Podcast: SPAC Market Update with Dimitre Genov, Ed Kovary, and Nick Skibo

Sep 24, 2024 Headline Post, INTEL, Podcasts & Webinars by Nicholas Alan Clayton

This week, SPACInsider founder Kristi Marvin speaks with a panel spanning the banking, investing and advisory sides of SPAC transactions.

She is joined by Ed Kovary, Head of SPAC Capital Markets at BTIG, Nick Skibo, Managing Partner at Gritstone Asset Management, and Dimitre Genov, a Managing Director at Brookline Capital Markets advising SPAC sponsors on IPOs and de-SPAC transactions.

New SPAC: Bold Eagle Acquisition Corp (BEAGU) Files for $250M IPO

Sep 23, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton

Bold Eagle (NASDAQ:BEAGU) brings one of the most successful teams in SPACs back to the market in addition to its play on words for a $250 million IPO with unique terms attached. Although the Eagle team currently ranks 10th among serial SPAC sponsors for average return on the split-adjusted share price of its de-SPACs, it
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FutureTech II Acquisition Corp. (FTII) to Combine with Longevity Biomedical in $100M Deal

Sep 23, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

FutureTech II (NASDAQ:FTII) has entered into a definitive agreement to combine with Longevity Biomedical at a pre-money valuation of $100 million. Bothell, Washington-based Longevity is building a platform to consolidate a number of clinical-stage therapies, beginning with treatment candidates aiming to improve outcomes of certain vascular conditions as well as replace lost tissue. The combined
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Morning SPAC News Roundup: September 23, 2024

Sep 23, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn Last week is set to sneak into the beginning of this week as SPAC dealmakers announced one new business transaction and two new SPACs filed for IPOs. These two new vehicles bring a pair of the most successful serial SPAC teams back to the market in the form of Betsy
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Morning SPAC News Roundup: September 20, 2024

Sep 20, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn With the end of the quarter approaching, it is also the season of refreshing investor decks for pending combinations and de-SPACs that have already made it through the process. Buy-now-pay-later firm Oppfi (NYSE:OPFI) provided its own update in the last 24 hours with financial marks that don’t quite hit what
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Cayson Acquisition Corp. (CAPNU) Prices $60M IPO

Sep 19, 2024 Headline Post, INTEL, IPOs by Nicholas Alan Clayton

Cayson Acquisition Corp. announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CAPNU”, Friday, September 20, 2024.

The new SPAC intends to focus its search on Asian businesses, but does not expect to combine with a Chinese variable interest entity (VIE).

Morning SPAC News Roundup: September 19, 2024

Sep 19, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn The Fed’s surprisingly aggressive decision to cut rates by 50 basis points yesterday gave a big boost to several SPACs and de-SPACs, many of which had endured a long slump while uncertainty over the coming interest rate climate reigned. None had a better day on paper than digital transformation firm
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New SPAC: Roman DBDR Acquisition Corp II (DRDBU) Files for $200M IPO

Sep 18, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton

Roman DBDR II (NASDAQ:DRDB) has filed for a $200 million SPAC with serial sponsor terms just as the team’s first deal undergoes a transition with other SPAC personalities. This new vehicle has its trust overfunded to 100.5% with $10.05 per share in trust out the gate. It also has 1/2 warrants in its units with
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Morning SPAC News Roundup: September 18, 2024

Sep 18, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn Christmas Day has finally arrived for SPAC watchers pining for a rate cut. The only question is how many basis point presents will they find under the tree when Fed Chair Jerome Powell takes the podium at 2 pm ET today. This is far from the only economic indicator set
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YHN Acquisition I Limited (YHNAU) Prices $60M IPO

Sep 17, 2024 Headline Post, INTEL, IPOs by Nicholas Alan Clayton

YHN Acquisition I Limited announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YHNAU”, Wednesday, September 18, 2024.

Chenghe Acquisition II Co. (CHEB) to Combine with Polibeli in $3.6Bn Deal

Sep 17, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Chenghe II (NYSE:CHEB) has entered into a definitive agreement to combine with the Polibeli Group at a $3.6 billion equity value. Jakarta-based Polibeli operates an online and app-based wholesale marketplace for small businesses on Indonesia’s Java island. The combined company is expected to trade on the NYSE once the deal is completed. Transaction Overview Chenghe
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Horizon Space Acquisition I Corp. (HSPO) to Combine with Squirrel Enlivened in $200M Deal

Sep 17, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Horizon Space I (NASDAQ:HSPO) has entered into a definitive agreement to combine with brand marketing firm Squirrel Enlivened for $200 million in equity consideration. Shenzhen, China-based Squirrel Enlivened serves as a video and print ad agency for Asian clients of a variety of sizes. The combined company is expected to trade on the Nasdaq once
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Morning SPAC News Roundup: September 17, 2024

Sep 17, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn SPACs celebrated the beginning of the Fed meeting today with two new deal announcements. Both transactions are by Asia-based teams, but represent seemingly very different processes. Horizon Space I (NASDAQ:HSPO) has been working on its combination with Squirrel Enlivened since at least last October, when it signed an letter of
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SPAC Deals With Reduced Promotes Outperform Others

Sep 16, 2024 Headline Post, INTEL by Nicholas Alan Clayton

Many things go into an M&A transaction negotiation, but one of the most common points at issue in SPAC deals is the fate of the sponsor’s promote. While the two sides might wrangle back and forth on the target’s valuation and potential earnout consideration, it is also common for the sponsor to agree to concessions
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Morning SPAC News Roundup: September 16, 2024

Sep 16, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn The tantalizing “will they, won’t they” drama around rate cuts appears set to finally come to a head this week as the Federal Reserve is expected to make an interest rate decision Wednesday morning. But, that is far from all that is going down in SPACland this week. The five
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Alpha Star Acquisition Corporation (ALSA) to Combine with XDATA in $180M Deal

Sep 13, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Alpha Star (NASDAQ:ALSA) has entered into a definitive agreement to combine with fintech firm XDATA at an equity value of $180 million. Tallinn, Estonia-based XData provides payment software and digital banking systems for business clients. The combined company is expected to trade on the Nasdaq once the deal is completed in late 2024. Transaction Overview
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Morning SPAC News Roundup: September 13, 2024

Sep 13, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn The market shifted this week on the see-saw of the US election prospects, but, beyond the policies at play, another impact the election could have on the SPAC market is the potential for a fair amount of people movement. Many of the biggest names in SPACland have been bundling donations
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Morning SPAC News Roundup: September 12, 2024

Sep 12, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn After what appeared to a pause in activity around the presidential debate, Southport (OTC:PORT) and Future Vision II (NASDAQ:FVNNU) broke the seal yesterday on both new business combinations and IPOs, respectively. Two SPACs are about to come off of the board as well, however, as 99 Acquisition Group (NASDAQ:NNAG) has
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Southport Acquisition Corporation (PORT) to Combine with Angel Studios in $1.6Bn Deal

Sep 11, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Southport (OTC:PORT) has entered into a definitive agreement to combine with Angel Studios at a pro forma enterprise value of $1.56 billion. Angel Studios produces film and TV content for both streaming and theatrical releases. The combined company is expected to trade on the NYSE or Nasdaq under the symbol “AGSD” once the deal is
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Morning SPAC News Roundup: September 11, 2024

Sep 11, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn Anyone hoping for fireworks at last night’s US presidential debate was unlikely to have been disappointed. But, for many industries and family pets just hoping to be left out of it, it was no dice. On the SPAC side of things, of course no de-SPAC is more tied to this
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Author: Nicholas Alan Clayton