Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Getaround expands operations in Seattle, Better faces whistle-blower lawsuit, and Voltus to provide distributed energy resources to relieve grid shortages in U.S. and Canada
Getaround Brings Expanded Carshare Access to the City of Seattle
Getaround, the world’s leading digital carsharing marketplace, today announced that the company is expanding operations in the city of Seattle, Washington to increase residents’ access to reliable transportation with expanded carsharing. The company has collaborated with the Seattle Department of Transportation (SDOT) to bring carshare vehicles to dedicated parking spaces across the city.
On May 11, 2022, Getaround announced its entry into a definitive business combination agreement with InterPrivate II Acquisition Corp. (NYSE: IPVA).
READBetter Whistle-Blower Suit Accuses CEO of Misleading Investors
Better, the online mortgage lender whose chief executive officer infamously fired 900 staffers on a Zoom call, is now facing a whistle-blower lawsuit.
CEO Vishal Garg misled investors in his effort to keep them on board with his plans to take the company public, an ex-executive said in a complaint filed Tuesday in Manhattan federal court.
READVoltus Expects to Provide Nearly 2,600 MW of Distributed Energy Resources to Relieve Grid Shortages Across the U.S. and Canada
Voltus, Inc., the leading DER software platform, announced today that its nearly 2,600 MW portfolio is prepared to help meet anticipated supply shortages this summer across the U.S. and Canada. In a recently published report, the North American Electric Reliability Corp. (NERC) warned that Texas, New England, the Midcontinent Independent System Operator (MISO), and parts of the West are at higher risk of energy shortfalls.
On November 30, 2021, Broadscale Acquisition Corp. (Nasdaq: SCLE) entered into a definitive agreement for a business combination with Voltus.
READDespite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...