Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Grove Collaborative announces first quarter 2022 results
Grove Collaborative Announces Fiscal First Quarter 2022 Financial Results and Provides Updated Guidance
Grove Collaborative, Inc., a certified B Corp and leading sustainable consumer products company, today reported financial results for its fiscal first quarter ended March 31, 2022.
Highlights include net revenue of $90.5 million, down 11% year-over-year and gross margin of 47.2%, down 380 basis points year-over-year. Additionally, the company saw a net loss margin of (52.4)%, as compared to (37.1)% in the first quarter of 2021.
Grove and Virgin Group Acquisition Corp. II (NYSE: VGII), a publicly traded SPAC sponsored by Virgin Group, previously announced that they entered into a definitive business combination agreement that will result in Grove becoming a public company.
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McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
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....