Author: Nicholas Alan Clayton

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Pyrophyte Acquisition Corp (PHYT) to Combine with Sio Silica in $708M Deal

Pyrophyte (NYSE:PHYT) has entered into a definitive agreement to combine with quartz producer Sio Silica at an enterprise value of $708 million or 4.1x its 2025E EBITDA.

The Calgary-based company is developing two quartz mining sites outside of Winnipeg, Canada with the aim to supplying premium resources to the worldwide tech industry.

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Morning Roundup: November 13, 2023

At the SPAC of Dawn

Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.

Although SPAC deal announcements continue to slumber through the beginning of November, two definitive agreements with a minerals producer and an AI firm, plus a letter-of-intent (LOI) announcement this morning provide some pique as turkey day approaches.

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SPACs Turn Coffee to Cash as Brewhouse De-SPACs Report Profits Across the Board

Oil and gas stocks continue to be among the best performers among recent de-SPACs, but a different kind of black gold has turned into a roundly profitable sector for the investment vehicles. Westrock Coffee (NASDAQ:WEST) and Black Rifle Coffee (NYSE:BRCC) each reported third quarter earnings yesterday and showed an uncommon level of profits among recent
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SPAC-morning-roundup
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SPAC-morning-roundup
SPAC-morning-roundup

Morning Roundup: November 7, 2023

At the SPAC of Dawn

Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.

AST SpaceMobile (NASDAQ:ASTS) is set to provide a business update and preliminary third quarter financials a week from today on November 14, and it may be a call worth tuning into as the space business continues to shake out for better and worse.

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After WeWork, Could Office-to-Residential Conversions Revive PropTech SPACs?

With what appears to be the impending bankruptcy of WeWork (NYSE:WE), it is beginning to feel like the end of an era, if not several eras.

Much of the focus has been the transition from WeWork’s eye-watering zenith at a $46 billion valuation and ambitions of irreversibly changing the world the way titans like Microsoft (NASDAQ:MSFT) or Google (NASDAQ:GOOG) did.

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SPAC-morning-roundup
SPAC-morning-roundup