Morning Roundup: November 27, 2023
At the SPAC of Dawn
After mixed signals for the consumer sector earlier this month, initial Black Friday sales numbers have shown that Americans were not too stuffed for a shopping spree this year. ...READ MORE
Morning Roundup: November 24, 2023
At the SPAC of Dawn
Though perhaps stuffed to the brim, SPAC activity continues this Thanksgiving Friday with votes by Clean Earth and Zalatoris to extend a deadline and amend trust contributions, respectively. ...READ MORE
Integrated Wellness Acquisition Corp (WEL) Sells Sponsor Economics
Integrated Wellness (NYSE:WEL) announced in an 8-K filing that it agreed to transfer control of its sponsor to Sriram Associates, which will now take on the SPAC’s financial obligations and may appoint a new team. ...READ MORE
Morning Roundup: November 22, 2023
At the SPAC of Dawn
So far, seven SPACs have announced their liquidations this week and although some others may choose to use the holiday to quietly disband, this tends to be a positive week for equities in general. ...READ MORE
Genesis Growth Tech Acquisition Corp. (GGAAF) to Combine with Mind Maze
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Morning Roundup: November 21, 2023
At the SPAC of Dawn
Crypto has been a popular, but a somewhat niche sector for SPACs in recent years that appeared to have fallen out of favor as scandals rocked major exchanges and prices for major cryptocurrencies and tokens plummeted. ...READ MORE
More Swiftonomics? DraftKings (DKNG) Returns to Two-Year High
Plenty of stocks are rebounding this month as the market broadly rallies on signs that the age of rate hikes is ending, but DraftKings (NASDAQ:DKNG) is on an uncommonly sharp trajectory among recent de-SPACs. ...READ MORE
Morning Roundup: November 20, 2023
At the SPAC of Dawn
Public companies of all stripes tend to bury news ahead of holidays and SPACs are no different.
Four SPACs have announced their intent to liquidate since market close on Friday and three of these had previously agreed to business combinations. ...READ MORE
Bellevue Life Sciences Acquisition Corp. (BLAC) to Combine with OSR Holdings
Bellevue Life Sciences (NASDAQ:BLAC) has entered into a definitive agreement to combine with Korean healthcare holding company OSR for undisclosed compensation.
Seoul-based OSR is a conglomerate of several biotech firms advancing drug candidates as well as a medical device distributor. ...READ MORE
Morning Roundup: November 17, 2023
At the SPAC of Dawn
A largely positive week is coming to end with a summit that appears to have brought an autumn chill to simmering tensions between the US and China. ...READ MORE
Morning Roundup: November 16, 2023
At the SPAC of Dawn
With the S&P 500 rolling into a two-month high on the back of positive inflation numbers, all hopes have to be for nothing too concerning coming out of a still-packed end of the week. ...READ MORE
De-SPACs Among Big Early Gainers on Better Inflation Numbers
US stock futures already told the story of a day of big upward movement once the consumer price index (CPI) came in this morning much lower than expected with just a +0.2% increase. ...READ MORE
Morning Roundup: November 14, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
Digital World (NASDAQ:DWAC) is back in the news this week as it finally put out an updated S-4 for its long-running, lightning rod proposed combination with Trump Media and Technology Group (TMTG). ...READ MORE
Pyrophyte Acquisition Corp (PHYT) to Combine with Sio Silica in $708M Deal
Pyrophyte (NYSE:PHYT) has entered into a definitive agreement to combine with quartz producer Sio Silica at an enterprise value of $708 million or 4.1x its 2025E EBITDA.
The Calgary-based company is developing two quartz mining sites outside of Winnipeg, Canada with the aim to supplying premium resources to the worldwide tech industry. ...READ MORE
Morning Roundup: November 13, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
Although SPAC deal announcements continue to slumber through the beginning of November, two definitive agreements with a minerals producer and an AI firm, plus a letter-of-intent (LOI) announcement this morning provide some pique as turkey day approaches. ...READ MORE
SPACs Turn Coffee to Cash as Brewhouse De-SPACs Report Profits Across the Board
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Morning Roundup: November 10, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
After a Halloween massacre that saw four SPAC deals get terminated in about 24 hours, we presaged that the bloodletting of long-running deals might continue into November. ...READ MORE
California Dreamin’: Zero-Emission Truck De-SPACs Report Earnings Amid Incentives Race
In late October, California provided an update on the ambitious sustainability goals it had set for vehicles on its roads. Among them was a bar set that 6% of all heavy trucks sold in the state should be zero-emission vehicles (ZEV) by 2024. ...READ MORE
Morning Roundup: November 9, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
The SPAC market has some increasing green shoots this week, with two new SPACs set to start trading today – AI Transportation (NASDAQ:AITR) and Agriculture & Natural Solutions (NASDAQ:ANSC). ...READ MORE
Morning Roundup: November 8, 2023
At the SPAC of Dawn
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
Futures are flat on news that the Democrats were mostly victorious in yesterday’s local and state-level elections. ...READ MORE