Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Byju in negotiations with at least three SPACs, MSP Recovery’s LifeWallet announces new data, and Hiro Metaverse SPAC plans London IPO
Byju’s Aim for SPAC Merger Agreement Within a Month
India’s most valuable startup, the online education provider Byju’s, is in negotiations with at least three SPACs and is aiming to unveil plans to go public via a merger with one of them in three to four weeks, according to people familiar with the matter.
The SPACs include Michael Klein’s Churchill Capital (NYSE:CCV) and Michael Dell’s MSD Acquisition Corp. (NASDAQ:MSDA). An additional contender is Harry Sloan, a long-time Hollywood executive who has since become a prolific SPAC investor. A fourth, Altimeter Capital Management (NASDAQ:AGC), is conducting due diligence ahead of any potential offer.
READMSP Recovery’s LifeWallet Announces Data of More Than 1 Million Patients Uploaded to Platform Less Than A Month Since Launch
MSP Recovery, LLC, a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, that in July agreed to a business combination with Lionheart Acquisition Corporation II (Nasdaq: LCAPU) today announced that since releasing LifeWallet Powered by MSP Recovery less than a month ago, the data of more than 1 million patients has been uploaded onto the LifeWallet platform in partnership with leading healthcare providers.
READHiro Metaverse SPAC plans London IPO, Eyes UK Video Games Industry
Hiro Metaverse Acquisitions said on Monday it plans to raise up to 115 million pounds ($154.38 million) by listing itself on the London Stock Exchange, as the blank-check company looks to tap into the video games and metaverse industries in the UK.
The SPAC intends to focus on targets in the video games, e-sports, interactive streaming and metaverse technologies sectors, among others, with business operations in the United Kingdom, Europe or Israel.
READGreenLight BioSciences and Germains Seed Technology Partner to Explore Development of World’s First dsRNA Seed Treatment to Control Pests
GreenLight Biosciences and Germains Seed Technology, an industry leader in seed treatment technologies, today announced a research partnership agreement that could lead to the first commercial use of RNA as a seed treatment to control crop diseases and offer options to farmers looking for innovative solutions.
In August 2021, GreenLight Biosciences announced plans to become publicly listed through a business combination with Environmental Impact Acquisition Corp. (Nasdaq: ENVI).
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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...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...