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
Morning Roundup: November 7, 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.
AST SpaceMobile (NASDAQ:ASTS) is set to provide a business update and preliminary third quarter financials a week from today on November 14, and it may be a call worth tuning into as the space business continues to shake out for better and worse. ...READ MORE
Worldwide Webb Acquisition Corp. (WWAC) Expands FPA, Non-Redemption Agreements
Worldwide Webb Acquisition Corp. (NASDAQ:WWAC) announced in an 8-K this morning that it has expanded forward-purchase agreement (FPA) and non-redemption financing that it added to its combination with Aeries Technology on Friday. ...READ MORE
Carbon Revolution (CREV) Shares Spike on Stock Split, ASX Transfer
Carbon Revolution (NASDAQ:CREV) began trading Friday following the close of its combination with Twin Ridge and immediately some unusual things started happening.
The stock closed at $29.32 following a short inaugural trading session and is currently up about 585% to $199 as of this writing. ...READ MORE
Morning Roundup: November 6, 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 holidays are just around the corner, but there are already signs that a wide range of consumer companies are going to find coal in their stockings. ...READ MORE
Concord Acquisition Corp III (CNDB) to Combine with GCT Semiconductor in $461M Deal
Concord III (NYSE:CNDB) has entered into a definitive agreement to combine with fabless chipmaker GCT at an enterprise value of $461 million.
San Jose, California-based GCT manufactures 4G and 5G chips for telecom clients for uses in a variety of home internet, infrastructure and mobile phone applications. ...READ MORE
After WeWork, Could Office-to-Residential Conversions Revive PropTech SPACs?
With what appears to be the impending bankruptcy of WeWork (NYSE:WE), it is beginning to feel like the end of an era, if not several eras.
Much of the focus has been the transition from WeWork’s eye-watering zenith at a $46 billion valuation and ambitions of irreversibly changing the world the way titans like Microsoft (NASDAQ:MSFT) or Google (NASDAQ:GOOG) did. ...READ MORE
Morning Roundup: November 3, 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 end of the week is bringing a raft of de-SPAC earnings releases, but although the market is picking back up, the tune from this crop companies is likely to be sung in a minor key. ...READ MORE
Morning Roundup: November 2, 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 cheery once again on the hints from Fed Chair Jerome Powell that the body could be done with rate hikes. ...READ MORE
Halloween Termination Spree Ups Ante for Upcoming Votes
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Morning Roundup: November 1, 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.
Even with Halloween now passed, it has been a spooky week for deals trying to make it to close without getting the chop. ...READ MORE
SPAC Lock-Up Expirations to Watch in November 2023
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Ares Acquisition Corporation (AAC) Terminates X-energy Deal, Will Liquidate
Ares Acquisition Corporation (NYSE:AAC) has mutually terminated its combination with nuclear energy firm X-energy and will liquidate on or about November 7.
The news marks an unfortunate end for deal that the two sides put significant work into since announcing it in December 2022. ...READ MORE
Morning Roundup: October 31, 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.
With futures up, there is potential that this morning sees movement from investors looking to cash in on the ole’ Halloween Indicator. ...READ MORE
Roth CH Acquisition V Co. (ROCL) Lets LOI with Slacker Expire
Roth CH V (NASDAQ:ROCL) announced this morning that it has slackened its grip on a possible deal with Slacker, allowing the letter of intent with the podcasting platform expire and breaking off further talks. ...READ MORE
Morning Roundup: October 30, 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.
Sometimes the best deals are those that you don’t do. ...READ MORE