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.
READTerms Tracker for the Week Ending November 15, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The drought in De-SPAC deals continues without a single announced combination since October 23rd. That’s more than three weeks now with SPACs experiencing a dry...
Few corners of the market have seen a bigger boost from the result of the US elections than the crypto industry, and SPACs are always sure to be drawn to where the action is. But, in crypto’s case, this is a play that SPACs have been involved in before, so the question is more of...
At the SPAC of Dawn As more information continues to trickle out about what investors should expect from the Trump 2.0 tax changes, it has become increasingly clear that the $7,500 EV tax credit is on the outs. Such a change could shift the strategies for many EV de-SPACs and prospective SPAC targets in the...
Horizon Space Acquisition II Corp. (NASDAQ:HSPTU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HSPTU”, Friday, November 15, 2024. The new SPAC intends to make a broad search for a target with a strong management team and long-term revenue visibility. Horizon...
At the SPAC of Dawn The US is set to get its first jobs report of the post-election period as well as the producer price index (PPI) for several baskets of products. Traders will be waiting to see if the PPI reflects the same unexpected bump in inflation recorded in the last consumer price index...