Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Gogoro unveils swappable solid state battery for electric vehicles, Snoop Dogg joins Faze Clan’s board of directors, and ex-Tesla lawyer gets $30M to join Luminar
Gogoro Unveils World’s First Swappable Solid State Battery Prototype for Electric Vehicles
Gogoro® Inc., a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced the world’s first solid-state lithium ceramic battery prototype for two-wheel battery swapping. Jointly developed by Gogoro and ProLogium Technology, a global leader in solid state battery technology, the new Gogoro solid state battery prototype integrates with Gogoro’s existing vehicles and swapping network.
Poema Global Holdings Corp. (NASDAQ:PPGH) entered into a definitive agreement to combine with electric vehicle (EV) battery re-charger Gogoro in September.
READSnoop Dogg to Join Faze Clan’s Board of Directors And Becomes Newest Talent Member
FaZe Clan, Inc. the digitally native lifestyle and media platform rooted in gaming and youth culture, announced today that the entertainment icon, avid gamer, and owner of Death Row Records, Snoop Dogg will become a member of FaZe Clan’s talent network and, upon closing of the previously announced business combination with B. Riley Principal 150 Merger Corp. (NASDAQ: BRPM), will join FaZe Clan’s board of directors.
READEx-Tesla Top Lawyer Gets $30 Million to Join Startup Luminar
Luminar Technologies Inc. (NASDAQ:LAZR) gave its new chief legal officer Alan Prescott nearly $30 million in total compensation last year to lure him away from Tesla Inc.
Prescott, a former safety engineer and in-house lawyer at Ford Motor Co., served as senior counsel for autonomous vehicles at Uber Technologies Inc. prior to joining Tesla in 2017. He became acting general counsel and corporate secretary for Elon Musk’s electric automaker in late 2019.
Luminar is a laser sensor startup backed by billionaire Peter Thiel that went public in 2020 by merging with Gores Metropoulos.
READMeesho IPO: SPAC Listing in US Or Public Offering in India on the Cards
Social commerce marketplace Meesho is looking to finalize a location and build a compliance framework by the end of this month, for its public offering planned in the first half of 2023. The Facebook and Softbank-backed company is contemplating choosing from either a public listing in India or a SPAC-listing in the US.
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News and Rumors PR: Bannix (NASDAQ:BNIX) has provided more information on the combination with VisionWave that it announced yesterday, specifying that the imaging technology that VisionWave will acquire from GBT Technologies will primarily seek out applications in military combat scenarios and geological surveys. PR: Grove Collaborative (NYSE:GROV), which combined with Virgin Group II in June...
At the SPAC of Dawn Fed Chair Jerome Powell has given new hints that the administration would be showing greater levels of comfort with inflation if a cut could help improve unemployment numbers. Those numbers could get an update today at 8:30 am ET to bring new jobless claims as well as final prices for...
News and Rumors CNBC: Former WeWork (OTC Pink:WEWKQ) founder Adam Neumann has offered to buy back control of the company for $500 million but has yet to secure the necessary financing. WeWork went public with BowX in October 2021. PR: Satellite telecom firm Spire Global (NYSE:SPIR) has signed an agreement to build and launch two...
Bannix (NASDAQ:BNIX) has entered into a definitive agreement to combine with VisionWave Technologies for $30 million. The combined company is expected to trade on the Nasdaq once the deal is completed with an initial outside date of September 14. Transaction Overview Bannix has about $17 million in its trust after seeing 77.4% of its shares...
At the SPAC of Dawn Much of the attention yesterday was on tracking the swings of the newly-completed Trump Media (NASDAQ:DJT) deal with the FT going as far to suggest it may “make SPACs great again.” Not all of the day’s data points were on the positive side of the ledger, however. IB Acquisition Corp....