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.
READ
Cantor Equity Partners I (NASDAQ:CEPO) has entered into a definitive agreement to combine with Bitcoin Standard Treasury in a transaction that is worth about $4.8 billion. Bitcoin Standard Treasury aims to bring in capital from a number of equity instruments to build up one of the largest US-listed Bitcoin treasuries. The combined company is expected...
At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...
Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...