Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: CXApp soars after merging with KINS Technology and Corvex settles with SEC over SPAC activities
AI-Linked De-SPAC CXApp Surges 1,480% in Blistering Three-Day Rally
CXApp Inc. (NASDAQ: CXAI) soared 94% on Friday, bringing its rally over the past three days to 941% on the back of a wave of retail investor interest after listing via a SPAC merger with KINS Technology Group Inc.
The artificial intelligence-powered enterprise software company has jumped from a Tuesday close of $1.33 to ending Friday’s session at $13.85 without having released any new updates with the US Securities and Exchange Commission in the period. The stock is the latest to ride the AI wave that’s boosted multiple companies this year. It was the most-mentioned stock over the past day in Stocktwits, according to data compiled by Bloomberg.
READCorvex Settles With SEC Over SPAC Activities
Corvex Management has agreed to pay $1 million to settle an SEC complaint related to the activities of three SPACs co-sponsored by the hedge fund.
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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...
In June 2025, the SPAC market was marked by a notable rise in meeting delays, with adjournments and postponements playing a central role in extension activity, as sponsors navigated a more cautious market environment. Still, several SPACs secured shareholder approvals, and seven business combinations were completed during the month. At the same time, IPO issuance...
An In-Depth Look at SPAC Activity Through the Second Quarter & First Half 2025 Below is a summary of the first half of 2025 SPAC market. If you’d like a pdf copy, you can access the link HERE. Q2 kicked off in chaos. President Trump’s shifting and often contradictory tariff announcements sent markets reeling, driving...
At the SPAC of Dawn The market is set to be showered with new SPACs today as three more SPACs priced their IPOs overnight, bringing 2025’s total to 66, already surpassing the full-year total of 2024. After hours, Ribbon (NASDAQ:RIBB) also added a new SPAC deal to June’s tally just under the wire, bringing the...