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Sponsored Prime Movers Lab, an investor in scientific breakthrough startups that has attracted capital from hedge fund managers Bill Ackman and Dmitry Balyasny, may soon benefit from a deal with another blank-check company. The firm was an early backer of commercial space business Momentus, which is going public through a merger with special purpose acquisition company Stable Road Acquisition Corp. More SPAC mergers are coming, according to founder Dakin Sloss. “We have three others that will be announced soon,” he said during a phone interview with Institutional Investor. While Sloss de...

Sponsored Wilbur Ross, who served as Secretary of Commerce under former President Donald Trump, has created a special purpose acquisition company that aims to profit from the next industrial revolution.  The SPAC, Ross Acquisition Corp. II, disclosed in a regulatory filing Tuesday that Larry Kudlow, who served as Trump’s director of the National Economic Council, is part of its management team. Ross is the blank-check company’s president, chairman and chief executive officer, while Kudlow is one of three board directors, the filing shows.  Ross Acquisition Corp. II plans to raise $30...