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.
READ
As the 2025 market environment settles in, SPACs have an increasingly defined role within the capital markets ecosystem, more often bringing midcap companies public, while traditional IPO deal flow has skewed smaller over time. And, as this new analysis shows, SPACs have been frequently offering investors higher upside when these companies excel. Of course, as...
At the SPAC of Dawn Despite the jitters sent through the market ahead of today’s festival of tariff implementations, SPACs have shown themselves to be unconcerned with “Liberation Day” as two teams priced their IPOs and will debut in the eye of the storm later today. That makes for four new SPAC listings on the...
Soulpower Acquisition Corporation (NYSE:SOUL.U) announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “SOUL.U”, Wednesday, April 2, 2025. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution but will focus...
Sizzle Acquisition Corp. II (NASDAQ: SZZLU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SZZLU”, Wednesday, April 2, 2025. Sizzle II plans to search for a target in a range of industries and combine with an established business of scale poised...
In March 2025, SPAC activity remained largely in line with February, though notable shifts emerged across extensions, announced transactions, and completions. Extension activity remained steady, with a slight increase in the number of SPACs seeking additional time. However, later-stage extensions became more common, reflecting a maturing SPAC landscape. Announced transaction volume continued to be weak,...
