SPAC IPO Terms Tracker: Some Upsizes, but Terms Still Tight
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The Latest SPAC News and Rumors: September 24, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SPACs may be a boon to CLO equity returns and SAB Biotherapeutics receives positive safety review
SPAC Acquisitions of Distressed Companies Help Drive CLO Returns
The increase of SPACs is yet another positive factor working in favor of the red-hot collateralized loan obligation market, which is very close to achieving an annual sales record, according to CLO equity investor Flat Rock Global. ...READ MORE
Top 3 SPAC Targets – DevOps
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among the emerging DevOps technology space. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
Direct Selling Acquisition Corp. (DSAQ.U) Prices $200M IPO
Direct Selling Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “DSAQ.U” Friday, September 23.
The Company intends to combine with domestically based businesses within the direct selling industry. Direct ...READ MORE
GigCapital5,Inc. (GIA.U) Prices $200M IPO
GigCapital5,Inc. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “GIA.U” Friday, September 24.
The Company will seek companies in the technology, media, and telecommunications, aerospace and defense, advanced medical equipment, intelligent automation and sustainable industries anywhere in the world that embrace today’s digital transformation and intelligent automation as a competitive advantage. ...READ MORE
The Latest SPAC News and Rumors: September 23, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Elizabeth Warren, other Senate Democrats raise concerns about SPAC incentives, Singapore startup Mirxes in talks to merge with Summit Healthcare, and IonQ partners with GE Research
Elizabeth Warren and Democrats Are Going After SPAC Kingpins
Elizabeth Warren and other Senate Democrats are targeting some of the biggest names behind SPACs, questioning whether the once red-hot market will trigger outsized losses for retail investors. ...READ MORE
Union Acquisition Corp. II (LATN) Shareholders Approve Procaps Deal
Union Acquisition Corp. II (NASDAQ:LATN) announced that its shareholders approved its combination with pharmaceutical manufacturer Procaps Group at a shareholder vote yesterday.
In a subsequent 8-K filing, the SPAC showed that 70.5% of its shareholders opted to redeem, however, removing an estimated $77.8 million from its trust. ...READ MORE
Live Oak Crestview Climate Acquisition Corp. (LOCC.U) Prices $200M IPO
Live Oak Crestview Climate Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “LOCC.U” Thursday, September 23. ...READ MORE
The Latest SPAC News and Rumors: September 22, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Pakistan introduces regulatory framework for SPACs, SAB Biotherapeutics awarded $60.5M for COVID-19 treatment, and Aurora teams up with PACCAR and FedEx
Public Offering Regulations Amended for SPAC Framework
The Securities and Exchange Commission of Pakistan (SECP) has amended the Public Offering Regulations, 2017 to introduce a regulatory framework for SPACs. ...READ MORE
Cerberus Telecom (CTAC) Further Postpones Shareholder Vote
Cerberus Telecom Acquisition Corp. (NYSE:CTAC) has again postponed its special meeting to vote to approve its combination with internet-of-things (IoT) provider KORE Wireless.
The meeting, which was originally supposed to be held September 16th, but was first postponed to today, September 22nd, has been further postponed to next Wednesday, September 29th at 10:00 am. ...READ MORE
Argus Capital Corp. (ARGUU) Prices Upsized $265M IPO
Argus Capital Corp. announced the pricing of its upsized $265 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ARGUU” Wednesday, September 22.
The Company intends to pursue a business combination in the media/entertainment/sports industry including “over-the-top” digital streaming, mobile gaming/interactive entertainment, and digital media, which can capitalize on the expertise of its management team. ...READ MORE
Inflection Point Acquisition Corp. (IPAXU) Prices $300M IPO
Inflection Point Acquisition Corp. announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPAXU” Wednesday, September 22.
The Company intends to pursue a business combination with a North American or European business in the consumer and technology sectors, which complements the expertise of its management team. ...READ MORE
Fusion Acquisition Corp. (FUSE) Shareholders Approve MoneyLion Deal
Fusion Acquisition Corp. (NYSE:FUSE) announced in an 8-K filing today that its shareholders approved its combination with fintech platform MoneyLion at a shareholder vote held earlier this morning.
The filing did not disclose redemption numbers, but FUSE traded above $10 throughout its redemption deadline September 17, and climbed 10.47% today, closing at $10.76. ...READ MORE
The Latest SPAC News and Rumors: September 21, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Timberlake, Lizzo back Hydrow ahead of SPAC deal, Malaysia reviews framework for SPACs, and Embark Trucks collaborates with Cummins
Timberlake, Lizzo Back Rowing Startup Hydrow Ahead of SPAC Deal
Recording artists Justin Timberlake and Lizzo invested in Hydrow, a maker of at-home rowing machines that’s discussing going public through a merger with Sandbridge X2 Corp. ...READ MORE
HHG Capital Corp. (HHGCU) Prices $50M IPO
HHG Capital Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HHGCU” Tuesday, September 21.
The new SPAC intends to combine with an established business that is currently under-performing its potential due to a temporary period of dislocation in the markets. ...READ MORE
The Latest SPAC News and Rumors: September 20, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Hong Kong struggles to lure SPACs while MENA SPAC activity surges; WeWork to start trading in October
Hong Kong Seen Struggling to Lure SPACs With Strict Rulebook
Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to list in the city, according to Bloomberg. ...READ MORE