Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SPAC deal makes CEO of Rumble a billionaire, Cano Health explores sale after receiving buyout interest, and Givaudan and LanzaTech announce collaboration
SPAC Deal Makes CEO of Conservative Video Platform a Billionaire
A SPAC deal has made the founder of a conservative social media platform a billionaire — and it’s not Donald Trump.
Chris Pavlovski, chief executive officer of Rumble Inc.(NASDAQ:RUM), is worth more than $1.8 billion after the lightly moderated video network — which features daily shows from hosts including Glenn Greenwald and Russell Brand — went public Monday by merging with a blank-check firm led by Cantor Fitzgerald’s Howard Lutnick. Pavlovski, who is Canadian, owns almost 140 million shares in the company, which he founded in 2013.
Also benefitting was Lutnick, the CEO and chairman of blank-check firm CF Acquisition Corp. VI. Through the SPAC sponsor, he now controls shares in Rumble valued at more than $148 million.
READCano Health exploring sale after receiving buyout interest
U.S. primary care provider Cano Health (NYSE:CANO) is exploring a sale and working with advisors after receiving acquisition interest, according to people familiar with the matter.
Cano Health has received buyout interest from potential buyers including Humana Inc and CVS Health Corp (NYSE:CVS), the sources said.
Cano, which went public last year through a merger with a special purpose acquisition company backed by billionaire Barry Sternlicht, received buyout interest after their poor results last month, prompting them to explore a sale, one of the sources said.
READGivaudan and LanzaTech announce their collaboration on developing fragrance ingredients from renewable carbon
Givaudan, a global industry leader in the world of scent and beauty, and LanzaTech NZ, Inc. (“LanzaTech”), an innovative Carbon Capture and Transformation (“CCT”) company have announced a collaboration for the development of sustainable fragrance ingredients from renewable carbon.
As previously announced LanzaTech has entered into a merger agreement for a business combination transaction with AMCI Acquisition Corp. II (Nasdaq: AMCI). Upon closing, the combined company is expected to trade on Nasdaq under the ticker symbol “LNZA”.
READMore Acquisition suspends shares due to planned Megasteel acquisition
More Acquisitions PLC on Friday suspended its shares from trading due to a planned acquisition of Wiltshire, England-based steel distributor Megasteel Ltd.
The special purpose acquisition company said Megasteel is valued at between GBP49.5 million to GBP63 million on completion of the acquisition. Consideration will involve the issue of between 2.2 billion to 2.8 billion new shares, at a price of 2.25 pence per share.
Megasteel is a distributor of high-quality steel for the prestressing and post-tensioning of concretes in the UK. Prestressed concrete is a critical building product used in the UK construction market.
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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...