Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Tanzanian entrepreneur plans $4 billion agriculture investment via SPAC, Elizabeth Warren backs SEC’s tougher SPAC plan, and TMTG unveils new features on Truth Social
Tanzanian entrepreneur Dewji plans $2-4 billion grains production investment via SPAC
The head of one of Tanzania’s biggest firms, Mohammed Dewji, said he plans to float an agriculture company worth up to $4 billion in New York or London next year, with money raised mainly from development banks.
Russia’s invasion of Ukraine in February sent global grain and fertiliser prices soaring, though they have retreated in recent weeks. Inflation has subsequently risen in many African countries.
He said he aimed to structure the venture, for which he has yet to secure land, as a SPAC and would himself put up $400 million as 10% to 20% of total funding.
READElizabeth Warren Backs SEC’s Tougher SPAC Plan to Curb ‘Scams and Fraud’
Elizabeth Warren is coming out in support of the US Securities and Exchange Commission’s proposed rules to regulate blank-check companies, urging more protections for individual investors who can fall prey to Wall Street.
In a letter to SEC Chair Gary Gensler on Friday, the Massachusetts senator said she backed the agency’s proposals for SPACs, “which will level the playing field for retail investors and prevent Wall Street insiders from perpetuating scams and fraud to line their own pockets.”
READTMTG Unveils New Features on Truth Social
Today, Trump Media & Technology Group (“TMTG”), led by its Chairman Donald J. Trump and CEO Devin Nunes, unveiled significant new features on its free-speech social media platform Truth Social, rapidly delivering another major upgrade for its users.
To provide users with a superior social media experience that augments Truth Social’s chronological feed, today’s update include a Profile Carousel atop the Truth Social feed swiftly connects users directly to the feeds of some of the most popular and active accounts they follow, a Suggested Profiles Carousel is interspersed throughout the feeds, helping users discover new and interesting accounts, and more.
Digital World (NASDAQ:DWAC) entered into a definitive agreement to combine with Trump Media and Technology Group last year on October 21.
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At the SPAC of Dawn During a week in which rare earth mining and space de-SPACs have seen major gains, another blast from the past is making serious waves in the market. EV battery developer QuantumScape (NYSE:QS) rose to a 52-week high of $13.79 yesterday and is cruising even higher in the pre-market. The company...
Cantor Equity Partners I (NASDAQ:CEPO) has entered into a definitive agreement to combine with Bitcoin Standard Treasury in a transaction that is worth about $4.8 billion. Bitcoin Standard Treasury aims to bring in capital from a number of equity instruments to build up one of the largest US-listed Bitcoin treasuries. The combined company is expected...
At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...