Over the last few years, a discernible trend has emerged as a select group of SPACs have set their focus on combining with conservative and “patriotic” targets, which have generated retail traction like few other sectors since early in the last SPAC cycle. ...READ MORE
The start of the Fed’s quiet period, which is to last until the beginning of February, has been positive for the market so far, but a less productive silence may build around the SEC’s Wednesday meeting on SPAC rule changes. ...READ MORE
AI was one of the big themes for SPACs in 2023. Now in 2024, investor appetite and the market opportunity around AI is just as strong.
This week, we speak with Michael Zacharski, CEO of BEN and Chris Gaertner, Co-CEO and CFO of DHC Acquisition Corp. ...READ MORE
After almost two years since it was first proposed, the SEC will be holding a meeting on Wednesday, January 24th, at 10AM, to consider changes to the current SPAC rules.
Bowen (NASDAQ:BOWN) has signed a merger agreement with Qianzhi BioTech for up to $86 million in share compensation.
The Shenzhen, China-based company provides plant-based remedies for various medical conditions.
The combined company is expected to trade on the Nasdaq once the deal is completed in the second or third quarter of 2024. ...READ MORE
Newcourt (NASDAQ:NCAC) announced this morning that its shareholders approved its combination with psychedelic medicine company Psyence (CSE:PSYG) during a special meeting yesterday, January 18.
Shareholders opted to redeem 929,727 shares at a redemption price of approximately $11.51 per share in connection with the vote, removing about $10.7 million from Newcourt’s trust and leaving it with 183,294 public shares outstanding and about $2.1 million in trust. ...READ MORE
Long awaited, the SEC has finally set 10 am ET Wednesday, January 24 as the kickoff of its discussion of its proposed SPAC rules.
The broad strokes of its proposals have been known for nearly two years (SPACInsider broke them down here) and some have already had effects in the market even in the absence of a concrete change. ...READ MORE
JVSPAC Acquisition Corp. (NASDAQ: JVSA) announced the pricing of its $50 million IPO this morning. Its units are expected to begin trading on the Nasdaq under the symbol “JVSAU” on Friday, January 19, 2024. ...READ MORE
Battery Future Acquisition Corp. (NYSE:BFAC) announced in an 8-K filing that it has entered into a purchase agreement to transfer control of its sponsor to Camel Bay, resulting in a change in management. ...READ MORE
Direct Selling Acquisition Corp. (NYSE:DSAQ) has entered into a definitive agreement to combine with urban air mobility company FlyBlade India, known as Hunch Mobility, at an enterprise value of $223 million. ...READ MORE
Quadro Acquisition One Corp. (NASDAQ:QDRO) has entered into a definitive agreement to combine with Global Growth Companies at an enterprise value of $3 billion.
Global Growth operates a diverse set of companies in the healthcare, financial services and communications fields. ...READ MORE
While East Asia continues to account for the largest portion of SPAC teams based outside of the US, the unique team behind Oxus (NASDAQ:OXUS) put a few more bricks in its path to completion this week. ...READ MORE
Vision Sensing (NASDAQ:VSAC) has entered into a definitive agreement to combine with Korean drug developer firm Mediforum at an enterprise value of $250 million.
Seoul-based Mediforum provides supplements and medicines derived from traditional ingredients to treat Alzheimer’s and memory loss. ...READ MORE
Buzz around generative AI has been off to the races lately and that is exactly where Zapata AI has put many of its tools to work.
This week, we speak with Christopher Savoie, CEO and Co-founder of Zapata AI and Bill Sandbrook, Co-CEO and Chairman of Andretti Acquisition Corp. ...READ MORE
Digital World Acquisition Corp. (NASDAQ:DWAC) has disclosed the termination of the remaining $530.5 million of its PIPE, with investors currently exploring alternative financing options.
The decision comes as a result of challenges related to one of the closing conditions for the PIPE, specifically the effectiveness of the initial resale Registration Statement by the SEC. ...READ MORE
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
