Perception Capital Corp. III (PFTA) to Combine with RBio Energy in $350M Deal
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Morning SPAC News Roundup: February 7, 2024
At the SPAC of Dawn
Any play in the commercial property market appears set to be a buy-low opportunity for some time as real estate lender New York Community Bancorp (NYSE:NYCB) saw its bonds downgraded to junk and European and Asian banks show signs of the same contagion. ...READ MORE
Morning SPAC News Roundup: February 6, 2024
At the SPAC of Dawn
With the quarter headed to the halfway point and the election season raging on, SPACInsider has a new question for readers.
Voters decision in the election itself is still a ways’ off, but, Let’s Settle This: Will Digital World (NASDAQ:DWAC) actually complete its combination with Trump Media & Technology Group this year? ...READ MORE
Slam Corp. (SLAM) to Combine with Lynk Global in $800M Deal
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Morning SPAC News Roundup: February 5, 2024
At the SPAC of Dawn
This week kicks off with a fair amount of SPAC activity on both ends of deals.
Three SPACs are set to hold extension votes today and this evening could see the pricing of 2024’s second SPAC IPO with Legato Merger Corp. ...READ MORE
Morning SPAC News Roundup: February 2, 2024
At the SPAC of Dawn
Today marks by far the busiest day in the SPAC market since the SEC dropped the new rules as it is set to host four extension votes, three completion votes and even has a potential new SPAC IPO pricing on the docket. ...READ MORE
Power & Digital Infrastructure II (XPDB) Adds PIPE, JV to Montana Technologies Deal
Power & Digital Infrastructure II (NASDAQ:XPDB) has added a $5 million PIPE to its combination with sustainable air conditioning company Montana Technologies, which has also committed to invest $10 million into a new joint venture. ...READ MORE
Podcast: Abacus Life Chairman & CEO Jay Jackson Returns
Should de-SPAC’d companies consider buying back their shares rather than making offers for their warrants? Abacus Life (NASDAQ:ABL) believes the answer is yes.
This week, we catch up with with Abacus Life Chairman and CEO Jay Jackson. ...READ MORE
Morning SPAC News Roundup: February 1, 2024
At the SPAC of Dawn
The Fed’s announcement yesterday that it was in no hurry to cut rates slammed the market generally through the rest of the trading day, but things have picked back up in the early hours of Thursday. ...READ MORE
Globalink Investment Inc. (GLLI) to Combine with Alps Global Holding Berhad in $1.6Bn Deal
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SPAC Lock-Up Expirations to Watch in February 2024
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Morning SPAC News Roundup: January 31, 2024
At the SPAC of Dawn
Morning SPAC News Roundup-readers have spoken! On the eve of the Fed’s press conference, we asked SPACInsider subscribers in this space to predict the number of SPAC IPOs in 2024. ...READ MORE
Morning SPAC News Roundup: January 30, 2024
At the SPAC of Dawn
This week, SPACInsider is starting a weekly poll to get a pulse on the SPAC market.
The Fed begins a two-day meeting today on monetary policy and its press conference coming out of that at 2 pm ET will be watched closely for signs of when to expect rate cuts and how large they will be. ...READ MORE
Morning SPAC News Roundup: January 29, 2024
At the SPAC of Dawn
SPAC activity is picking back up this week in between the dust settling on the SEC’s new SPAC rule and the Fed breaking its silence on potential rate cuts Wednesday. ...READ MORE
Morning SPAC News Roundup: January 26, 2024
At the SPAC of Dawn
The Fed got more evidence of cooling inflation this morning as the Commerce Department’s personal consumption expenditures (PCE) price index came in just under expectations for December. ...READ MORE
Northern Star Investment Corp. II (NSTB) to Liquidate Trust, Keep Trading as Shell
Northern Star Investment Corp. II (NYSE:NSTB) has announced that it would liquidate its trust, but will also make the unorthodox move to continue functioning as a shell listed on the pink sheets. ...READ MORE
Morning SPAC News Roundup: January 25, 2024
At the SPAC of Dawn
Earlier this week, CSLM Acquisition Corp. (NASDAQ:CSLM) announced a combination with AI software firm Fusemachines, but offered few financial details in the announcement press release.
It has since filed its merger documents and they include some terms that are becoming more common in SPAC transactions. ...READ MORE
Welsbach Technology Metals Acquisition Corp. (WTMA) Inks LOI with Evolution Metals
Welsbach Technology (NASDAQ:WTMA) has signed a non-binding letter of intent (LOI) to combine with mining firm Evolution Metals for so far unspecified terms.
Palm Beach, Florida-based Evolution is developing both mining and refining capabilities to process battery and rare earth metals for a wide range of technology applications. ...READ MORE
Global System Dynamics Inc (GSD) Terminates DarkPulse Deal
Global System (NASDAQ:GSD) announced in an 8-K filing this morning that it has mutually terminated its combination with smart cities technology company DarkPulse (OTC:DPLS).
The move came after it received notice that Nasdaq would de-list its shares, following a back-and-forth over the SPAC’s failure to hold an annual meeting for the 2022 fiscal year. ...READ MORE