Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Neuberger Berman raises $1.95B to co-sponsor SPACs, Eve signs LOI with Global Crossing Airlines, and Rubicon enters into three year partnership with city of Houston
Neuberger Berman Raises $1.95 Billion to Co-Sponsor SPACs
Asset manager Neuberger Berman has collected $1.95 billion for a debut fund to sponsor SPACs alongside CC Capital Partners, a private investment firm formed and led by ex- Blackstone Inc. dealmaker Chinh Chu.
An affiliate of Koch Industries anchors the vehicle, called Neuberger Berman Opportunistic Capital Solutions Fund, a spokesman for the company confirmed. The fund had an initial target of $1.5 billion, regulatory filing shows.
READEve and Global Crossing Airlines Sign Letter of Intent for up to 200 eVTOL Aircraft and Enable Future Collaboration for UAM
Eve UAM, LLC, an Embraer S.A. (NYSE: ERJ) company, and Global Crossing Airlines Group, Inc. have signed a Letter of Intent to order up to 200 of Eve’s electric vertical take-off and landing aircraft (eVTOL). This potential sale is included in Eve’s current order backlog of up to 1,785 eVTOLs. The company expects to start the deliveries in 2026.
Eve and Zanite Acquisition Corp. (NASDAQ:ZNTE) announced their $2.4 billion deal just a few months ago on December 21.
READRubicon Enters Into Three Year Smart City Partnership with the City of Houston
Rubicon Technologies, LLC, a digital marketplace for waste and recycling and provider of innovative software-based solutions for businesses and governments worldwide, today announced that it has entered into a three year smart city partnership with the City of Houston, Texas to help improve residential waste and recycling services for its more than 2.3 million residents.
Founder SPAC (NASDAQ:FOUN) entered into a definitive agreement to combine with digital waste pickup marketplace Rubicon in December.
READGogoro Introduces New SSmartcore Technology Platform for Two-Wheel Vehicles; Integrates LTE, Over-the-Air Updates and More
Gogoro® Inc., a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced a new SSmartcore technology platform is being introduced today on the new Gogoro SuperSport. This new technology will also be available to its Powered By Gogoro Network vehicles partners with future Gogoro Development Kits later this year.
Poema Global (NASDAQ:PPGH) entered into a definitive agreement to combine with electric vehicle (EV) battery re-charger Gogoro in September last year.
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At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...