Author: Nicholas Alan Clayton

SPAC round-up

Afternoon SPAC News Roundup: February 28, 2024

News and Rumors PR: Hillsinai Learning, which serves about 500,000 students across 40 schools and 5,000 partner schools, has hired iLearningEngines to build its AI learning automation platform. iLearningEngines has a pending combination with Arrowroot (NASDAQ:ARRW). SpaceNews: Virgin Galactic (NYSE:SPCE) does not expect any delays on its Galactic 07 mission to take passengers into space
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Aetherium Acquisition Corp. (GMFI) to Combine with Capital A in $1.1Bn Deal

Aetherium Acquisition Corp. (NASDAQ:GMFI) has entered into a definitive agreement to combine with Capital A (KL:5099), the parent company of the AirAsia airline at an estimated transaction value of $1.15 billion. Kuala Lumpur-based Capital A owns the AirAsia regional airline as well as subsidiaries in logistics, payments and loyalty. Transaction Overview Aetherium has an estimated
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SPAC-morning-roundup
SPAC round-up

Afternoon SPAC News Roundup: February 27, 2024

News and Rumors MarketWatch: Benchmark analyst Josh Sullivan said he believes the Moon landing by Inflection Point‘s Intuitive Machines (NASDAQ:LUNR) will be a catalyst for more investment in the commercial space industry, which has been cash-strapped in recent years. PR: Securities and crypto trading platform Coincheck, which has a pending combination with Thunder Bridge IV,
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SPAC-morning-roundup
SPAC round-up
SPAC-morning-roundup

Did Pyrophyte Acquisition Corp (PHYT) Just Hit a Roadblock or Opportunity in Manitoba?

Pyrophyte (NYSE:PHYT) faced a major regulatory setback for its combination with mining firm Sio Silica this week, but a recent analogous SPAC deal could provide some encouragement for a path forward. Sio Silica is working to develop a high-grade silica mine in the Vivian Sands outside Winnipeg, Canada and it inked the $708 million combination
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SPAC round-up

Afternoon SPAC News Roundup: February 23, 2024

News and Rumors JD Supra: Securities class action lawsuits against SPACs and de-SPACs increased only slightly in 2023 with 27 after 2022 saw 24 and 2021 – 33. Lawsuits concerning the de-SPACing process itself dropped precipitously, however, representing just 21% of cases as compared to 69% in the previous two years and 80% in 2020.
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SPAC-morning-roundup

Morning SPAC News Roundup: February 23, 2024

At the SPAC of Dawn SPACs have officially landed on the Moon. Despite a few last-minute delays and minor malfunctions, Intuitive Machines’ (NASDAQ:LUNR) Odysseus lander made the first soft landing on the Moon since 1972 and the first ever by a commercial enterprise. Three other private missions to the moon have failed in recent years
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Moringa Acquisition Corp. (MACA) to Combine with Silexion in $62M Deal

Moringa (NASDAQ:MACA) has entered into a definitive agreement to combine with clinical-stage biotech firm Silexion at a pre-transaction equity value of $62.5 million. Modi’in-Maccabim-Reut, Israel-based Silexion is developing a range of potential cancer treatments with its most advanced efforts targeting pancreatic cancer. The combined company is expected to trade on the Nasdaq once the deal
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SPAC round-up

AltEnergy Acquisition Corp. (AEAE) to Combine with Car Tech in $80M Deal

AltEnergy (NASDAQ:AEAE) has entered into a definitive agreement to combine with automotive parts manufacturer Car Tech at a yet undisclosed enterprise value. Opelika, Alabama-based Car Tech manufactures stamped metal parts that make up automotive chassis and bodies for car makers. The combined company is expected to trade on the Nasdaq once the deal is completed
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SPAC-morning-roundup

Morning SPAC News Roundup: February 22, 2024

At the SPAC of Dawn Once upon a time, Lucid (NASDAQ:LCID) and its SPAC partner Churchill IV, were the darlings of retail investors and meme stock traders, but a new de-SPAC has emerged with promises of zooming investors to the moon. Intuitive Machines (NASDAQ:LUNR), which combined with Inflection Point in February 2023, today aims to
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Regular-Way IPO Performance Provides Positive Consumer Hints, Mixed Signals Elsewhere

This year has been heralded as the year that the dam would finally break on the backlog of IPO candidates seeking to take the regular way to the public markets. So far, that has been the case with 22 companies pricing regular way IPOs after just 58 did so in all of 2022 and 101
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SPAC round-up

Afternoon SPAC News Roundup: February 21, 2024

News and Rumors PR: Joby (NYSE:JOBY) has become the first eVTOL developer to complete the third of five stages for the Federal Aviation Administration’s (FAA) type certification process. Earlier this month it received the FAA’s Part 145 maintenance certificate laying the foundation for future repair services of its aircraft models. Joby combined with Reinvent Technology
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kme

SDCL EDGE Acquisition Corporation (SEDA) to Combine with cunova in $736M Deal

SDCL EDGE (NYSE:SEDA) has entered into a definitive agreement to combine with copper alloy manufacturer cunova at an enterprise value of $736 million, or 9.4x its 2023E adjusted EBITDA. Osnabrück, Germany-based cunova manufactures copper casts, fittings and conductivity products for the industrial, defense and aerospace sectors. The combined company is expected to trade on the
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SPAC round-up

Afternoon SPAC News Roundup: February 20, 2024

Deals and Funding Power & Digital (NASDAQ:XPDB) has secured a $10 million investment from Rice Investment Group into its combination with HVAC technology firm Montana under undisclosed terms. two (NYSE:TWOA) has secured a $15 million PIPE at $10 per share for its combination with LatAm Logistic Properties. News and Rumors PR: Adtech firm Banzai International
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