Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: D-Orbit signs contract with European Space Agency and Polestar begins delivering on EV partnership with Hertz
D-Orbit Signs Contract with the European Space Agency (ESA) for the Improvement of Production Capabilities Related to Space Transportation
D-Orbit, the space logistics and transportation company that is going public through a transaction with Breeze Holdings Acquisition Corp. (NASDAQ: BREZ), has signed a €1,950,343 (approximately $2 million) contract with the European Space Agency (ESA) under BOOST, the Agency’s Commercial Space Transportation Services and Support to Member States Programme. The sum represents 80% of the total budget of the activities to be carried out in the frame of the contract.
Through this contract ESA will provide funding for the development of an improved production system by introducing lean manufacturing principles and testing that will enable D-Orbit to increase the performance and responsiveness of its proprietary orbital transfer vehicle (OTV) ION Satellite Carrier (ION), while driving down the cost.
READPolestar begins delivering on 65,000 electric vehicle partnership with Hertz
Polestar, the Swedish electric performance car manufacturer, has begun delivering new Polestar 2 electric cars to Hertz as part of the agreement announced in April 2022, under which Polestar will supply the global car rental giant with 65,000 cars over the next five years.
Polestar intends to list on the Nasdaq in a proposed business combination with Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW, and GGPIU), which is expected to close in June 2022.
READThis week, we speak with Will Gray, co-Founder and CEO of New Era Helium and John Lipman, co-CEO and co-Chairman of Roth CH Acquisition V Co. (NASDAQ:ROCL). The two announced a business combination in January that would see New Era become a unique stock representing a resource that is not trading like most other commodities. Most...
At the SPAC of Dawn With the US elections officially one week away, there has been big movement with the conservative quartet of de-SPACs, each of which seem to be riding some amount of retail enthusiasm into the polls. Black Rifle Coffee (NYSE:BRCC) has had the most muted week, but it nonetheless rose about +1%...
At the SPAC of Dawn The final week of October comes in with a busy slate of votes including one extension today and nine more clustered on Thursday and Friday. Both TMT (NASDAQ:TMTC) and Insight (NASDAQ:INAQ) are set to hold completion votes for their combinations with eLong Power and Alpha Modus, respectively. Meanwhile, the SPAC...
Terms Tracker for the Week Ending October 25, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Finally, a little more SPAC action this week with no less than four IPOs priced. That brings October’s tally to seven IPOs with one more...
At the SPAC of Dawn The rebound of the growth companies that made up the SPAC class of 2021 has been one of the bigger stories of second half of 2024, but not all of the de-SPACs are feeling the love equally. Instead, in many new sectors that hit the public markets together as a...