The Latest SPAC News and Rumors: April 26, 2022
by Marlena Haddad on 2022-04-26 at 11:40am

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: SPACs draw Kenya’s interest, Trump’s Truth Social falls 9% following Twitter’s deal with Musk, and Ripplewood launches Amsterdam SPAC listing


SPACs Draw Kenya’s Interest Just as Industry Goes Cold in U.S.

Kenya’s markets regulator is considering allowing blank-check firms to list on the local stock market in an attempt to spur initial share sales in East Africa’s biggest economy.

The last initial public offering in Kenya was in 2015 when Stanlib Fahari I-REIT sold securities, according to data compiled by Bloomberg. The Nairobi Securities Exchange’s All Share Index has fallen 7.5% this year.

READ

Trump’s Truth Social SPAC Down More Than 9% Following Twitter’s Deal With Musk

Shares of Digital World Acquisition Corp (NASDAQ:DWAC), the special purpose acquisition company that said it plans to take former President Donald Trump’s social media site Truth Social public, dropped more than 9% late Monday morning after reports emerged that Twitter was poised to accept an acquisition offer from billionaire Elon Musk.

The drop comes after DWAC shares were down 4% last week after Fox News denied reports it had created an account on Truth Social.

READ

Buyout Firm Ripplewood Launches Amsterdam SPAC Listing

U.S. private equity firm Ripplewood said on Tuesday it was planning to list a special purpose acquisition company in Amsterdam in what will be this year’s second listing of a blank check vehicle on the Dutch stock exchange.

Ripplewood’s SPAC, named RA Special Acquisition Corporation, will seek to raise up to $225 million ahead of its market debut on April. 28.

RA will focus on financial services targets in Europe and will have 24 months to clinch a deal. That window can be extended by six months if approved by a shareholder vote.

READ

NuScale Power Signs Memorandum of Understanding with GS Energy, Doosan, and Samsung to Explore Small Modular Reactor Deployment

NuScale Power LLC announced today it has signed a Memorandum of Understanding (MOU) with its partners, Samsung C&T Corporation (“Samsung”), Doosan Enerbility Co., Ltd. (“Doosan”), and GS Energy Corporation (“GS Energy”) to explore the deployment of NuScale’s VOYGR™ power plants. This announcement is a critical next step in bringing NuScale’s clean energy solution to Asia.

On December 14, 2021, NuScale announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV, SVSVW).

READ

 

Recent Posts
by Nicholas Alan Clayton on 2024-03-29 at 7:38am

At the SPAC of Dawn On a day when the US markets are closed, there’s always a chance of SPAC actions sliding by as the SEC has left its EDGAR filing system open. Right on cue, Welsbach Technology (NASDAQ:WTMA) filed that it had come to a definitive agreement with battery production technology firm Evolution Metals....

by Nicholas Alan Clayton on 2024-03-28 at 1:35pm

News and Rumors PR: Bannix (NASDAQ:BNIX) has provided more information on the combination with VisionWave that it announced yesterday, specifying that the imaging technology that VisionWave will acquire from GBT Technologies will primarily seek out applications in military combat scenarios and geological surveys. PR: Grove Collaborative (NYSE:GROV), which combined with Virgin Group II in June...

by Nicholas Alan Clayton on 2024-03-28 at 7:47am

At the SPAC of Dawn Fed Chair Jerome Powell has given new hints that the administration would be showing greater levels of comfort with inflation if a cut could help improve unemployment numbers. Those numbers could get an update today at 8:30 am ET to bring new jobless claims as well as final prices for...

by Nicholas Alan Clayton on 2024-03-27 at 1:31pm

News and Rumors CNBC: Former WeWork (OTC Pink:WEWKQ) founder Adam Neumann has offered to buy back control of the company for $500 million but has yet to secure the necessary financing. WeWork went public with BowX in October 2021. PR: Satellite telecom firm Spire Global (NYSE:SPIR) has signed an agreement to build and launch two...

by Nicholas Alan Clayton on 2024-03-27 at 11:38am

Bannix (NASDAQ:BNIX) has entered into a definitive agreement to combine with VisionWave Technologies for $30 million. The combined company is expected to trade on the Nasdaq once the deal is completed with an initial outside date of September 14. Transaction Overview Bannix has about $17 million in its trust after seeing 77.4% of its shares...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved