Author: Nicholas Alan Clayton

SPAC-morning-roundup
SPAC-morning-roundup

Morning SPAC News Roundup: May 28, 2024

At the SPAC of Dawn Friday afternoons ahead of holiday weekends tend to be busy with filings and new SPAC registrations, but this Memorial Day passed with mostly minor adjustments to transactions and no new SPACs, after Perceptive Capital (NASDAQ:PCSC) and Centurion (NASDAQ:ALFUU) each filed for IPOs earlier last week. There is plenty of activity
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SPAC-morning-roundup

Churchill Capital Corp VII (CVII) Ups CorpAcq Valuation in Deal Tweaks

Churchill VII (NYSE:CVII) has upped its enterprise value of target CorpAcq by +10.1% to $1.74 billion from $1.58 billion, according to a refreshed investor presentation released this morning. The new deck also provides some new numbers on CorpAcq’s estimated 2023 results and sheds some light on why Churchill VII may have postponed its May 21
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new-spac

New SPAC: Centurion Acquisition Corp. (ALFUU) Files for $250M IPO

Centurion Acquisition Corp. (NASDAQ:ALFUU) has filed for a $250 million IPO with a commitment by its sponsor group to try and get to its full allotment in-house. The S-1 includes language that “The sponsor limited partners have expressed to us an interest in purchase up to an aggregate of approximately $283,500,000 of the units in this
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SPAC-morning-roundup
new-spac

New SPAC: Perceptive Capital Solutions Corp (PCSC) Files for $75M IPO

Perceptive Capital Solutions (NASDAQ:PCSC) has filed for a $75 million IPO with an experienced team able to drive ambitious terms. It becomes just the second SPAC in six months to file for a vehicle without either warrants or rights and it would become one of a select few teams that have gotten such a vehicle
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Morning SPAC News Roundup: May 22, 2024

At the SPAC of Dawn Autonomous driving de-SPACs gained a new playground this week as the UK has passed expansive new legislation allowing for autonomous vehicle testing and use on British roads. The new law will clarify liability issues around collisions and beef up its regulatory arm that considers new vehicles to be approved for
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Morning SPAC News Roundup: May 21, 2024

At the SPAC of Dawn Yesterday’s trading provided a jumpy session for some of the highest profile recent de-SPACs with crypto marketplace Bakkt (NYSE:BKKT) leaping +45% to $16.65, although this price would be $0.67 adjusted for stock splits. DTC health firm Hims (NYSE:HIMS) and EV maker VinFast (NASDAQ:VFS) each gained more than +25% on the
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Distoken Acquisition Corporation (DIST) to Combine with Youlife

Distoken (NASDAQ:DIST) has entered into a definitive agreement to combine with staffing firm Youlife International. Shanghai-based Youlife provides a staffing and recruitment platform aimed at training up applicants and getting them matched with vocational careers in China and the Asia-Pacific region. The combined company is expected to trade on the Nasdaq under the symbol “YOUL”
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SPAC-morning-roundup
SPAC-morning-roundup
AST-SpaceMobile-2

AST SpaceMobile (ASTS) Soars on AT&T Deal, Earnings

AST SpaceMobile (NASDAQ:ASTS) has been on +68% a tear off of its double-barreled announcement after hours yesterday that it signed a six-year commercial partnership with telecom AT&T (NYSE:T) and had beaten analyst expectations with its first quarter earnings. It has, in fact, been the best performer on the US markets throughout the afternoon outside of
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SPAC-morning-roundup
tyfon logo

Global Technology Acquisition Corp. I (GTAC) to Combine with Tyfon in $434M Deal

Global Technology I (NASDAQ:GTAC) has entered into a definitive agreement to combine with art marketplace Tyfon at an enterprise value of $434 million, or 12.7x its $34 million 2023 EBITDA. Suzhou, China-based Tyfon operates as a dealer of Chinese contemporary art, selling pieces online and through traditional exhibition methods. The combined company is expected to
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aiways logo sharp

Hudson Acquisition I Corp. (HUDA) to Combine with Aiways in $400M Deal

Hudson I (NASDAQ:HUDA) has signed a letter agreement to combine with EV maker Aiways Europe at an equity value of $400 million. Aiways is headquartered in Shanghai and focused on developing a line of EV SUVs for the European and Asian markets. The combined company is expected to trade on the Nasdaq once the deal
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SPAC-morning-roundup

Morning SPAC News Roundup: May 15, 2024

At the SPAC of Dawn SPACs are showing a continued resurgence in activity this morning as two new business combinations have been announced since the market close yesterday. The return of meme trader Roaring Kitty appears to have also injected fresh adrenaline into the retail market. Alongside pops with the usual meme stocks, shareholders in
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classover logo

Battery Future Acquisition Corp. (BFAC) to Combine with Classover in $135M Deal

Battery Future (NYSE:BFAC) has entered into a definitive agreement to combine with edtech firm Classover at an enterprise value of $135 million. New York-based Classover provides an online tutoring and remote learning platform for K12 students. The combined company is expected to trade on the NYSE once the deal is completed in the second half
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Morning SPAC News Roundup: May 14, 2024

 At the SPAC of Dawn The second shoe to drop from last week’s big closing votes came in late in the afternoon yesterday, confirming that Screaming Eagle (NASDAQ:SCRM) shareholders approved its combination with Lionsgate Studios and the new entity will begin trading later today. The SPAC does not appear to have met its commitment to
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Amprius Technologies (AMPX) Temporarily Drops Warrant Exercise Price to $1.10

Amprius (NYSE:AMPX) announced this morning that it will allow holders of its 29,268,236 outstanding public warrants to exercise them at a cash price of $1.10 per warrant until 5 pm ET June 11. The lithium-ion battery maker embarked on the move in order to pull in working capital as well as address its warrant overhang.
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