Author: Nicholas Alan Clayton

lock-ups

SPAC Lock-Up Expirations to Watch in August 2024

August is set to be a relatively busy month with 11 SPAC sponsors and nine target companies gaining their first chance at liquidity with their lock-ups expiring, although this particular crop of companies may not see an immediate rush to trade. TriSalus Life Sciences (NASDAQ:TLSI) and the sponsor of MedTech, which took it public last
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Morning SPAC News Roundup: July 31, 2024

At the SPAC of Dawn When Chain Bridge I (NASDAQ:CBRG) announced July’s fourth business combination last week, it accompanied the news with a relatively light helping of detail on the transaction and target. But, it has just released its first investor presentation laying out its vision for boosting early-stage cannabis pharmaceutical firm Phytanix along what
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Newly Filed and Issued SPACs Include Some of the Best Serial Sponsors

The story of the Summer 2024 so far has been the return of serial SPAC sponsors to the market after many waited out the choppy waters of 2022-2023. That’s good news for the SPAC market as a whole, but also for investors looking to pick a winner. Seventeen repeat sponsors currently have a portfolio of
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SPAC-morning-roundup

Morning SPAC News Roundup: July 29, 2024

At the SPAC of Dawn The SPAC market is pivoting into the final week of July that is chock-full of votes. Ten SPACs are to see their shareholders weigh in this week starting tomorrow with Focus Impact BH3‘s (NASDAQ:BHAC) extension and Armada I‘s (NASDAQ:AACI) special meeting to complete its combination with adtech firm Rezolve. That
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SPAC-morning-roundup
IPO-Pricing
new-spac

New SPAC: Launch Two Acquisition Corp. (LPBBU) Files for $200M IPO

Launch Two (NASDAQ:LPBBU) has filed for a $200 million IPO that shows how the market has shifted for new issuance since its sister SPAC Launch One (NASDAQ:LPAAU) filed just over a month ago. Both SPACs are underwritten by Cantor Fitzgerald and seeking nominally the same raise at IPO, but Launch Two is overfunding its trust
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fold logo

FTAC Emerald Acquisition Corp. (EMLD) to Combine with Fold in $381M Deal

FTAC Emerald (NASDAQ:EMLD) has entered into a definitive agreement to combine with crypto fintech firm Fold at an enterprise value of $381 million. Phoenix, Arizona-based Fold provides digital banking services backed by a treasury of Bitcoin that includes FDIC-secured checking accounts as well Bitcoin trading and awards. The combined company is expected to trade on
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SPAC-morning-roundup

Morning SPAC News Roundup: July 24, 2024

At the SPAC of Dawn Dealmakers remain confident that AI is going to play a big role in their M&A processes, but feel unprepared for some the changes, according to a new survey of 225 corporate and 75 private equity transactions professionals. SS&C partner Mergermarket generated the report that found more than half of respondents
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Trailblazer Merger Corporation I (TBMC) to Combine with Cyabra in $70M Deal

Trailblazer Merger I (NASDAQ:TBMC) has entered into a definitive agreement to combine with data intelligence firm Cyabra at an enterprise value of $70 million. Tel Aviv-based Cyabra provides tools to corporations and governments to identify fake accounts and combat social media disinformation. The combined company is expected to trade on the Nasdaq once the deal
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phytanix logo

Chain Bridge I (CBRG) to Combine with Phytanix Bio in $58M Deal

Chain Bridge I (NASDAQ:CBRG) has entered into a definitive agreement to combine with cannabinoid pharmaceuticals firm Phytanix Bio at a pre-deal valuation of $58 million. Santa Barbara, California-based Phytanix is working to develop bladder and seizure treatments using cannabis-based substances. The combined company is expected to trade on the Nasdaq under the symbol “PHYX” once
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Maquia Capital Acquisition Corporation (MAQC) to Combine with Velocium in $445M Deal

Maquia Capital (NASDAQ:MAQC) has entered into a definitive agreement to combine with AI infrastructure firm Velocium at a valuation of $445 million. Miami-based Velocium is developing data center processors designed to be particularly efficient for use by AI applications and Web 3.0. The combined company is expected to trade on the Nasdaq under the symbol
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new-spac

New SPAC: Vine Hill Capital Investment Corp. (VCICU) Files for $200M IPO

Vine Hill Capital Investment Corp. (NASDAQ:ESPAU) has filed for a $200 million IPO, which marks underwriter Stifel Nicolaus’ return to the SPAC market after a hiatus of over two years. Stifel last served as a book-runner for a SPAC when filing for Kensington Capital IV in January 2022 and hasn’t acted as left-lead since Spree
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new-spac

New SPAC: Expectation Acquisition Corporation (ESPAU) Files for $60M IPO

Expectation Acquisition Corporation (NASDAQ:ESPAU) has filed to bring another Oppenheimer alum back to the market with a $60 million SPAC IPO. That officer is Expectation CFO Chi Zhuang, who started out as an equity research associate at the firm’s New York office in 2014. This overlapped with a period when Lewis Silberman, co-CEO of yesterday’s
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Morning SPAC News Roundup: July 18, 2024

At the SPAC of Dawn Stardust Power (NASDAQ:SDST) is the latest de-SPAC to rocket up this week after closing its combination with Global Partner II, but there could be more to its spike than simply the low float it currently represents. The parties got through their July 8 closing with just 134,550 public shares remaining
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