Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Byju’s founder in $800M funding round with BlackRock, Wag! announces record 4Q and full year 2021 results, and Romeo Power partners with Wrightspeed
Byju’s Founder in $800 Million Funding Round With BlackRock
Byju Raveendran is investing $400 million in his namesake and India’s most valuable startup, Byju’s, leading an $800 million funding round alongside investors BlackRock Inc. (NYSE:BLK), Sumeru Ventures and Vitruvian Partners.
The funding round has closed even as the Bangalore-headquartered edtech startup is in negotiations with at least three SPACs with plans to go public via a merger. The SPACs include Michael Klein’s Churchill Capital (NYSE:CVII) and Michael Dell’s MSD Acquisition Corp. (NASDAQ:MSDA), and the SPAC promoted by Harry Sloan, a long-time Hollywood executive.
READWag! Announces Record Fourth Quarter and Full Year 2021 Results, Beats Initial Revenue and EBITDA Guidance
Wag Labs, Inc., an American pet services marketplace company powering a mobile-first technology platform that enables on-demand and scheduled dog walking, training, and other pet care services, which recently announced it would become publicly traded through a merger with CHW Acquisition Corp. (Nasdaq: CHWA), today announced financial results for its fourth quarter and full fiscal year ending December 31, 2021.
READRomeo Power and Wrightspeed Announce “Powertrain in a Crate” to Safely Repower School Buses, Transit Buses and Certain Medium and Heavy Duty Trucks Into Zero Emission Electric Vehicles
Romeo Power (NYSE: RMO) and Wrightspeed, today announced that they are working together to leverage Romeo Power’s high-capacity battery packing and module technology along with Wrightspeed’s high torque, high-efficiency powertrain system to accelerate electrification in the bus, and medium and heavy duty truck market.
RMG Acquisition Corp. announced in a press release that its shareholders approved its combination with Romeo Power on December 28, 2020.
READVendome Acquisition Corporation I (NASDAQ:VNMEU) has filed for a $150 million SPAC to hunt for a consumer target in a developed market. Investors in the new SPAC will get a 1/2 warrant in each unit and its trust is not overfunded. But, Vendome I may potentially have a sooner redemption event than most recently issued...
Timber Road Acquisition Corp. (NASDAQ:TMRDU) has filed for a $200 million SPAC to put its team’s real estate investing experience to work as it conducts a broad search for a target. The new SPAC is to include one right to a 1/8 share in each unit and is underwritten by Roth Capital Partners. It becomes Roth’s...
At the SPAC of Dawn Votes are beginning to come in as the market returns to normal business, and four SPACs still have four more special meetings on the docket for extensions this week. TLGY (OTC:TLGYF) is set to have its meeting at 9 am ET today and it primed the pump with a letter...
Gores Holdings X, Inc. (NASDAQ:GTENU) has filed for a $260 million SPAC to continue building the consistent track record of the Gores team. This is to be the team’s first outing with Santander as its underwriter after all 15 previous Gores SPACs were underwritten by Deutsche Bank. Of these, 14 made it to an IPO...
Ares Acquisition Corporation II (NYSE:AACT) has entered into a definitive agreement to combine with autonomous trucking firm Kodiak at a pro forma enterprise value of $2.67 billion. Mountain View, California-based Kodiak has developed driverless heavy truck technology for the industrial, logistics and defense sectors. Transaction Overview Ares II has an estimated $556 million in trust...