Despite a slow start to 2024, there are a variety of signs of the market coming back. Among them, NASDAQ CEO Adena Friedman noted yesterday in a Bloomberg interview in Davos that 85 companies have already lined up to list on the exchange. ...READ MORE
Flame Acquisition Corp. (NYSE:FLME) has once again increased the PIPE for its combination with Sable Offshore, totaling around $520.4 million, or 52 million shares at $10 per share, upon completion of the deal. ...READ MORE
Newcourt (NASDAQ:NCAC) announced in an 8-K this morning that it has secured an aggregate of $12.5 million in convertible notes for its merger with psychedelic medicine company Psyence (CSE:PSYG).
The notes will consist of up to four senior secured convertible notes, issuable to the purchaser at or after the closing, in exchange for up to $10 million in subscription amounts. ...READ MORE
The SPAC market has officially entered an election season with former President Donald Trump’s victory Monday in the Iowa caucus on the road to a potentially securing the Republican nomination. ...READ MORE
Pono Capital Three (NASDAQ:PTHR) announced this afternoon that it has closed its combination with eVTOL aircraft developer Horizon Aircraft.
Beginning January 16, the combined company’s shares and warrants will trade on the Nasdaq under the ticker symbols “HOVR” and “HOVRW”, respectively. ...READ MORE
Arisz (NASDAQ:ARIZ) announced in an 8-K this morning that it has increased its PIPE commitments to $74 million from $70 million for its merger with digital asset mining service BitFuFu.
The parties previously secured $70 million in funding at deal announcement for a purchase price of $10 per share which will be issued to stockholders at closing. ...READ MORE
Friday brings a few more potential swings in the ongoing rate cut-watch as the Producer Price Index (PPI) is set to drop at 8:30 am ET. ...READ MORE
Bukit Jalil Global Acquisition 1 (NASDAQ: BUJA) announced this afternoon that it has signed a non-binding Letter of Intent (LOI) with the AI-driven platform Global IBO Group.
Founded in 2019, GIBO provides a suite of technologies, such as AI script, voice and image, for content creators to assist in an array of creative solutions including script writing, voice synthesis, and art restoration. ...READ MORE
After a few fits, starts and hacks, the first spot Bitcoin ETFs are set to trade later today.
The move has been long-awaited by the crypto community as it has been seen as a means of quickly widening the asset’s ownership base, and therefore serve as the sort of catalyst that would push up demand – and therefore, prices – all of its own. ...READ MORE
Denali Capital (NASDAQ:DECA) announced this morning that its shareholders approved its combination with biotech firm Longevity during a special meeting yesterday, January 9.
The deal was overwhelmingly approved as holders of 5,196,327 shares voted in favor of the proposal while holders of just 10,100 shares cast their votes against it. ...READ MORE
While some SPACs have gotten off to a fast start after recent IPOs, the process has been start-and-stop for others.
Blue Room, which had aimed to raise $200 million in an IPO and got effective in late December, instead withdrew its registration this week. ...READ MORE
SPAC votes are picking back up today with Denali Capital‘s (NASDAQ:DECA) rescheduled special meeting to approve its combination with Longevity Biomedical and four other extension votes. ...READ MORE
Alset Capital Acquisition Corp. (NASDAQ:ACAX) has closed its combination with lifestyle company HWH International and will begin trading on The Nasdaq under the new ticker symbol “HWH” on January 9.
The business combination was previously approved by shareholders at a special meeting on August 1, 2023. ...READ MORE
AlphaTime Acquisition Corp. (NASDAQ: ATMC) has entered into a definitive agreement to combine with insurance brokerage HCYC.
Hong Kong-based HCYC Group functions as a registered holding company, but conducts its insurance brokerage operations through its subsidiary, HCYC Asia. ...READ MORE
ClimateRock (NASDAQ:CLRC) has entered into a definitive agreement to combine with GreenRock for about $446 million in share compensation.
ClimateRock has about $26.8 million in its current trust having seen about 67.3% of its shares redeemed in an earlier extension that gives it the right to push its transaction deadline to May 2. ...READ MORE
While the SPAC market continues to await movement on any new SPAC rules, this week could bring an SEC decision on bitcoin ETFs. A half dozen investment firms updated their S-1s for their prospective exchange-traded crypto funds this morning and there is speculation that the commission could make a broad ruling on the formations January 10. ...READ MORE
Screaming Eagle (NASDAQ:SCRM) filed their S-4 registration statement this afternoon for its combination with Lionsgate Studios. Included in the S-4 is a proposal for warrantholders where they will be asked to vote upon a proposal to amend the warrant agreement to provide that its whole public warrants, which have an exercise price of $11.50 per share, will be exchanged for $0.50. ...READ MORE
