Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Maritime Launch Services in merger talks with Ceres SPAC, Getty Images renews multi-year video partnership with AFP, and Bowlero sees surge in revenue
Rocket Launch Firm Maritime Said in Merger Talks With Ceres SPAC
Maritime Launch Services Ltd., a Canadian startup that owns a spaceport for commercial rocket launches, is in talks to go public through a merger with blank-check firm Ceres Acquisition Corp.
Ceres is in discussions to raise a PIPE to support a transaction that would give the combined company a valuation of about $530 million.READ
Getty Images and AFP Sign Multi-Year Renewal of Video Partnership
Global visual content creator and marketplace Getty Images and Agence France-Presse (AFP), a leading global news agency, today announced the renewal of their multi-year video partnership. Since 2009, the global visual content companies have worked in partnership, leveraging their complementary strengths to ensure premium and comprehensive video coverage of global events reaches video creators around the world.
CC Neuberger II (NYSE:PRPB) entered into a definitive agreement to combine with visual content marketplace Getty on December 10.READ
Bowlero Sees Revenue Surge on Return of In-Person Bowling
Bowlero Corp. (NYSE: BOWL) showed strong results for the second quarter of fiscal year 2022 driven by recovery in walk-in retail revenue from the pandemic.
Bowlero saw revenue grow to over $200 million, increasing 177% year-on-year and 11% relative to pre-pandemic levels, beating analyst estimates. The return of in-person bowling also saw adjusted EBITDA grow to $66.8 million, up 26% relative to pre-pandemic levels, and also beating estimates.
Isos Acquisition Corp. announced in mid-December that its shareholders approved its combination with Bowlero.READ
Armada I (NASDAQ:AACI) announced this afternoon that it has once again postponed its extension vote. The SPAC initially planned to hold its special meeting on January 20, but postponed it to January 30, and will now be pushing it back until tomorrow, January 31. Armada has also extended the deadline for holders to submit their public...
Prime Impact I (NYSE:PIAI) has entered into a definitive agreement to combine with auto insurance firm Cheche at an enterprise value of $841 million, or about 2.3x its 2022 revenue. Beijing-based Cheche provides a digital insurance platform for car owners in China with about 34 million vehicles covered. The combined company is expected to trade...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Hambro Perks eyes merger with Biotech Istesso, Rocket Lab launches first vehicle from U.S. soil, and Alliance Entertainment signs licensing agreement with The Walt Disney Company Hambro Perks SPAC Eyes Merger With Biotech...
Pono Capital Corp. (NASDAQ:PONO) disclosed in an 8-K filing this morning that its shareholders approved its combination with air mobility company AERWINS at a special meeting held on Friday, January 27. Holders of 12,412,861 common shares were present at the meeting and the deal was approved with 11,218,712 shares in favor of the transaction. The filing did not...
European Biotech (NASDAQ:EBAC) announced in an 8-K this morning that it has increased its PIPE by $7.8 million and added $7 million to the convertible loans attached to the combination with biotech firm Oculis. The new PIPE cash comes at $10 per share and joins $63.3 million in existing PIPE financing for a total of...