Market Intel
2024-05-18 at 11:45am

Terms Tracker for the Week Ending May 17, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. SPACs managed to price their third IPO in the month of May this week with RF Acquisition Corp. II‘s $100 million offering. RF II’s IPO...

2024-05-17 at 8:08am

At the SPAC of Dawn While AST Spacemobile (NASDAQ:ASTS) had the SPAC market’s biggest leap yesterday, among de-SPACs that are trading above $10, it was oil and gas firm Sable Offshore (NYSE:SOC) that had the best outing. It finished up +14% and is gaining a further +2% in the pre-market to $14.30 this morning. This...

2024-05-17 at 6:30am

RF Acquisition Corp. II (NASDAQ:RFAIU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RFAIU”, Friday, May 17, 2024. The new SPAC intends to focus its target search on businesses in Asia within the deep technology sector, including artificial intelligence, quantum computing,...

2024-05-16 at 4:05pm

AST SpaceMobile (NASDAQ:ASTS) has been on +68% a tear off of its double-barreled announcement after hours yesterday that it signed a six-year commercial partnership with telecom AT&T (NYSE:T) and had beaten analyst expectations with its first quarter earnings. It has, in fact, been the best performer on the US markets throughout the afternoon outside of...

2024-05-15 at 4:17pm

Global Technology I (NASDAQ:GTAC) has entered into a definitive agreement to combine with art marketplace Tyfon at an enterprise value of $434 million, or 12.7x its $34 million 2023 EBITDA. Suzhou, China-based Tyfon operates as a dealer of Chinese contemporary art, selling pieces online and through traditional exhibition methods. The combined company is expected to...

2024-05-15 at 11:56am

Hudson I (NASDAQ:HUDA) has signed a letter agreement to combine with EV maker Aiways Europe at an equity value of $400 million. Aiways is headquartered in Shanghai and focused on developing a line of EV SUVs for the European and Asian markets. The combined company is expected to trade on the Nasdaq once the deal...

2024-05-14 at 12:42pm

Battery Future (NYSE:BFAC) has entered into a definitive agreement to combine with edtech firm Classover at an enterprise value of $135 million. New York-based Classover provides an online tutoring and remote learning platform for K12 students. The combined company is expected to trade on the NYSE once the deal is completed in the second half...

2024-05-13 at 3:28pm

May 2024 is turning into the “Month of Serial Sponsors” with two IPOs already priced from repeat teams (Churchill IX and GP-Act III) and a third from the RF II team on deck. And today, we have another serial sponsor team filing for a new offering with the addition of Chenghe Acquisition II Co. (CHEB.U)....

2024-05-13 at 9:14am

Amprius (NYSE:AMPX) announced this morning that it will allow holders of its 29,268,236 outstanding public warrants to exercise them at a cash price of $1.10 per warrant until 5 pm ET June 11. The lithium-ion battery maker embarked on the move in order to pull in working capital as well as address its warrant overhang....

2024-05-11 at 11:45am

Terms Tracker for the Week Ending May 10, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. For the second week in a row SPACs priced an IPO, this time coming from Cantor as underwriter.  GP-Act III Acquisition Corp., which matched last...

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