Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: AgileThought files for Chapter 11 bankruptcy, Hostess’ stock surges on talks of sale, and Barca to move HQ of its content subsidiary to the Netherlands
IT services firm AgileThought files for chapter 11 bankruptcy, return to private company
After going public in 2021, Irving-based IT services company AgileThought Inc. (NASDAQ: AGIL) announced a financial restructuring deal with Blue Torch Finance LLC that is set to take the company off the market.
The company announced a go-private transaction Monday, underpinned by an asset purchase agreement with an affiliate of Blue Torch Finance. In order to run this deal, AgileThought filed for bankruptcy under Chapter 11, which allows companies to stay in business while restructuring their financial obligations.
When the company went public in 2021, it had an initial market value of $491 million. AgileThought linked up with a special purpose acquisition company to go public. LIV Capital Acquisition Corp., headquartered in Mexico, backed the SPAC after it evaluated 80 companies before deciding on AgileThought.
READHostess’ stock surges on talks of sale
Shares of Hostess Brands, Inc. (NASDAQ:TWNK) surged nearly 30% in mid-day trading on Aug. 25, eventually finishing 21.7% higher for the day, on news that the Lenexa-based snacks maker is exploring a sale after receiving takeover interest.
Citing sources familiar with the matter, Reuters said a number of companies have expressed interest in Hostess, including General Mills, Inc., Mondelez International, Inc., PepsiCo, Inc. and Hershey Co.
Barça to move headquarters of its content subsidiary to the Netherlands before Nasdaq IPO
Barcelona has chosen to establish the headquarters of Barça Media, its content creation business branch, in the Netherlands in order to float it on the Nasdaq stock exchange, according to records filed with the United States Securities and Exchange Commission (SEC). The Spanish soccer giant follows in the footsteps of Ferrovial, the Spanish infrastructure multinational that recently and controversially moved its headquarters to the Netherlands to make the leap to Wall Street and raise capital on the American stock exchange.
The president of Barça, Joan Laporta, wants to list Barça Media through a complex operation that involves a merger with Mountain & Co. I Acquisition Corp (NASDAQ: MCAA), a SPAC.
Chamath Palihapitiya’s Venture Firm Offered to Sell Hundreds of Startup Stakes
Social Capital, the investment firm led by venture capitalist Chamath Palihapitiya, tried to sell stakes in hundreds of young companies in June of this year, according to people familiar with the matter. The stakes for sale were worth $312 million in total based on the valuations at which the companies last raised money, the people said.
It’s not clear what prompted Social Capital to want to sell its stakes in the 258 companies, and it couldn’t be learned whether the firm completed the sales.
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Cantor Equity Partners I (NASDAQ:CEPO) has entered into a definitive agreement to combine with Bitcoin Standard Treasury in a transaction that is worth about $4.8 billion. Bitcoin Standard Treasury aims to bring in capital from a number of equity instruments to build up one of the largest US-listed Bitcoin treasuries. The combined company is expected...
At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...
Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...