Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Forbes explores sale months after terminating SPAC deal and Interra refiles for Hong Kong listing
Forbes explores sale, hires Citigroup as banker
Forbes said on Tuesday it was exploring a sale of its business and had hired Citigroup to manage the process, months after it pulled out of a deal to go public through a SPAC.
“There were many interested parties, so we moved forward with a formal sale process and Citigroup was hired to manage this process,” a Forbes spokesperson said in an emailed response.
In June, Forbes sought to terminate its $630 million deal with former Point72 executive Jonathan Lin-led SPAC Magnum Opus (NYSE:OPA) to go public.
READInterra SPAC Refiles for Hong Kong Listing
A SPAC backed by Agricultural Bank of China Ltd.’s investment banking business has refiled for a listing in Hong Kong after its initial application lapsed.
Interra Acquisition Corp., which was among the first blank-check companies to file to offer its shares in Hong Kong when such vehicles were allowed earlier this year, filed an updated draft prospectus to the local bourse late Tuesday, days after its January application lapsed.
Interra, which is backed by ABCI Asset Management and investment firm Primavera Capital Group, plans to invest in high-growth companies focusing on China and nearby regions that specialize in sectors like innovative technology, consumer and new retail, advanced manufacturing, healthcare and climate action.
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...
At the SPAC of Dawn Futures sit slightly red as investors return from holidays of barbecues and fireworks to renewed concerns about where US President Donald Trump’s tariff policy might hamper trade. The latest shift produced a further one-month delay in most of the tariffs Trump has threatened to impose as his administration continues to...
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...