Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Post-SPAC space firms redoubling efforts to attract institutional investor
Three space companies that went public two years ago are seeking ways to build credibility with large institutional investors that have started dipping toes into the deflated market.
Launch vehicle and spacecraft developer Rocket Lab, space technology provider Redwire, and Earth observation operator BlackSky started trading shares within weeks of each other after their 2021 merger with a special purpose acquisition company (SPAC), a financial tool offering a fast-track to stock markets. […]
Redwire’s Baliff also highlighted current confusion among investors over which companies will survive the downturn and those with business models that work.
Generally, if a company listed at $10 and is now trading at $5, “you’re kind of viewed as a survivor,” he said, “you’re going to make it. If you’re below $1 … it’s teetering on investors being able to just give you any capital, and between one and five, you know, it just depends on the day.”
READVista Equity Reportedly Shopping Genius Sports Competitor
Citing unidentified sources with knowledge of the matter, Bloomberg reported the news earlier Thursday. It’s not clear what Vista Equity’s timeline is for divesting Stats Perform nor were potential suitors or sales prices mentioned. The company uses artificial intelligence (AI) and other technologies to provide sports-related data to media and gaming companies, among other clients.
Vista acquired Stats in 2014 from FOX Sports and the Associated Press. It was merged with Perform in 2019 after Texas-based Vista invested in DAZN. Through that deal, the buyer gained access to Opta, RunningBall and Watch&Bet.
Competitors include Genius Sports (NYSE:GENI) and Sportradar (NASDAQ:SRAD), which have market values of $1.25 billion and $3.20 billion, respectively. It remains to be seen if that range provides some template for Stats Perform’s ultimate sale price. Genius Sports went public in a merger with dMY II in April 2021.
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Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....
1RT Acquisition Corp. (NASDAQ:ONCHU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ONCHU”, Wednesday, July 2, 2025. The new SPAC plans to target company in the digital asset ecosystem involved in the creation, storage, exchange or management of such assets, whether...
D. Boral ARC Acquisition II Corp. (NASDAQ:ARBCU) has filed for a $250 million SPAC to give underwriter D. Boral a second in-house SPAC to pursue deals with. The new SPAC offers investors a 1/2 warrant and an initial 18-month time frame to complete a deal. D. Boral II’s sponsor may automatically extend this once by...
Ribbon (NASDAQ:RIBB) has entered into a definitive agreement to combine with Japanese biotech firm DRC Medicine at a pro forma equity value of $422 million. Tokyo-based DRC Medicine manufactures reusable anti-bacterial and anti-allergen wearables and aims to go deeper into the medical device and pharmaceutical space. Transaction Overview Ribbon is expected to provide $50.4 million...