UAL - Busy day in the SPACsphere as deals run hot

Colin Kaepernick took his activism to the wide world of SPACs, serving as co-chair of Mission Advancement Corp., which will focus on racial justice and diversity issues and seek to raise up to $287.5M. The SPAC is specifically targeting consumer businesses with an enterprise value of more than $1B that "delivers a significant impact financially, culturally and socially."Archer, a developer of all-electric vertical take-off and landing (eVTOL) aircraft, is combining with SPAC Atlas Crest Investment Corp. (ACIC). The new company is expected to list on the NYSE under the ticker symbol "ACHR." In related news, Archer signed an aircraft purchase agreement and collaboration agreement with United Airlines (UAL) as part of the latter's commitment to decarbonization. United will buy $1B worth of Archer's aircraft, with an option for an additional $500B of eVTOL planes. ACHR +40% premarket.The Beachbody Company Group also announced its intention to become a public company by

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Busy day in the SPACsphere as deals run hot