New SPAC: GigCapital7 (GIGGU) Files for $250M IPO

new-spac

New SPAC: GigCapital7 (GIGGU) Files for $250M IPO

GigCapital7 Corp. (NASDAQ:GIGGU) has brought a unique twist to the return of serial SPAC sponsors and flair of DIY to its filing for a $250 million IPO. Like many SPACs filed over the past month, the vehicle has already seen “non-managing investors” call dibs on $247.5 million of the offering’s units via expressions of interest,
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Dubai’s Skies May Buzz with eVTOL De-SPACs Before US, Europe

Electric vertical takeoff and landing (eVTOL) developers emerged as a second wave EV deal during the SPAC boom, but as they near clearance to fly, their first markets look significantly different than they did at announcement. Four SPACs completed combinations with eVTOL developers during a four-month stretch from August to December 2021, with two more
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IPO-Pricing

Chenghe Acquisition II Co. (CHEB.U) Prices $75M IPO

Chenghe Acquisition II Co. (NYSE:CHEB.U) announced the pricing of its $75 million IPO and its units are expected to begin trading on the NYSE American under the symbol “CHEB.U”, Friday, June 7, 2024. The new SPAC intends to focus its target search on Asian targets in the consumer and e-commerce sectors with the capability of
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Morning SPAC News Roundup: June 7, 2024

At the SPAC of Dawn WinVest (NASDAQ:WINV) broke a month-long silence of new SPAC deal announcements in May, but has kept investors waiting for more details on its combination with Italian ad-targeting marketplace Xtribe until it dropped a new presentation yesterday. The deck makes clear that although Xtribe’s operations have been largely limited to its
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new-spac

New SPAC: M3-Brigade Acquisition V Corp (MBAVU) Files for $250M IPO

M3-Brigde Acquisition V Corp (NASDAQ:MACIU) has become the fourth serial sponsor to file for an IPO with Cantor Fitzgerald underwriting in the past two weeks, this time with a targeted raise of $250 million and a focus on North American energy targets. The SPAC’s terms also continue the increasing split in the SPAC market between
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Morning SPAC News Roundup: June 6, 2024

At the SPAC of Dawn Will SPACs soon be Dallas-bound? The TXSE Group launched yesterday as a new effort to establish the Texas Stock Exchange in Dallas with $120 million raised thus far for the purpose. Its backers, which include investment firms BlackRock (NYSE:BLK) and Citadel Securities, claim the fledgling market will offer lower compliance
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Swiftmerge Acquisition Corp. (IVCP) to Combine with AleAnna in $650M Deal

Swiftmerge (NASDAQ:IVCP) has entered into a definitive agreement to combine with natural gas producer AleAnna for about $650 million in equity consideration. Headquartered in the U.S., AleAnna holds exploitation licenses for conventional natural gas fields in Italy and is involved in a series of renewable natural gas (RNG) projects in the country. The combined company
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latam logistics properties

Latam Logistic Properties (LPA) to Release Some Investors from Lock-Ups Early as Stock Spikes

Industrial real estate manager Latam Logistic Properties (NYSE:LPA) noted in a 6-K this morning it is moving to release certain shareholders from lock-ups early at a time when its stock is spiking to the very top of the SPAC market. Latam Logistic’s shares shot up to a close at $258.85 on May 30 and has
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new-spac

New SPAC: Melar Acquisition Corp I (MACIU) Files for $150M IPO

Melar I (NASDAQ:MACIU) continues underwriter Cohen & Company’s return to the SPAC market as it seeks a $150 million IPO. The SPAC is Cohen’s second of 2024 after backing Chenghe II (NYSE:CHEB) as well last month, but these are Cohen’s first forays as left lead underwriter in the SPAC market since 2013. Back in that
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Morning SPAC News Roundup: June 4, 2024

At the SPAC of Dawn Competition for SPAC deal flow between the NYSE and Nasdaq has been brewing for some time, and yesterday’s trading glitch may be the sort of thing that moves the needle slightly. While it was Berkshire Hathaway’s (NYSE:BRK-A) apparent -99.9% plunge amid the malfunction that got the most attention, it affected
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new-spac

New SPAC: Graf Global Corp (GRAF.U) Files for $200M IPO

Graf Global (NYSE:GRAF.U) is rounding out May’s serial sponsor homecomings with the Graf team filing for a fresh $200 million SPAC with Cantor Fitzgerald underwriting. Cantor in fact has been the engine behind three of the month’s seven newly-filed SPACs and there is a great deal of symmetry between their terms. All are seeking $200
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May Corporate Actions Analysis

As May wraps up, we’ve continually seen teams push the boundaries with multiple extensions before being able to close business combinations. Along the way, the factors for securing funds in the trust account seem to be a never-ending battle which lets teams get creative with either securing the funds in the trust account and/or providing
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lock-ups

SPAC Lock-Up Expirations to Watch in June 2024

June is to be the first month of the year when the number of sponsors becoming freshly released from their lock-ups significantly outnumbers those being unlocked on the company side. Twelve sponsors are to have liquidity opportunities this month and eight target companies. Several of those sponsors have plenty of cause to pat themselves on
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Integrated Wellness Acquisition Corp. (WEL) to Combine with Btab Ecommerce in $250M Deal

Integrated Wellness (NYSE:WEL) has entered into a definitive agreement to combine with ecommerce firm Btab (OTC:BBTT) at an equity value of $250 million. Sydney, Australia-based Btab provides ecommerce supply chain support for sellers and online marketing services through facilities in China and Australia. The combined company is expected to trade on the NYSE once the
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