Aura FAT Projects Acquisition Corp. (AFARU) Prices $100M IPO

Apr 12, 2022 IPOs by Marlena Haddad

Aura FAT Projects Acquisition Corp. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AFARU” Wednesday, April 13, 2022.

The new SPAC intends to focus on new emerging technology companies with an acute growth potential in Southeast Asia and Australasia in sectors such as the Web 3.0, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services sectors.

New SPAC Makara Strategic Files Natural Resources SPAC at Intriguing Time

Apr 12, 2022 INTEL, New S-1 Filings by Nicholas Alan Clayton

We’re bringing back a blast from the past – when the market wasn’t pricing dozens of new SPAC per month – by featuring interesting new SPACs that have just filed. Last month saw a new type of SPAC transaction emerge in the form of Metals Acquisition Corp.’s (NYSE:MTAL) 100% buyout of the CSA Copper Mine
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

The Latest SPAC News and Rumors: April 12, 2022

Apr 12, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Hong Kong’s OneDegree approached by SPAC, ADQ and Chimera Capital set up Abu Dhabi’s first blank-check company, and Infinite Reality buys ReKTGlobal

Hong Kong’s OneDegree Says It’s Been Approached on SPAC Listing

OneDegree, a Hong Kong-based insurer of digital assets, has been approached by investment banks about going public through a blank-check company, its co-founder said.

8i Acquisition 2 Corp. (LAX) to Combine with EUDA Health in $583M Deal

Apr 12, 2022 INTEL by Nicholas Alan Clayton

8i Acquisition 2 Corp. (NASDAQ:LAX) has entered into a definitive agreement to combine with digital health firm EUDA at an enterprise value of $583 million, or 13.4x its 2023E adj. EBITDA. Singapore-based EUDA provides AI-powered telehealth services through an app to patients across Southeast Asia. The combined company is expected to trade on the Nasdaq
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Circle Internet Financial Receives $400M in Funding

Apr 12, 2022 INTEL by Marlena Haddad

Concord Acquisition Corp.’s (NYSE:CND) crypto target, Circle, has received $400 million in funding with investments from BlackRock, Inc (NYSE:BLK), Fidelity Management and Research, Marshall Wace LLP and Fin Capital.

Although today’s investment is not directly associated with the business combination, Fidelity and Marshall Wace participated in the transaction’s original PIPE before it was cancelled and replaced with the current terms.

The Latest SPAC News and Rumors: April 11, 2022

Apr 11, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Ackman says proposed SPAC rules suggest SEC backs him, Wallbox starts construction of its EV charger manufacturing facility, and Selina partners with TechnoArt

Bill Ackman Says Proposed SPAC Rules Suggest SEC Backs Him Against Investor Lawsuit

A Bill Ackman SPAC told a judge that proposed rules for the vehicles support its defense against a lawsuit alleging it is acting illegally as an investment company.

SPAC IPO Terms Tracker: Only One IPO Last Week

Apr 9, 2022 INTEL by sam.beattie

Terms Tracker for the Week Ending April 8th, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As we round up the last full week before Easter, there was not a single new S-1 registration statement and just one IPO, one less
Read More

To access this post, you must purchase 1 - User: Monthly Plan.

The Latest SPAC News and Rumors: April 8, 2022

Apr 8, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Dune SPAC sues TradeZero, Tiket mulls Blibli merger before Jakarta IPO, and BlackSky looks to expand military business

Dune SPAC Sues TradeZero for ‘Outright Falsehoods’ About Merger

Dune Acquisition Corp.

Top 3 SPAC Targets – Recession-Proof Companies

Apr 8, 2022 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies set to see increased demand among companies that could prove resilient of even benefit should the US tip into recession.

The Latest SPAC News and Rumors: April 7, 2022

Apr 7, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Drew Barrymore joins Grove Collaborative

Drew Barrymore Joins Grove Collaborative to Build a Plastic-Free Future

Grove Collaborative, a leading sustainable consumer products company and Certified B Corp, announced today actress and entrepreneur Drew Barrymore has joined the Company as an investor and its first-ever Global Brand and Sustainability Advocate.

