Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Eni considers listing SPAC to target energy-transition businesses, and Velodyne shares rise following Amazon investment
Eni Said to Weigh Listing SPAC to Target Clean-Energy Deal
Eni SpA is considering listing a SPAC that could target energy-transition businesses, according to Bloomberg.
The Italian oil and gas firm is working with partners on plans for the blank-check company and is in the early stages of testing investor appetite. It has been studying potential listing venues including London.
READVelodyne Lidar Shares Rise After Amazon Investment
Velodyne Lidar (NASDAQ:VLDR) surged over 50% in extended-hours trading after the company reported that Amazon had made an investment. The California-based company, which makes sensors for autonomous cars, said it planned to issue a warrant for an Amazon subsidiary to buy almost 39.6 million shares.
Amazon will get a board observer in return, as long as its stock stays above roughly 12.3 million shares, and the deal will come with a “standstill agreement.” Velodyne saw its shares rise 58% to $5.95 in the after-hours trading.
Velodyne has been trading publicly since 2020 following its merger with Graf Industrial Corp.
REAL
Indigo Acquisition Corp. (NASDAQ:INACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “INACU”, Tuesday, July 1, 2025. The new SPAC plans to combine with an established, profitable company whose growth potential can benefit from its team’s expertise. Indigo’s management team is...
After a quiet June, July is set to be active throughout the month with nine de-SPACs and sponsors coming unlocked from their trading restrictions. This timing is most fortuitous for insurance investor Abacus Life (NASDAQ:ABL) and East Resources, which took it public in 2023, as it is the best performer of this group of companies...
Pyrophyte II (NYSE:PAII.U) has filed for a $175 million SPAC to dig for a natural resources target while the team’s first deal remains pending. The new SPAC is offering investors 1/2 warrants in each unit and it will have 24 months to complete a business combination without asking shareholders for an extension. It is the...
At the SPAC of Dawn The last day of the quarter is to play host to a pair of shareholder votes and a possible pricing of Indigo‘s (NASDAQ:INACU) $100 million IPO. This week is also to play host to fresh jobs numbers just before the long July 4 weekend. Black Hawk (NASDAQ:BKHA) was also one...
Terms Tracker for the Week Ending June 27, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. June continued its late-month rally with another five SPAC IPOs pricing this week, bringing the monthly total to 10 and the 2025 year-to-date count to...