STOP THE WAR! Let’s support Ukraine Together

The Latest SPAC News and Rumors: January 19, 2022


The Latest SPAC News and Rumors: January 19, 2022

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

Latest SPAC News:  Angel investors plan to list SPAC targeting African startups; House Minority Leader Kevin McCarthy makes Rumble preferred platform 

Angel Investors Plan Rare SPAC Targeting African Startups

A pair of early-stage investors, who have made fivefold returns funding African startups since 2017, said they plan to list a blank-check company targeting technology companies from the continent.

Investment banker Vishal Agarwal and corporate lawyer Raj Kulasingam hope to emulate the success they saw as investors in Swvl Inc., an Egyptian bus-hailing service now based in Dubai, that’s merging with Queen’s Gambit Growth Capital (NASDAQ:GMBT). An Africa-focused SPAC would fill a gap to provide funds for a startup needing capital to rapidly expand, according to Agarwal.


House Minority Leader Kevin McCarthy Makes Rumble his Preferred Platform 

Rumble announced that U.S. House of Representatives Minority Leader Kevin McCarthy is making Rumble his preferred platform with exclusive content. McCarthy will use Rumble to make important announcements while engaging with his constituents and the American people on pressing political issues.

Rumble announced in December 2021 the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI).