Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Transfix reports record first quarter results, Blockchain Coinvestors launches $200M fund, and Offerpad announces earnings
Transfix Reports Record First Quarter 2022 Results
Transfix, Inc., the Intelligent Freight Platform™, today announced record financial results for the first quarter of 2022.
Total revenue increased 50% from the first quarter of 2021, to $90 million and gross profit increased 28% from the first quarter of 2021, to $6.0 million. Adjusted gross profit increased 34% from the first quarter of 2021, to $6.6 million.
Early Wyre Backer Launches $200M Fund for ‘Mid-Growth’ Crypto
Blockchain Coinvestors, a blockchain investment firm with more than $450 million in assets under management (AUM), has launched a $200 million mid-stage growth fund providing exposure to emerging blockchain companies, a source close to the firm told CoinDesk.
The new “Blockchain Coinvestors VI (Mid Stage Growth)” will invest in 20 to 30 projects with “attractive return profiles and visible paths to liquidity,” according to the newsletter. The mid-stage nature of the funds means backing Series B, C and D funding rounds.
The firm also has a Nasdaq-listed SPAC called Blockchain Coinvestors Acquisition I (NASDAQ:BCSA) that’s targeting blockchain-enabled businesses. The SPAC raised $261 million in its November initial public offering.
READOfferpad Earnings Continue To Set Records
Offerpad (NYSE:OPAD), the digital platform for buying and selling homes, posted its “best quarter in company history,” Brian Bair, Offerpad Solutions Inc. chairman and CEO, said Wednesday evening during a conference call with analysts. Revenue in the first quarter totaled $1.37 billion, a 384% increase from the first quarter last year, and the company sold a record 3,602 homes in the quarter, a 254% increase from the 1,018 homes it sold a year earlier.
Offerpad went public via a publicly traded SPAC by merging with Supernova Partners Acquisition Co., owned by former Zillow CEO and co-founder Spencer Rascoff.
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Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....
1RT Acquisition Corp. (NASDAQ:ONCHU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ONCHU”, Wednesday, July 2, 2025. The new SPAC plans to target company in the digital asset ecosystem involved in the creation, storage, exchange or management of such assets, whether...
D. Boral ARC Acquisition II Corp. (NASDAQ:ARBCU) has filed for a $250 million SPAC to give underwriter D. Boral a second in-house SPAC to pursue deals with. The new SPAC offers investors a 1/2 warrant and an initial 18-month time frame to complete a deal. D. Boral II’s sponsor may automatically extend this once by...
Ribbon (NASDAQ:RIBB) has entered into a definitive agreement to combine with Japanese biotech firm DRC Medicine at a pro forma equity value of $422 million. Tokyo-based DRC Medicine manufactures reusable anti-bacterial and anti-allergen wearables and aims to go deeper into the medical device and pharmaceutical space. Transaction Overview Ribbon is expected to provide $50.4 million...