Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Equinox in talks to merge with Ares SPAC; WeWork shares rise on first day of trading
Equinox, Owner of SoulCycle, Is In Merger Talks With Ares SPAC
Equinox, whose gyms are frequented by Wall Street staffers among others, is in talks to go public through a merger with Ares Acquisition Corp. (NYSE:AAC) after talks with one of Chamath Palihapitiya’s blank-check companies collapsed, according to Bloomberg.
Ares Acquisition raised $1 billion in its February IPO. It is backed by Ares Management Corp., an alternative asset manager. A co-founder of Ares Management, David Kaplan, is the SPAC’s co-chairman and chief executive officer.
READWeWork Shares Rise on First Day of Trading, Two Years After Failed IPO
WeWork (NYSE:WE) shares rose on its first day of trading Thursday, capping a journey to a listing that included the implosion of its IPO in 2019.
The shared-office company WeWork went public through a combination with BowX Acquisition Corp. Shares, trading under the name WeWork Inc., rose about 6% to $11 Thursday morning.
At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...