Roman DBDR II (NASDAQ:DRDB) has filed for a $200 million SPAC with serial sponsor terms just as the team’s first deal undergoes a transition with other SPAC personalities. This new vehicle has its trust overfunded to 100.5% with $10.05 per share in trust out the gate. It also has 1/2 warrants in its units with...
Ribbon Acquisition Corp. has filed for a $50 million SPAC with familiar terms to match its Asia-based team as it bumps underwriter Alliance Global Partners (AGP) up in the league tables. The terms include a trust funded to 100.0% with $10.00 per unit initially in the trust account and each of those units are to...
FACT II Acquisition Corp. has filed for a $175 million SPAC as underwriter Cohen & Company’s first new S-1 filing this month. The first SPAC in this series, Freedom I, drew headlines from the addition of former Credit Suisse CEO Tidjane Thiam as executive chairman. Thiam is not a part of this SPAC endeavor, but...
Newbury Street II (NASDAQ:NTWOU) has filed to raise $200 million to get a second deal search in motion as the team’s first combination in the Web 3.0 space approaches completion. That pending deal between Newbury Street (NASDAQ:NBST) and Infinite Reality is one of SPACland’s oldest, having been announced in December 2022. It has been through...
Mountain Lake (NASDAQ:MLACU) has filed for a $250 million IPO to become BTIG’s third SPAC on file since the start of the summer with a mandate for a broad target search. The new SPAC could have been named “Social Leverage II” as it is to be steered by CEO and Chairman Paul Grinberg and CFO...
Drugs Made In America (NASDAQ:DMAAU) has filed for a $500 million IPO, which would make it underwriter EF Hutton’s largest SPAC to date. The next largest SPAC in EF Hutton’s portfolio is half as large and this could mark a new aggressiveness by the underwriter as the SPAC market heats up this summer, although EF...
Plum IV (NASDAQ:PLMKU) has filed for a $200 million IPO to become underwriter Cohen & Company’s fourth SPAC filed in 2024. With this latest vehicle, Cohen has in fact now underwritten as many SPACs as a left lead in 2024 as it has in the 15 years before and it is developing a set of...
Shepherd Ave Capital Acquisition Corp. (Nasdaq: SPHAU) is the latest SPAC to file to IPO, making 24 new registration statements that have filed since June 1, 2024. So far, only two of those 24 have gone public, but it does indicate an active August. In SPACLand at least, August is never slow. As for Shepherd...
Launch Two (NASDAQ:LPBBU) has filed for a $200 million IPO that shows how the market has shifted for new issuance since its sister SPAC Launch One (NASDAQ:LPAAU) filed just over a month ago. Both SPACs are underwritten by Cantor Fitzgerald and seeking nominally the same raise at IPO, but Launch Two is overfunding its trust...
Vine Hill Capital Investment Corp. (NASDAQ:ESPAU) has filed for a $200 million IPO, which marks underwriter Stifel Nicolaus’ return to the SPAC market after a hiatus of over two years. Stifel last served as a book-runner for a SPAC when filing for Kensington Capital IV in January 2022 and hasn’t acted as left-lead since Spree...