Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Martin Franklin makes offer to acquire Whole Earth Brands and Lucid to power Aston Martin’s future EVs
Franklin Eyes Buyout of Whole Earth Brands in $169 Million Deal
Whole Earth Brands Inc.’s (NASDAQ:FREE) largest shareholder, Martin Franklin, has made an offer to acquire the rest of the company.
The serial dealmaker submitted a non-binding proposal of $4 per share in cash for the health food company, according to a regulatory filing Monday. That represents a 28% premium to Whole Earth Brands’s last closing price.
Whole Earth Brands went public in 2020 through a merger with a blank-check firm during the boom in special purpose acquisition companies, or SPACs.
READAston Martin Cuts Deal With Lucid For EV Tech
Aston Martin has reached a deal that will see it giving a 3.7 stake in the company to US electric vehicle firm Lucid (NASDAQ:LCID) in return for access to its technology as it seeks to begin making “ultra-luxury high-performance electric vehicles” from 2025.
The deal is to see the British firm making cash payments and issuing 28.4 million new ordinary shares to Lucid, together worth about £182m.
US EV maker Lucid, which makes luxury Air sedans, listed on the Nasdaq in February of last year via a merger with a SPAC.
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Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...
Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...
This week, we speak with Kyivstar CEO Oleksandr Komarov about the company’s $2.2 billion dollar combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR). Few companies have been had to forge themselves in the flames recently quite like Ukraine’s leading telecom and digital services provider Kyivstar. Now, Kyivstar is not only telling that story but pitching it to...
At the SPAC of Dawn The market still has one full trading session before it adds Tuesday’s Core CPI reading and a variety of Fed comments to messaging it is already ingesting on US President Donald Trump’s ever-shifting tariff policy. SPACs are meanwhile continuing on with business as usual, with Cayson (NASDAQ:CAPN) announcing the third...
Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...