Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ackman Proposes to return SPAC funds; Ouster in talks to acquire lidar rival Sense Photonics
Bill Ackman Proposes to Return $4 Billion to SPAC Investors If New Vehicle Is Approved
Bill Ackman proposed to return $4 billion he raised from investors through his SPAC if he gets regulatory approval to launch a new vehicle, saying a lawsuit filed earlier this week has had an impact on his ability to strike a deal.
In a note to Pershing Square Tontine Holdings shareholders late on Thursday, the billionaire investor said a lawsuit alleging the SPAC is “an illegal investment company” has hurt its chances of getting a deal done within the required timeframe.
READOuster Said In Talks to Acquire Lidar Rival Sense Photonics
Ouster Inc., a lidar startup that went public after merging with a blank-check firm, is in advanced talks to acquire rival Sense Photonics, according to Bloomberg.
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McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....