Market Intel
2024-06-18 at 2:43pm

When SPACs get frothy, it gets difficult to keep up. However, since Cantor filed two nearly identical SPAC structures on Monday, we’re going to combine them in the interest of time. Both HCM II Acquisition Corp. (NASDAQ: HONDU) and SIM Acquisition Corp I (NASDAQ: SIMAU) filed for $200 million SPAC IPO offerings on Monday, both...

2024-06-18 at 11:48am

The mini-SPAC boom grinds on with three more S-1 registration statements filed last night, but only Tavia included something novel in its filing. Tavia Acquisition Corp. filed as a $175 million offering with EarlyBird as its underwriter, after previously filing a Draft Registration Statement in mid-May. That means this deal is slightly closer to pricing...

2024-06-18 at 10:13am

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) has entered into a definitive business combination agreement agreement to acquire Namib Minerals, an African gold producer, developer, and explorer, for an implied pro forma enterprise value of $609 million. Namib’s current producing asset, the How mine, is an established, high-grade, underground gold mine located near Bulawayo, Zimbabwe. Transaction...

2024-06-18 at 8:05am

At the SPAC of Dawn While more SPACs are coming to the public market, at least one more de-SPAC is set to come off of them as a Dutch charging network Allego (NYSE:ALLG) has been informed that its majority shareholder, French investment firm Meridiam, is extending an offer to buy up all of its listed...

2024-06-18 at 7:27am

Flag Ship announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FSHPU”, Tuesday, June 18, 2024. The new SPAC aims to combine with a company valued between $200 million and $400 million with strong growth potential and that could stand to benefit...

2024-06-17 at 7:50pm

Melar Acquisition Corp. I announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MACIU”, Tuesday, June 18, 2024. The new SPAC aims to combine with a company in retail finance, specialty finance or financial technology specifically targeted at helping small businesses transact...

2024-06-17 at 7:48pm

Lionheart Holdings announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CUBWU”, Tuesday, June 18, 2024. The new SPAC aims to combine with an established business of scale with a highly regarded management team, but has not singled out a specific industry...

2024-06-17 at 2:03pm

After bringing several serial SPAC sponsors back to market, underwriter Cantor Fitzgerald is getting its own team back in the game by filing for CF A‘s (NASDAQ:CFFA) $100 million SPAC IPO, and it seems to have saved its boldest SPAC terms for itself. CF A returns Cantor Fitzgerald Chairman and CEO Howard Lutnick to the...

2024-06-17 at 8:13am

At the SPAC of Dawn SPAC action may slow slightly this week as the US trading is to be split in two by the Wednesday Juneteenth holiday. On the voting end, Feutune Light (NASDAQ:FLFV) is slated to be the only SPAC voting to approve a transaction while three more are to hold extension votes. Among...

2024-06-15 at 11:30am

Terms Tracker for the Week Ending June 14, 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 all about the new IPOs and new SPACs getting filed again this week. Cantor managed to price one new IPO on Monday night...

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