SPACs in the News
2024-02-23 at 1:37pm

News and Rumors JD Supra: Securities class action lawsuits against SPACs and de-SPACs increased only slightly in 2023 with 27 after 2022 saw 24 and 2021 – 33. Lawsuits concerning the de-SPACing process itself dropped precipitously, however, representing just 21% of cases as compared to 69% in the previous two years and 80% in 2020....

2024-02-23 at 7:39am

At the SPAC of Dawn SPACs have officially landed on the Moon. Despite a few last-minute delays and minor malfunctions, Intuitive Machines’ (NASDAQ:LUNR) Odysseus lander made the first soft landing on the Moon since 1972 and the first ever by a commercial enterprise. Three other private missions to the moon have failed in recent years...

2024-02-22 at 1:32pm

News and Rumors CityWire: A subsidiary of Allianz (DE:ALV) and Constellation Wealth Capital have signed on to invest $400 million in asset management firm AlTi Global (NASDAQ:ALTI), purchasing a combination of ordinary shares and Series A convertible preferred stock. AlTi is up 21% in midday trading on the news. It combined with Cartesian Growth in...

2024-02-22 at 7:43am

At the SPAC of Dawn Once upon a time, Lucid (NASDAQ:LCID) and its SPAC partner Churchill IV, were the darlings of retail investors and meme stock traders, but a new de-SPAC has emerged with promises of zooming investors to the moon. Intuitive Machines (NASDAQ:LUNR), which combined with Inflection Point in February 2023, today aims to...

2024-02-21 at 1:32pm

News and Rumors PR: Joby (NYSE:JOBY) has become the first eVTOL developer to complete the third of five stages for the Federal Aviation Administration’s (FAA) type certification process. Earlier this month it received the FAA’s Part 145 maintenance certificate laying the foundation for future repair services of its aircraft models. Joby combined with Reinvent Technology...

2024-02-21 at 7:53am

At the SPAC of Dawn PHP Ventures (NASDAQ:PPHP) provided an update this morning on its combination with modular construction firm Modulex in the form of a refreshed investor presentation. The parties have been quiet on the news front since they announced the combination over a year ago in December 2022, but a few key facts...

2024-02-20 at 1:31pm

Deals and Funding Power & Digital (NASDAQ:XPDB) has secured a $10 million investment from Rice Investment Group into its combination with HVAC technology firm Montana under undisclosed terms. two (NYSE:TWOA) has secured a $15 million PIPE at $10 per share for its combination with LatAm Logistic Properties. News and Rumors PR: Adtech firm Banzai International...

2024-02-20 at 7:39am

At the SPAC of Dawn SPAC filings have had a relatively slow start out of the gate from the long weekend, but this week should end with some fireworks with six completion votes yet to come and a lunar landing to boot. Three of these votes have been postponed at least once already, so the...

2024-02-16 at 1:36pm

It may be a photo finish for top SPAC underwriter in 2024 if SPACInsider‘s readers are correct. In this week’s Let’s Settle This poll, respondents were split with equal numbers predicting Cantor or EF Hutton to price the most SPAC IPOs by year’s end. A roughly equal number of respondents predicted six other underwriters could...

2024-02-16 at 7:49am

At the SPAC of Dawn A great number of SPACs entered 2024 in a sense of drift with many attempting to carry combinations to close that had been pending for a year or more and uncertainty loomed with SEC and Fed decisions still in the air. But, the SPAC market has undeniably begun waking from...

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