Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
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.
READFisker 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 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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Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...
