Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Polestar 2 vehicle now available in US and Joby resumes flight testing of eVTOL aircraft
Polestar 2 Single Motor Electric Vehicle Now Available in United States
Polestar, the premium electric performance car maker, today announced inbound availability of the all-electric Polestar 2 Long range Single motor fastback in the United States. Available to order online at Polestar.com, the single-motor Polestar 2 features an accessible starting price of $45,900, or as low as $33,400 after qualified federal and state incentives.
In September 2021, the company announced its intention to list on the Nasdaq stock exchange through a business combination with Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW and GGPIU).
READJoby Resumes Flight Testing of eVTOL Aircraft
Joby Aviation, Inc. (NYSE:JOBY), a California-based company developing an all-electric aircraft for commercial passenger service, today announced its second pre-production prototype aircraft has resumed flight testing at the Company’s pilot production facility in Marina, CA.
The aircraft first flew in January, having received approval to fly from both the Federal Aviation Administration (FAA) and the U.S. Air Force. To date, it has made 38 flights, reaching speeds of more than 90 miles per hour, in support of the Company’s aircraft type certification program.
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Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
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...