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Morning SPAC News Roundup: June 27, 2024

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Goldenstone Acquisition Limited (GDST) to Combine with Infintium Fuel Cell Systems in $130M Deal

Jun 26, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Goldenstone (NASDAQ:GDST) has entered into a definitive agreement to combine with hydrogen energy firm Infintium at an enterprise value of $130 million. Greer, South Carolina-based Infintium makes hydrogen fuel cell power packs for industrial fork lift clients. The combined company is expected to trade on the Nasdaq once the deal is completed in the first
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Coliseum Acquisition Corp. (MITA) to Combine with Rain Generation in $45M Deal

Jun 26, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Coliseum (NASDAQ:MITA) has entered into a definitive agreement to combine with agtech firm Rain Generation Technology at an pre-money equity valuation of $45 million. Naples, Florida is working to commercialize technology that ionizes the air at select times to generate additional rainfall over a selected area. The combined company is expected to trade on the
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Ault Disruptive Technologies Corporation (ADRT) to Combine with Gresham Worldwide in $83M Deal

Jun 25, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Ault Disruptive (NYSE:ADRT) has entered into a definitive agreement to combine with defense contractor Gresham Worldwide (OTC:GIGA) at an enterprise value of $83 million. Scottsdale, Arizona-based Gresham provides electronic components and communication equipment to the defense and healthcare sectors through a series of subsidiaries. The combined company is expected to trade on the NYSE American
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Cartica Acquisition Corp (CITE) to Combine with Yotta in $4.1Bn Deal

Jun 25, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Cartica (NASDAQ:CITE) has entered into a definitive agreement to combine with Indian data center firm Nidar Infrastructure, known as Yotta, at an enterprise value of $4.16 billion, or 15.2x its 2025E EBITDA. Yotta provides data center processing infrastructure to software firms with a growing specialization in AI services. Transaction Overview Cartica has an estimated $25
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New SPAC: Black Spade Acquisition II Co. (BSIIU) Files for $150M IPO

Jun 24, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton
Black Spade II (NASDAQ:BSIIU) is the latest repeat SPAC team to return to the market, but they are doing so with a newcomer underwriter in Clear Street as it seeks a $150 million IPO. This is Clear Street’s first SPAC IPO as left lead although it has been busy in the capital markets outside of
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Morning SPAC News Roundup: June 24, 2024

Jun 24, 2024 SPACs in the News by Nicholas Alan Clayton
At the SPAC of Dawn The final week of an action-packed June for the SPAC market includes eight extension votes on the schedule and a vote to approve Global Partner II‘s (NASDAQ:GPAC) combination with Stardust Power, which has some last-minute changes itself (see below). The parade of newly issued SPACs has also continued, although the
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New SPAC: Future Vision II Acquisition Corp. (FVNNU) Files for $50M IPO

Jun 21, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton
Future Vision II (NASDAQ:FVNNU) has filed for a $50 million IPO to hunt for a TMT target in Asia including intelligent chips, 5G and other emerging technologies there. Given the heightened competition and trade protectionism around these technologies lately, it is interesting that Future Vision II hasn’t ruled out combining with a Chinese target. In
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New SPAC: Voyager Acquisition Corp. Files for $261M IPO

Jun 20, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton
Voyager (NASDAQ:VASHU) has filed for a SPAC IPO featuring many of the now increasingly familiar terms pushed by underwriter Cantor Fitzgerald over the past month, but does include a novel dollar figure for its raise at $261 million, before any over-allotments. Outside of this, Voyager’s trust is funded to 100.00% with $10.00 per unit to
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Aimei Health Technology Co. (AFJK) to Combine with United Hydrogen in $1.6Bn Deal

Jun 20, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Aimei Health (NASDAQ:AFJK) has entered into a definitive agreement to combine with energy firm United Hydrogen at a pro-forma enterprise value of $1.6 billion. Shanghai-based United Hydrogen provides services for clients in the hydrogen energy space including storage, transportation and power generation. The combined company is expected to trade on the Nasdaq once the deal
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New SPACs: Two More Cantor SPACs File for $200M IPOs

Jun 18, 2024 Headline Post, INTEL, New S-1 Filings by Kristi Marvin
When SPACs get frothy, it gets difficult to keep up. However, since Cantor filed two nearly identical SPAC structures on Monday, we’re going to combine them in the interest of time. Both HCM II Acquisition Corp. (NASDAQ: HONDU) and SIM Acquisition Corp I (NASDAQ: SIMAU) filed for $200 million SPAC IPO offerings on Monday, both
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New SPAC: Tavia Acquisition Corp. Files for $175M IPO

Jun 18, 2024 Headline Post, INTEL, New S-1 Filings by Kristi Marvin
The mini-SPAC boom grinds on with three more S-1 registration statements filed last night, but only Tavia included something novel in its filing. Tavia Acquisition Corp. filed as a $175 million offering with EarlyBird as its underwriter, after previously filing a Draft Registration Statement in mid-May. That means this deal is slightly closer to pricing
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Hennessy Capital VI (HCVI) to Combine with Namib Minerals, an African Gold Producer

Jun 18, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Kristi Marvin
Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) has entered into a definitive business combination agreement agreement to acquire Namib Minerals, an African gold producer, developer, and explorer, for an implied pro forma enterprise value of $609 million. Namib’s current producing asset, the How mine, is an established, high-grade, underground gold mine located near Bulawayo, Zimbabwe. Transaction
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