The Latest SPAC News and Rumors: May 16, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Big law bullish on SPACs, DWAC and Trump Media eye second half deal close, and Alvotech announces positive results from pharmacokinetic study

Big Law Is Bullish on SPACs Even as Large Banks Pull Out

Proposed US rules causing banks to sour on SPACs are having the opposite effect on Big Law firms that see an uptick in inquiries about special purpose acquisition companies. ...READ MORE

We’re Launching a New Product: IPO Intel

We are pleased to announce the soft launch of our new database covering the Traditional IPO.

Many times over the past few years there have been instances where we’ve wished we had access to our own database of Traditional IPOs. ...READ MORE

The Latest SPAC News and Rumors: May 13, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Martin Franklin warns of more pain to come for SPACs, ShiftPixy announces special distribution of shares of Industrial Human Capital, and Betclic owner targets €7B Amsterdam listing

SPAC Pioneer Franklin Sees More Pain Coming for Blank-Check Bets

Serial blank-check investor Martin Franklin is warning of more pain to come for SPACs, recommitting to his notion that the market for the vehicles is overheated and should be governed by the same guidelines as initial public offerings. ...READ MORE

Lionheart II (LCAP) Secures Funded & Committed Equity Facilities for MSP Recovery Deal

Lionheart Acquisition Corp. II (NASDAQ:LCAP) announced this morning that it has secured a funded and committed equity facility with an affiliate of Cantor.

As background, Lionheart II entered into a definitive agreement to combine with medical billing firm MSP Recovery at an enterprise value of $32.6 billion back in July 2021. ...READ MORE

Kingswood Acquisition Corp. (KWAC) Signs LOI with Wentworth Management Services

Kingswood (NASDAQ:KWAC) announced this morning that it has entered into a non-binding letter of intent (LOI) to combine with broker dealer service platform Wentworth ahead of an extension vote.

Wentworth describes itself as a “special purpose vehicle to acquire and hold interests in broker dealers” with a long-hold strategy meant to capture economies of scale to serve financial institutions and advisors. ...READ MORE

Top 3 SPAC Targets – Discretionary Spending

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies gaining a boost from post-pandemic leisure spending. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE

OTR Acquisition Corp. (OTRA) Shareholders Approve Comera Life Sciences Deal

OTR Acquisition Corp. (NASDAQ:ORTA) filed an 8-K this afternoon with the results of its shareholders vote to approve its combination with biotech firm Comera Life Sciences in a special meeting held on Tuesday. ...READ MORE

The Latest SPAC News and Rumors: May 12, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Lordstown Motors and Foxconn enter JV agreement for EV development, D-Wave delivers industry-first hybrid solver, and Gogoro releases 1Q results

Lordstown Motors and Foxconn Close Asset Purchase Agreement and Enter into JV Agreement for MIH Based EV Development

Lordstown Motors Corp. ...READ MORE

The Latest SPAC News and Rumors: May 11, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: French media group Banijay to go public via Arnault-backed SPAC, Gensler says SPAC retreat shows concern about risk, and Gogoro to launch in Israel

French TV Producer Banijay to Go Public Via Arnault-Backed SPAC

French media group Banijay will go public through a merger with a blank-check acquisition firm backed by billionaire Bernard Arnault in a deal worth more than 4 billion euros ($4.21 billion), an executive at its parent company said on Tuesday. ...READ MORE

Chicken Soup for the Soul (CSSE) Acquires Redbox (RDBX) in All-Stock Deal

Redbox (NASDAQ:RDBX) has agreed to be acquired by Chicken Soup for the Soul Entertainment (NASDSAQ:CSSE) in an all-stock deal just over six months after Redbox closed a SPAC deal with Seaport Global. ...READ MORE

Lionheart II (LCAP) Declares New Warrants as Form of Dividend

Lionheart II (NASDAQ:LCAP) as part of their business combination with MSP Recovery, announced this afternoon that it had declared their dividend in the form of 1,029,000,000 new warrants at $11.50 per share to non-redeeming shareholders. ...READ MORE

The Latest SPAC News and Rumors: May 10, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Goldman Sachs and BofA scale back on SPACs, and American Express Global Business Travel announces first quarter earnings date

Goldman Sachs and Other Big Banks Hit SPAC Pause Button as Market Shifts and New Regulations Loom

Goldman Sachs Group Inc. ...READ MORE