The Latest SPAC News and Rumors: February 2, 2023
by Marlena Haddad on 2023-02-02 at 11:35am

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Mondee acquires Orinter for $40M, Fisker, ChargePoint and Lucid say court decision creates ‘uncertainty’, and Getaround gets delisting warning from NYSE


Mondee gains foothold in Brazil with Orinter acquisition 

Travel marketplace and technology platform Mondee (NASDAQ:MOND) has acquired Brazil-based travel provider Orinter in a transaction valued at $40 million.

Mondee, which went public via a SPAC deal with ITHAX in July 2022, sees Brazil as a “natural expansion opportunity” building on its existing presence in North America.

The acquisition of Orinter, which is a B2B specialist in the hotel and ground transportation markets, opens up Brazil’s domestic and outbound markets to Mondee and gives the company access to direct relationships with hotels in Latin America.

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Fisker, ChargePoint, Lucid Say Court Decision Creates ‘Uncertainty’ 

Fisker Inc. (NYSE:FSR), ChargePoint Holdings Inc. (NYSE:CHPT) and Lucid Group Inc. (NASDAQ:LCID) said in securities filings that a recent Delaware Court of Chancery decision creates “uncertainty” related to past increases in the number of authorized shares.

The companies filed petitions seeking validation of their share authorization proposals.

Fisker said the ruling “introduces uncertainty as to whether Section 242(b)(2) of the Delaware General Corporation Law” would have required a 2020 proposal to be approved by a separate vote of the majority of the then-outstanding Class A shares of Spartan Energy Acquisition Corp.

Blank-check company Spartan merged with Fisker Inc. in October 2020.

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Car-sharing platform Getaround gets delisting warning from NYSE

The New York Stock Exchange has issued a delisting warning to peer-to-peer car rental company Getaround (NYSE: GETR) for trading too low, according to the company.

Getaround debuted on the public markets in December after merging with a SPAC. The combined company’s stock began trading at around $10 per share and promptly lost 65% of its value. Today, Getaround’s shares dropped 1.3% and are going for $0.64.

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