Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Martin Franklin in talks to list new SPAC in London, Wag! to launch community shares program and Polestar chooses AutoNexus to prep and deliver cars in Australia
Blank-Check Pioneer Martin Franklin Eyes London Listing
Serial dealmaker Martin E. Franklin is in exploratory talks to list a new acquisition vehicle in London, according to Bloomberg.
The Jarden Corp. (NYSE:JAH) co-founder is working with UBS Group AG (NYSE:UBS) and Jefferies Financial Group Inc. (NYSE:JEF) to market the listed acquisition vehicle to investors.
The vehicle to be called Admiral will be sponsored by Franklin’s family office Mariposa Capital and could list on the London Stock Exchange as soon as September, if it draws investor commitments of at least $500 million, the people said.
READWag! to Launch Community Shares Program for Pet Caregivers and Nonprofit Charities with Help of Robinhood and DonateStock
Wag Labs, Inc., an American pet services marketplace company powering a mobile-first technology platform that enables on-demand and scheduled dog walking, training, and other pet care services, announced today the launch of its Wag! Community Shares Program.
With the Program, Wag! is pioneering a new method of charitable giving for the community of pet caregivers and for domestic pet nonprofit organizations. At the close of its previously announced business combination with CHW Acquisition Corporation (Nasdaq: CHWA, “CHW”), a publicly traded special purpose acquisition company, Wag! will reserve up to 300,000 shares of common stock for the Program, to be arranged through and administered by Robinhood Financial LLC, an American financial services company, and DonateStock, a fintech philanthropy company.
READAutoNexus chosen to prep and deliver Polestar cars in Australia
Fulfilment firm AutoNexus has been chosen as the logistics company for electric vehicle maker Polestar locally.
That means it will cover services including vehicle transport, processing, storage and full pre-delivery prep for Polestar’s electric vehicles as the latter expands in Australia.
Gores Guggenheim shareholders approved its combination with Swedish electric vehicle-maker Polestar in a special meeting held on June 22.
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Terms Tracker for the Week Ending May 9, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. After the sprint that was last week, with nine IPOs and six new SPAC filings, this week took a breather. Only two SPACs priced, there...
Lake Superior (NASDAQ:LKSPU) has filed for a $100 million SPAC as its CEO attempts to go three-for-three with SPACs that led to completed deals. This new vehicle has one right to a 1/6 share in each unit and some common features of a SPAC underwritten by Cohen & Company in this current climate. Although the...
At the SPAC of Dawn De-SPACs were among the biggest movers in yesterday’s stock market rally, but most of this momentum came on the backs of direct earnings performance. Only three US-listed companies had bigger one-day gains than quantum computing firm D-Wave’s (NYSE:QBTS) +51.2% jump. This came as the company announced $15 million in revenue...
EGH Acquisition Corp. (NASDAQ:EGHAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EGHAU”, Friday, May 8, 2025. The new SPAC aims to combine with a target company in the energy transition or sustainability arena that help industries achieve efficiencies and decarbonization....
At the SPAC of Dawn Fed Chair Jerome Powell announced yesterday that the body intends to keep rates unchanged, earning him the moniker “FOOL” by US President Donald Trump. But, the announcement could bring some stability to market, which has seen macro factors pull it a variety of directions since the start of the year....