Morning SPAC News Roundup: June 18, 2024

Jun 18, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn While more SPACs are coming to the public market, at least one more de-SPAC is set to come off of them as a Dutch charging network Allego (NYSE:ALLG) has been informed that its majority shareholder, French investment firm Meridiam, is extending an offer to buy up all of its listed
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Flag Ship Acquisition Corporation (FSHPU) Prices $60M IPO

Jun 18, 2024 Headline Post, INTEL, IPOs by Nicholas Alan Clayton

Flag Ship announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FSHPU”, Tuesday, June 18, 2024.

The new SPAC aims to combine with a company valued between $200 million and $400 million with strong growth potential and that could stand to benefit from becoming a public company.

Melar Acquisition Corp. I (MACIU) Prices $150M IPO

Jun 17, 2024 Headline Post, INTEL, IPOs by Nicholas Alan Clayton

Melar Acquisition Corp. I announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MACIU”, Tuesday, June 18, 2024.

Lionheart Holdings (CUBWU) Prices $200M IPO

Jun 17, 2024 Headline Post, INTEL, IPOs by Nicholas Alan Clayton

Lionheart Holdings announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CUBWU”, Tuesday, June 18, 2024.

The new SPAC aims to combine with an established business of scale with a highly regarded management team, but has not singled out a specific industry sector to target.

New SPAC: CF Acquisition Corp. A (CFFA) Files for $100M IPO

Jun 17, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton

After bringing several serial SPAC sponsors back to market, underwriter Cantor Fitzgerald is getting its own team back in the game by filing for CF A‘s (NASDAQ:CFFA) $100 million SPAC IPO, and it seems to have saved its boldest SPAC terms for itself. CF A returns Cantor Fitzgerald Chairman and CEO Howard Lutnick to the
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Morning SPAC News Roundup: June 17, 2024

Jun 17, 2024 Headline Post, INTEL, SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn SPAC action may slow slightly this week as the US trading is to be split in two by the Wednesday Juneteenth holiday. On the voting end, Feutune Light (NASDAQ:FLFV) is slated to be the only SPAC voting to approve a transaction while three more are to hold extension votes. Among
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SPAC IPO Terms Tracker: June 14, 2024

Jun 15, 2024 Headline Post, INTEL by Kristi Marvin

Terms Tracker for the Week Ending June 14, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. It was all about the new IPOs and new SPACs getting filed again this week. Cantor managed to price one new IPO on Monday night
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New SPAC: Launch One Acquisition Corp (LPAAU) Files for $200M IPO

Jun 14, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton

Launch One (NASDAQ:LPAAU) has continued Cantor Fitzgerald’s streak of underwriting new SPAC S-1s with nearly its whole offering already spoken for by non-managing sponsors, in this case a $200 million IPO to hunt in the Life Sciences industry. This SPAC’s non-managing sponsors have expressed interest in 22,690,820 of its units (assuming the full over-allotment option
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Morning SPAC News Roundup: June 14, 2024

Jun 14, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn June is now on pace to more than double the issuance of new SPACs with its fifth filed yesterday while May saw seven new SPACs filed. Overall, there have been 21 new S-1 filings on the year and 12 IPOs. By comparison, there had been just 13 new SPACs filed
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EV Tariff Fight Splits De-SPACs

Jun 13, 2024 Headline Post, INTEL by Nicholas Alan Clayton

After years of ratcheting up financial incentives to make and buy EVs, the world’s trade blocks are now rushing to stack up protectionist barriers, leaving the recent string of EV de-SPACs divided between them. Hong Kong-based EV maker Thunder Power may be the latest to join this increasingly complicated sector as Feutune Light (NASDAQ:FLVF) shareholders
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Morning SPAC News Roundup: June 13, 2024

Jun 13, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn No news is good news appears to be the SPAC takeaway from CPI and Fed comments double-header yesterday. With inflation steady and one rate cut still expected for 2024, SPACs and de-SPACs in volatile sectors may now have a somewhat clearer flight path through the rest of the year. Fashion
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Perceptive Capital Solutions Corp (PCSC) Prices $75M IPO

Jun 12, 2024 Headline Post, INTEL, IPOs by Nicholas Alan Clayton

Perceptive Capital Solutions Corp announced the pricing of its $75 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “PCSC”, Wednesday, June 12, 2024. The new SPAC intends to focus its target search on the North American and European life sciences and medical technology sectors where its management
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Morning SPAC News Roundup: June 12, 2024

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

At the SPAC of Dawn The ARYA team has been among the SPAC market’s most steady dealmakers and they dropped a new presentation this morning for ARYA Sciences IV‘s (NASDAQ:ARYD) pending combination with medical device manufacturer Adagio Medical. Much of the deck rehashes already released information, but it has given more texture on how the
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New SPAC: EQV Ventures Acquisition Corp (EQV.U) Files for $350M IPO

Jun 11, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton

EQV Ventures (NYSE:EQV.U) is the largest SPAC to file since April 2023 as it seeks a $350 million IPO that reflects the ongoing experimentation in underwriting approaches over the last two months of 2024. It is BTIG’s first new SPAC filed for 2024, and it is structured to compensate the firm in a unique way.
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Morning SPAC News Roundup: June 11, 2024

Jun 11, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn As both SPAC and traditional-way IPO activity picks back up in 2024, SPAC teams might want to brush up on their Spanish as they compete for targets. Spain has not traditionally been considered a tech innovation hotbed, but the combined enterprise value of Spanish startups hit €100 billion last year,
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Centurion Acquisition Corp (ALFUU) Prices $250M IPO

Jun 10, 2024 Headline Post, INTEL, IPOs by Nicholas Alan Clayton

Centurion Acquisition Corp announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALFUU”, Tuesday, June 11, 2024.

The new SPAC aims to combine with a technology company with a focus on video gaming, interactive entertainment and enabling services and technologies, cybersecurity, artificial intelligence, machine learning, Software as a Service (“SaaS”) and deep tech technologies.

New SPAC: Rising Dragon Acquisition Corp (RDACU) Files for $50M IPO

Jun 10, 2024 Headline Post, INTEL, New S-1 Filings by Nicholas Alan Clayton

Rising Dragon Acquisition Corp (NASDAQ:RDACU) has filed for a $50 million SPAC to hunt for a small cap target in cutting age technology. The SPAC’s units are to be funded to 100% at $10 per unit while including no warrants. Each unit would have a 1/10 right, however, which has been overall not an uncommon
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Bayview Acquisition Corp (BAYA) to Combine with Oabay in $393M Deal

Jun 10, 2024 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Bayview (NASDAQ:BAYA) has entered into a definitive agreement to combine with Chinese fintech Oabay at an enterprise value of $393 million. Oabay provides cloud-based software to help companies optimize their supply chains with trade credit solutions. The combined company is expected to trade on the Nasdaq once the deal is completed in late 2024. Transaction
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Morning SPAC News Roundup: June 10, 2024

Jun 10, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn Last week ended with a flurry of SPAC activity, which may continue into the middle of the month although there are fewer planned corporate actions on the docket for the week. Friday saw three new SPACs file for IPOs bringing June’s tally to four so far. This continues the strong
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SPAC IPO Terms Tracker: June 7, 2024

Jun 8, 2024 Headline Post, INTEL by Kristi Marvin

Terms Tracker for the Week Ending June 7, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As expected, June is looking like a much more active month for SPACs, particularly on the new issuance front. Four more new SPACs got filed
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