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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Berto Acquisition Corp. (NASDAQ:TACOU) announced the pricing of its upsized $261 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TACOU”, Wednesday, April 30, 2025. The new SPAC aims to conduct a broad search for a target but will have a particular interest in artificial intelligence, wellness, longevity,...
Lakeshore Acquisition III Corp. (NASDAQ:LCCCU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LCCCU”, Wednesday, April 30, 2025. The new SPAC aims to conduct a broad search for a target with a team that has previously closed business combinations in the...
Churchill Capital Corp X (NASDAQ:CCCXU) has filed for a $300 million SPAC with a broad search focus, to add to the portfolio of Churchill deals. Five Churchill deals have closed (I, II, III, IV, and AltC), while V, VI and VII liquidated in the SPAC downturn. However, keep in mind that the Churchill team still...
Black Hawk Acquisition Corp (NASDAQ:BKHA) has entered into a definitive agreement to combine with biotech firm Vesicor Therapeutics at a pre-money equity value of $70 million. San Gabriel, California-based Vesicor is developing treatments utilizing extracellular vesicles as both a therapy themselves and as a delivery system for other medicines. The combined company is expected to...
At the SPAC of Dawn SPAC activity has continued to heat up as the market now has a new business combination to digest alongside two new SPACs making their debut on the Nasdaq later today. Three more new SPACs have filed their initial S-1s to eventually join them. That makes 29 SPAC IPOs and 49...