Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Verde Clean Fuels announces agreement for renewable gasoline plant, Universal Entertainment accused of improper influence in Manila casino fight, and Integral 1 on the prowl again as $185M buyout falls over
Verde Clean Fuels Announces Carbon Capture Agreement for Renewable Gasoline Plant in California
Verde Clean Fuels (Nasdaq: VGAS), a company focused on becoming the leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced a Carbon Dioxide Management Agreement (CDMA) between Verde and Carbon TerraVault JV HoldCo, LLC (“CTV JV”), a carbon management partnership focused on carbon capture and sequestration development formed between Carbon TerraVault, a subsidiary of California Resources Corporation (“CRC”) (NYSE: CRC), and Brookfield Renewable (NYSE: BEP).
Verde Clean Fuels, previously known as Bluescape, closed its combination with CENAQ Energy in February.
Japan’s Universal Entertainment Accused of Improper Influence in Manila Casino Fight
Officials of a Japanese entertainment company in a merger fight over a Manila casino resort sought to improperly influence a prominent Filipino legislator to regain control of the property, a special purpose acquisition company suing Universal Entertainment Corp. alleged.
In a filing Monday in Delaware Chancery Court, the SPAC, 26 Capital Acquisition Corp. (NASDAQ:ADER), claimed that Universal executives brought “heavy luggage” to a meeting with Philippine House of Representatives Speaker Martin Romualdez to try to secure his support in the dispute. They have been trying to take back control of the 100-acre (40-hectare) Okada Manila resort and casino, valued at $2.6 billion.
Melbourne SPAC on the prowl again as $185m buyout deal falls over
Financial Review can report that Aaron Hornlimann’s deal to sell his startup Elenium Automation to a Nasdaq-listed SPAC for an eye-watering $185 million valuation has fallen through.
But, Integral Acquisition Corporation 1 (NASDAQ:INTE), has been reaching out to other Australian startups in the recent weeks as its talks with Elenium die out and the clock ticks on finding an acquisition target.
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Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....