DT Cloud Acquisition Corporation (DYCQU) Prices $60M IPO
DT Cloud Acquisition Corporation (NASDAQ:DYCQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DYCQU” today, Wednesday, February 21, 2024. ...READ MORE
Morning SPAC News Roundup: February 16, 2024
At the SPAC of Dawn
A great number of SPACs entered 2024 in a sense of drift with many attempting to carry combinations to close that had been pending for a year or more and uncertainty loomed with SEC and Fed decisions still in the air. ...READ MORE
Afternoon SPAC News Roundup: February 15, 2024
Deals and Funding
- Integrated Wellness (NYSE:WEL) has signed a letter of intent to combine with Btab Ecommerce Group (OTC:BBTT) at an initial enterprise value of $250 million.
- Tevogen Bio (NASDAQ:TVGN), which yesterday closed its combination with Phoenix Biotech (NASDAQ:PBAX), has signed a securities purchase agreement under which the investor will pay $8 million for Series A Preferred stock that is convertible into 2,000,000 shares ($4 per share).
Morning SPAC News Roundup: February 15, 2024
At the SPAC of Dawn
Much has been written about Digital World‘s (NASDAQ:DWAC) epic and at times seemingly quixotic journey to complete its combination with Trump Media and Technology Group (TMTG) including, of course, here at SPACInsider. ...READ MORE
Afternoon SPAC News Roundup: February 14, 2024
News and Rumors
- PR: ADAS technology company LeddarTech (NASDAQ:LDTC) has reduced the exercise price for its warrants to $11.17 per share from $11.50 to meet its anti-dilution provisions in view of the share dividends paid out by Prospector Capital, which took it public in a combination that closed in December.
Morning SPAC News Roundup: February 14, 2024
At the SPAC of Dawn
Yesterday, SPACInsider dove into some of the internal drama that now appears to be hampering Digital World‘s (NASDAQ:DWAC) ability to close its combination with Trump Media & Technology Group (TMTG). ...READ MORE
Executive Drama at Digital World Acquisition Corp. (DWAC) Provides New Source of Risk
Digital World‘s (NASDAQ:DWAC) saga-length journey gained a new chapter this week as the team added several new pages to the “Risk Factors” section of its amended S-4, each concerning internal fights that could potentially derail the deal’s close. ...READ MORE
Continental Intervenes in Rose Hill’s Efforts to Dip into Trust Money
One of the weirder recent developments in SPAC World is regarding Rose Hill Acquisition Corp. Rose Hill, which had a completion deadline of January 19, 2024, attempted to claw back redemptions in order to pay their creditors. ...READ MORE
