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 Istesso, Sky Says
Hambro Perks Acquisition Co., the first blank-check firm to list in London after a rule change, is discussing a possible merger with closely held pharmaceutical company Istesso Ltd., Sky News reported, citing sources it didn’t identify.
The special purpose acquisition company is in advanced talks on a deal that may value the UK developer of drugs for chronic diseases at several hundred million pounds, according to the report.READ
Rocket Lab Launches First Vehicle From US Soil
The New Zealand-based firm has not only gone on to launch a North American branch, Rocket Lab USA, Inc. (Nasdaq: RKLB), but has just launched its first vehicle from U.S. soil.
At 6 pm EST on January 24, 2023, what was dubbed the “Virginia is for Launch Lovers” mission took off from Rocket Lab Launch Complex 2 (LC-2) at Virginia Space’s Mid-Atlantic Regional Spaceport within NASA’s Wallops Flight Facility. While it was the company’s first U.S. launch, it was actually the 33rd rocket launched by Rocket Lab in total, with its very first occurring in 2017.
Alliance Entertainment’s Mill Creek Entertainment Announces New Home Entertainment Licensing Agreement with The Walt Disney Company
Mill Creek Entertainment, a division of Alliance Entertainment Holding Corporation (“Alliance Entertainment”), a distributor and wholesaler of the world’s largest in stock selection of music, movies, video games, electronics, arcades, and collectibles, today announced it has signed a home entertainment licensing agreement with The Walt Disney Company.
On June 23, 2022, Alliance Entertainment announced that it will become publicly listed through a merger transaction with Adara Acquisition Corp. (NYSE: ADRA).READ
Ocean Biomedical and Aesther Healthcare Acquisition Corp. Announce Publication of Discovery Data for a Major Anti-Tumor Pathway in Malignant Melanoma and Other Cancers
Ocean Biomedical and Aesther Healthcare Acquisition Corp. (NASDAQ: AEHA) announced today the discovery of a second major anti-tumor pathway and therapeutic approach that targets CTLA-4, inhibiting the metastasis of malignant melanoma cells to the lung using a novel bispecific antibody approach.
Ocean Biomedical is expected to become a publicly traded company on the NASDAQ global market under the symbols “OCEA” and “OCEAW” following the closing of a Business Combination with Aesther Corporation (NASDAQ: AEHA).READ
20Cube Logistics Engages Ramboll to Launch Sustainability Framework with the Vision of a Carbon Neutral Future
20Cube Logistics Pte. Ltd. (“20Cube”), a Singapore-based software-enabled international supply chain orchestrator, today announced it has selected Ramboll, a global architecture, engineering and consultancy company founded in Denmark in 1945, with world-leading expertise in the energy and environment space, to accelerate its path to carbon neutrality through a sustainability framework of comprehensive reports, plans and initiatives for carbon emission reduction.
On October 18, 2022, 20Cube Logistics announced that it has entered into a definitive agreement to become publicly listed through a merger transaction with Evo Acquisition Corp. (Nasdaq: EVOJ).READ
Terms Tracker for the Week Ending March 17, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Despite this week’s headlines about bank failures, EF Hutton managed to file both a new S-1 registration statement and price an IPO. They should have...
Latest SPAC Liquidations: Northern Genesis III, MSD, and Tech and Energy Transition Corp. Northern Genesis Acquisition Corp. III (NGC) to Liquidate on March 24 Northern Genesis III (NYSE:NGC) announced that it will redeem all outstanding shares effective as of the close of business on March 27. Shares will cease trading on March 24 and the per-share...
Tech and Energy Transition Corp. (NASDAQ: TETC) announced this afternoon that its shareholders have voted against a proposal to extend the SPAC’s timeline to complete a business combination. Holders of 38,069,946 shares of TETC’s common stock, comprised of 28,495,396 shares of Class A common stock, and 9,575,000 shares of Class B common stock, were present at...
Direct Selling Acquisition Corp. (NYSE: DSAQ) announced this morning that it intends to adjourn its extension vote, originally scheduled to be held on March 22, and will reconvene on March 24 at 11:00 a.m. The SPAC has also extended the redemption deadline to March 22 at 5:00 p.m. It is currently facing a completion deadline of March...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Saudi Arabia explores setting up framework for SPAC listings, and Boxed considers filing for bankruptcy Saudi Arabia Explores Setting Up Framework for SPAC Listings Saudi Arabia’s market regulator is looking into setting up a...