The Latest SPAC News and Rumors: October 22, 2021
by Marlena Haddad on 2021-10-22 at 11:47am

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

Latest SPAC News: Trump SPAC surges 1,225%; Algoma Steel expands its Board


Trump-Tied SPAC Ignites Retail Frenzy Amid 1,225% Surge

Shares of Digital World Acquisition Corp. (NASDAQ:DWAC) have skyrocketed 1,225% since an announcement that the blank-check company will merge with Trump Media & Technology Group. The stock nearly tripled to $131.90 when the U.S. stock market opened Friday morning before triggering a halt for volatility after it quadrupled on Thursday.

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Algoma Steel Expands and Diversifies Board

Algoma Steel Group Inc., with operations based in Sault Ste. Marie, Ontario (NASDAQ: ASTL), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced the addition of six new directors to its Board following the closing of Algoma’s business combination with Legato Merger Corp.

The new directors expand the range of expertise offered, and underscore Algoma’s commitment to bringing diverse perspectives and experience to the boardroom that reflect the broader interests of Algoma stakeholders.

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The Latest SPAC News and Rumors: October 22, 2021
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by Nicholas Alan Clayton on 2025-07-03 at 8:27am

At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...

by Nicholas Alan Clayton on 2025-07-02 at 12:13pm

McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...

by Nicholas Alan Clayton on 2025-07-02 at 8:29am

At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....

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