Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Forge Global soars first day of trading, and Firefly eyes SPAC deal
Blythe Masters SPAC Merger Sends Forge Global Stock Soaring
Forge Global Holdings Inc. (NYSE:FRGE) soared in the first day of trading after completing its tie-up with a blank-check company led by Blythe Masters, the former JPMorgan Chase & Co. executive who helped create credit default swaps.
Shares of the private-securities marketplace gained as much as 166% in Tuesday trading on the New York Stock Exchange. It’s the first session for Forge Global after it combined with Motive Capital Corp. Masters, who was Motive’s chief executive officer, will remain on the board of the combined entity.
READFresh Off Dramatic Majority Shareholder Exit, Firefly Could Be Headed for a SPAC
Firefly Aerospace’s roller coaster ride could soon send the rocket startup to the public market via a merger with a SPAC, a recent filing with the FCC suggests.
Aerospace private equity firm AE Industrial Partners (AEI) announced last month that it had reached an agreement to acquire a “significant stake” in Firefly after its largest shareholder, Ukrainian Max Polyakov, was forced to sell his shares over national security concerns. A recent FCC filing provides new details of the deal, including that it involves a special purpose acquisition vehicle.
READBuzzFeed Announces Staff Reduction as its Top Editors Resign
BuzzFeed (NASDAQ:BZFD) is cutting staff as its profits declined, CEO Jonah Peretti said in a conference call with analysts and investors March 22. Editor-in-Chief Mark Schoofs resigned along with two other senior editors.
Earnings before taxes and other costs fell 12 percent in the quarter ending Dec. 31 compared to the previous year, and perhaps more alarmingly for the company, time spent on the website fell 4 percent, BuzzFeed said in its quarterly earnings statement. The company projected earnings to decline in the first quarter of this year as well.
BuzzFeed went public in December through a special purpose acquisition company merger with 890 Fifth Avenue Partners. Some employees walked out on the day of the SPAC vote, protesting the company’s failure to accommodate the union’s wage negotiation demands.
READRenewable Propane Partnership for LanzaTech and SHV Energy
SHV Energy and LanzaTech today announced a new strategic partnership to employ LanzaTech’s Carbon Capture and Transformation technology to bring renewable propane and other sustainable fuels to the market via existing and novel pathways. The collaboration will be dedicated to further expanding LanzaTech’s existing CCT technology and synthetic biology platform which transform waste carbon into sustainable fuels and other materials such as fabrics, packaging, and other products.
AMCI II (NASDAQ:AMCI) entered into a definitive agreement to combine with sustainable materials-maker LanzaTech at an enterprise value of $1.82 billion earlier this month.
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Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...
M3-Brigade V (NASDAQ:MBAV) has entered into a definitive agreement to combine with crypto treasury firm ReserveOne, assembling about $1 billion in equity funding. ReserveOne is setting up a diversified Bitcoin and digital asset treasury with a portion of its investments going towards blockchain infrastructure and venture raises. The combined company is expected to trade on...
At the SPAC of Dawn As the SPAC market has warmed in 2025, only 21 of the 70 SPACs (30%) that have IPO’d thus far have overfunded their trusts to draw in investors and none of these funded to more than 101%. By contrast, 87% of 2023 SPACs were overfunded – some to as high...
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...