The Latest SPAC News and Rumors: September 13, 2022
by Marlena Haddad on 2022-09-13 at 11:38am

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Grindr names George Arison CEO as it prepares for public debut, Getaround partners with GO, and Plastiq expands short-term financing offering 


Grindr Names George Arison CEO as It Prepares for Public Debut

Grindr LLC, the dating app that specializes in connections for the LGBTQ+ community, has named George Arison its new chief executive officer, fulfilling a pledge to appoint someone who identifies with that group to lead the company as it prepares to go public.

Arison, 44, is the co-founder and former CEO of auto e-commerce marketplace Shift Technologies Inc. He will start at Grindr on Oct. 19 and shepherd the company through the process of listing on the stock market through a special purpose acquisition company Tiga Acquisition Corp (NYSE:TINV) later this fall.

READ

Getaround and GO Partner to Launch Lucrative Carsharing Host Incentive Rebates

Getaround, the world’s leading digital peer-to-peer carsharing marketplace, today announced a new national partnership with GO, a leading vehicle subscription provider. Through this agreement, hosts who list their car on the Getaround platform now have rebate incentives from GO worth up to $1,200 per vehicle and can quickly and affordably start and scale their carsharing fleets.

On May 11, 2022, Getaround announced its entry into a definitive business combination agreement with InterPrivate II Acquisition Corp. (NYSE: IPVA).

READ

Plastiq Expands Short-Term Financing Offering to Help SMBs Maximize Working Capital

Plastiq Inc., a B2B payments platform built with instant access to working capital, today announced Plastiq Short-Term Financing to provide Small and Mid-Sized Businesses (SMBs) with the working capital they need to drive continued growth. This offering enables SMBs to apply for funds, get an instant decision and activate their credit line in real-time, in the same experience where the business pays vendors. While SMBs represent a $9 trillion dollar Total Addressable Market (TAM) in the United States, short-term financing has not previously been available to SMBs in this easy-to-access format.

Plastiq Inc. and Colonnade Acquisition Corp. II (NYSE: CLAA) announced in August 2022 that they have entered into a definitive business combination agreement, which values the combined company at an estimated enterprise value of approximately $480 million at closing.

READ

SatixFy Poised to Enable Direct-to-Cell 5G Non-Terrestrial Networks

SatixFy Communications Ltd., a leader in next-generation satellite communication systems based on in-house developed chipsets, ahead of the 73rd International Astronautical Congress 2022, is highlighting the potential for its technology to play a key role in the development of direct-to-cell satellite 5G services. This is a rapidly emerging area of satellite communications in which SatixFy believes it can play an important role in moving the technology forward in the coming years.

On March 8, 2022, SatixFy announced that it had entered into a definitive business combination agreement with Endurance Acquisition Corp. (NASDAQ: EDNC), a SPAC formed by an affiliate of Antarctica Capital, an international private equity firm.

READ

Suneva Medical Launches 30 mL PRP Gel Tubes of Amplifine, Allowing for More Variety and Efficiency in PRP Treatments

Suneva Medical, Inc., an innovative medical technology company using regenerative products to change the standard of care in patient treatments, today launched the 30 mL iteration of their Amplifine Platelet Rich Plasma (PRP) gel tubes, which will provide patients and practices with a larger volume of PRP to address varying areas of concern more efficiently. The 30 mL PRP tubes received a 510(k) clearance by the U.S. Food and Drug Administration (FDA) earlier this year.

On January 12, 2022, Suneva Medical and Viveon Health Acquisition Corp. (NYSE American: VHAQ), a special purpose acquisition company, announced that they entered into a definitive merger agreement.

READ

Nikola founder lied to investors about company tech, prosecutor says in fraud trial

Nikola Corp (NASDAQ:NKLA) founder Trevor Milton became a billionaire by lying to investors about the most important aspects of his low-emission vehicle company, a prosecutor told jurors as Milton’s fraud trial began on Tuesday.

Prosecutors have said Milton sought to deceive investors about the electric- and hydrogen-powered truck maker’s technology starting in November 2019. He left the company in September 2020 after a report by short seller Hindenburg Research called the company a “fraud.”


Nature’s Miracle, a Leader in the Controlled Environment Agriculture Industry, Signed an MOU with Canadian Greenhouse Developer Vermillion Growers, Inc. to Build a 60-Acre Greenhouse with Total EPC Value of $114 Million

Nature’s Miracle Inc. , announced that it has entered into a Memorandum of Understanding with Vermillion Growers, Inc. to develop a 60-acre vegetable greenhouse in Dauphin, Manitoba, Canada. The project will be completed in two phases with a total size of 60 acres.

Nature’s Miracle will provide turnkey solution including earthworks, foundations, structures (warehouses and greenhouses), machinery, irrigation, lighting in order to complete the construction of the greenhouse. The first and the second phases are expected to generate US$30 million and US$84 million in revenue, respectively, for Nature’s Miracle during the next two years.  The greenhouse will primarily produce tomatos which will be supplied to the Canadian and the U.S. market.

Nature’s Miracle Inc. and Lakeshore Acquisition II Corp. ( Nasdaq: LBBB) previously announced that they entered into a definitive business combination agreement (the “Merger Agreement”).

READ

 

Recent Posts
by Nicholas Alan Clayton on 2024-11-21 at 12:35pm

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...

by Nicholas Alan Clayton on 2024-11-21 at 8:31am

At the SPAC of Dawn Wednesday night saw two more SPACs price their IPOs, which means November’s eight listings will now eclipse October’s haul of seven and the five IPOs of September. Amid this accelerating momentum, a new name could soon be seen on a number of new SPACs. EF Hutton rebranded to D. Boral...

by Nicholas Alan Clayton on 2024-11-20 at 5:47pm

CO2 Energy Transition Corp. (NASDAQ:NOEMU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NOEMU”, Thursday, November 21, 2024. The new SPAC intends to combine with a target company that is focused on reducing emissions through the generation of renewable energy or...

by Kristi Marvin on 2024-11-20 at 5:29pm

Dynamix Corporation (NASDAQ:DYNXU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DYNXU”, Thursday, November 21, 2024. The new SPAC intends to focus its search on companies that are within the energy transition, oil and gas, and power sectors. Dynamix Corporation is...

by Nicholas Alan Clayton on 2024-11-20 at 8:24am

At the SPAC of Dawn One more shoe has dropped as the President-Elect Donald Trump works to staff his incoming administration and set priorities as he has appointed Cantor Fitzgerald CEO Howard Lutnick to lead the Department of Commerce. This ends speculation about where the head of 2024’s leading SPAC underwriter would land. The question...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved