Terms Tracker for the Week Ending August 30, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As the month of August come to a close, it’s safe to say SPACs have just had their best summer in three years. August priced...

September is to be the first month in some time where one particular lock-up expiration is sure to attract all of the attention. That is of course, the lock-up for Digital World and its target Trump Media (NASDAQ:DJT), which ends September 25 for both parties. The deal has gotten meme stock treatment ever since it...

Mountain Crest V (NASDAQ:MCAG) has entered into a definitive agreement to combine with diagnostics biotech firm CUBEBIO for $375 million in equity compensation. Seoul, Korea-based CUBEBIO has developed 37 Korean patents around its CEED-NOVUS line of cancer screening kits. The combined company is expected to trade on the Nasdaq once the deal is completed in...

At the SPAC of Dawn It has been some time since a short seller landed a major punch against a de-SPAC, but Hindenburg Research has already done at least some damage with its latest investigation, this time into iLearningEngines (NASDAQ:AILE). The enterprise AI learning firm dropped -53% to $1.49 on yesterday’s report, which alleges that...

Cactus 1 (NASDAQ:CCTS) has entered into a definitive agreement to combine with EV maker Tembo at a pro forma enterprise value of $904 million. Tembo is the Netherlands-based subsidiary of British energy transition firm VivoPower (NASDAQ:VVPR) focused on building fleets of electric-powered vehicles for off road or other specialized uses. The combined company is expected...

Agriculture & Natural Solutions (NASDAQ:ANSC) has entered into a definitive agreement to combine with Australian Food & Agriculture (AFA) at a valuation of $625 million, or 9.4x its 2024E revenue. The New South Wales, Australia based farming firm operates a diversified portfolio of crops and grazing land for sheep and cattle. The combined company is...

GigCapital7 announced the pricing of its downsized $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GIGGU”, Thursday, August 29, 2024. The new SPAC intends to combine with a technology target in the AI, medtech, sustainability, and broader TMT sectors. GigCapital7’s sponsor team is to be led...

At the SPAC of Dawn Certain things come in the threes and that was the case yesterday as AST SpaceMobile (NASDAQ:ASTS), AvePoint (NASDAQ:AVPT) and Westrock Coffee (NASDAQ:WEST) each announced moves to clear their warrant overhangs. In the case of software firm AvePoint and Westrock Coffee these were exchanges for cash and shares, but orbital telecom...

Ribbon Acquisition Corp. has filed for a $50 million SPAC with familiar terms to match its Asia-based team as it bumps underwriter Alliance Global Partners (AGP) up in the league tables. The terms include a trust funded to 100.0% with $10.00 per unit initially in the trust account and each of those units are to...

At the SPAC of Dawn The US markets are about to get an update on a variety of mortgage and oil indicators this morning, but the market effect of each of this is likely to be eclipsed by a single company’s after-hours earnings release today. Chipmaker NVIDIA (NASDAQ:NVDA) has its products embedded in so many...