Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Payment technology company Paya explores sale, Wag! announces promotion with Tractor Supply and Petsense, and Gelesis announces $15M pre-order for Plenity
Payment Technology Company Paya Is Said to Explore Sale
Paya Holdings Inc. (NASDAQ:PAYA), a payments technology company that went public in 2020 through a blank-check deal, is exploring a potential sale amid takeover interest, according to people familiar with the matter.
Paya is working with an adviser to field interest, the people said, asking not to be identified because the matter is private. Large, publicly traded payments companies are circling the company as bidders, the people said.
Fintech Acquisition Corp. III secured shareholder approval for its $1.3 billion business combination with Paya in October 2020.
READWag! Announces Promotion With Tractor Supply and Petsense
Wag Labs, Inc. (“Wag!” or the “Company”), an American pet services marketplace company powering a mobile-first technology platform that enables on-demand and scheduled dog walking, training, and other pet care services today announced a promotion with Tractor Supply (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, and its wholly-owned subsidiary Petsense to provide a range of pet service options to their customers. This promotion is exclusive to Tractor Supply and Petsense.
Wag! recently announced a definitive business combination agreement with CHW Acquisition Corporation (Nasdaq: CHWA) (“CHW”).
READGelesis Announces Additional $15 Million Pre-Order for Plenity, Bringing Total Pre-Paid Orders from Ro for Plenity to $55 Million
Gelesis announced today that Ro, a leading and rapidly growing U.S. direct-to-patient healthcare company, has placed a $15 million pre-paid order for the company’s commercial product for weight management, Plenity®. This is in addition to previous Plenity pre-orders from Ro totaling $40 million.
Capstar Special Purpose Acquisition Corp. completed its business combination with biotherapeutics firm Gelesis on January 12, 2022.
READAt the SPAC of Dawn On a day when the US markets are closed, there’s always a chance of SPAC actions sliding by as the SEC has left its EDGAR filing system open. Right on cue, Welsbach Technology (NASDAQ:WTMA) filed that it had come to a definitive agreement with battery production technology firm Evolution Metals....
News and Rumors PR: Bannix (NASDAQ:BNIX) has provided more information on the combination with VisionWave that it announced yesterday, specifying that the imaging technology that VisionWave will acquire from GBT Technologies will primarily seek out applications in military combat scenarios and geological surveys. PR: Grove Collaborative (NYSE:GROV), which combined with Virgin Group II in June...
At the SPAC of Dawn Fed Chair Jerome Powell has given new hints that the administration would be showing greater levels of comfort with inflation if a cut could help improve unemployment numbers. Those numbers could get an update today at 8:30 am ET to bring new jobless claims as well as final prices for...
News and Rumors CNBC: Former WeWork (OTC Pink:WEWKQ) founder Adam Neumann has offered to buy back control of the company for $500 million but has yet to secure the necessary financing. WeWork went public with BowX in October 2021. PR: Satellite telecom firm Spire Global (NYSE:SPIR) has signed an agreement to build and launch two...
Bannix (NASDAQ:BNIX) has entered into a definitive agreement to combine with VisionWave Technologies for $30 million. The combined company is expected to trade on the Nasdaq once the deal is completed with an initial outside date of September 14. Transaction Overview Bannix has about $17 million in its trust after seeing 77.4% of its shares...