Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: LanzaTech discovers method to produce sustainable PET bottles from carbon, Rubicon partners with Palantir, and D-Orbit launches sixth ION Satellite Carrier
LanzaTech, With the Support of Danone, Discovers Method to Produce Sustainable PET Bottles From Captured Carbon
A consortium, including LanzaTech and Danone, led to the discovery of a new route to monoethylene glycol, (MEG), which is a key building block for polyethylene terephthalate, (PET), resin, fibers and bottles. The technology converts carbon emissions from steel mills or gasified waste biomass directly into MEG. The carbon capture technology uses a proprietary engineered bacterium to convert carbon emissions directly into MEG through fermentation, bypassing the need for an ethanol intermediate, and simplifying the MEG supply chain. The direct production of MEG was proven at laboratory scale and the presence of MEG was confirmed by two external laboratories.
As announced on March 8th, 2022, LanzaTech has entered into a merger agreement with AMCI Acquisition Corp. II (Nasdaq: AMCI).
READRubicon Enters Strategic Partnership with Palantir Technologies
Rubicon Technologies, LLC a digital marketplace for waste and recycling and provider of innovative software-based solutions for businesses and governments worldwide, today announced that it has entered a strategic partnership with Palantir Technologies, enhancing and expanding its data, analytics, and reporting capabilities. As part of the agreement, the two organizations will also develop a joint go-to-market strategy for the commercialization of new Rubicon subscription data products and supporting workflows.
Rubicon previously announced an agreement for a business combination with Founder SPAC (Nasdaq: FOUN), which is expected to result in Rubicon becoming a public company listed on the New York Stock Exchange under the new ticker symbol “RBT” in the second quarter of 2022, subject to customary closing conditions.
READD-Orbit Launches its Sixth ION Satellite Carrier Mission
D-Orbit, the space logistics and orbital transportation company in the process of going public through a transaction with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ), today launched Infinite Blue aboard SpaceX’s Transporter-5 mission. Infinite Blue is the sixth commercial mission for D-Orbit’s proprietary orbital transfer vehicle (OTV), ION Satellite Carrier (ION).
READAkili Integrates First-of-its-Kind Prescription Video Game Treatment with the Virtual World Through Partnership With Roblox
Akili Interactive, a leading digital medicine company pioneering the development of cognitive treatments through game-changing technologies, and Roblox (NYSE: RBLX), a global platform bringing millions of people together through shared experiences, today announced a collaboration that connects patients’ medical treatments to their favorite virtual worlds.
Social Capital Suvretta I (NASDAQ:DNAA) entered into a definitive combination agreement with digital medicine company Akili Interactive on January 26, 2022.
READWallbox Expands North American Presence to Support Growing Customer Demand
Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) charging and energy management solutions worldwide, today announced continued expansion in the North American market through strategic partnerships and the opening of new facilities across the region.
Kensington Capital Acquisition Corp. II secured shareholder approval of its combination with electric vehicle (EV) charging station provider Wallbox on September 30, 2021.
READHudson I (NASDAQ:HUDA) has signed a definitive agreement to combine with EV maker Aiways Europe at an equity value of $410 million. Munich, Germany-headquartered Aiways Europe is developing a line of EV SUVs for the European market with support from an affiliate manufacturer in China. The combined company is expected to trade on the Nasdaq...
The clearest theme for the changes to come under the incoming Trump administration is lower taxes domestically and trade barriers abroad. And, the election’s impacts on the investment climate have been broadly favorable to SPACs, but this policy-making direction could have detrimental impacts on SPAC deals themselves. That’s because international targets have made up an...
At the SPAC of Dawn Activity has been picking up in SPACland after a sleepy start to the month, but the biggest news for the this corner of the market is not SPAC-specific. SEC Chair Gary Gensler announced his intention to resign on January 20. His resignation press release touted the $21 billion in penalties...
Deals and Amendments Arogo Capital (OTC:AOGO) has received notice that its merger target Ayurcann Holdings (CSE:AYUR) has terminated their business combination citing a breach on behalf of the SPAC. Ayurcann expects to be paid a $250,000 breakup free from Arogo. News and Rumors PR: Smart TV firm Innovid (NYSE:CTV), which combined with ION 2 in...
At the SPAC of Dawn Wednesday night saw two more SPACs price their IPOs, which means November’s eight listings will now eclipse October’s haul of seven and the five IPOs of September. Amid this accelerating momentum, a new name could soon be seen on a number of new SPACs. EF Hutton rebranded to D. Boral...