Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: PlayUp embarks on restructuring, close to selling US unit to public company, and PublicSq. launches EveryLife
PlayUp Reportedly Close to Selling US Unit to Public Company
Australia-based PlayUp is close to selling its US operations to an unidentified publicly company traded and will embark upon a significant restructuring, including sizable layoffs.
Last September, PlayUp announced plans to go public via a reverse merger with IG Acquisition Corp., a SPAC controlled by Bradley Tusk. That deal fell apart in January after IG Acquisition claimed PlayUp failed to provide material financial documents in the previous month. The offer valued the gaming company at $350 million.
PublicSq. Launches EveryLife, a Wholly-Owned Subsidiary and Pro-Life Baby Brand
PSQ Holdings, Inc. (“PublicSq.”), the leading marketplace of patriotic businesses and consumers, proudly announces the commercial launch of its wholly-owned subsidiary EveryLife and its first direct-to-consumer product offerings. EveryLife introduces a line of premium baby products, including diapers and wipes, dedicated to celebrating and protecting the miracle of every life. The brand firmly believes that every individual, regardless of their background, socioeconomic status, or circumstances of conception, deserves love, support, and the right to life.
July is a significant month for PublicSq., as it works toward completion of its previously announced proposed business combination with Colombier Acquisition Corp. (NYSE: CLBR).
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At the SPAC of Dawn As a rough week in the market comes to a close, at least one de-SPAC has some cause to show off. Many fashion brands were among the hard hit in recent days and not simply for macro reasons. Luis Vuitton-owner LVMH (PA:MC) dropped this week after an earnings miss led...
Shepherd Ave Capital Acquisition Corp. (Nasdaq: SPHAU) is the latest SPAC to file to IPO, making 24 new registration statements that have filed since June 1, 2024. So far, only two of those 24 have gone public, but it does indicate an active August. In SPACLand at least, August is never slow. As for Shepherd...
At the SPAC of Dawn SPACs have now priced 20 IPOs seven months into 2024 with an eye on beating 2023’s total of 31 IPOs. With a little more than 5 months left in the year, it’s expected that SPACs should at least match that number by only needing to price roughly two IPOs per...
DT Cloud Star announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DTSQU”, Thursday, July 25, 2024. The new SPAC aims to combine with an established business with long-term financial visibility, but has not limited itself to a particular industry or sector....
Launch Two (NASDAQ:LPBBU) has filed for a $200 million IPO that shows how the market has shifted for new issuance since its sister SPAC Launch One (NASDAQ:LPAAU) filed just over a month ago. Both SPACs are underwritten by Cantor Fitzgerald and seeking nominally the same raise at IPO, but Launch Two is overfunding its trust...