Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: LiveWire climbs in volatile trading and Rocket Lab to fire up first tests of new engine next year
Harley-Davidson’s E-Bike Spinoff Climbs in Volatile Trading
LiveWire Group Inc. (NYSE:LVWR) jumped Monday as the electric motorcycle business spun off by Harley-Davidson Inc. (NYSE:HOG) rebounded from last week’s disappointing stock market debut.
The shares surged as much as 46% during the regular session — after a 91% pop during premarket trading — despite no company announcements or other apparent news involving LiveWire. The stock was up 13% to $8.09 at 9:49 a.m. in New York.
LiveWire began trading Sept. 27 after completing a merger with AEA-Bridges Impact Corp.
READRocket Lab to fire up first tests of new engine next year
Launch company Rocket Lab (NASDAQ:RKLB) by next year plans to conduct initial hot-fire tests of a new, more powerful engine that will power its next-generation Neutron rocket, the company’s chief executive told Reuters.
Rocket Lab went public through a merger with a SPAC, in August 2021, unlocking $777 million in gross cash proceeds.
READSalunda Limited Executes Exclusive License Agreement with Transocean for HaloGuard Real-Time Zone Management Technology
Salunda Limited today has announced an exclusive license agreement with Transocean (NYSE: RIG) to make, develop and sell HaloGuard®, the offshore drilling industry’s first safety system that integrates camera and sensor technology with drilling equipment and machine controls.
Transocean’s patented HaloGuard® methodology and technology are licensed exclusively to Salunda Limited. HaloGuard® was developed by Nauticus Robotics (NASDAQ: KITT) with Salunda Limited.
CleanTech shareholders approved its combination with subsea robot company Nauticus in September 2022.
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Highview (NASDAQ:HVMCU) has filed for a $200 million SPAC that brings together members of two earlier SPAC franchises in a compelling collaboration. The new SPAC is the first to file with Jefferies as its lead underwriter since October 2024 and it offers investors a 1/2 warrant in each unit with 24 months to initially complete...
At the SPAC of Dawn This week comes to an end with one less vote on the docket than expected now that Inception Growth (OTC:IGTA) plans to adjourn. WinVest (OTC:WINV) is for now proceeding with its own completion vote. Regardless of the outcome of these two special meetings, it has nonetheless been a remarkably active...
Westin (NASDAQ:IGACU) has filed for a $50 million SPAC to hunt for targets with a Southeast Asia-based team on a generalist search. The new SPAC offers the most generous rights coverage coming to market in about a month by including a right to a 1/6 share in each unit. It will also give investors a...
BPGC (NYSE:ROSS) has entered into a definitive agreement to combine with space venture Innovative Rocket Technologies (iRocket) at a pre-money equity value of $400 million. iRocket is developing a line of rockets for use in satellite launches and defense applications that would be potentially reusable upon reentry. The combined company is expected to trade on...
At the SPAC of Dawn While many trade-focused companies remain in some form of limbo as the new landscape of US tariff policy takes shape, one de-SPAC in particular is already feeling the trade duties bite. Algoma Steel (NASDAQ:ASTL) is Canada’s only producer of steel plate and it is also the country’s only independent and...