Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC drops 8% amid Trump’s arraignment, and Avanseus announces version 6.0 of Augmented Operations platform
Trump SPAC Digital World drops amid former president’s arraignment, delayed 10-K filing
Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Donald Trump’s social media company and Truth Social app public, fell 8% as the former president was formally arraigned on charges related to alleged hush-money payments made during the 2016 presidential campaign.
Digital World also announced on Monday that it had to delay filing its 10-K for the year ended Dec. 31. DWAC expects to file its annual report within the 15 day grace period.
READAvanseus Announces Version 6.0 of its Augmented Operations Platform
Avanseus Pte. Ltd., a software company specializing in developing AI-based solutions driven by machine learning and cognitive computing, today announced version 6.0 of its AI-based, state-of-the-art Augmented Operations platform, which includes several enhancements to Avanseus Predictive Maintenance’s (“APM”) capabilities and introduced the Smart Asset Procurement application.
Avanseus and Fat Projects Acquisition Corp (Nasdaq: FATP), a SPAC formed under the laws of the Cayman Islands (“FATP”), entered into a Business Combination Agreement dated August 26, 2022.
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Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...
M3-Brigade V (NASDAQ:MBAV) has entered into a definitive agreement to combine with crypto treasury firm ReserveOne, assembling about $1 billion in equity funding. ReserveOne is setting up a diversified Bitcoin and digital asset treasury with a portion of its investments going towards blockchain infrastructure and venture raises. The combined company is expected to trade on...
At the SPAC of Dawn As the SPAC market has warmed in 2025, only 21 of the 70 SPACs (30%) that have IPO’d thus far have overfunded their trusts to draw in investors and none of these funded to more than 101%. By contrast, 87% of 2023 SPACs were overfunded – some to as high...
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...