The Latest SPAC News and Rumors: December 7, 2021
by Marlena Haddad on 2021-12-07 at 11:40am

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.

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FaZe 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.

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Arnault-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.

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