An In-Depth Look at SPAC Activity Through the First Half of 2024 Below is a summary of the year-to-date SPAC performance. Q2-2024 started off slow with the usual April doldrums, but SPAC activity has since picked up speed. In fact, June was the first month where many in SPACLand were expressing cautious optimism thanks to...

Terms Tracker for the Week Ending June 28, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As mentioned previously, this is going to an abbreviated summary this week since we’re hard at work summarizing the quarter and the first half of...

July is the first month in some time with a 1-to-1 overlap between the companies and the sponsors that are being released from lockups. Overall, this group is currently trading at a split-adjusted median share price of $1.10, but that doesn’t mean doom and gloom for all. PSQ Holdings (NYSE:PSQH), which launched as a commerce...

The Nasdaq announced it has halted trading for Canna-Global (NASDAQ:CNGL), and not for any of the usual reasons, but rather for a request of information following a particularly unusual issuance of shares. Essentially, Canna-Global and underwriter EF Hutton agreed to retire the $8 million deferred underwriting fee the SPAC still owed it at close. EF...

Arogo Capital (NASDAQ:AOGO) has entered into a definitive agreement to combine with cannabis firm Ayurcann (CSE:AYUR) at an enterprise value of $210 million. Ayurcann sells cannabis products primarily direct-to-consumer in Canada and is a leading brand in Ontario. The deal is expected to be completed in the second half of 2024. Transaction Overview Arogo has...

At the SPAC of Dawn The trend of Trump Media’s (NASDAQ:DJT) stock performance serving as a proxy for odds-making on Donald Trump’s likelihood of re-election and general enthusiasm on the right appears to be continuing. Shares are riding a +11.6% boost in the pre-market as the former president is seen to have come out the...

AA Mission (NASDAQ:AAMU) has filed to be underwriter Clear Street’s second SPAC IPO, this time shooting for double the raise with $300 million before over-allotments. The vehicle becomes the first SPAC to be filed with an overfunded trust in two months. It will have $10.05 per unit in trust from the start, which may have...

At the SPAC of Dawn May and June have seen a resurgence in new SPAC issuance, but activity on the back end of SPAC processes had been lagging with few deal closings or fresh definitive agreements announced. But, the past two weeks has seen six deals announced and three more closed. This picks up the...

Goldenstone (NASDAQ:GDST) has entered into a definitive agreement to combine with hydrogen energy firm Infintium at an enterprise value of $130 million. Greer, South Carolina-based Infintium makes hydrogen fuel cell power packs for industrial fork lift clients. The combined company is expected to trade on the Nasdaq once the deal is completed in the first...

Coliseum (NASDAQ:MITA) has entered into a definitive agreement to combine with agtech firm Rain Generation Technology at an pre-money equity valuation of $45 million. Naples, Florida is working to commercialize technology that ionizes the air at select times to generate additional rainfall over a selected area. The combined company is expected to trade on the...