Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Trump Media fires whistleblowers after sharing SEC complaint, Lavin Group revenue up 73% in 1H22, and Southland awarded $155M
Trump Media Fires Whistleblower After He Shares SEC Complaint Detailing Securities Violation
Trump Media & Technology Group (TMTG), which owns the Truth Social platform, lost no time in firing Will Wilkerson after he shared with the Washington Post a whistleblower complaint he filed with the SEC in August.
In the whistleblower complaint, the executive reportedly alleged that TMTG relied on fraudulent misrepresentations for raising money through a SPAC, in violation of federal securities laws.
READLanvin Group Revenue up 73% to €202 Million in First Half of 2022
Lanvin Group (the “Group”), a global luxury fashion group, today announced its financial results for the six-month period ended June 30, 2022. The Group plans to subsequently file an amendment to the registration statement on Form F-4 of Lanvin Group Holdings Limited, a company affiliated with the Group, reflecting these financial results with the Securities and Exchange Commission, in connection with its previously announced proposed business combination with Primavera Capital Acquisition Corporation (NYSE: PV), an affiliate of Primavera Capital Group, a leading global investment firm.
The Group’s performance in the first half of 2022 has been marked by an exceptional phase of growth, building on the strong momentum achieved in 2021. For the first six months of 2022, the Group recorded revenue of €202 million, representing industry-leading growth of 73% compared to the same period in 2021.
READSouthland Awarded $155 Million Elm Fork Water Treatment Plant Filter Complex in Dallas, Texas
Southland Holdings, LLC (“Southland”) announced today that a subsidiary in its Civil segment, Oscar Renda Contracting, has been awarded a $155 million contract to construct a water treatment plant filter complex for the City of Dallas.
The scope of work includes constructing a water filter complex, installing up to 11’ diameter water pipe, and connecting to the city’s existing treatment system. The water filter complex will connect to a 10’ diameter tunnel Southland recently finished boring for the City of Dallas on a separate project. Construction on the newly awarded project is expected to start by the end of 2022.
On May 25th, 2022, Southland entered into an Agreement and Plan of Merger (the “Agreement”) with publicly-traded Legato Merger Corp. II, a special purpose acquisition company (NASDAQ: LGTO).
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Terms Tracker for the Week Ending June 27, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. June continued its late-month rally with another five SPAC IPOs pricing this week, bringing the monthly total to 10 and the 2025 year-to-date count to...
Blueport (NASDAQ:BPACU) has filed for a $69 million SPAC that would bring another first-time sponsor team to market. The new SPAC is offering investors a right to a 1/6 share in each unit and it will have 15 months to complete a business combination. It is underwritten by Alliance Global Partners and will not be...
At the SPAC of Dawn The markets appear to poised to continue a rosy week with futures in the green in anticipation of PCE inflation readings. Space is one of the sectors feeling the most love recently and launch services firm Rocket Lab (NASDAQ:RKLB) is keeping up the momentum, scheduling two launches within 48 hours...
FIGX Acquisition Corp. (NASDAQ:FIGXU) announced the pricing of its $131 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FIGXU”, Friday, June 27, 2025. The new SPAC aims to seek out a financial services target with a particular focus on wealth and asset managers with the potential to...
Yorkville Acquisition Corp. (NASDAQ:YORKU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YORKU”, Friday, June 27, 2025. The new SPAC plans to combine with a target company in the telecom, media or technology sectors. Yorkville Acquisition Corp.’s management team is led...