Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: IonQ to build new manufacturing plant, DWAC falls on report that Trump plans to return to social media, and Jupiter Wellness redeemable digital coupons now available for shareholders
Quantum computer firm IonQ to build Bothell manufacturing plant
Quantum computing company IonQ (NYSE:IONQ) is opening a new manufacturing facility in Bothell, dubbing the Seattle area its North American production headquarters on its quest to develop a new kind of computer.
Researchers promise quantum computers will offer revolutionary increases in computing power that will open new possibilities — some that we can’t yet imagine — from accelerating the development of artificial intelligence to offering new solutions to help fight climate change.
IonQ, a 200-person company, went public through a special purpose acquisition company in October 2021.READ
Trump SPAC DWAC falls on report ex-President plans return to social media
Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Trump’s social media company and Truth Social app public, dropped 4%on a report that the former President plans to return to social media platforms such as Twitter.
Donald Trump since late last year has told several people that he doesn’t want to renew an 18-month exclusivity agreement with Truth Social that expires in June, according to a Rolling Stone report on Sunday. The ex-President currently has an agreement that requires him to wait six hours before posting to other social media after he posts on Truth Social.
Digital World (DWAC) shares have plunged 84% since hitting highs in early March as the SPAC has dealt with several regulatory investigations and continued delays on its deal to merge with Trump’s media company.READ
Jupiter Wellness Redeemable Digital Coupons Now Available for all Shareholders of Record to Claim
Jupiter Wellness Inc (Nasdaq:JUPW) announced their redeemable digital coupons are now available for shareholders of record to claim on Upstream’s trading app. Upon a successful claim, shareholders may redeem the digital coupon for a gift package of company products valued at over $179 or trade the digital coupon with other fans globally on Upstream to bring new potential customers into the community. This news follows Jupiter Wellness’s recent listing on Upstream on January 10, 2023.READ
Aimei Health Technology Co., Ltd (NASDAQ: AFJKU) announced the pricing of its $60 million IPO this evening. Its units are expected to begin trading on the Nasdaq under the symbol “AFJKU” on Monday, December 4, 2023. After the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to...
PROOF Acquisition Corp I (NYSE: PACI) announced this afternoon that it has closed its business combination with private aviation company Volato after shareholders approved the deal at a meeting on November 28. In total, including previous shareholder votes, shareholders opted to redeem an aggregate of 99.93% of PACI’s trust, leaving it with less than $215,000...
Adit EdTech (NYSE: ADEX) announced this morning that its shareholders have approved its business combination with bitcoin self-mining company Griid Infrastructure at a special meeting held yesterday, November 30. A total of 8,520,710 shares of common stock, representing approximately 95.7% of the outstanding shares entitled to vote, were present at the meeting, constituting a quorum...
At the SPAC of Dawn There had been hopes that this week would take one world conflict off the board, but combat has resumed in the Middle East as other eyes are likely to be fixed on new Fed comments today. The fighting in Gaza continues to not appear to have appreciable affects on the...
Chavant Capital Acquisition Corp. (NASDAQ:CLAY) announced in an 8-K filing this afternoon that it has amended its business combination agreement with Mobix Labs. The amendment involves specific alterations to the exchange ratio, now set at a one-to-one ratio to determine how many shares of Class A Common Stock and Class B Common Stock Mobix Labs’...