Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Donald Trump values his nascent media company at less than $30 million, a stark discount to the more than $1 billion valuation implied by investors who piled into the blank check that’s hoping to bring the firm public.
The former president said Trump Media & Technology Group Corp., which is going public through a SPAC merger with Digital World Acquisition Corp.(NASDAQ:DWAC), is worth $5 million to $25 million, according to a financial disclosure filed late Friday with the Federal Election Commission.
READFormer Representative and Truth Social CEO, Devin Nunes calls out SEC Chairman Gary Gensler for slow walking the approval that’s still needed for the Truth Social SPAC deal: “You have three people that are clearly involved in this transaction, or non-transaction, trying to basically kill our ability to have access to the public markets.”
READDominic Perks has left Hambro Perks, the VC firm he co-founded a decade ago. The company confirmed to Investment Week Perks is no longer working at the business, but no reason for his exit was provided,
Hambro Perk’s special purpose acquisition company HPAC told investors on 14 April Perks had resigned as a director with immediate effect.
HPAC was London’s first SPAC, launched in November 2021, following the UK government’s removal of trading suspensions on SPACs after they confirmed a deal.
READLakeview RNG, a wholly owned subsidiary of NEXT Renewable Fuels (“NEXT”), has acquired assets associated with the Red Rock Biofuels development in Lake County, OR effective Friday, April 14, 2023. Lakeview RNG is commencing a redevelopment plan focused on completing construction of certain aspects of the site while replacing or enhancing others. When complete, the Lakeview RNG facility is expected to be capable of converting forest waste into renewable natural gas (“RNG”) and clean hydrogen.
NEXT announced its $530 million business combination with Industrial Tech II (NASDAQ:ITAQ) in November 2022.
READFG Merger Corp. (NASDAQ:FGMC) provides retail investors access to a security that has historically only been available to institutions. Retail investors will be able to invest in a publicly-traded company with a unique asymmetric structure, and they’ll be able to do that straight through their regular brokerage accounts.
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Alpha Star (NASDAQ:ALSA) has entered into a definitive agreement to combine with fintech firm XDATA at an equity value of $180 million. Tallinn, Estonia-based XData provides payment software and digital banking systems for business clients. The combined company is expected to trade on the Nasdaq once the deal is completed in late 2024. Transaction Overview...
At the SPAC of Dawn The market shifted this week on the see-saw of the US election prospects, but, beyond the policies at play, another impact the election could have on the SPAC market is the potential for a fair amount of people movement. Many of the biggest names in SPACland have been bundling donations...
At the SPAC of Dawn After what appeared to a pause in activity around the presidential debate, Southport (OTC:PORT) and Future Vision II (NASDAQ:FVNNU) broke the seal yesterday on both new business combinations and IPOs, respectively. Two SPACs are about to come off of the board as well, however, as 99 Acquisition Group (NASDAQ:NNAG) has...
Future Vision II Acquisition Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FVNNU”, Friday, September 12, 2024. The new SPAC intends to focus its search on businesses within the technology, media, and telecommunications sector. Future Vision II’s sponsor team is...
Southport (OTC:PORT) has entered into a definitive agreement to combine with Angel Studios at a pro forma enterprise value of $1.56 billion. Angel Studios produces film and TV content for both streaming and theatrical releases. The combined company is expected to trade on the NYSE or Nasdaq under the symbol “AGSD” once the deal is...
