Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Blue Owl to retire its Owl Rock and Dyal brands, former Lordstown Motors CEO cashes out
Blue Owl to Retire Its Owl Rock and Dyal Brands as Founders Feud
Blue Owl Capital Inc. (NYSE:OWL) is re-branding its business units in a public show of unity amid brewing tensions among the firm’s senior executives.
It’s renaming Dyal Capital, which takes stakes in private equity firms, to Blue Owl GP Strategic Capital, according to an investor letter seen by Bloomberg. Owl Rock (NYSE:ORCC), its direct lending arm, will become Blue Owl Credit, while its Oak Street real estate unit will be renamed Blue Owl Real Estate.
Blue Owl Capital was formed in 2021 after Owl Rock, founded by Marc Lipschultz and Doug Ostrover, merged with Dyal Capital, founded by Michael Rees, through a SPAC deal.
READFormer Lordstown Motors CEO Cashes Out
The former CEO of Lordstown Motors Corp. (NASDAQ:RIDE) has liquidated his remaining shares in the company he founded and from which he resigned two years ago.
According to a regulatory filing submitted Wednesday, Stephen S. Burns recently sold off nearly $3.9 million worth of common stock – the last of the more than 46 million shares the former CEO once owned when the company went public in October 2020.
The company went public via a special purpose acquisition company, or SPAC, in October 2020.
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McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....