Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Eni considers listing SPAC to target energy-transition businesses, and Velodyne shares rise following Amazon investment
Eni Said to Weigh Listing SPAC to Target Clean-Energy Deal
Eni SpA is considering listing a SPAC that could target energy-transition businesses, according to Bloomberg.
The Italian oil and gas firm is working with partners on plans for the blank-check company and is in the early stages of testing investor appetite. It has been studying potential listing venues including London.
READVelodyne Lidar Shares Rise After Amazon Investment
Velodyne Lidar (NASDAQ:VLDR) surged over 50% in extended-hours trading after the company reported that Amazon had made an investment. The California-based company, which makes sensors for autonomous cars, said it planned to issue a warrant for an Amazon subsidiary to buy almost 39.6 million shares.
Amazon will get a board observer in return, as long as its stock stays above roughly 12.3 million shares, and the deal will come with a “standstill agreement.” Velodyne saw its shares rise 58% to $5.95 in the after-hours trading.
Velodyne has been trading publicly since 2020 following its merger with Graf Industrial Corp.
REAL
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...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...
At the SPAC of Dawn A brand new market may have just opened up for space de-SPACs as NASA administrator Bill Nelson announced a shift in the agency’s $11 billion program for a mission to return samples from Mars. Rather than rely on the agency’s internal technologies that would be predicted to get a sample...
Overall deal flow between SPACs and biotech firms has slowed over the last year, but some pending FDA changes could breathe new life into particular business models within the space. In particular, the FDA has asked Congress as part of its 2025 Legislative Proposals to eliminate the interchangeability designation for biosimilar medications, claiming the existing...