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Afternoon SPAC News Roundup: March 1, 2024

SPAC round-up

Afternoon SPAC News Roundup: March 1, 2024

News and Rumors Bloomberg: Digital World (NASDAQ:DWAC) and its target Trump Media and Technology Group (TMTG) were hit by a new wave of legal headaches this week as both the founders of its Truth Social platform and Digital World CEO Patrick Orlando filed lawsuits over the deal’s closing share allocations. One of the suits has
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Altitude Acquisition Corp. (ALTU) to Combine with Vesicor Therapeutics in $70M Deal

Altitude (NASDAQ:ALTU) has entered into a definitive agreement to combine with Vesicor Therapeutics for $70 million in equity consideration. San Gabriel, California-based Vesicor is developing treatments utilizing extracellular vesicles as both a therapy themselves and as a delivery system for other medicines. Transaction Overview Altitude has about $10.3 million in its current trust after seeing
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SPAC round-up

Afternoon SPAC News Roundup: February 29, 2024

News and Rumors Bloomberg: Online brokerage Webull made a point to divest its crypto business ahead of announcing its SPAC deal with SK Growth (NASDAQ:SKGR), its CEO Anthony Denier said, noting that previous attempts to list via a traditional IPO stalled. “The SEC has not been friendly [to crypto], which is widely known,” he added.
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SPAC-morning-roundup

SK Growth Opportunities Corporation (SKGR) to Combine with Webull in $7.3Bn Deal

SK Growth (NASDAQ:SKGR) has entered into a definitive agreement to combine with digital investment platform Webull at an enterprise value of $7.3 billion. New York-based Webull provides an equities trading and education platform to about 20 million cumulative users. The combined company is expected to trade on the Nasdaq once the deal is completed in
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SPAC round-up

Afternoon SPAC News Roundup: February 28, 2024

News and Rumors PR: Hillsinai Learning, which serves about 500,000 students across 40 schools and 5,000 partner schools, has hired iLearningEngines to build its AI learning automation platform. iLearningEngines has a pending combination with Arrowroot (NASDAQ:ARRW). SpaceNews: Virgin Galactic (NYSE:SPCE) does not expect any delays on its Galactic 07 mission to take passengers into space
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Aetherium Acquisition Corp. (GMFI) to Combine with Capital A in $1.1Bn Deal

Aetherium Acquisition Corp. (NASDAQ:GMFI) has entered into a definitive agreement to combine with Capital A (KL:5099), the parent company of the AirAsia airline at an estimated transaction value of $1.15 billion. Kuala Lumpur-based Capital A owns the AirAsia regional airline as well as subsidiaries in logistics, payments and loyalty. Transaction Overview Aetherium has an estimated
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SPAC-morning-roundup
SPAC round-up

Afternoon SPAC News Roundup: February 27, 2024

News and Rumors MarketWatch: Benchmark analyst Josh Sullivan said he believes the Moon landing by Inflection Point‘s Intuitive Machines (NASDAQ:LUNR) will be a catalyst for more investment in the commercial space industry, which has been cash-strapped in recent years. PR: Securities and crypto trading platform Coincheck, which has a pending combination with Thunder Bridge IV,
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SPAC-morning-roundup
SPAC round-up
SPAC-morning-roundup
SPAC-Terms-Tracker

SPAC IPO Terms Tracker: February 23, 2024

Terms Tracker for the Week Ending February 23, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As expected, new issuance filings were quiet this week.  But, deal announcements were surprisingly active.  Four more SPACs announced combinations in a shortened holiday week
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Did Pyrophyte Acquisition Corp (PHYT) Just Hit a Roadblock or Opportunity in Manitoba?

Pyrophyte (NYSE:PHYT) faced a major regulatory setback for its combination with mining firm Sio Silica this week, but a recent analogous SPAC deal could provide some encouragement for a path forward. Sio Silica is working to develop a high-grade silica mine in the Vivian Sands outside Winnipeg, Canada and it inked the $708 million combination
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SPAC round-up

Afternoon SPAC News Roundup: February 23, 2024

News and Rumors JD Supra: Securities class action lawsuits against SPACs and de-SPACs increased only slightly in 2023 with 27 after 2022 saw 24 and 2021 – 33. Lawsuits concerning the de-SPACing process itself dropped precipitously, however, representing just 21% of cases as compared to 69% in the previous two years and 80% in 2020.
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SPAC-morning-roundup

Morning SPAC News Roundup: February 23, 2024

At the SPAC of Dawn SPACs have officially landed on the Moon. Despite a few last-minute delays and minor malfunctions, Intuitive Machines’ (NASDAQ:LUNR) Odysseus lander made the first soft landing on the Moon since 1972 and the first ever by a commercial enterprise. Three other private missions to the moon have failed in recent years
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Moringa Acquisition Corp. (MACA) to Combine with Silexion in $62M Deal

Moringa (NASDAQ:MACA) has entered into a definitive agreement to combine with clinical-stage biotech firm Silexion at a pre-transaction equity value of $62.5 million. Modi’in-Maccabim-Reut, Israel-based Silexion is developing a range of potential cancer treatments with its most advanced efforts targeting pancreatic cancer. The combined company is expected to trade on the Nasdaq once the deal
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SPAC round-up