Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Backers of Super Group deal hit with lawsuit and Freightos partners with Electrolux Group
Super Group’s Blank-Check Backers Hit With SPAC Deal Challenge
An investor sued architects of the blank-check merger between online gambling company Super Group (NYSE:SGHC) Ltd. and a shell entity, claiming they duped shareholders into approving a lousy deal that made insiders rich.
The lawsuit targets the finance and sports industry veterans—including former senior executives at Goldman Sachs & Co. and the NFL—who sponsored Sports Entertainment Acquisition Corp., the special purpose acquisition company that combined with Super Group to take it public. Super Group operates the digital sports betting platform Betway and Spin, an online casino.
Electrolux Group Taps Freightos for Real-Time Procurement of Air Freight
Electrolux Group, a global leader in home appliances, has announced a new partnership with Freightos (NASDAQ: CRGO), the leading global freight booking platform, to improve its freight booking process across its forwarders and carriers. The partnership follows a successful proof of concept addressing efficiencies in cost estimation, booking, and end to end tracking and air freight visibility.
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...