Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Semantix highlights achievements in first half of 2022, DPCM announces quantum computing audio feature, and Harley-Davidson delivers second quarter results
Semantix Highlights Achievements in First Half of 2022
Semantix, Latin America’s first fully integrated data platform, announced today that the company has seen significant business momentum in the first half of 2022. These milestones align perfectly with the company’s broader market strategy and include a combination of customer, partner, technological and operational growth for the business as it continues on its path to the public markets.
Customer and partner growth continues to be at the center of Semantix’s success. In the first half of 2022, the company added 41 new clients, extended its relationships with several long-standing marquee clients, and partnered with the Massachusetts Institute of Technology (MIT) for its Industrial Liaison Program (ILP) where Semantix will help monitor emerging technology trends and work directly with faculty on forthcoming research and recruitment efforts.
On November 16, 2021, Semantix entered into a definitive merger agreement with Alpha Capital Acquisition Company (NASDAQ: ASPC).READ
DPCM Capital Inc. Announces Quantum Computing Audio Feature
DPCM Capital Inc. (NYSE: XPOA) today announced the availability of a broadcast titled, “Quantum Computing Has Arrived.”
DPCM initially announced its $1.35 billion deal with D-Wave on February 8, 2022. The world’s first commercial supplier of quantum computers, D-Wave Systems Inc. is a leader in the development and delivery of quantum computing systems, software, and services and is the only company building both annealing quantum computers and gate-model quantum computersREAD
Harley-Davidson Delivers Second Quarter Financial Results
Harley-Davidson, Inc. (“Harley-Davidson”) (NYSE:HOG) today reported second quarter results.
Global motorcycle shipments were adversely impacted (down 15% in Q2) by the approximately two-week production suspension caused by a regulatory compliance matter at a third-party supplier.
HDMC’s revenue dropped 5% with global pricing and growth within apparel offsetting much of the negative impact from the temporary production suspension. For the full year 2022, Harley-Davidson reaffirms its initial guidance and continues to expec revenue growth of 5 to 10% and operating income margin of 11 to 12%.
AEA-Bridges Impact Corp. (“ABIC”) (NYSE:IMPX) entered into a definitive agreement to combine with Harley-Davidson’s (NYSE:HOG) electric motorcycle division LiveWire in December 2021.READ
Aetherium Acquisition Corp. Innovates SPAC Management Implementing the CovQ Value Creation System Developed by 8W8 Global Business Builders
Aetherium Acquisition Corp. (NASDAQ:GMFI) announced today that it has begun implementation of the Compound Value Creator Quotient “CovQ”) platform to accelerate the execution of its post-IPO De-SPAC processes including the identification of potential acquisition targets and business combination activities. The company’s executive team also plans to use CovQ to manage the value creation strategies together with the business combination targets of their current and subsequent SPACs.
CovQ is an integrated business building suite of services encompassing a method, framework, know-how, and management expertise to deliver compound value creation embedded in a powerful and efficient SaaS platform for strategy execution, reporting, executive alignment and collaboration.READ
Mobiv Acquisition Corp. (NASDAQ:MOBV) announced this afternoon that it has closed its combination with EV motorcycle-maker SRIVARU. Shareholders originally approved the deal at a special meeting held back on September 28, but at that time, the parties expected the transaction to take just a week to close. Redemptions whittled Mobiv’s IPO share pool of 10,005,000 down...
Achari Ventures I (NASDAQ:AVHI) has entered into a definitive agreement to combine with medtech firm Vaso Corporation at an equity value of $176 million, or 19.5x its 2022 adjusted EBITDA. Wuxi, China-based Vaso provides IT services and sales support to medical device manufacturers. The combined company is expected to trade on the Nasdaq under the...
EF Hutton Acquisition Corp. I (NASDAQ:EFHT) announced this morning that its shareholders have approved its business combination with E.C.D. Auto Design. At the meeting, there were 5,089,203 shares of common stock, representing approximately 76.82% of the issued and outstanding shares of common stock, present. In connection with the meeting, the company’s stockholders holding 3,470,945 shares,...
Legato Merger Corp. III (NYSE:LEGT) filed for a $175 million IPO yesterday afternoon, becoming the fourth SPAC to file this week. While the other three SPACs that filed their S-1s earlier this week intend to pursue targets in the financial services and biotech industries, Legato III, similar to the earlier Legato SPACs, will focus on...
At the SPAC of Dawn This week ends with an unusually busy earnings calendar as 172 US-listed companies report quarterly figures today. Among them is Exela Technologies (NASDSAQ:XELA), which completed a combination with Quinpario 2 in 2017. The billing software company has gone on to do another SPAC deal on November 29, this time spinning...