Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: A-Rod’s Slam SPAC in talks to merge with Italy’s Panini Group, France’s Billionaire Pinault family joins SPAC rush in Europe, and Li-Cycle and Helbiz partner to advance battery recycling in micro-mobility
A-Rod’s Slam SPAC Is in Merger Talks With Italy’s Panini Group
Alex Rodriguez’s blank-check firm Slam Corp. is in talks to merge with Panini SpA, which makes sports stickers, cards and other collectibles, in a transaction that is set to value the combined entity at $3 billion or more.
READFrance’s Billionaire Pinault Family Joins European SPAC Push
France’s billionaire Pinault family is set to join the growing line of SPAC sponsors in Europe, aiming to raise as much as €300m for a blank-check company that will focus on the entertainment and leisure industries, according to Reuters.
The SPAC, I2PO, is being launched in Paris on Wednesday and is also backed by Centerview Partners banker Matthieu Pigasse. It will be headed by former WarnerMedia executive Iris Knobloch.
I2PO is looking to combine with a target that has a valuation between €1bn to €2bn in areas such as music and video streaming, gaming, media services or platforms for booking travel and entertainment.
READLi-Cycle and Helbiz Partner to Advance Battery Recycling in Micro-Mobility
Lithium-ion battery recycler Li-Cycle Corp. and micro-mobility firm Helbiz today announced a partnership to create a safe and sustainable recycling solution for end-of-life lithium-ion batteries used in e-scooters and e-bikes.
Both Li-Cycle and Helbiz have previously announced plans to become publicly traded companies in the United States via a merger with SPACs and have plans to expand operations in Europe.
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At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...