Sentinel Energy Services announced this morning it has mutually terminated its transaction agreement with Strike Capital, LLC. The reason cited being market conditions.
The Energy sector has had a tough go of it since the Fall, so this announcement is somewhat unsurprising. The reality is, in order for the combination with Strike to make sense, Sentinel would have needed to re-price the deal and Strike probably wasn’t willing to do that. However, both sides are being smart by walking away rather than trying to push this transaction through, like Reebonz or Phunware.
The good news is, Sentinel still has until November 2019 to find a new target. That’s a solid nine months away. Let’s hope Sentinel comes back with a winner.
TLGY (OTC:TLGYF) has entered into a definitive agreement to combine with crypto treasury firm StablecoinX at a pro forma $393.6 million equity value. StablecoinX aims to build a sizeable holding of the stablecoin Ethena to gain appreciation on its potential broadening adoption and growth. The combined company is expected to trade on the Nasdaq under...
Dynamix (NASDAQ:DYNX) has signed a definitive agreement to combine with crypto treasury firm The Ether Machine in a deal that is expected to deliver about $1.7 billion in gross proceeds. The Ether Machine aims to use proceeds from the business combination to buy the largest listed position in Ethereum and make continued transactions based on...
Cantor Equity Partners IV Inc. (NASDAQ:CEPF) has filed for a $400 million SPAC to extend the team’s already extraordinary 2025 run. Like the other SPACs in this series, Cantor Equity IV will sell only shares in its offering and its trust will not be overfunded. Ordinarily, this would leave little for SPAC investors to be...
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Terms Tracker for the Week Ending July 18, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Three more SPACs priced this week, bringing July’s IPO total to 11 with two more weeks in the month still to go. With that pace,...