Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Nanosys in talks to merge with GigInternational1, blank-check firms turn to expensive sources of financing
Nanosys Is in Talks to Go Public Via GigInternational1 SPAC
Quantum-dot technology developer Nanosys Inc. is in talks to go public through a merger with blank-check firm GigInternational1 Inc., according to Bloomberg.
A transaction is set to value the combined entity at about $1 billion.
READSPACs Forced to Fund Deals With More Expensive Financing
SPACs are turning to expensive sources of financing to push their deals in a fresh sign of stress in what had been one of the hottest corners of Wall Street, according to the Financial Times. Several companies that recently announced plans to go public through merging with a blank-check company have recently raised cash to fund the deals by issuing convertible bonds.
“The PIPE market has basically been shut so it isn’t surprising that you’re seeing these types of structures,” said a senior bank executive who works on financing for SPAC deals. “But, it’s a last resort.”
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Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...
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....