYSE:GROV), which combined with Virgin Group II in June...

by Nicholas Alan Clayton on 2024-03-28 at 7:47am

At the SPAC of Dawn Fed Chair Jerome Powell has given new hints that the administration would be showing greater levels of comfort with inflation if a cut could help improve unemployment numbers. Those numbers could get an update today at 8:30 am ET to bring new jobless claims as well as final prices for...

by Nicholas Alan Clayton on 2024-03-27 at 1:31pm

News and Rumors CNBC: Former WeWork (OTC Pink:WEWKQ) founder Adam Neumann has offered to buy back control of the company for $500 million but has yet to secure the necessary financing. WeWork went public with BowX in October 2021. PR: Satellite telecom firm Spire Global (NYSE:SPIR) has signed an agreement to build and launch two...

by Nicholas Alan Clayton on 2024-03-27 at 11:38am

Bannix (NASDAQ:BNIX) has entered into a definitive agreement to combine with VisionWave Technologies for $30 million. The combined company is expected to trade on the Nasdaq once the deal is completed with an initial outside date of September 14. Transaction Overview Bannix has about $17 million in its trust after seeing 77.4% of its shares...

by Nicholas Alan Clayton on 2024-03-27 at 7:33am

At the SPAC of Dawn Much of the attention yesterday was on tracking the swings of the newly-completed Trump Media (NASDAQ:DJT) deal with the FT going as far to suggest it may “make SPACs great again.” Not all of the day’s data points were on the positive side of the ledger, however. IB Acquisition Corp....

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved