New SPAC: Newbury Street II Acquisition Corp (NTWOU) Files for $200M IPO

Aug 12, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton

Newbury Street II (NASDAQ:NTWOU) has filed to raise $200 million to get a second deal search in motion as the team’s first combination in the Web 3.0 space approaches completion. That pending deal between Newbury Street (NASDAQ:NBST) and Infinite Reality is one of SPACland’s oldest, having been announced in December 2022. It has been through
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Morning SPAC News Roundup: August 12, 2024

Aug 12, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn This week is front-loaded with SPAC action as today Embrace Change (NASDAQ:EMCG) and Investcorp India (NASDAQ:IVCA) each hold extension votes and Churchill VII (NASDAQ:VII) shareholders are set to vote on its combination with CorpAcq. All three appear to have been working the phones to engage with investors over the late
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SPAC IPO Terms Tracker: August 9, 2024

Aug 10, 2024 Headline Post, INTEL by Kristi Marvin

Terms Tracker for the Week Ending August 9, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. It’s the first full week of August and SPACs have already priced four IPOs, which matches July’s count, with quite a few more expected in
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Bukit Jalil Global Acquisition 1 Ltd. (BUJA) to Combine with Global IBO Group in $8.3Bn

Aug 9, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Bukit Jalil 1 (NASDAQ:BUJA) has entered into a definitive agreement to combine with media platform Global IBO (GIBO) for $8.28 billion in equity consideration. GIBO has developed a generative AI software tool to help users create and stream anime content faster and more cheaply. The combined company is expected to trade on the Nasdaq once
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New SPAC: Mountain Lake Acquisition Corp. (MLACU) Files for $250M IPO

Aug 9, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton

Mountain Lake (NASDAQ:MLACU) has filed for a $250 million IPO to become BTIG’s third SPAC on file since the start of the summer with a mandate for a broad target search. The new SPAC could have been named “Social Leverage II” as it is to be steered by CEO and Chairman Paul Grinberg and CFO
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Morning SPAC News Roundup: August 9, 2024

Aug 9, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn US markets may not finish Friday trading up on the week, but SPACs have been marching ahead regardless. The choppy week is set to price two new SPACs and another has gotten in line to IPO with a fresh filing. Meanwhile, Rigel Resources (NYSE:RRAC) has updated investors on its combination
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Voyager Acquisition Corp (VACHU) Prices $220M IPO

Aug 9, 2024 Headline Post, INTEL, IPOs by Nicholas Alan Clayton

Voyager Acquisition Corp announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VACHU”, Thursday, August 9, 2024.

The new SPAC intends to search for a healthcare target with strong competitive positioning and a scalable growth platform sourced through its proprietary channels.

Morning SPAC News Roundup: August 8, 2024

Aug 8, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn A fourth day of market instability appears to be in store, but for SPACs already hunting out in the market, an old target may be emerging. Golf equipment manufacturer Callaway (NYSE:MODG) is reportedly conducting a strategic review of its Topgolf experiential driving-range chain. Topgolf has attracted murmurs as a potential
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Morning SPAC News Roundup: August 7, 2024

Aug 7, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn Futures remain in recovery mode, which may not disrupt as many of this week’s 10 SPAC votes as initially anticipated. EQV Ventures (NYSE:EQV.U) even fearlessly priced its $350 million IPO yesterday evening and should begin trading today in waters that don’t look nearly as gnarly as when the week began.
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EQV Ventures Acquisition Corp (EQV.U) Prices $350M IPO

Aug 6, 2024 Headline Post, INTEL, IPOs by Nicholas Alan Clayton

EQV Ventures Acquisition Corp announced the pricing of its $350 million IPO and its units are expected to begin trading on the NYSE under the symbol “EQV.U”, Wednesday, August 7, 2024.

SPACs and Stock Market Corrections

Aug 6, 2024 Headline Post, INTEL by Kristi Marvin

This might be a little belated given that the market has already snapped back compared to yesterday, but we were waiting to see both where the market closed and where it opened today. Nevertheless, it bears pointing out the differences in the SPAC market in regards to yesterday’s market correction compared to big market moves
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Bargain SPACs Attract Buyers as Market Rebounds

Aug 6, 2024 Headline Post, INTEL by Nicholas Alan Clayton

As the market rallies from the major slide Friday through Monday, bargain-hunters have landed on several SPACs among the plays out in the market. Among those are Iron Horse (NASDAQ:IROH) and Coliseum (NASDAQ:MITA), each of which each slipped below their trust value in recent days and have drawn unusually high volume in today’s trading session.
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Morning SPAC News Roundup: August 6, 2024

Aug 6, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn Futures are mercifully green for the US markets after two straight sessions of extensive retreat. But, despite a +10.2% rebound with Japan’s Nikkei, Europe’s exchanges have had a more mixed trading day suggesting that stateside exchanges may also take a little longer to get their bearings. Despite the shock to
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Morning SPAC News Roundup: August 5, 2024

Aug 5, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn The rocky end to last week appears to be continuing with futures on the Nasdaq, where a majority of recent SPACs and de-SPACs are listed, are down about -5% as of this writing. This makes for an awkward week for SPACs to attempt an extension or completion vote, but 10
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SPAC IPO Terms Tracker: August 2, 2024

Aug 3, 2024 Headline Post, INTEL by Kristi Marvin

Terms Tracker for the Week Ending August 2, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We love a good SPAC name. A team can opt for a name that’s dry and literal by using a noun or street and tacking
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New SPAC: Drugs Made In America Acquisition Corp. (DMAAU) Files for $500M IPO

Aug 2, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton

Drugs Made In America (NASDAQ:DMAAU) has filed for a $500 million IPO, which would make it underwriter EF Hutton’s largest SPAC to date. The next largest SPAC in EF Hutton’s portfolio is half as large and this could mark a new aggressiveness by the underwriter as the SPAC market heats up this summer, although EF
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Morning SPAC News Roundup: August 2, 2024

Aug 2, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn A set of US jobs numbers could have major ripple effects across SPACs as rate cuts finally come within sight, but bring with them increased recession fears. Economists predict an expansion in payrolls by 175,000 jobs after an increase in June of 206,000 jobs, which would indicate the Fed might
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New SPAC: Plum Acquisition Corp IV Files for $200M IPO

Aug 1, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton

Plum IV (NASDAQ:PLMKU) has filed for a $200 million IPO to become underwriter Cohen & Company’s fourth SPAC filed in 2024. With this latest vehicle, Cohen has in fact now underwritten as many SPACs as a left lead in 2024 as it has in the 15 years before and it is developing a set of
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July 2024 Corporate Actions Analysis

Aug 1, 2024 Headline Post, INTEL by Anthony Sozzi

July was a continuation of the past few months where many SPAC teams approved extensions and not for the first time, trying to close a transaction with the funds remaining to them after redemptions. Outliers are slowly popping up as new SPACs launch their IPOs and start the search process with the hopes of showing
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Morning SPAC News Roundup: August 1, 2024

Aug 1, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn Yesterday brought a deal that is likely to quietly rumble through SPAC S-1 filings and back office work as prolific accountant Marcum has agreed to be acquired by listed peer CBiz (NYSE:CBZ). Marcum signed on as auditor for 314 SPACs that initially filed in the boom year of 2021, but
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