Morning Roundup: October 16, 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.
As oil prices tick upwards, one SPAC neared close heading into the weekend with a company making a different sort of bet on a de-carbonizing economy. ...READ MORE
Morning Roundup: October 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.
Yesterday came the first update in months in the SPAC deal that has captivated retail investors like no other since the boom times as Digital World (NASDAQ:DWAC) gave an update in its work to trim down its PIPE. ...READ MORE
Digital World Acquisition Corp. (DWAC) PIPE Shaved Down to $533M
Digital World Acquisition Corp. (NASDAQ:DWAC) announced overnight that in its efforts to renegotiate the $1 billion PIPE for its combination with Trump Media & Technology Group, those commitments have now been reduced to $533 million. ...READ MORE
Morning Roundup: October 12, 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 yet another high-profile regular-way IPO breaking price on its debut in the form of Birkenstock (NYSE:BIRK), there is still a palpable chill in the air around new issuance despite other strong signs in the market. ...READ MORE
Plutonian Acquisition Corp. (PLTN) to Combine with Big Tree Cloud in $500M Deal
Plutonian (NASDAQ:PLTN) has entered into a definitive agreement to combine with consumer products firm Big Tree Cloud at an initial equity value of $500 million.
Shenzhen, China-based Big Tree manufactures and distributes personal care items with a specialization in feminine hygiene products. ...READ MORE
Morning Roundup: October 11, 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 tail end of the September holiday season meant little action over the past few weeks, but the SPAC market is shuddering back to life now with much more business on the docket in coming days. ...READ MORE
Energy, Space De-SPACs See Gains in Day 4 of Gaza War
Relative positivity has continued into a second straight day this week as the market leans perhaps more into encouraging signs around the future of interest rates than the prospect of renewed conflict in the Middle East. ...READ MORE
Morning Roundup: October 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.
SPACs had a quiet start to the week yesterday with the market digesting a new Middle East war and extra helpings from Canadian Thanksgiving. ...READ MORE
Israel-Based De-SPACs Dip Amid Fresh Gaza Violence
Israel’s tech sector has been fertile ground for SPAC dealmakers in recent years, but the latest outbreak of violence in the country has sent stocks of Israeli de-SPACs lower to start the week. ...READ MORE
Morning Roundup: October 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.
After a weekend in which the US markets maintained a slightly positive outlook year-to-date and hopes increased for US political stability, a war broke out from an unexpected angle. ...READ MORE
Accretion Acquisition Corp. (ENER) Signs LOI with New Era Helium
Accretion Acquisition Corp. (NASDAQ:ENER) has signed a non-binding letter of intent (LOI) to combine with natural resources company New Era Helium.
The parties have not yet released any financial parameters on the deal, but they expect to execute a definitive agreement together before the end of the year. ...READ MORE
Twin Ridge Capital Acquisition Corp. (TRCA) Amends Carbon Revolution Deal
Twin Ridge Capital Acquisition Corp. (NYSE:TRCA) announced in an 8-K that it has amended the share exchange ratio in its combination with automotive wheel-maker Carbon Revolution (ASX:CBR) to a 1-for-10 basis for all merger parties by order of an Australian court. ...READ MORE
FAST Acquisition Corp. II (FZT) Closes Falcon’s Beyond Deal
FAST Acquisition Corp. II (NYSE:FZT) has closed its combination with hospitality company Falcon’s Beyond and the combined company’s shares, preferred stock and warrants are expected to begin trading on the Nasdaq later today under the symbols “FBYD”, “FBYDP” and “FBYDW”. ...READ MORE
Morning Roundup: October 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.
After the first full month without a SPAC IPO in nearly a year and a half, Thursday night saw two new vehicles begin floating, Quetta and Spark I. ...READ MORE
Quetta Acquisition Corporation (QETAU) Prices $60M IPO
Quetta Acquisition Corporation (Nasdaq: QETAU) announced the pricing of its $60 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “QETAU” on Friday, October 6, 2023. ...READ MORE
Morning Roundup: October 5, 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.
Much of the conversation around SPACs tends to come in isolation, but Rivian’s (NASDAQ:RIVN) after-hours announcements yesterday show that launching a public EV brand is tough no matter how the company made it to the market. ...READ MORE
