Morning SPAC News Roundup: September 10, 2024

Sep 10, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn The market may be in for a rollercoaster 24 hours of macro indicators. Just as the first presidential debate reset market expectations about the political direction of the US, so too did a switch at the top of the ticket by one of the major parties. At 9 pm ET
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Morning SPAC News Roundup: September 9, 2024

Sep 9, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn September’s busy, but short, first week is set to keep rolling with three completion votes by Achari I (OTC:AVHI), Nova Vision (NASDAQ:NOVV) and Focus Impact (NASDAQ:FIAC) this week. All three of these have been postponed at least once, and could do so again, but Focus Impact has its transaction deadline
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Compass Digital Acquisition Corp. (CDAQ) to Combine with EEW Renewables in $386M Deal

Sep 6, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Compass Digital (NASDAQ:CDAQ) has entered into a definitive agreement to combine with renewable energy firm EEW at a pro forma enterprise value of $386 million. London-based EEW is a solar, hydrogen and energy storage project developer with 1.4 GW of solar projects sold to date in Australia, the UK, Spain, and Sweden. The combined company
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Evergreen Corporation (EVGR) to Combine with Forekast Limited in $105M Deal

Sep 6, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Evergreen (NASDAQ:EVGR) has entered into a definitive agreement to combine with enterprise software firm Forekast at a pre-money enterprise value of $105 million. The company provides data analytics and customer engagement tools backed by some degree of AI automation to improve efficiencies for its business clients. The combined company is expected to trade on the
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Morning SPAC News Roundup: September 6, 2024

Sep 6, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn The auto-reply messages are off. SPACs are definitively back from vacation and in the thick of it. Two new SPACs are set to debut in trading today in Vine Hill (NASDAQ:VCICU) and Andretti II (NASDAQ:POLEU) and two SPACs have also landed their search on new targets, which could pull a
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Vine Hill Capital Investment Corp (VCICU) Prices $200M IPO

Sep 5, 2024 Headline Post, INTEL, IPOs by Nicholas Alan Clayton

Vine Hill Capital Investment Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VCICU”, Friday, September 6, 2024.

Andretti Acquisition Corp. II (POLEU) Prices $200M IPO

Sep 5, 2024 Headline Post, INTEL, IPOs by Nicholas Alan Clayton

Andretti Acquisition Corp. II announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “POLEU”, Friday, September 6, 2024.

Keen Vision Acquisition Corporation (KVAC) to Combine with Medera in $622.6M Deal

Sep 5, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Keen Vision (NASDAQ:KVAC) has entered into a definitive agreement to combine with clinical-stage biotech firm Medera at an enterprise value of $622.6 million. Boston-based Medera is developing a line of gene therapies to potentially treat rare cardiovascular ailments. The combined company is expected to trade on the Nasdaq once the deal is completed in the
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Morning SPAC News Roundup: September 5, 2024

Sep 5, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn Although the late summer tends to be a slow period in the market in general, things have already been heating up for gambling stocks as America’s biggest sport kicks off later today. Online gambling has been one of the more lucrative sectors for SPACs with the eight companies completing de-SPACs
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Morning SPAC News Roundup: September 4, 2024

Sep 4, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn There are now quite a few SPACs from the past cycle that have gotten extra long in the tooth at this point, but many have managed to find creative ways to keep things spinning long enough to complete a business combination of some sort. Metal Sky (NASDAQ:MSSA) is attempting one
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Denali Capital Acquisition Corp. (DECA) to Combine with Semnur Pharmaceuticals in $2.5Bn Deal

Sep 3, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Denali Capital (NASDAQ:DECA) has entered into a definitive agreement to combine with Semnur Pharmaceuticals at an equity value of $2.5 billion. Palo Alto, California-based Semnur is developing a non-opioid injectable pain treatment for lower back disorders. The combined company is expected to trade on the Nasdaq under the symbol “SMNR” once the deal is completed
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PowerUp Acquisition Corp. (PWUP) to Combine with Aspire Biopharma in $316M Deal

Sep 3, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

PowerUP (NASDAQ:PWUP) has entered into a definitive agreement to combine with Aspire Biopharma for $316.8 million in share compensation. Humacao, Puerto Rico-based is developing a method of administering aspirin more quickly with an oral powder as opposed to traditional pills. The combined company is expected to trade on the Nasdaq under the symbol “ASPH” once
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Morning SPAC News Roundup: September 3, 2024

Sep 3, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn September’s first week faces a pair of extension votes and a completion vote for Clover Leaf (NASDAQ:CLOE), although it has postponed it already once. Ault Disruptive (NYSE:ADRT) is also holding a meeting to reelect its chairman and confirm the appointment of Marcum as its auditor. Meanwhile, something of a copycat
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SPAC Lock-Up Expirations to Watch in September 2024

Aug 30, 2024 Headline Post, INTEL by Nicholas Alan Clayton

September is to be the first month in some time where one particular lock-up expiration is sure to attract all of the attention. That is of course, the lock-up for Digital World and its target Trump Media (NASDAQ:DJT), which ends September 25 for both parties. The deal has gotten meme stock treatment ever since it
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Mountain Crest Acquisition Corp. V (MCAG) to Combine with CUBEBIO in $375M Deal

Aug 30, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Mountain Crest V (NASDAQ:MCAG) has entered into a definitive agreement to combine with diagnostics biotech firm CUBEBIO for $375 million in equity compensation. Seoul, Korea-based CUBEBIO has developed 37 Korean patents around its CEED-NOVUS line of cancer screening kits. The combined company is expected to trade on the Nasdaq once the deal is completed in
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Morning SPAC News Roundup: August 30, 2024

Aug 30, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn It has been some time since a short seller landed a major punch against a de-SPAC, but Hindenburg Research has already done at least some damage with its latest investigation, this time into iLearningEngines (NASDAQ:AILE). The enterprise AI learning firm dropped -53% to $1.49 on yesterday’s report, which alleges that
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Cactus Acquisition Corp 1 (CCTS) to Combine with Tembo in $904M Deal

Aug 29, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Cactus 1 (NASDAQ:CCTS) has entered into a definitive agreement to combine with EV maker Tembo at a pro forma enterprise value of $904 million. Tembo is the Netherlands-based subsidiary of British energy transition firm VivoPower (NASDAQ:VVPR) focused on building fleets of electric-powered vehicles for off road or other specialized uses. The combined company is expected
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Agriculture & Natural Solutions (ANSC) to Combine with Australian Food in $625M Deal

Aug 29, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Agriculture & Natural Solutions (NASDAQ:ANSC) has entered into a definitive agreement to combine with Australian Food & Agriculture (AFA) at a valuation of $625 million, or 9.4x its 2024E revenue. The New South Wales, Australia based farming firm operates a diversified portfolio of crops and grazing land for sheep and cattle. The combined company is
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GigCapital7 (GIGGU) Prices Downsized $200M IPO

Aug 29, 2024 Headline Post, INTEL, IPOs by Nicholas Alan Clayton

GigCapital7 announced the pricing of its downsized $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GIGGU”, Thursday, August 29, 2024.

The new SPAC intends to combine with a technology target in the AI, medtech, sustainability, and broader TMT sectors.

Morning SPAC News Roundup: August 29, 2024

Aug 29, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn Certain things come in the threes and that was the case yesterday as AST SpaceMobile (NASDAQ:ASTS), AvePoint (NASDAQ:AVPT) and Westrock Coffee (NASDAQ:WEST) each announced moves to clear their warrant overhangs. In the case of software firm AvePoint and Westrock Coffee these were exchanges for cash and shares, but orbital telecom
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Author: Nicholas Alan Clayton