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

 

Recent Posts
by Nicholas Alan Clayton on 2024-06-10 at 8:08pm

Centurion Acquisition Corp announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALFUU”, Tuesday, June 11, 2024. The new SPAC aims to combine with a technology company with a focus on video gaming, interactive entertainment and enabling services and technologies, cybersecurity, artificial...

by Nicholas Alan Clayton on 2024-06-10 at 3:36pm

Rising Dragon Acquisition Corp (NASDAQ:RDACU) has filed for a $50 million SPAC to hunt for a small cap target in cutting age technology. The SPAC’s units are to be funded to 100% at $10 per unit while including no warrants. Each unit would have a 1/10 right, however, which has been overall not an uncommon...

by Nicholas Alan Clayton on 2024-06-10 at 11:48am

Bayview (NASDAQ:BAYA) has entered into a definitive agreement to combine with Chinese fintech Oabay at an enterprise value of $393 million. Oabay provides cloud-based software to help companies optimize their supply chains with trade credit solutions. The combined company is expected to trade on the Nasdaq once the deal is completed in late 2024. Transaction...

by Nicholas Alan Clayton on 2024-06-10 at 8:25am

At the SPAC of Dawn Last week ended with a flurry of SPAC activity, which may continue into the middle of the month although there are fewer planned corporate actions on the docket for the week. Friday saw three new SPACs file for IPOs bringing June’s tally to four so far. This continues the strong...

by Kristi Marvin on 2024-06-08 at 9:52am

Terms Tracker for the Week Ending June 7, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As expected, June is looking like a much more active month for SPACs, particularly on the new issuance front. Four more new SPACs got filed...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved