The Latest SPAC News and Rumors: January 26, 2023
by Marlena Haddad on 2023-01-26 at 11:40am

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Disruptive Capital sets out to buy back 95% of shares and Buzzfeed rallies after report of Meta deal


SPAC To Buy Back 95% Of Shares After Merger Talks End

Disruptive Capital Acquisition Co. (NASDAQ:DISA) has set out plans to buy back 95% of its shares for up to £128. 5 million ($159. 3 million), after the blank-check company struggled in its attempts to find a merger target.

Battered Buzzfeed shares rally after report of multi-million dollar Meta deal

Shares of BuzzFeed Inc (NASDAQ: BZFD) jumped over 50% in early trading after a report said Meta Platforms Inc (NASDAQ: META) was paying the digital media firm millions of dollars to bring more creators to Facebook, Instagram.

About 30 million shares changed hands by 9:50 a.m. ET, setting the stock for its busiest session on record and well above its 25-day moving average volume of about 150,000.

The $132 million company has seen its shares tank over 90% to just under $1 since going public via a reverse merger with a SPAC in December 2021.

READ

 

The Latest SPAC News and Rumors: January 26, 2023
Recent Posts
by Nicholas Alan Clayton on 2025-07-08 at 8:11pm

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...

by Nicholas Alan Clayton on 2025-07-08 at 12:36pm

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...

by Nicholas Alan Clayton on 2025-07-08 at 8:18am

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...

by Nicholas Alan Clayton on 2025-07-07 at 9:05am

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...

by Nicholas Alan Clayton on 2025-07-07 at 8:50am

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...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved