Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: New SPAC ETF plots Wall Street launch, Singapore SPAC plans merger with EUDA Health, and SeatGeek announces record fourth quarter
New SPAC ETF Plots Wall Street Launch Even as the Market Craters
A new exchange-traded fund is on the way looking to tap the once red-hot SPAC market, even as investor enthusiasm for blank-check firms sputters and existing products stumble.
The actively managed RiverNorth SPAC Focus ETF would invest in SPACs before they merge with their targets, according to a filing with the Securities and Exchange Commission this week.
READSPAC Listing in US on the Cards for S’pore Digital Healthcare Platform EUDA
Singapore-based special purpose acquisition company 8i Acquisition 2 Corp is planning a business combination with home-grown digital healthcare platform EUDA Health.
EUDA, founded by Singapore doctor Kelvin Chen in 2017, uses its proprietary artificial intelligence-driven healthcare analytics platform to digitally connect patients, insurers, and medical professionals to optimize patient care.
SeatGeek Announces Record Fourth Quarter and Fiscal 2021 Financial Results
SeatGeek, the tecology platform that is transforming the live-event experience for fans, teams, and venues, today announced record financial results for the fourth quarter and fiscal year ended December 31, 2021.
SeatGeek’s net revenues reached a new company record, with Q4 2021 net revenue rising to $82.5 million, up approximately 45% from $56.8 million in Q3 2021 and versus $4.8 million in Q4 2020, when most live events were suspended or cancelled due to the global COVID-19 pandemic. Gross profit of $47.6 million in Q4 2021 was also a company record, up approximately 34% from $35.4 million in Q3 2021.
As previously announced, SeatGeek entered into a Business Combination Agreement with RedBall Acquisition Corp., a publicly traded special purpose acquisition company (NYSE:RBAC).
READMSP Recovery Announces Significant Progress Towards Settlements and Strategic Alliance
MSP Recovery, LLC, a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery leader, which has previously announced a planned business combination with Lionheart Acquisition Corporation II (Nasdaq: LCAP), today announced significant progress toward securing recoveries from its portfolio of assigned claims, representing an estimated $364 billion in Paid Amount.
MSP Recovery is announcing new strategic alliances with leading law firms Milberg Coleman Bryson Phillips Grossman, PLLC and Rivero Mestre, LLP , who are each committing significant resources to litigating more reimbursement recovery cases for MSP Recovery.
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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...
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...