The world has a long way to go to meet climate goals, especially airlines. There is currently no alternative to jet fuel-powered passenger planes on the horizon, which puts the focus on sustainable aviation fuel, or SAF.
This week, we speak with Mihir Dange, CEO of XCF Global and Wray Thorn, co-CEO of Focus Impact BH3 Acquisition Company (NASDAQ:BHAC). The two signed a $1.8 billion combination in March and aim to create one of the only pureplay SAF producers on the public markets.
XCF is in the process of converting existing diesel facilities to produce SAF and Mihir explains why this approach is key to bringing production online faster.
Wray also lays out the financial case for backing SAF production and how a SPAC deal plays into XCF’s future funding mix.
Cayson Acquisition Corp. announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CAPNU”, Friday, September 20, 2024. The new SPAC intends to focus its search on Asian businesses, but does not expect to combine with a Chinese variable interest entity (VIE). Cayson’s...
At the SPAC of Dawn The Fed’s surprisingly aggressive decision to cut rates by 50 basis points yesterday gave a big boost to several SPACs and de-SPACs, many of which had endured a long slump while uncertainty over the coming interest rate climate reigned. None had a better day on paper than digital transformation firm...
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...
At the SPAC of Dawn Christmas Day has finally arrived for SPAC watchers pining for a rate cut. The only question is how many basis point presents will they find under the tree when Fed Chair Jerome Powell takes the podium at 2 pm ET today. This is far from the only economic indicator set...
YHN Acquisition I Limited announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YHNAU”, Wednesday, September 18, 2024. The new SPAC’s search will not be limited to a particular industry or geographic location, but the sponsors intend to target companies with a...