The Latest SPAC News and Rumors: October 21, 2021
by Marlena Haddad on 2021-10-21 at 11:24am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Equinox in talks to merge with Ares SPAC; WeWork shares rise on first day of trading


Equinox, Owner of SoulCycle, Is In Merger Talks With Ares SPAC

Equinox, whose gyms are frequented by Wall Street staffers among others, is in talks to go public through a merger with Ares Acquisition Corp. (NYSE:AAC) after talks with one of Chamath Palihapitiya’s blank-check companies collapsed, according to Bloomberg.

Ares Acquisition raised $1 billion in its February IPO. It is backed by Ares Management Corp., an alternative asset manager. A co-founder of Ares Management, David Kaplan, is the SPAC’s co-chairman and chief executive officer.

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WeWork Shares Rise on First Day of Trading, Two Years After Failed IPO

WeWork (NYSE:WE) shares rose on its first day of trading Thursday, capping a journey to a listing that included the implosion of its IPO in 2019.

The shared-office company WeWork went public through a combination with BowX Acquisition Corp. Shares, trading under the name WeWork Inc., rose about 6% to $11 Thursday morning.

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The Latest SPAC News and Rumors: October 21, 2021
Recent Posts
by Nicholas Alan Clayton on 2025-06-27 at 11:20am

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...

by Nicholas Alan Clayton on 2025-06-27 at 8:25am

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...

by Nicholas Alan Clayton on 2025-06-26 at 7:04pm

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...

by Nicholas Alan Clayton on 2025-06-26 at 4:52pm

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...

by Nicholas Alan Clayton on 2025-06-26 at 8:24am

At the SPAC of Dawn As pressure on Fed Chairman Jerome Powell increases, the market is set to ingest a raft of new indicators today as well as hear from Cleveland Fed President Beth Hammack on the potential interest rate path. Today will also see June’s 8th SPAC IPO as Cantor Equity Partners III Inc....

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