AI Infrastructure (NASDAQ:AIIAU) has filed for a $100 million IPO to be the latest crossover of a team from being a SPAC target to a SPAC sponsor. This SPAC offers investors one right to a 1/5 share in each unit and a potential first redemption opportunity at 18 months. The SPAC may automatically extend this...
At the SPAC of Dawn This week has been partially defined by market reactions to the core PPI inflation numbers that came out yesterday, but today’s session will receive fresh inputs on US retail, manufacturing and industrial production figures. SPACs also have to contend with public market reactions to new issuance that has not been...
Viking Acquisition Corp. I (NASDAQ:VACIU) has filed for a $200 million SPAC with strong terms led by international Deutsche Bank alumni. We are only halfway through the month of August, but teams have already filed S-1s for 12 new SPACs, matching July’s total. Cohen & Company has largely been the engine for this surge as...
Bleichroeder I (NASDAQ:BACQ) has entered into a definitive agreement to combine with defense contractor Merlin Labs at a pro forma enterprise value of $1 billion. Merlin is developing the technology for autonomously piloting aircraft in defense and civil applications. The combined company is expected to trade on the Nasdaq once the deal is completed in...
At the SPAC of Dawn It is only halfway through the month of August, but teams have already filed S-1s for 12 new SPACs, matching the total for all of July. Underwriter Cohen & Company has been responsible for half of this flow and four of its flock were rolled out just this week. This...
Tailwind 2.0 (NASDAQ:TDWDU) has filed for a $150 million SPAC to turn over a new leaf in its ongoing SPAC series. If the naming convention around Tailwind 2.0 seems strange, it is not without purpose. This is neither the second nor the third Tailwind SPAC. It is technically the fourth. The first Tailwind SPAC had...
Dynamix III (NASDAQ:DNMXU) has filed for a $150 million SPAC to accelerate the work of a new serial sponsor that is currently working to close the team’s buzzy second deal. Fresh off of a well-received deal announcement by its predecessor, Dynamix (NASDAQ:DYNX), this new SPAC is running it back with nearly identical terms. It is...
At the SPAC of Dawn What’s in a name? Apparently quite a lot. While many companies use SPAC transactions as a means of launching a rebirth, many have also taken the chance for a re-rebirth once public. This week, saw a raft of de-SPACs change their names to either move in a radically different direction...
Apex Treasury (NASDAQ:APXTU) has filed for a $250 million SPAC to bring another fresh team to the fold with some SPAC experience tucked away in its Board. The SPAC’s name would seem to tip its hand on what type of deal this team will attempt to assemble. But, the S-1 notes that a blockchain, digital...
GigCapital8 (NASDAQ:LBKXU) has filed for a $220 million SPAC to extend its series with what would be its second-largest vehicle raised to date. Among serial sponsors, the GigCapital team has been in the game longer than most, having IPO’d its first two SPACs, GigCapital and GigCapital2, back in 2017 and 2019 before the 2020 boom....