Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: LanzaTech produces ethylene from CO2, Selina provides first half 2022 earnings results, and Footprint partners with SAMBAZON
LanzaTech Produces Ethylene from CO2, Changing the Way We Make Products Today
LanzaTech NZ, Inc. (“LanzaTech”), an innovative Carbon Capture and Transformation (“CCT”) company that transforms waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products that people use in their daily lives, today announced it has successfully engineered specialized biocatalysts to directly produce ethylene from CO2 in a continuous process.
As announced on March 8th, 2022, LanzaTech has entered into a merger agreement with AMCI Acquisition Corp. II (Nasdaq: AMCI).
READSelina Provides First Half 2022 Earnings Results and Update on Business Combination
Selina, the fast-growing lifestyle and experiential hospitality brand targeting Millennial and Gen Z travelers, today announced financial results for the business for the first half of 2022 and provided an update on its proposed business combination with BOA Acquisition Corp (NYSE: BOAS) which would result in the Company becoming publicly traded.
In the first half of 2022, Selina delivered record revenue of $86 million, up 142% year-over-year, driven primarily by improved operating performance across the existing portfolio, as well as 13 new openings.
READFootprint and SAMBAZON Partner to Develop Plastic-Free Frozen Acai Bowls
Footprint, a global materials science technology company focused on creating a healthier planet, announced today a multi-year agreement to develop sustainable packaging for SAMBAZON, a leading supplier of certified fair trade and organic açaí. The partnership will leverage Footprint’s proprietary technology to bring plant-based fiber solutions to market for application in SAMBAZON’s ready-to-eat açaí bowls, a frozen product with a fifteen-month shelf life.
In December 2021, Footprint announced its intention to list on NASDAQ as a public company in a business combination agreement with Gores Holdings VIII, Inc. (Nasdaq: GIIX, GIIXW and GIIXU).
READAt the SPAC of Dawn Another SPAC is joining the pack today with Stellar V Capital Corp. (NASDAQ:SVCCU) set to make its debut in today’s session, but there has also been news that could be encouraging for SPACs on the other end of their timeline. When faced with the choice of rushing whatever deal could...
AI assistance is finding its way into an increasing number of corners of the market, and the industrial supply chain is an area that could use help the most. This week, we speak with Ed Nabrotzky, CEO of industrial technology firm Dot Ai. Dot Ai announced a $130 million combination with ShoulderUp Technology Acquisition Corp. (OTC:SUAC) in March...
Stellar V Capital Corp. (NASDAQ:SVCCU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SVCCU”, Thursday, January 30, 2025. The new SPAC intends to pursue a broad search process but with a focus on completing a combination with an established business of...
Cartesian Growth Corporation III has filed for a $200 million SPAC to give the Cartesian Growth team a fresher searching vehicle as it seeks to build on the success of its first business combination. The new SPAC has not overfunded its trust and will distribute 1/2 warrants inside of its units. This is something of...
Gesher Acquisition Corp. II (NASDAQ:GSHRU) has filed for a $125 million SPAC to bring an Israeli tech firm public with the help of underwriter BTIG. The Gesher team notched its first SPAC deal in 2023 after pricing its IPO in 2021, underwritten by EarlyBirdCapital with similar terms. This time it is shooting for a raise...