Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Post-SPAC space firms redoubling efforts to attract institutional investor
Three space companies that went public two years ago are seeking ways to build credibility with large institutional investors that have started dipping toes into the deflated market.
Launch vehicle and spacecraft developer Rocket Lab, space technology provider Redwire, and Earth observation operator BlackSky started trading shares within weeks of each other after their 2021 merger with a special purpose acquisition company (SPAC), a financial tool offering a fast-track to stock markets. […]
Redwire’s Baliff also highlighted current confusion among investors over which companies will survive the downturn and those with business models that work.
Generally, if a company listed at $10 and is now trading at $5, “you’re kind of viewed as a survivor,” he said, “you’re going to make it. If you’re below $1 … it’s teetering on investors being able to just give you any capital, and between one and five, you know, it just depends on the day.”
READVista Equity Reportedly Shopping Genius Sports Competitor
Citing unidentified sources with knowledge of the matter, Bloomberg reported the news earlier Thursday. It’s not clear what Vista Equity’s timeline is for divesting Stats Perform nor were potential suitors or sales prices mentioned. The company uses artificial intelligence (AI) and other technologies to provide sports-related data to media and gaming companies, among other clients.
Vista acquired Stats in 2014 from FOX Sports and the Associated Press. It was merged with Perform in 2019 after Texas-based Vista invested in DAZN. Through that deal, the buyer gained access to Opta, RunningBall and Watch&Bet.
Competitors include Genius Sports (NYSE:GENI) and Sportradar (NASDAQ:SRAD), which have market values of $1.25 billion and $3.20 billion, respectively. It remains to be seen if that range provides some template for Stats Perform’s ultimate sale price. Genius Sports went public in a merger with dMY II in April 2021.
READ
Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...
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....