Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Zoom in talks to invest in Cvent SPAC deal and Bustle owner eyes SPAC deal
Zoom Is in Talks to Invest in Cvent Blank-Check Deal
Zoom Video Communications Inc. is in talks to invest in the blank-check deal that would take event-management software company Cvent public, according to Bloomberg.
Dragoneer Growth Opportunities Corp. II is in discussions with potential investors including the video-chat platform about a private placement to support a deal with Cvent.
Zoom is negotiating to take a roughly 10% portion of the equity being raised for the deal.
Bustle Owner Eyes SPAC Deal, Acquires Some Spider Studios
Mr. Goldberg’s BDG Media Inc. is buying Some Spider Studios Inc., the digital-media company behind parenting websites Scary Mommy, Fatherly and the Dad, according to The Wall Street Journal. BDG Media aims to go public by merging with a SPAC later this year.
At the SPAC of Dawn During a week in which rare earth mining and space de-SPACs have seen major gains, another blast from the past is making serious waves in the market. EV battery developer QuantumScape (NYSE:QS) rose to a 52-week high of $13.79 yesterday and is cruising even higher in the pre-market. The company...
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...