Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Westrock Coffee announces acquisition of Bixby Roasting, Fisker shares soar on production, and Digital World to appeal Nasdaq delisting
Westrock Coffee Announces Strategic Acquisition of Bixby Roasting
Westrock Coffee Company (Nasdaq: WEST), a leading integrated coffee, tea, flavors, extracts, and ingredients solutions provider to the retail, foodservice and restaurant, convenience store and travel center, non-commercial, CPG, and hospitality industries, announced today the Company has acquired Bixby Roasting Co., a specialty-grade roaster that is a leader in the emerging influencer-led brand space. The terms of the transaction were not disclosed.
Riverview Acquisition Corp. completed its combination with Westrock Coffee in August 2022.
READFisker Shares Soar on Production, Spending Data
Shares of Fisker (NYSE: FSR) skyrocketed after the electric vehicle (EV) maker said that it was maintaining its production target for this year and reported that it spent less money than anticipated in 2022.
Fisker indicated that it expects to build up to 42,400 of its inaugural Ocean SUVs in 2023, provided its supply chain delivers as expected and it gets regulatory approval “in a timely manner.”
During the previous week, shares of rivals Lucid Group (NASDAQ:LCID) and Nikola Corporation (NASDAQ:NKLA) plunged after they reported lower-than-anticipated manufacturing and delivery totals.
READTrump-backed SPAC Digital World to appeal Nasdaq delisting notice
Digital World Acquisition Corp (NASDAQ:DWAC), a blank-check firm that is to merge with former U.S. President Donald Trump’s social media platform, said on Wednesday it will file an appeal against a Nasdaq de-listing notice due to the non-payment of some dues.
At the SPAC of Dawn As a rough week in the market comes to a close, at least one de-SPAC has some cause to show off. Many fashion brands were among the hard hit in recent days and not simply for macro reasons. Luis Vuitton-owner LVMH (PA:MC) dropped this week after an earnings miss led...
Shepherd Ave Capital Acquisition Corp. (Nasdaq: SPHAU) is the latest SPAC to file to IPO, making 24 new registration statements that have filed since June 1, 2024. So far, only two of those 24 have gone public, but it does indicate an active August. In SPACLand at least, August is never slow. As for Shepherd...
At the SPAC of Dawn SPACs have now priced 20 IPOs seven months into 2024 with an eye on beating 2023’s total of 31 IPOs. With a little more than 5 months left in the year, it’s expected that SPACs should at least match that number by only needing to price roughly two IPOs per...
DT Cloud Star announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DTSQU”, Thursday, July 25, 2024. The new SPAC aims to combine with an established business with long-term financial visibility, but has not limited itself to a particular industry or sector....
Launch Two (NASDAQ:LPBBU) has filed for a $200 million IPO that shows how the market has shifted for new issuance since its sister SPAC Launch One (NASDAQ:LPAAU) filed just over a month ago. Both SPACs are underwritten by Cantor Fitzgerald and seeking nominally the same raise at IPO, but Launch Two is overfunding its trust...