The SEC has voted 3-2 to approve new rules for SPACs in a meeting that was occasionally adversarial with Commissioners Hester Peirce and Mark Uyeda dissenting against the proposal. ...READ MORE
CSLM (NASDAQ:CSLM) has entered into a definitive agreement to combine with AI software company Fusemachines at an equity valuation of $200 million.
New York-based Fusemachines provides enterprise software for firms looking to optimize their business processes with AI-based tools. ...READ MORE
Another day, another US election primary, this time in New Hampshire.
But, as SPACInsider examined some of the boosts that conservative values-aligned SPACs and de-SPACs have experienced as election season kicked off, the next 24 hours will see that enthusiasm go head-to-head with the trepidation about what might come out of tomorrow’s SEC meeting on potential new SPAC rule changes. ...READ MORE
The start of the Fed’s quiet period, which is to last until the beginning of February, has been positive for the market so far, but a less productive silence may build around the SEC’s Wednesday meeting on SPAC rule changes. ...READ MORE
Bowen (NASDAQ:BOWN) has signed a merger agreement with Qianzhi BioTech for up to $86 million in share compensation.
The Shenzhen, China-based company provides plant-based remedies for various medical conditions.
The combined company is expected to trade on the Nasdaq once the deal is completed in the second or third quarter of 2024. ...READ MORE
Long awaited, the SEC has finally set 10 am ET Wednesday, January 24 as the kickoff of its discussion of its proposed SPAC rules.
The broad strokes of its proposals have been known for nearly two years (SPACInsider broke them down here) and some have already had effects in the market even in the absence of a concrete change. ...READ MORE
Quadro Acquisition One Corp. (NASDAQ:QDRO) has entered into a definitive agreement to combine with Global Growth Companies at an enterprise value of $3 billion.
Global Growth operates a diverse set of companies in the healthcare, financial services and communications fields. ...READ MORE
While East Asia continues to account for the largest portion of SPAC teams based outside of the US, the unique team behind Oxus (NASDAQ:OXUS) put a few more bricks in its path to completion this week. ...READ MORE
Vision Sensing (NASDAQ:VSAC) has entered into a definitive agreement to combine with Korean drug developer firm Mediforum at an enterprise value of $250 million.
Seoul-based Mediforum provides supplements and medicines derived from traditional ingredients to treat Alzheimer’s and memory loss. ...READ MORE
Despite a slow start to 2024, there are a variety of signs of the market coming back. Among them, NASDAQ CEO Adena Friedman noted yesterday in a Bloomberg interview in Davos that 85 companies have already lined up to list on the exchange. ...READ MORE
The SPAC market has officially entered an election season with former President Donald Trump’s victory Monday in the Iowa caucus on the road to a potentially securing the Republican nomination. ...READ MORE
Friday brings a few more potential swings in the ongoing rate cut-watch as the Producer Price Index (PPI) is set to drop at 8:30 am ET. ...READ MORE
After a few fits, starts and hacks, the first spot Bitcoin ETFs are set to trade later today.
The move has been long-awaited by the crypto community as it has been seen as a means of quickly widening the asset’s ownership base, and therefore serve as the sort of catalyst that would push up demand – and therefore, prices – all of its own. ...READ MORE
While some SPACs have gotten off to a fast start after recent IPOs, the process has been start-and-stop for others.
Blue Room, which had aimed to raise $200 million in an IPO and got effective in late December, instead withdrew its registration this week. ...READ MORE
SPAC votes are picking back up today with Denali Capital‘s (NASDAQ:DECA) rescheduled special meeting to approve its combination with Longevity Biomedical and four other extension votes. ...READ MORE
ClimateRock (NASDAQ:CLRC) has entered into a definitive agreement to combine with GreenRock for about $446 million in share compensation.
ClimateRock has about $26.8 million in its current trust having seen about 67.3% of its shares redeemed in an earlier extension that gives it the right to push its transaction deadline to May 2. ...READ MORE
While the SPAC market continues to await movement on any new SPAC rules, this week could bring an SEC decision on bitcoin ETFs. A half dozen investment firms updated their S-1s for their prospective exchange-traded crypto funds this morning and there is speculation that the commission could make a broad ruling on the formations January 10. ...READ MORE
Today could see news of the first 2024 completion votes, as Revelstone (NASDAQ:RCAC) hosts its previously adjourned meeting and Pono Capital Three (NASDAQ:PTHR) could provide an update on its vote to complete yesterday. ...READ MORE
Roth CH V (NASDAQ:ROCL) has entered into a definitive agreement to combine with New Era Helium at a pre-money valuation of $90 million.
Midland, Texas-based New Era owns and operates about 137,000 acres of exploitable territory in New Mexico, which it believes contains 2.5 billion cubic feet (BCF) of helium reserves. ...READ MORE
