Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Truth Social migrates to Rumble cloud and NuScale Power collaborates with U.S. Reactor Forging Consortium
Truth Social Migrates to Rumble Cloud
Today, the video platform Rumble announced that Truth Social, the social media platform created by the Trump Media & Technology Group (TMTG) that plans to merge with Digital World (NASDAQ:DWAC), has successfully migrated its website and mobile applications to Rumble’s cloud infrastructure. This migration will enable the Truth Social platform to scale significantly on a new and cancel-culture-free cloud platform. Truth Social’s move also marks the first significant customer to onboard with Rumble’s cloud services business.
Rumble announced in December 2021 the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI).
READNuScale Power Signs Collaboration Agreement with the U.S. Reactor Forging Consortium
Today, NuScale Power and the U.S. Reactor Forging Consortium (RFC), comprised of North American Forgemasters (NAF), Scot Forge, and ATI Forged Products, announced they have signed a Collaboration Agreement to leverage the existing robust forging supply chain in the U.S., to prepare NuScale to deploy its small modular reactor (SMR) technology to customers worldwide and to support, retain, and expand U.S. manufacturing jobs.
On December 14, 2021, NuScale announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV, SVSVW).
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Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....
1RT Acquisition Corp. (NASDAQ:ONCHU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ONCHU”, Wednesday, July 2, 2025. The new SPAC plans to target company in the digital asset ecosystem involved in the creation, storage, exchange or management of such assets, whether...
D. Boral ARC Acquisition II Corp. (NASDAQ:ARBCU) has filed for a $250 million SPAC to give underwriter D. Boral a second in-house SPAC to pursue deals with. The new SPAC offers investors a 1/2 warrant and an initial 18-month time frame to complete a deal. D. Boral II’s sponsor may automatically extend this once by...
Ribbon (NASDAQ:RIBB) has entered into a definitive agreement to combine with Japanese biotech firm DRC Medicine at a pro forma equity value of $422 million. Tokyo-based DRC Medicine manufactures reusable anti-bacterial and anti-allergen wearables and aims to go deeper into the medical device and pharmaceutical space. Transaction Overview Ribbon is expected to provide $50.4 million...