Afternoon SPAC News Roundup: February 22, 2024
News and Rumors
- CityWire: A subsidiary of Allianz (DE:ALV) and Constellation Wealth Capital have signed on to invest $400 million in asset management firm AlTi Global (NASDAQ:ALTI), purchasing a combination of ordinary shares and Series A convertible preferred stock.
DT Cloud Acquisition Corporation (DYCQU) Prices $60M IPO
DT Cloud Acquisition Corporation (NASDAQ:DYCQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DYCQU” today, Wednesday, February 21, 2024. ...READ MORE
Morning SPAC News Roundup: February 16, 2024
At the SPAC of Dawn
A great number of SPACs entered 2024 in a sense of drift with many attempting to carry combinations to close that had been pending for a year or more and uncertainty loomed with SEC and Fed decisions still in the air. ...READ MORE
Afternoon SPAC News Roundup: February 15, 2024
Deals and Funding
- Integrated Wellness (NYSE:WEL) has signed a letter of intent to combine with Btab Ecommerce Group (OTC:BBTT) at an initial enterprise value of $250 million.
- Tevogen Bio (NASDAQ:TVGN), which yesterday closed its combination with Phoenix Biotech (NASDAQ:PBAX), has signed a securities purchase agreement under which the investor will pay $8 million for Series A Preferred stock that is convertible into 2,000,000 shares ($4 per share).
Morning SPAC News Roundup: February 15, 2024
At the SPAC of Dawn
Much has been written about Digital World‘s (NASDAQ:DWAC) epic and at times seemingly quixotic journey to complete its combination with Trump Media and Technology Group (TMTG) including, of course, here at SPACInsider. ...READ MORE
Afternoon SPAC News Roundup: February 14, 2024
News and Rumors
- PR: ADAS technology company LeddarTech (NASDAQ:LDTC) has reduced the exercise price for its warrants to $11.17 per share from $11.50 to meet its anti-dilution provisions in view of the share dividends paid out by Prospector Capital, which took it public in a combination that closed in December.
Morning SPAC News Roundup: February 14, 2024
At the SPAC of Dawn
Yesterday, SPACInsider dove into some of the internal drama that now appears to be hampering Digital World‘s (NASDAQ:DWAC) ability to close its combination with Trump Media & Technology Group (TMTG). ...READ MORE
Executive Drama at Digital World Acquisition Corp. (DWAC) Provides New Source of Risk
Digital World‘s (NASDAQ:DWAC) saga-length journey gained a new chapter this week as the team added several new pages to the “Risk Factors” section of its amended S-4, each concerning internal fights that could potentially derail the deal’s close. ...READ MORE
