Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SeatGeek files to go public, Elenium eyes $185M deal with Integral 1, and Hong Kong SPAC pioneer calls for looser rules to revive market
SeatGeek Reportedly Files to Go Public After Failed SPAC Merger
Ticketing company SeatGeek filed confidentially with regulators earlier this month to go public, according to a new report from The Information.
SeatGeek’s planned IPO follows its previous attempt to go public via a SPAC merger with RedBall Acquisition Corp. Still, both parties agreed to terminate the deal last June due to market conditions. That merger would have valued SeatGeek at $1.35 billion and included investments from Kevin Durant’s Thirty Five Ventures and Utah Jazz owner Ryan Smith.
READYoung Rich Lister’s biometric start-up Elenium eyes $185M SPAC deal
Elenium Automation is plotting a Nasdaq listing with help from a home-grown special purpose acquisition company in a deal that the Melbourne digital identification start-up hopes will boost its valuation by 54 percent to $185 million.
Elenium – which has developed software and hardware to check identities using face and palm biometrics deployed at 25 airports round the world – did not have to look far from home to find its blank-cheque backer in Integral Acquisition Corporation 1.
READHong Kong SPAC Pioneer Calls for Looser Rules to Revive Market
One of the pioneers of blank-check companies in Hong Kong is urging local regulators to relax rules in order for more listings to happen, acquisitions to materialize and liquidity to improve.
Jason Wong, one of the first financiers of special purpose acquisition companies in the Asian financial hub, said Hong Kong should align its SPAC rulebook to that in the more lightly regulated US market, so as to attract stronger foreign demand. Changes needed include allowing retail investors to access SPAC offerings, boosting the proportion of embedded warrants and providing more clarity about who qualifies as a promoter.
READFrost and Sullivan Projects US$6.50 SMX Shares Path for Potential Domination by SMX With Patented Plastic Recycle Solution Special for Earth Day Focus
SMX (Security Matters) (NASDAQ: SMX) is pleased to announce for Earth Day (22 April), the world’s largest environmental movement day, its part in the global sustainability effort by enabling companies and industries to comply with plastic regulations as they endeavor to meet their business goals and make plastic green.
Lionheart III (NASDAQ:LION) closed its deal with Security Matters (ASX:SMX) in March.
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Columbus Circle I (NASDAQ:CCCM) has entered into a definitive agreement to combine with ProCap Financial as part of a raise of about $1 billion in capital for the target company. ProCap aims to build a Bitcoin treasury that will eventually provide the backing for a financial institution providing investment banking services. The combined company is...
At the SPAC of Dawn SPACs have a busy week of votes ahead of them with six special meetings to approve extensions and three to complete business combinations. JVSPAC (NASDAQ:JVSA) is set to kick off the run of deal votes tomorrow as it seeks approval to tie things up with Southeast Asian hospitality chain Hotel101....
Terms Tracker for the Week Ending June 20, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Two more SPACs priced IPOs this week, one each from Cohen and Cantor. That brings June’s IPO count to five and the 2025 year-to-date tally...
CSLM Digital Asset (NASDAQ:KOYNU) has filed for a $200 million IPO to hunt for a crypto transaction with a team that includes veterans from a variety of other SPAC efforts. The new SPAC sports 1/2 warrants in units and will have 24 months to initially close a business combination. It becomes the 16th SPAC that...
At the SPAC of Dawn The past year has seen a string of serial sponsor teams return to market, with some already listing multiple vehicles in a full return to the hunt. One prolific SPAC leader that has been conspicuously absent from this return so far has been Chamath Palihapitiya, who has been a part...