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...

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...

At the SPAC of Dawn Ever since Trump Media (NASDAQ:DJT) closed its combination with Digital World in March, it has been on a wild ride and it has traded, it is safe to say, completely untethered from fundamental considerations. Even before closing, the SPAC took a jump on any perceived good news for former President...

At the SPAC of Dawn Direct-to-smartphone satellite telecom and broadband provider AST SpaceMobile (NASDAQ) has seen its shares enter the $10+ club in pre-market trading this morning in a remarkable run for a company that was trading below $3 just two weeks ago. The investor excitement is not without cause. AST saw its first big...

The notion that a SPAC’s trust is impenetrable and impossible to access by any party other than public SPAC shareholders through redemption or a target company at close is one of the fundamental bedrocks of the SPAC product. However, a number of peculiar legal situations have recently attempted to test that notion and one involving...

Lionheart Holdings (NASDAQ:CUBBU) marks the latest in a string of returns by serial sponsors, looking to raise in this case a new $200 million SPAC. Although the SPAC’s proposed name does not make this explicitly clear, this is the fifth vehicle backed by the Lionheart sponsor team – a string that has resulted in three...

At the SPAC of Dawn Many emerging technology companies targeted by SPACs lately have to tiptoe a fine line, as frequently the feather in their cap that can lead to high valuations is not the one that is actually making money. This appears to be the case with the refreshed investor presentation Kernel Group (NASDAQ:KRNL)...

This week, in a special edition of the SPACInsider Podcast, we speak with David Cote, Executive Chairman of Vertiv, and Tom Knott, who was previously Head of Permanent Capital at Goldman Sachs. Both joined forces in 2019 on GS Acquisition Holdings Corp., which combined with Vertiv (NYSE:VRT) in what has become the most successful SPAC...

At the SPAC of Dawn Friday afternoons ahead of holiday weekends tend to be busy with filings and new SPAC registrations, but this Memorial Day passed with mostly minor adjustments to transactions and no new SPACs, after Perceptive Capital (NASDAQ:PCSC) and Centurion (NASDAQ:ALFUU) each filed for IPOs earlier last week. There is plenty of activity...

Terms Tracker for the Week Ending May 24, 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 a bonanza (relatively) of amended and new S-1 filings this week for SPACs. After the parched SPAC desert of April, May has been...