Polestar Starts Shipping for 65,000 Unit Hertz Contract

by | Jun 9, 2022

GGPI shares hovering around NAV ahead of June 22nd vote. And the rest of the day’s news in SPACs.

————————————————-
Free Investor Resources from Boardroom Alpha
—————————————————-
** Podcast: Know Who Drives Return
** Daily SPAC Newsletter
** Full SPAC Listing

GGPI / Polestar starts shipments for Hertz Contract

Swedish electric vehicle manufacturer Polestar has begun delivering new Polestar 2 electric cars to Hertz (HTZ) as part of the agreement announced in April 2022. Polestar will supply the global car rental giant with 65,000 cars over the next five years. Gores Guggenheim (GGPI) shares been hovering around their $10 NAV since hitting a 52-week high of $16.41. Merger vote June 22nd.

GLAQ Delays Vote, Adds FPA to Forafric Deal

Globis Acquisition Corp. (GLAQ) meeting was adjourned and the company entered into an FPA to purchase 1,500,000 shares non redeemed at $10.80 in 3 months. GLAQ is expected to merge with African agribusiness Forafric.

Forge Global Announces Warrant Redemption

March deSPAC Forge Global (FRGE) announced it will be calling its outstanding warrants and forward purchase warrants for shares in an effort to streamline its capital structure. FRGE shares closed at $10.52, down 27% today.

SPKB / Eleusis Deal Terminated

Silver Spike Acquisition Corp. II  (SPKB) terminates merger with Eleusis, a clinical-stage psychedelics life science company, as a result of “unfavorable market conditions.”

SPAC Daily Movers

Source: Boardroom Alpha

SPAC Calendar

Source: Boardroom Alpha

More from Boardroom Alpha

For ongoing tracking, analytics, and data on SPACs checkout Boardroom Alpha’s SPAC Data and Analytics service.

Recent Analysis

Daily SPAC Update – December 10, 2024

Jackson Acquisition II $200M IPO (Jackson I Liquidated). APXI Shareholders Approve Extension w/ 5M Redemptions. HCVI Merger Amendment. SLAMF Vote Adjourned and IVCB Vote Postponed. 

Daily SPAC Update – December 9, 2024

TCHP + Coincheck Deal Approved. GLLI, INAQ, ESHA Shareholders Approve Extensions. DP Cap Acquisition  (DPCS) Dismisses Accountant. SLAM and BRKH Extension Votes.

Daily SPAC Update – December 4, 2024

Global Star (GLST) Extension Approved. APXI Extension Vote Today. ATMC Updates Trust Numbers. LATG Deal Vote Set for Dec 23. ATMV, SHAP, TRON, INAQ Set Extension Votes.

Subscribe to Boardroom Alpha Newsletters

Subscribe to Boardroom Alpha's research to receive the latest on governance, SPACs, and people.

Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon. 

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.  

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by BA that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.  

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.