Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Bitdeer completes mining facility in Bhutan and SEC ends investigation into Better.com
Bitdeer Completes Mining Facility in Bhutan
The bitcoin mining firm Bitdeer Technologies (NASDAQ: BTDR) founded by Jihan Wu has completed the construction of a mining facility in Bhutan and is making progress with its operations.
Jihan Wu is a prominent figure in the cryptocurrency space and co-founder of Bitmain, a major manufacturer of cryptocurrency mining hardware.
Bitdeer successfully made its debut on Nasdaq in April through a merger with a special purpose acquisition company (SPAC), boasting a valuation of $1.18 billion.
READSEC ends investigation into Better.com, which continues to bleed cash ahead of planned SPAC vote
The U.S. Securities and Exchange Commission (SEC) said it does not intend to recommend an enforcement action against digital mortgage lender Better.com. The pronouncement comes after an investigation on the part of the SEC to determine if violations of federal securities laws had occurred.
Last July, the SEC began looking into whether Better.com had violated federal securities laws, requesting documents from both the company and SPAC partner Aurora Acquisition Corp. (NASDAQ:AURC) about their business activities.
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Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
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...