Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC regains compliance with Nasdaq, White & Case amicably resolves dispute with Colonnade II, and Nikola’s CFO steps down
Trump-backed SPAC Digital World regains compliance with Nasdaq listing
Digital World Acquisition Corp (NASDAQ:DWAC), a blank-check firm that is to merge with former U.S. President Donald Trump’s social media platform, said on Wednesday it had been cleared by the Nasdaq over non-payment of certain dues.
“The company’s fee delinquency has been cured, and as a result the company has regained compliance with the applicable listing standard,” it said in an exchange filing, adding that a scheduled hearing next month related to the issue had been canceled.
READWhite & Case settles with SPAC after derailed $480M deal
Law firm White & Case has quickly ended a lawsuit seeking legal fees from a special purpose acquisition company whose plans for a $480 million merger fizzled.
White & Case, which last week sued former SPAC client Colonnade Acquisition Corp II and its directors in New York state court for more than $8.2 million, said in a Friday filing the parties “have amicably resolved their disputes.”
Nikola’s CFO Steps Down in Startups’ Latest High-Level Exit
Nikola Corp.’s (NASDAQ: NKLA) chief financial officer is stepping down next month in a shakeup of the zero-emission vehicle startup’s top ranks.
Kim Brady, who has been a source of stability amid managerial turmoil, will leave as finance chief at the Phoenix-based company on April 7 before departing later that month, the company said in a statement March 27. He has served as CFO since November 2017.
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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...
Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...