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Author: Nicholas Alan Clayton

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New SPAC: YHN Acquisition I Limited (YHNAU) Files for $60M IPO

May 10, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton
YHN I (NASDAQ:DTSQU) has filed for a $60 million IPO today and brought with it a number of questions, chief among them: who is their underwriter? This is the first entry into SPAC underwriting for Lucid Capital Markets, a firm that does not appear to have a web presence or much of an existing reputation
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WinVest Acquisition Corp. (WINV) to Combine with Xtribe in $141M Deal

May 10, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
WinVest (NASDAQ:WINV) has entered into a definitive agreement to combine with ecommerce platform Xtribe at an equity value of $141 million. London-based Xtribe provides an ecommerce and ad-targeting marketplace connecting buyers and sellers in their local areas. The combined company is expected to trade on the Nasdaq once the deal is completed in late 2024.
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Morning SPAC News Roundup: May 10, 2024

May 10, 2024 SPACs in the News by Nicholas Alan Clayton
 At the SPAC of Dawn The long drought of new SPAC deals broke yesterday evening with WinVest‘s (NASDAQ:WINV) announcement of a $141 million ecommerce deal. It came exactly one month after the last deal, Blockchain Coinvestors‘ (NASDAQ:BCSA) announced tie-up with fintech Linqto. Before this, the SPAC market had scarcely gone two weeks without a fresh
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Timing Could Help or Hurt Thunder Bridge IV (THCP) as It Advances Coincheck Deal

May 9, 2024 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton
Thunder Bridge Capital Partners IV (NASDAQ:THCP) this week announced it believes it is nearing an SEC approval for its combination with Japanese crypto market place Coincheck, enough so that it aims to make it file its first public registration statement after previously filing them confidentially. Progress on the deal is surely welcome as it is
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IPO-Pricing

GP-Act III Acquisition Corp. (GPATU) Prices $250M IPO

May 9, 2024 Headline Post, INTEL, IPOs by Nicholas Alan Clayton
GP-Act III (NASDAQ:GPATU) announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GPATU”, Thursday, May 9, 2024. The new SPAC has not set a particular industry to focus its target search on, but aims to find a trendy target valued at between
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AltC (ALCC), Screaming Eagle (SCRM) Both Rise Following Votes

May 8, 2024 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton
Only one of the two SPACs holding completion votes on major deals yesterday has released its results, but investors have reacted in real time by buying up shares in each despite both of their host exchanges being overall down on the day. AltC (NYSE:ALCC) secured shareholder approval for its combination with nuclear fission firm Oklo
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Updated Critical Metals (CRML) Presentation Points to Pivotal Year in 2024

May 7, 2024 Headline Post, INTEL by Nicholas Alan Clayton
Rare earth miner Critical Metals (NASDAQ:CRML) dropped a new presentation today, providing its most significant update since completing its combination with Sizzle in February. The document points to 2024 being a potentially pivotal year for the firm as it cleared major development hurdles in getting preparing the ground for its Wolfberg lithium mine in Austria,
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De-SPACs XBP Europe (XBP), Gogoro (GGR) and NRX (NRXP) Among Monday’s Double-Digit Gainers

May 6, 2024 Headline Post, INTEL by Nicholas Alan Clayton
Some renewed hope around a 2024 rate cut propelled several stocks skyward in late Monday trading, and a large number of the day’s biggest gainers are tech-focused recent de-SPACs. The biggest one-day gain among de-SPACs late in the trading day is the +51.4% held by software firm XBP Europe (NASDAQ:XBP), which spun out from Exela
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Metals Acquisition (MTAL) Launches Warrant Exchange

May 6, 2024 Headline Post, INTEL by Nicholas Alan Clayton
Metals Acquisition (NYSE:MTAL) has begun an exchange of all outstanding warrants, offering holders up to 0.361 shares per warrant on a cashless basis or $0.10 per warrant if they so choose. The cashless option provides significantly more value as Metals last closed at $12.85, meaning warrants converted under that ratio would be worth about $4.63
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Morning SPAC News Roundup: May 6, 2024

May 6, 2024 SPACs in the News by Nicholas Alan Clayton
 At the SPAC of Dawn Autonomous driving has seen some of the highest peaks and deepest valleys in share performance as the market has adjusted its appetites on tech companies. But, although it has shown many pitfalls, it continues to attract significant investment and is a focus for both startups and established automakers. Hyundai (KS:005380)
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Opendoor (OPEN) Finishes Week with +27% Spike

May 3, 2024 Headline Post, INTEL by Nicholas Alan Clayton
Real estate marketplace Opendoor (NASDAQ:OPEN) is poised to be the latest de-SPAC to take a double-digit jump on earnings as it heads towards the weekend up +10%, having spiked as high as +27% earlier in the day. The movement comes as the former Social Capital II target reported progress towards profitability despite a high rates
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Rush Street Interactive (RSI) Surges on Q1 Results and Raised Guidance

May 2, 2024 Headline Post, INTEL by Nicholas Alan Clayton
Online casino and sports company Rush Street (NYSE:RSI) is up +18.4% in trading today on the back of a solid first quarter earnings release, bringing the company’s stock to its highest price since the second half of 2022 (currently $7.60). This makes it the latest in a line of 2020 and 2021 de-SPACs that have
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Mountain Crest Acquisition Corp. V (MCAG) Signs Term Sheet with CUBEBIO for $620M Deal

May 2, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Mountain Crest V (NASDAQ:MCAG) broke a long dealmaking silence by SPACs this morning, albeit with a non-binding agreement to combine with Seoul-based diagnostic biotech firm CUBEBIO. The term sheet would give the company a $620 million pre-transaction equity value and help accelerate the rollout of CUBEBIO’s CEED-NOVUS cancer screening kit products. The company signed an
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