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.

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The Latest SPAC News and Rumors: January 26, 2023
Recent Posts
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...

by Nicholas Alan Clayton on 2025-07-07 at 8:22am

At the SPAC of Dawn Futures sit slightly red as investors return from holidays of barbecues and fireworks to renewed concerns about where US President Donald Trump’s tariff policy might hamper trade. The latest shift produced a further one-month delay in most of the tariffs Trump has threatened to impose as his administration continues to...

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