Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Maritime Launch Services in merger talks with Ceres SPAC, Getty Images renews multi-year video partnership with AFP, and Bowlero sees surge in revenue
Rocket Launch Firm Maritime Said in Merger Talks With Ceres SPAC
Maritime Launch Services Ltd., a Canadian startup that owns a spaceport for commercial rocket launches, is in talks to go public through a merger with blank-check firm Ceres Acquisition Corp.
Ceres is in discussions to raise a PIPE to support a transaction that would give the combined company a valuation of about $530 million.
READGetty Images and AFP Sign Multi-Year Renewal of Video Partnership
Global visual content creator and marketplace Getty Images and Agence France-Presse (AFP), a leading global news agency, today announced the renewal of their multi-year video partnership. Since 2009, the global visual content companies have worked in partnership, leveraging their complementary strengths to ensure premium and comprehensive video coverage of global events reaches video creators around the world.
CC Neuberger II (NYSE:PRPB) entered into a definitive agreement to combine with visual content marketplace Getty on December 10.
READBowlero Sees Revenue Surge on Return of In-Person Bowling
Bowlero Corp. (NYSE: BOWL) showed strong results for the second quarter of fiscal year 2022 driven by recovery in walk-in retail revenue from the pandemic.
Bowlero saw revenue grow to over $200 million, increasing 177% year-on-year and 11% relative to pre-pandemic levels, beating analyst estimates. The return of in-person bowling also saw adjusted EBITDA grow to $66.8 million, up 26% relative to pre-pandemic levels, and also beating estimates.
Isos Acquisition Corp. announced in mid-December that its shareholders approved its combination with Bowlero.
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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...