Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Apollo is raising $500 million for SPACs, Cathie Wood amasses 11% stake in $17.5 billion Harry Sloan SPAC, and four SPACs backed by ShiftPixy slash IPO sizes
Apollo Seeks $500 Million Fund to Invest in SPACs
Cathie Wood Stake in $17.5 Billion Harry Sloan SPAC Hits 11%
Cathie Wood’s ARK Investment Management LLC now has a nearly 11% stake in a SPAC backed by former Hollywood executive Harry Sloan, Bloomberg reported.
Ark’s daily trading statement shows it added another 1.2 million shares of Soaring Eagle Acquisition Corp. (NASDAQ:SRNG) on Tuesday. That takes the firm’s total holdings to nearly 18.5 million shares across the flagship ARK Innovation ETF (NYSE:ARKK) and the ARK Genomic Revolution ETF (BATS:ARKG), according to data compiled by Bloomberg.
READFour SPACs Backed By ShiftPixy Slash U.S. IPO Sizes
Four blank-check companies backed by staffing services company ShiftPixy Inc cut the size of their IPOs on Wednesday.
Of the four SPACs, Firemark Global Capital Inc had targeted the biggest raise of $500 million, when it first submitted its paperwork in April. The company said it is now looking to raise up to $150 million.
The other firms — TechStackery Inc, Vital Human Capital Inc and Industrial Human Capital Inc — are now aiming to raise $150 million each, compared with a target of $250 million each earlier, according to regulatory filings.
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Latest SPAC Liquidations: JAWS Hurricane JAWS Hurricane Acquisition Corporation (HCNE) to Liquidate on June 16 JAWS Hurricane Acquisition Corporation (Nasdaq: HCNE) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence. As such, the Board has determined to cancel the special meeting of its stockholders,...
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...