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SPAC Lock-Up Expirations to Watch in May 2024
The pace of de-SPACs making it to their lock-up expirations is set to roughly remain level with last month as May's batch includes five companies and six sponsors set to be released. More
Tue, April 30
New SPAC: DT Cloud Star Acquisition Corporation (DTSQU) Files for $60M IPO
DT Cloud Star (NASDAQ:DTSQU) filed an S-1 to raise $60 million as the second SPAC by its sponsor team, but this venture would be the 13th foray by underwriter Alliance Global Partners and the first under its new branding as AGP. More
Morning SPAC News Roundup: April 30, 2024
Tuesday brings another packed day in a packed week of potentially market-moving events and individual SPAC actions. The market today will take in the update on US consumer confidence readings as well as the employment cost index and Treasury's decision on its quarterly refunding plans. More
Mon, April 29
Corner Growth (COOL) Target Noventiq’s Presentation Shows Costs and Promise of Transitions at Firm
Few target companies have gone through a greater amount of change through the course of their de-SPACing process than digital transformation firm Noventiq, which makes its latest update via a new investor presentation a particularly interesting read. More
Morning SPAC News Roundup: April 29, 2024
Several sleepy weeks in SPACland come to an end today with five votes, including BITE's (NYSE:BITE) completion vote for its combination with plant-based food producer Above Food. More
Sat, April 27
SPAC IPO Terms Tracker: April 26, 2024
Terms Tracker for the Week Ending April 26, 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, it was a quiet week on the new issuance front thanks to Passover and school spring break. More
Fri, April 26
Cash Continues to Flow into AI with Less Cash Flowing Out
AI has quietly been creeping to the top of the buzziest sectors for SPAC deals, but it’s become host to an even larger arms race in the private funding market. Elon Musk is currently pushing a $6 billion capital raise for his OpenAI competitor xAI at a valuation of $18 billion, according to TechCrunch, while Sam Altman has floated plans to draw as much as $7 trillion into an AI chip venture. More
Morning SPAC News Roundup: April 26, 2024
After a tepid month for SPAC activity in April, prominent teams are already scheduling things to make for some fireworks in early May. AltC (NYSE:ALCC) has already been turning heads as being the rare SPAC to trade significantly above trust value before close, and it has now booked the completion vote for its buzzy deal with fission energy firm Oklo for May 7. More
Thu, April 25
Morning SPAC News Roundup: April 25, 2024
There are signs that the macro environment for SPACs is gradually improving, but the Screaming Eagle team yesterday announced a non-redemption agreement for its combination with Lionsgate Studios. More
Wed, April 24
SPAC Dealmaking in Israel Continues Unabated Despite Conflict
Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. More