Revisiting SPACs in 2026
SPACs are back in terms of volume…
SPACs
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Rainwater Tech joins the SPAC crowd
A number of companies have recently emerged that are tackling the problem of maximizing precipitation levels in areas that produce insufficient amounts for the local populace. Rainwater Tech is led by a former HP President and is employing a solution that claims strong augmentation results can be achieved via ground-based ionization of moisture laden particles that are already present in the air.
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Astra Space Given Delisting Warning
Barely one year ago Astra Space became the first launch company to begin trading on the Nasdaq. A couple of fairly well-known Seattle area individuals helped to prop up the transaction via a SPAC-based offering that resulted in an initial valuation of more than $2 billion and generated approximately $500 million in cash. The ultimate plan at the time was to have nearly daily launches by 2025.
