Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Wag! announces record 1Q results, Semantix launches new analytics feature, and Presto partners with Famous Dave’s
Wag! Announces Record First Quarter 2022 Results, Exceeds Initial Revenue and Adjusted EBITDA Guidance
Wag Labs, Inc., an American pet services marketplace company powering a mobile-first technology platform that enables on-demand and scheduled dog walking, training, and other pet care services, which recently announced it would become publicly traded through a merger with special purpose acquisition company, CHW Acquisition Corporation (Nasdaq: CHWA), today announced financial results for its first quarter ending March 31, 2022.
Gross bookings increased 141% to $17.5 million, compared to $7.3 million in the first quarter of 2021 while revenue increased 273% to $9.7 million, compared to $2.6 million in the first quarter of 2021.
READSemantix Launches Analytics Chat
Semantix, Latin America’s first fully integrated data platform, announced today the availability of Semantix Analytics Chat, a new feature giving Semantix Data Platform users the ability to glean analytical insights into the performance of their business through easy-to-use chat functionality. The new capability is powered by Natural Language Processing (NLP) and instantly provides accurate and timely answers to commonly asked business questions.
Alpha Capital (NASDAQ:ASPC) entered into a definitive agreement to combine with data software platform Semantix in November 2021.
READFamous Dave’s Partners With Presto to Deploy Next-Gen Pay-at-Table Technology, Boost Labor Productivity and Guest Experience
Presto, a leader in the restaurant hospitality technology industry, has been selected by Famous Dave’s, owned by BBQ Holdings (NASDAQ: BBQ), as the exclusive provider of its next generation pay-at-table solutions. Designed to provide a faster and more delightful guest experience, boost guest loyalty sign-ups and improve labor productivity, the Presto pay-at-table systems will roll-out to the corporate Famous Dave’s restaurants in the United States over the next few months.
On November 10, 2021, Presto announced the execution of a definitive merger agreement with Ventoux CCM Acquisition Corp. (NASDAQ: VTAQ) that will result in Presto becoming a publicly listed company.
READWallbox Inaugurates Its New Factory in Barcelona
The President of the Generalitat de Catalunya, Pere Aragonès, the Minister for Industry, Trade and Tourism, Reyes Maroto, and the Mayor of Barcelona, Ada Colau, inaugurated Wallbox’s new plant this morning, a leading provider of electric vehicle (EV) charging and energy management solutions, located in Barcelona’s Zona Franca.
Kensington Capital Acquisition Corp. II completed its combination with EV charging station provider Wallbox in September 2021.
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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...
Terms 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...