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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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...
FTAC Emerald (NASDAQ:EMLD) has entered into a definitive agreement to combine with crypto fintech firm Fold at an enterprise value of $381 million. Phoenix, Arizona-based Fold provides digital banking services backed by a treasury of Bitcoin that includes FDIC-secured checking accounts as well Bitcoin trading and awards. The combined company is expected to trade on...
