Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Circle launches euro-based version of USDC stablecoin, Rumble proposes open-source moderation policy, and LATAM Cargo goes live on WebCargo
As USDC Stablecoin Gains Momentum, a Euro Version Is On Its Way
Circle Internet Financial Ltd. is launching a euro-based version of its popular USDC stablecoin, which has been gaining traction after its closest rival Tether has come under increased scrutiny.
Euro Coin — EUROC — will be available June 30 to institutional customers as a regulated, euro-backed stablecoin, issued under the same full-reserve model as USDC, Circle said in a statement Thursday.
The growth of USDC has doubled the value of Circle’s planned merger with special purpose acquisition company Concord Acquisition Corp. (NYSE:CND) to $9 billion. However, the date of the deal’s closing has been pushed back multiple times amid heightened scrutiny of SPAC mergers.
READRumble Proposes an Open-Source Content Moderation Policy & Process to Improve Transparency & Put Creators First
Today, the video streaming platform Rumble announced the first phase of an updated content moderation process designed by creators and anchored in transparency. The proposed moderation policies were designed by leading Rumble and Locals creators Robert Barnesand David Freiheit, both of whom are also accomplished attorneys.
Under the proposed policies, content creators will be able to express themselves to interested audiences within the limits of the law and without harassment while ensuring a consistent and transparent process as the platform continues its rapid growth. Rumble welcomes feedback on the proposed policies from the platform’s creators and users, which it will consider before implementing the new policies as part of the platform’s terms of use later this year.
The company announced in December 2021 the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI).
READLATAM Cargo, the top South American carrier, goes live with eBookings on WebCargo
Over the past three years, air cargo has undergone a digital revolution, driving more reliable, accurate, and accessible supply chains. Digital Air Cargo is expanding to South America with LATAM Cargo, the largest South American carrier, offering real-time pricing and booking for forwarders on WebCargo, a leading global cargo booking platform. LATAM Cargo, which offers services to over 135 destinations in more than 20 countries, is the first South American carrier to go live on WebCargo.
WebCargo joined the Freightos Group in 2016. In June 2022, Freightos announced that it signed a business combination agreement with Gesher I Acquisition Corp. (NASDAQ:GIAC) with the intent of going public.
READTerms Tracker for the Week Ending November 22, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. SPACs finally broke the DeSPAC announcement drought exactly 30 days from the last DeSPAC announcement with Hudson Acquisition I Corp.’s news they had reached the...
Hudson 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...