Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SoFi launches new cryptocurrency feature and Forge debuts on NYSE, posing fresh test to SPAC-led exits
SoFi Launches No-Fee Cryptocurrency Purchases for Direct Deposit Members
SoFi Technologies, Inc. (NASDAQ:SOFI), the digital personal finance company, today announced members will now be able to invest part of every direct deposit into cryptocurrency with zero fees. This feature builds on SoFi’s robust offerings for Checking and Savings accounts, which already includes no account or overdraft fees, up to two-day early paycheck and an industry-leading 1.00% annual percentage yield (APY).
Members will be able to set a recurring purchase for the cryptocurrency of their choice with each paycheck for no purchase fee, investing either by dollar amount or percentage of their deposit, into one of 30 coins.
Social Capital Hedosophia Holdings Corp. V completed its combination with fintech platform SoFi on May 28, 2021.
READForge’s Public Debut Today Will Pose Fresh Test to SPAC-Led Exits
Forge Global (NYSE:FRGE) will begin to trade on the New York Stock Exchange today, having completed its merger with Motive Capital Corp as part of a SPAC combination.
The company’s combination and flotation will provide a data point regarding market appetite for such deals, and the company’s stock price will also reflect, to some degree, the level of investor optimism in other companies not going public.
READDespite 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...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...