Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Hong Kong’s first SPAC aims for $1B, Joby nears completion of air carrier certification, and Terran Orbital awarded Lockheed Martin contract
Hong Kong’s First SPAC Aquila Aiming for $1B
Aquila Acquisition (7836), Hong Kong’s first SPAC, is aiming to raise about HK$1 billion after setting its offering price at HK$1.05 million per board lot.
The China Merchants Bank-backed SPAC is offering 100.065 million Class A Shares at HK$10 apiece as well as 50.0325 million listed warrants.
The blank check firm is expected to debut this Friday after announcing its IPO results on Thursday.
READJoby Nears Completion of Part 135 Air Carrier Certification
Joby Aviation Inc. (NYSE:JOBY), a California-based company developing all-electric aircraft for commercial passenger service, today announced the Company has begun the fourth of five stages to receive its Part 135 Air Carrier Certificate from the Federal Aviation Administration (FAA).
Reinvent Technology Partners completed its combination with Joby Aviation at a special meeting held in August last year.
READTerran Orbital Awarded Contract in Support of the Space Development Agency’s Tranche 1 Transport Layer
Terran Orbital Corporation, a leading vertically integrated provider of end-to-end satellite solutions, announced that its wholly owned subsidiary, Tyvak Nano Satellite Systems, Inc., was awarded a contract by Lockheed Martin to build 42 satellites for the Space Development Agency’s Tranche 1 Transport Layer, the Initial Warfighting Capability Tranche of the National Defense Space Architecture (NDSA).
Terran Orbital has previously announced that it entered into a business combination agreement with Tailwind Two Acquisition Corp. (NYSE: TWNT), pursuant to which Terran Orbital will combine with Tailwind Two.
READAcacia Research Taps Starboard SPAC Executive as M&A Chief
Acquisition platform Acacia Research Corp (NASDAQ:ACTG), backed by activist fund Starboard Value and a recent bidder for retailer Kohl’s Corp, appointed one of the hedge fund’s senior executives on Tuesday to oversee all aspects of its takeover business.
The firm, which acquires businesses in sectors including technology, retail, and healthcare, appointed Martin McNulty Jr. as its chief operating officer and head of mergers and acquisitions, Acacia Chief Executive Officer Clifford Press told Reuters.
READTerms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
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...