CF VI (NASDAQ:CFVI) has fallen about -15% in afternoon trading after a report that popular podcast host Joe Rogan has rejected an offer to transfer his show to the platform of CF VI’s target, Rumble.
The SPAC was riding a two-day surge, which saw it hit a high of $18.52, after Rumble tweeted a $100 million offer sent by its CEO to get Rogan to switch to their social content platform. Rogan has had a bumpy few weeks at his show’s current home, Spotify (NYSE:SPOT), but Variety reported that he told a stand-up audience in Austin, Texas on Tuesday evening that he was staying put.
Spotify’s shares are correspondingly up 3.9% on the report, erasing its losses from earlier in the week amid the Rogan situation. Other “conservative stocks” also experienced bumps alongside Rumble’s earlier jump, including Digital World (NASDAQ:DWAC), which has a pending combination with Trump Media & Technology Group. It is now down about -3.4% on the day, but this could also be related to reports that Trump Media would be once again delaying the launch of its social media platform.
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Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) announced this afternoon that it has completed its combination with Chinese carmaker Chijet. The deal was already approved by shareholders at a special meeting held on May 2, but at that time, the SPAC did not provide a timeline for the closing of the transaction. Although redemption numbers have still not...
The advent of summer is bringing nine lock-up expirations for de-SPAC’d companies and 10 on the sponsor side. The first change is to come for the sponsor of European Biotech Acquisition Corp., which closed its combination with Swiss pharma firm Oculis SA (NASDAQ:OCS) just three months ago. The sponsor is getting flexibility at a good...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Lucid to raise $3B in a common stock offering from Saudi owners, Betsy Cohen says SPACs will make a comeback, and SatixFy makes another leadership change Lucid Raising $3 Billion With More Money From...
An article on Bloomberg yesterday announced what many in SPAC Land have been wondering after UBS acquired Credit Suisse – where was Niron Stabinsky, the Head of SPACs at Credit Suisse, going to land? The answer is Banco Santander SA, in what appears to be a massive lift of most (or nearly all) of Credit...