Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Xos partners with Yancey Bros, FaZe Clan announces MoonPay as official crypto and NFT partner, and Arnault-backed group launches second SPAC listing
Xos Announces Strategic Partnership with Yancey Bros. Co.
Xos, Inc. (NASDAQ: XOS), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles, today announced it has entered a strategic partnership with Austell, Ga.-based Yancey Bros. Co., the nation’s oldest Caterpillar dealer, to distribute Xos vehicles across the state of Georgia.
Yancey will leverage its existing infrastructure and facilities, including dedicated truck service centers across the state of Georgia, to help drive the adoption of Xos electric trucks. Yancey currently operates 29 facilities across the state.
NextGen Acquisition Corp. approved its combination with Xos at a shareholder meeting on August 18.
READFaZe Clan Announces MoonPay As Official Crypto and NFT Partner
FaZe Clan, the lifestyle and media platform rooted in gaming and youth culture, today announced a multi-year partnership with MoonPay, a leading global crypto payments infrastructure provider giving millions of users quick access to the crypto economy by offering an easy and secure way to buy and sell cryptocurrencies and NFTs.
The agreement represents MoonPay’s biggest partnership to date and establishes MoonPay as the official crypto and NFT partner of FaZe Clan.
B.Riley Principal 150 (NASDAQ:BRPM) initially announced its combination with FaZe Clan on October 25.
READArnault-backed Group Launches Second SPAC Listing
France’s richest man Bernard Arnault and former UniCredit head Jean Pierre Mustier will publicly list a second blank check vehicle in Amsterdam, raising 200 million euros ($226 million).
Earlier this year, the duo raised half a billion euros from their SPAC, Pegasus Acquisition Company Europe B.V., which is searching for takeover targets in the financial sector.
On Tuesday, the same group of backers announced they would list a second vehicle with an entrepreneurial focus, Pegasus Entrepreneurial Acquisition Company Europe, in Amsterdam.
At the SPAC of Dawn As a rough week in the market comes to a close, at least one de-SPAC has some cause to show off. Many fashion brands were among the hard hit in recent days and not simply for macro reasons. Luis Vuitton-owner LVMH (PA:MC) dropped this week after an earnings miss led...
Shepherd Ave Capital Acquisition Corp. (Nasdaq: SPHAU) is the latest SPAC to file to IPO, making 24 new registration statements that have filed since June 1, 2024. So far, only two of those 24 have gone public, but it does indicate an active August. In SPACLand at least, August is never slow. As for Shepherd...
At the SPAC of Dawn SPACs have now priced 20 IPOs seven months into 2024 with an eye on beating 2023’s total of 31 IPOs. With a little more than 5 months left in the year, it’s expected that SPACs should at least match that number by only needing to price roughly two IPOs per...
DT Cloud Star announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DTSQU”, Thursday, July 25, 2024. The new SPAC aims to combine with an established business with long-term financial visibility, but has not limited itself to a particular industry or sector....
Launch Two (NASDAQ:LPBBU) has filed for a $200 million IPO that shows how the market has shifted for new issuance since its sister SPAC Launch One (NASDAQ:LPAAU) filed just over a month ago. Both SPACs are underwritten by Cantor Fitzgerald and seeking nominally the same raise at IPO, but Launch Two is overfunding its trust...