The Latest SPAC News and Rumors: July 26, 2021
by Marlena Haddad on 2021-07-26 at 11:32am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Canoo names former diplomat as its president, and Bloomberg Law reports law firms are cashing in on de-SPACs


Electric Car Startup Canoo Names Former Diplomat As President

Electric car startup Canoo Inc (NYSE:GOEV.O) on Monday named Josette Sheeran, a former diplomat, as its president.

Hennessy Capital Acquisition Corp. IV completed its $1.84 billion business combination with Canoo on December 21.

READ

The SPAC Explosion Dimmed But Law Firms Are Still Cashing Checks

SPACs are no longer raising record levels of new cash, but that’s OK with White & Case partner Joel Rubinstein. Bloomberg Law reported that Rubinstein is optimistic the summer vacations many capital markets lawyers missed out on a year ago might return this August.

While the wave of SPAC IPOs seems to have gone out as fast as it came, some Big Law capital markets attorneys have moved on to the more lucrative, second step in the SPAC process—advising blank check companies in their go-public acquisitions, known as “de-SPACs.”

READ

 

The Latest SPAC News and Rumors: July 26, 2021
Recent Posts
by Kristi Marvin on 2025-07-05 at 10:02am

Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...

by Nicholas Alan Clayton on 2025-07-03 at 12:54pm

Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...

by Nicholas Alan Clayton on 2025-07-03 at 8:27am

At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...

by Nicholas Alan Clayton on 2025-07-02 at 12:13pm

McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...

by Nicholas Alan Clayton on 2025-07-02 at 8:29am

At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved