News and Rumors
- PR: EV automaker VinFast (NASDAQ:VFS) has signed its first agreement to distribute its vehicles throughout Micronesia with Guam AutoSpot beginning in May 2024. VinFast combined with Black Spade in August 2023.
- PR: Electric motorcycle-maker LiveWire (NYSE:LVWR) has launched its S2 Mulholland model, which will retail for $15,999 and can accelerate to 60 mph in 3.3 seconds. LiveWire combined with AEA-Bridges Impact in September 2022.
- SpaceNews: Rocket Lab (NASDAQ:RKLB) successfully launched its final mission as a part of a contract with the US National Reconnaissance Office from its secondary launch pad in Virginia. The launch, which delivered a classified payload, came just over a week after the company launched a Japanese satellite from its New Zealand facility and was its fourth mission of the year overall. The company combined with Vector in August 2021.
- PR: Fellow space venture Intuitive Machines (NASDAQ:LUNR) reported that it entered March 1 with a cash balance of $54 million, the largest balance it has had to end a quarter since its founding, after a string of successes on NASA contracts including its IM-1 mission to land on the Moon. Much of this cash came from the exercise of warrants by an institutional investor and Intuitive Machines continues to have a contract backlog of about $268.6 million about a year after closing with Inflection Point.
- PR: Emissions reduction equipment maker Spectaire (NASDAQ:SPEC) closed a $2 million private placement, through which existing investor True Remainers purchased 1,538,461 shares and an equal amount of warrants with an exercise price of $1.30 per share. Spectaire combined with Perception Capital II.
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...