New SPAC: Chenghe Acquisition Corp. Files for $100M IPO

Apr 6, 2022 INTEL, New S-1 Filings by Marlena Haddad

We’re bringing back a blast from the past – when the market wasn’t IPO’ing dozens of new SPAC per month – by featuring interesting new SPACs that have just filed. Chenghe Acquisition Corp. (NASDAQ:CHEA) filed its S-1 last Friday, marking the first and only company to file for a SPAC IPO in Q2 thus far. The
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Denali Capital Acquisition Corp. (DECAU) Prices $75M IPO

Apr 6, 2022 IPOs by Marlena Haddad

Denali Capital Acquisition Corp. priced its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DECAU” Thursday, April 7.

The new SPAC intends to focus its search on technology, consumer and hospitality businesses and will not complete a business combination with a target that is headquartered in China.

The Latest SPAC News and Rumors: April 6, 2022

Apr 6, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Rezolve announces update to 2022 outlook, American Bank partners with Bakkt

Rezolve Now Expects $138 Million Improvement in 2022 Cash Burn Outlook, Maintains 2022 Revenue Assumption of $219 Million

Rezolve, a leader in mobile commerce and engagement, today announced an update to its 2022 outlook, with a substantial improvement in Adjusted EBITDA expected.

Pacifico Acquisition Corp. (PAFO) to Combine with Caravelle in $527M Deal

Apr 6, 2022 INTEL by Nicholas Alan Clayton

Pacifico (NASDAQ:PAFO) pushed forward with its letter of intent (LOI) and has now signed a definitive agreement to combine with sustainable shipping company Caravelle at an enterprise value of $527 million. Singapore-based Caravelle has developed a technology for drying wet lumber aboard shipping vessels to reduce emissions and processing times. The combined company is expected
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Spring Valley Acquisition Corp. (SV) Adds $15M PIPE to NuScale Deal

Apr 6, 2022 INTEL by Nicholas Alan Clayton

Spring Valley (NASDAQ:SV) has added $15 million to the PIPE for its combination with nuclear power company NuScale, bringing the deal’s total PIPE proceeds to $236 million.

The transaction’s PIPE now exceeds Spring Valley’s $232 million trust and the parties had already secured the deal’s $200 million minimum cash condition with previous PIPE additions.

Zanite Acquisition Corp. (ZNTE) Adds $10M PIPE to Eve Deal

Apr 5, 2022 INTEL by Marlena Haddad

Zanite (NASDAQ:ZNTE) announced this afternoon that it has added $10 million to its PIPE for its combination with electric vertical take-off and landing vehicle (eVTOL) manufacturer, Eve.

Zanite amended the subscription agreement yesterday with a direct wholly-owned subsidiary of Embraer (EAH) pursuant to which EAH purchased an additional 1,000,000 shares for $10 million.

SPAC Lock-Up Expirations to Watch in April

Apr 5, 2022 INTEL by Nicholas Alan Clayton

April is set to see 16 SPAC sponsors and 17 target companies be released from their lock-ups in a busy month that also comes at time when these de-SPAC’d companies continue to face more than their fair share of market headwinds. Whether the end of their lock-ups ends up being one more downward price pressure
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

The Latest SPAC News and Rumors: April 5, 2022

Apr 5, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Citi temporarily pauses new SPAC issuances, eCombustible Energy receives $11.2M investment, and Rubicon announces multi-year extension agreement with Tuesday Morning

Citi to Pause New SPAC Issuances as SEC Signals Crackdown

Citigroup Inc. is

MDH Acquisition Corp. (MDH) Terminates Olive.com Deal

Apr 5, 2022 INTEL by Nicholas Alan Clayton

MDH Acquisition Corp. (NYSE:MDH) has mutually terminated its combination agreement with digital auto insurance provider Olive.com.

The press release did not include a reasoning for the breakup, but like many deals in the first half of 2022, the general malaise in the current market was the likely culprit.

The Latest SPAC News and Rumors: April 4, 2022

Apr 4, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: DWAC slides after key executives quit, FinAccel spends $200M for Indonesia digital banking push, and Hertz buys 65,000 EVs from Polestar

Trump-Tied Social Media SPAC Slides After Key Executives Quit

Shares of the shell company taking Donald Trump’s media venture public extended their selloff after a report that a pair of key executives resigned and Elon Musk bought a sizable stake in social media competitor Twitter Inc.