Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bill Ackman’s SPAC calls investor claim that it’s illegal ‘fictional’, and SoundHound partners with Netflix
Bill Ackman’s SPAC Calls Investor Claim That It’s Illegal ‘Fictional’
Bill Ackman’s Pershing Square Tontine Holdings Ltd. (NYSE:PSTH) called investor claims that it’s operating illegally not just implausible, but “fictional,” and repeated a request that the shareholder’s lawsuit be thrown out.
Shareholder George Assad sued the blank-check company in August, less than a month after it abandoned plans for a deal with Universal Music Group, claiming it’s not a SPAC, but an investment company and should be regulated as one.
READSoundHound Inc. and Netflix Partner to Voice-Enable RDK-Based Set-Top Boxes
SoundHound Inc., a global leader in voice artificial intelligence, currently in the process of becoming a public company through its expected merger with Archimedes Tech SPAC Partners Co. (NASDAQ: ATSPU) today announced they will partner with Netflix to provide a voice AI interface for its Da Vinci Reference Design Kit solution.
The addition of the voice user interface will allow operators to provide more convenient, easier, and hands-free experiences to their subscribers without the need to develop a voice solution on their own—thereby reducing time-to-market and costs.
READTerms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...