Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SMX reports rapid growth in client adoption of its proprietary technology and Jet.AI partners with Go Rentals
SMX Achieves 100% Year-To-Date Growth in Commercialization Driven by Client Adoption & Transformation Across Industries
Security Matters plc (Nasdaq: SMX), a global leader in transforming supply chain marking, tracking, and measuring technologies, reports rapid growth in client adoption, across multiple industries, of its proprietary technologies that allow clients and end-users to see the entire history and composition of materials, from virgin to recycled state, including how many times it’s been recycled.
READJET.AI Partners With Go Rentals To Enhance Private Aviation Experience
Oxbridge Acquisition Corp. (NASDAQ: OXAC). Jet Token Inc. d/b/a Jet.AI, an innovative private aviation, artificial intelligence, booking and membership platform, today announced an exclusive partnership with Go Rentals, the only car rental company specializing in the private-jet industry and servicing fine hotels and resorts.
This partnership follows Jet.AI’s recent announcement of a proposed business combination with Oxbridge Acquisition Corp. (NASDAQ: OXAC).
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IB Acquisition Corp. submitted its S-1 filing Friday afternoon for a $100 million IPO, coming right on the heels of Bayview Acquisition Corp, which also filed its S-1 that day. IB is also similar to Bayview in that its units do not feature a warrant but include 1 right for 1/10. However, its trust is slightly...
Integrated Wellness (NYSE:WEL) announced in an 8-K filing that it agreed to transfer control of its sponsor to Sriram Associates, which will now take on the SPAC’s financial obligations and may appoint a new team. Sriram is acquiring 2,012,500 promote shares (70%) and 4,795,000 private placement warrants (70%) for the nominal purchase price of $1....
At the SPAC of Dawn So far, seven SPACs have announced their liquidations this week and although some others may choose to use the holiday to quietly disband, this tends to be a positive week for equities in general. Going back to 1961, the S&P 500 has ended the Thanksgiving week with gains three-quarters of...
Marti Technologies, Inc. (NYSE:MRT), which merged with Galata Acquisition Corp. in July, announced this afternoon that it has launched an exchange offer to purchase its Class A ordinary shares for $0.10 in cash. The company is also soliciting consents to amend the warrant agreement to redeem each warrant that is not tendered in connection with...
Global Partner Acquisition Corp. II (NASDAQ:GPAC) has entered into a definitive agreement to combine with lithium manufacturer Stardust Power for a pro forma implied enterprise value of $490 million. Greenwich, Connecticut-based Stardust Power is a development stage manufacturer of battery-grade lithium products designed to supply the EV industry and help secure America’s leadership in the energy transition....