Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Schultze SPAC II in talks to merge with Point Blank Enterprises
Schultze SPAC Is in Talks to Merge With Body Armor Maker Point Blank Enterprises
Blank-check firm Schultze Special Purpose Acquisition Corp. II (NASDAQ:SAMA) is in talks to merge with Point Blank Enterprises Inc., a maker of body armor, holsters, shields and other ballistic protection products, according to people with knowledge of the matter.
Founded in 1973, Pompano Beach, Florida-based Point Blank Enterprises is backed by private equity firm JLL Partners. Led by Chief Executive Officer Daniel Gaston, the company provides products to clients including the US military, federal agencies and domestic and international law-enforcement professionals, according to its website.
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New Providence Acquisition Corp. III (NASDAQ:NPACU) announced the pricing of its $261 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NPACU”, Thursday, April 24, 2025. The new SPAC aims to combine with a consumer target that has the potential to generate attractive risk-adjusted returns. New Providence III’s...
Cantor Equity Partners Inc. (NASDAQ:CEP) has entered into a definitive agreement to combine with Twenty One Capital at an enterprise value of $3.6 billion, or 1x its future net asset value (NAV). Twenty One Capital aims to secure a sizeable Bitcoin holding and leverage it for financial services products as well as Bitcoin-focused media offerings....
Voyager (NASDAQ:VACH) has signed a definitive agreement to combine with biotech firm VERAXA at an enterprise value of $1.38 billion. Heidelberg, Germany-based VERAXA is developing cancer treatments with its most advanced candidate targeting acute myeloid leukemia (AML). The combined company is expected to trade on the Nasdaq under the symbol “VERX” once the deal is...
At the SPAC of Dawn SPACs announced two more business combinations and priced a IPO in the past 24 hours showing that activity is going to continue apace regardless of the present market volatility. Another major deal is rumored in the wind with Cantor Equity Partners I (NASDAQ:CEPO) reportedly nearing a major merger that would...
Texas Ventures Acquisition III Corp (NASDAQ:TVACU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TVACU”, Wednesday, April 23, 2025. The new SPAC’s primary search focus will be on industrial technology, specifically companies implementing advanced technologies including software, mobile and IoT applications,...