Spartan Energy Files for $400 Million SPAC Backed by Apollo
Breaking news: Spartan Energy Acquisition Corp. files for a $400 million SPAC, backed by Apollo as Sponsor, Underwriter and Forward Purchaser. Plus, Citigroup is back in the game for 2018 with another energy SPAC, and back in a big way on the left of the cover.
I’m currently going through the filing and will report back with details as soon as I’ve had a chance to read through the entire document. However, there were two other filings tonight as well: Tenzing Acquisition Corp. (profile here) and Megalith Financial Acquisition Corp. (profile here). The Megalith name is…questionable…and frankly, reminds me of a certain Michael Bay movie. Next up, the Optimus Prime SPAC?
All told, three new SPACs on a Friday evening jibes right with my predictions….late July filings to tee up the fall calendar. Expect more in the next two weeks.
Stay tuned for more details.
Terms Tracker for the Week Ending March 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. While this week was relatively quiet on the filings front, we did see March’s second SPAC IPO price with Oak Woods Acquisition Corp’s $50 million...
Latest Non-Redemption Agreements: ExcelFin Acquisition Corp. ExcelFin Acquisition Corp. (XFIN) Adds Non-Redemption Agreement In connection with the special meeting of stockholders of ExcelFin Acquisition Corp. (NASDAQ:XFIN) to extend its completion deadline from April 25, 2023 to October 25, 2023, the company and its sponsor, ExcelFin SPAC LLC, entered into a non-redemption agreement with an unaffiliated third party....
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Momentus SPAC backers accused of deliberately engineering a catastrophic deal Momentus SPAC Backers Accused of Hiding Disastrous Deal’s Flaws A Momentus Inc. (NASDAQ:MNTS) investor sued backers of its blank-check merger with a shell company,...
DiamondHead Holdings Corp. (NASDAQ:DHHC) announced in an 8-K this morning that its shareholders approved its combination with Great Southern Homes at a special meeting March 23. Only 109,426 shares were redeemed in the connection with the vote, but DiamondHead has seen about 87% redemptions in total across all previous votes, leaving it with about $43.9...
Graf Acquisition Corp. IV (NYSE:GFOR) announced that it has signed a non-binding letter of intent to combine with clinical-stage biopharma company NKGen. This announcement is not a pure teaser as Graf IV is not facing an imminent extension vote and currently has until May 25 on its clock. It does, however, signal something of a...