Morning SPAC News Roundup: March 25, 2024

Mar 25, 2024 SPACs in the News by Kristi Marvin

At the SPAC of Dawn The final week of the month and quarter is set to tie up a number of loose ends as five SPACs are to hold completion votes and five extension votes. Almost half of these have already been postponed or adjourned once and some procrastination into the second quarter remains in
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SPAC IPO Terms Tracker: March 22, 2024

Mar 23, 2024 Headline Post, INTEL by Kristi Marvin

Terms Tracker for the Week Ending March 22, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This past week started slow but it sure didn’t end that way. It was naturally heavy on the news front with the Digital World Acquisition
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Afternoon SPAC News Roundup: March 22, 2024

Mar 22, 2024 SPACs in the News by Nicholas Alan Clayton

News and Rumors Bloomberg: Digital World (NASDAQ:DWAC) has reportedly secured shareholder approval for its combination with Trump Media & Technology Group according to an unauthorized video streamed to de-SPAC’d social media platform Rumble (NASDAQ:RUM). Its shares have tumbled -5.6% on the news, briefly crossing below $40 today. TechCrunch: Inflection Point target Intuitive Machines (NASDAQ:LUNR) identified
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Morning SPAC News Roundup: March 22, 2024

Mar 22, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn Today is D-Day for Digital World (NASDAQ:DWAC) with its highly anticipated completion vote for Trump Media and Technology Group (TMTG) kicking off at 10 am ET. The live webcast can be accessed here and will open up with about 15 minutes of lead time. Investors have not been waiting to
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Podcast: Stardust Power CEO Roshan Pujari and Global Partner II (GPAC) CEO & Chairman Chandra Patel

Mar 21, 2024 Headline Post, INTEL, Podcasts & Webinars by Kristi Marvin

Spot lithium prices may be down, but Stardust Power believes that makes now an even more important time to build new US-based lithium refineries.

This week, we speak with Roshan Pujari, Co-founder and CEO of Stardust Power and Chandra Patel, CEO and Chairman of Global Partner Acquisition Corp.

Afternoon SPAC News Roundup: March 21, 2024

Mar 21, 2024 SPACs in the News by Nicholas Alan Clayton

News and Rumors

PR: EV automaker VinFast (NASDAQ:VFS) has signed its first agreement to distribute its vehicles throughout Micronesia with Guam AutoSpot beginning in May 2024. VinFast combined with Black Spade in August 2023.

Morning SPAC News Roundup: March 21, 2024

Mar 21, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn With the interest rate cut schedule becoming clearer, the market may be ready to pivot to its plays for the year. That would be welcome news for the crop of SPACs working to close their deals in the coming weeks, two of which just released new investor presentations. In the
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Black Hawk Acquisition Corporation (BKHAU) Prices Upsized $69M IPO

Mar 20, 2024 Headline Post, INTEL, IPOs by Kristi Marvin

Black Hawk Acquisition Corporation (NASDAQ:BKHAU) announced the pricing of its upsized $69 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BKHAU”, Thursday, March 21, 2024.

How is DWAC Going to Trade Post-Vote?

Mar 20, 2024 Headline Post, INTEL by Kristi Marvin

Digital World Acquisition Corp. (Nasdaq: DWAC) is finally heading to a completion on Friday to close their combination with Truth Social, having run the SPAC gauntlet since September 2021. That’s “only” two and a half years, but it feels much, much longer than that. That’s because the sheer number of management changes, lawsuits, PIPE switches
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Afternoon SPAC News Roundup: March 20, 2024

Mar 20, 2024 SPACs in the News by Nicholas Alan Clayton

News and Rumors CNBC: The EPA announced new rules dictating that 56% of new vehicle sales must be all-electric by 2032 in a potential boon for EV manufacturers that have seen softer-than-anticipated demand in the US. Bloomberg Law: Digital World (NASDAQ:DWAC) has filed a new lawsuit in New York state court to compel Patrick Orlando,
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Morning SPAC News Roundup: March 20, 2024

Mar 20, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn The public markets will get another test of AI appetites today as cloud computing firm Astera Labs launches its traditional way IPO. Early returns are looking good as it managed to price at $36, above its most recently expected range of $32 to $34. Astera will also be something of
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Afternoon SPAC News Roundup: March 19, 2024

Mar 19, 2024 SPACs in the News by Nicholas Alan Clayton

News and Rumors PR: Battery recycling firm Li-Cycle (NYSE:LICY) has secured $75 million in funding from strategic investor Glencore (LON:GLEN) in the form of convertible note. This, together with up to $375 million in loans from the Department of Energy, is expected to be used to restart construction on its Rochester resource recovery center and
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Morning SPAC News Roundup: March 19, 2024

Mar 19, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn Did the EV wave drive up to fast? In the US, at least, there have been growing signs that that US consumers may voice a desire for all electric transportation at their finger tips, but the price tags and practicalities of a full switch to electric have kept adoption from
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Afternoon SPAC News Roundup: March 18, 2024

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

News and Rumors PR: LatAm Logistic Properties, which has a pending combination with two (NYSE:TWOA), has secured a new $43 million 10-year lease for one of its properties in Peru. two is set to hold its completion vote on the deal March 25. TechCrunch: EV-maker Fisker (NYSE:FSR) has begun a six-week production pause as it
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Morning SPAC News Roundup: March 18, 2024

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

At the SPAC of Dawn Much of the action around SPAC votes this week is back-loaded towards Friday. Monday through Wednesday will see four extension votes and one completion vote, while Thursday and Friday is set to host three of each. The headliner of these completion votes is of course Digital World‘s (NASDAQ:DWAC) long-awaited special
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SPAC IPO Terms Tracker: March 15, 2024

Mar 16, 2024 Headline Post, INTEL by Kristi Marvin

Terms Tracker for the Week Ending March 15, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Maybe it’s the weather, but there was a perceptible change this week in the air. That’s not to say that we should expect a big
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Afternoon SPAC News Roundup: March 15, 2024

Mar 15, 2024 SPACs in the News by Nicholas Alan Clayton

Deals and Amendments Keyarch (NASDAQ:KYCH) has tweaked the earnout provision of its combination with EV charging firm ZOOZ Power. Under the new terms, ZOOZ shareholders will still receive 1,000,000 shares if it achieves $10 million or more in gross revenue for any four quarters within five or if its shares hit a VWAP of $12.
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Spinoffs Shake Up SPAC Playbook

Mar 15, 2024 Headline Post, INTEL by Nicholas Alan Clayton

In the current market conditions, SPACs looking for a target have to thread multiple needles at once. Many in the market now – particularly of the 2021 vintage – set out with teams experienced in high-growth technology sectors, but a risk-off market spooked by inflation has expressed itself in an appetite for more “sure things.”
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Morning SPAC News Roundup: March 15, 2024

Mar 15, 2024 SPACs in the News by Nicholas Alan Clayton

At the SPAC of Dawn Despite some Thursday ripples in the market on economic data readings, there appears to be growing consensus that the Fed won’t budge much over its initial plans for three rate cuts in 2024 and four more in 2025. But, other regulatory changes could have more direct impact on de-SPACs this
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Afternoon SPAC News Roundup: March 14, 2024

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

News and Rumors PR: eVTOL maker Lilium (NASDAQ:LILM) has partnered with Atlantic Aviation to provide infrastructure support Lilium’s launch into Florida, California, Texas and Northeast US markets. The two will collaborate on the planning aspects of integrating Lilium aircraft and regional jet service operations into airports. Lilium combined with Qell in September 2021. PR: Construction
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