Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Rumble launches new livestreaming lineup and DocGo aims to expand mobile medical services in U.S. and overseas
Rumble Takes On Traditional Media Outlets With New ‘Rumble Exclusives’ Livestreaming Lineup
Rumble, the video sharing platform, announced plans to launch ‘Rumble Exclusives,’ an innovative livestreaming lineup featuring independent creators and a two-way dialogue with their audiences.
In the coming months, the company plans to sign top-tier creative talent to fill a daily lineup of livestreams leveraging the Rumble platform and Rumble’s community-based subscription platform, Locals. The first daily livestream, hosted by Pulitzer Prize-winning journalist Glenn Greenwald, will start later this month. The programs will consist of a livestreamed show on Rumble.com followed by a live two-way dialogue on Locals, between the creator and their subscribing audience on Locals.com.
In December 2021, the company announced the execution of a definitive business combination agreement with CF Acquisition Corp. VI (NASDAQ: CFVI).
READOn the heels of going public, DocGo aims to expand mobile medical services in the U.S. and overseas
DocGo, formerly called Ambulnz, hit the public market Monday after closing its merger with a blank check company. DocGo merged with special purpose acquisition company Motion Acquisition Corp., and the SPAC merger implies an equity value of about $1.1 billion, according to the company’s original announcement of the transaction in March.
The company will have $200 million on its balance sheet “when the smoke settles,” CEO Stan Vashovsky said Monday, to expand its geographic footprint in mobile health services.
Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...