SPAC IPO Terms Tracker: More Liquidations, but Some Noticeable Improvement in IPOs
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Distoken Acquisition Corp (DISTU) Prices $60M IPO
Distoken Acquisition Corporation. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DISTU” Wednesday, February 15, 2023.
The new SPAC intends to focus on opportunities in the technology industry that have their primary operations located in Asia. ...READ MORE
SPAC IPO Terms Tracker: Signs of Spring in February?
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Podcast: Wejo’s CEO Richard Barlow and TKB Critical Technologies 1 Co-CEO & CFO Angela Blatteis
Why stop at one SPAC deal when you can do two SPAC deals? This week we speak with Wejo (NASDAQ:WEJO) CEO Richard Barlow.
Wejo announced a business combination with TKB Critical Technologies 1 (NASDAQ:USCT) in January, about 15 months after it closed an earlier combination with Virtuoso Acquisition Corp. ...READ MORE
Investors and Sponsors Still Facing Off Regarding Excise Tax
Just when you think the excise-tax issue might be getting close to being resolved… and then a new log gets thrown onto the fire.
In the ongoing discussion of the 1% excise tax issue, there seemed to be some consensus being built among investors and teams that it was verboten to ask investors to pay for it. ...READ MORE
SPAC IPO Terms Tracker: A Decent Start to February 2023
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SPACs Reducing Redemption Values Due to Excise Tax Are in the Crosshairs
The grumblings are getting louder…
The 1% excise tax on share buybacks is still causing ripple effects throughout the SPAC ecosystem. It’s a game of whack-a-mole where the issue never goes away, or like a SPAC virus that keeps spawning variants. ...READ MORE
Podcast: Tempo Automation President & CEO Joy Weiss and Chairman Behrooz Abdi
Electronics manufacturing is a huge sector, but it’s also fragmented, particularly at the early stages of a new product’s lifecycle.
With its SPAC deal, Tempo Automation (NASDAQ:TMPO) is hoping to change that. ...READ MORE
SPAC IPO Terms Tracker: Closing in on the End of the First Month of 2023
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Podcast: LanzaTech CEO Dr. Jennifer Holmgren
Carbon capture technology has long been talked about, and it is finally in operation with LanzaTech among the pioneers. Its plants are turning potential emissions into clothing, household goods and sustainable fuels. ...READ MORE
Podcast: Brandon Mintz, CEO of Bitcoin Depot & Gus Garcia, from GSR II Meteora
It has been a bumpy year for crypto, but what if there was a way to invest in the space while dodging the volatility?
Bitcoin Depot hopes to be that stock and announced a $755 million dollar combination with GSR II Meteora Acquisition Corp. ...READ MORE
Additional SPACs Want to Reduce Trust Value to Pay for Excise Tax Too
Anzu Special Acquisition Corp. I (Nasdaq: ANZU) filed their definitive proxy on Friday for their extension vote to be held on February 9th. What remained in the definitive proxy was their ability to remove earned interest from the trust account to pay for any excise tax due to redemptions. ...READ MORE
SPAC IPO Terms Tracker: Midway through January
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Armada Acquisition Corp. I (AACI) Risks Investor Ire by Reducing Trust Value
Armada Acquisition Corp. I (Nasdaq: AACI) filed a supplement to its extension proxy yesterday with some language that was sure to raise a few eyebrows in the SPAC investor community. Namely, that it wants the ability to remove earned interest from the trust account to pay for any excise tax due to redemptions. ...READ MORE
SPAC IPO Terms Tracker: Midway through January
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Podcast: Plastiq Founder & CEO Eliot Buchanan
Small and medium-sized businesses (SMBs) are hard to market to and are routinely under-banked, so how can financial services firms reach them?
This week, we speak with Plastiq Founder and CEO Eliot Buchanan. ...READ MORE
Full-Year 2022 SPAC Review
An In-Depth Look at SPAC Activity Throughout the Full Year of 2022
Below is a summary of the 2022 SPAC market.
By all counts, the number of SPAC IPOs in 2021, at 613, was a high water mark not likely to be seen again in future years.
SPACInsider 2022 Awards and SPAC Deal of the Year
2022 was the year of the SPAC steeplechase. Just when SPACs thought they had cleared one hurdle, they would turn the corner and find they needed to jump a new and deeper moat. ...READ MORE
Treasury Issues Guidance on Buybacks. What Does It Mean For SPACs?
This morning the treasury department finally issued guidance around the issue of share buybacks, which has been haunting the capital markets since August when the 1% excise tax was first introduced. ...READ MORE
Podcast: Abacus Life President & CEO Jay Jackson
What is your life insurance policy worth while you’re still living? This week, we speak with Abacus Life President and CEO Jay Jackson who may just want to buy yours.
Abacus Life has made a business of buying consumer life insurance policies for upfront payments and holding them until maturity. ...READ MORE