The Latest SPAC News and Rumors: March 7, 2023
by Marlena Haddad on 2023-03-07 at 11:50am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Amprius Technologies files for 5 GWh production facility, and Drilling Tools International announces distribution agreement with CT Energy for RotoSteer


Silicon anode battery producer files for 5 GWh production facility in Colorado

Amprius Technologies has signed a letter of intent to build a 775,000 square foot battery manufacturing facility capable of producing 5 GWh of silicon anode-based lithium-ion batteries in the coming years.

In May 2022, the company announced plans to list as a public company through a SPAC merger with Kensington Capital Acquisition Corp.(NYSE:KCGI), which closed in September 2022 valued at $939 million.

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Drilling Tools International Announces Distribution Agreement with CT Energy Services for RotoSteer

Drilling Tools International, a leading oilfield services company that rents downhole drilling tools, and CT Energy Services, an innovative drilling tool solutions company for the global oil and gas market, today announced DTI as the exclusive US distributor of CT Energy’s RotoSteer™. The two companies will cooperate to maximize the effective launch of the technology in the US, Canada, and other International locations.

On February 14, 2023, DTI announced an agreement for a business combination with ROC Energy Acquisition Corp. (Nasdaq: ROC), which is expected to result in DTI becoming a public company listed on the Nasdaq under the new ticker symbol “DTI” in the second quarter of 2023.

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X-energy to Open First Plant Support Center for Xe-100 Advanced Small Modular Reactor Fleet

X-Energy Reactor Company, LLC, a leading developer of advanced modular nuclear reactors and fuel technology for clean energy generation, today announced plans for its first Xe-100 reactor fleet management, monitoring, and training facility in Frederick, Maryland. Called the Plant Support Center-East (PSCE), this regional center marks the first step in X-energy’s Commercial Operations Services business and will support the initial deployment of the Company’s advanced modular reactor plants.

As previously announced on December 6, 2022, X-energy entered into a definitive business combination agreement with Ares Acquisition Corporation (NYSE: AAC).

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