The Latest SPAC News and Rumors: May 26, 2022

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 8^th, 2022, LanzaTech has entered into a merger agreement with AMCI Acquisition Corp. II (Nasdaq: AMCI).

Rubicon 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.

D-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).

Akili 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.

Wallbox 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.