Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Martin Franklin launches London IPO, Momentis to lay off 60% of its employees, and Freightos unveils Freightos Terminal
Blank-Check Pioneer Martin Franklin Launches London IPO
Serial dealmaker Martin E. Franklin, who warned of excesses in blank-check companies last year, is raising money for a new buyout company.
Admiral Acquisition Ltd. is selling units at $10 each on the London Stock Exchange, according to terms seen by Bloomberg. The sponsor is Mariposa Capital, a Miami-based family office owned by Franklin. The offering, which will be at least $500 million, will raise funds for an acquisition, with no limit on the geography or industry of the target.
READSurgical robotics startup Momentis cutting 60% of team one year after $1 billion SPAC fell through
Freightos Terminal Launches Today With Industry-Leading Market Intelligence Data and Insights to Keep International Supply Chains Moving
Today, Freightos® (NASDAQ: CRGO), a leading freight booking and payment platform, unveiled Freightos Terminal, a one-stop dashboard that provides industry stakeholders with the data and market updates, trends and insights that they need to stay informed. This allows logistics professionals to optimize their international shipping and keep supply chains running smoothly and cost-effectively in an uncertain world.
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Tracking SPACs and all of their various types of “corporate actions” can be challenging. After all, a SPAC can postpone, adjourn, extend, complete, liquidate early, do a tender offer, and in some cases, one SPAC do all of those actions within its lifespan. Naturally, this can be challenging to manage. More importantly, it can very...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Byju skips payment on dollar loan and HNR affirms intent to purchase equity interests of Pogo Resources High-Flying Indian Startup Byju’s Skips Payment on Dollar Loan One of India’s best-known startups has skipped payment...
Avalon Acquisition Inc. (NASDAQ:AVAC) announced in an 8-K this morning that it has entered into a prepaid forward purchase agreement with RiverNorth SPAC Arbitrage Fund, the purchaser, as it works to close its combination with financial services firm The Beneficient Company, or Ben. As part of the agreement, RiverNorth agreed to effect certain purchases of shares...
Blue Ocean (NASDAQ:BOCN) has entered into a definitive agreement to combine with digital media company TNL Mediagene at a pre-money enterprise value of $275 million. TNL Mediagene holds the Japanese licenses for a number digital media properties as well as Taipei-based The News Lens. The combined company Is expected to trade on the Nasdaq once...
Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 9. The SPAC plans to use this time to further engage with its shareholders as the ballot includes a variety of additional...