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
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
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
In our first Let’s Settle This poll late last month, we took the pulse of where SPAC watchers thought the overall market for fresh SPAC IPOs was headed on the eve of the Fed’s January 31 comments. ...READ MORE
SPACs have filed little business in the wake of the scores and gyrations of the Chiefs and Usher respectively last night (as accurately predicted by SPACInsider readers), but the week looks to pick up steam with four completion votes on the docket. ...READ MORE
Digital World Acquisition Corp. (NASDAQ:DWAC) has added a $50 million PIPE made up of convertible notes that convert to units at $8 per unit bearing one common share and a half warrant. ...READ MORE
Flame (NYSE:FLME) tipped in an 8-K this morning that only 150,823 shares were redeemed by the deadline ahead of its February 12 vote to complete its combination with Sable Offshore, demonstrating that fundamental investors are still sticking to some SPAC deals. ...READ MORE
SPACInsider readers have spoken once again, and this time SPAC watchers are predicting an upset.
Respondents to the latest Let’s Settle This poll are predicting the Kansas City Chiefs to win or at least come within two once Super Bowl LVIII hits the final buzzer this weekend. ...READ MORE
Helix Acquisition Corp. II (Nasdaq: HLXB) announced the pricing of its upsized $160 million IPO this morning and its shares are expected to begin trading on the Nasdaq under the symbol “HLXB” today, Friday, February 9, 2024. ...READ MORE
With Nevada now in the rear view, former President Donald Trump appears to now be on a glide path for a third nomination to run for president on the Republican ticket. ...READ MORE
Any play in the commercial property market appears set to be a buy-low opportunity for some time as real estate lender New York Community Bancorp (NYSE:NYCB) saw its bonds downgraded to junk and European and Asian banks show signs of the same contagion. ...READ MORE
With the quarter headed to the halfway point and the election season raging on, SPACInsider has a new question for readers.
Voters decision in the election itself is still a ways’ off, but, Let’s Settle This: Will Digital World (NASDAQ:DWAC) actually complete its combination with Trump Media & Technology Group this year? ...READ MORE
Legato Merger Corp. III (NYSE: LEGT) announced the pricing of its $175 million IPO this evening. Its units are expected to begin trading on the NYSE American under the symbol “LEGT U” on Tuesday, February 6, 2024. ...READ MORE
This week kicks off with a fair amount of SPAC activity on both ends of deals.
Three SPACs are set to hold extension votes today and this evening could see the pricing of 2024’s second SPAC IPO with Legato Merger Corp. ...READ MORE
