At the SPAC of Dawn The rebound of the growth companies that made up the SPAC class of 2021 has been one of the bigger stories of second half of 2024, but not all of the de-SPACs are feeling the love equally. Instead, in many new sectors that hit the public markets together as a...
At the SPAC of Dawn As the market goes through a cooling period this week, new readouts for jobless claims and new home sales are set to hit later today. Jobless claims are of course something of a proxy indicator for SPACs as to when the Fed might continue to its rate-cutting process, while home...
At the SPAC of Dawn Pioneering an entirely new type of aircraft is necessarily a process fraught with turbulence, but eVTOL makers got a major lift Tuesday as the Federal Aviation Administration published its final ruling on “powered-lift” vehicles. This rule brings much needed clarity to the agency’s requirements for pilot training and operations and...
At the SPAC of Dawn With one new entry in each of the SPAC deal, IPO and new S-1 filing columns, there are revived hopes that the market will regain the pace it had set in August and September. Aldel Financial II Inc.‘s (NASDAQ:ALDFU) IPO slated for today is October’s fourth after September turned out...
At the SPAC of Dawn The SPAC market is rumbling back to life after a quiet stretch through the month’s Jewish holidays. Fresh off of a name change, Investcorp AI (NASDAQ:IVCA) announced the month’s second business combination this morning, advancing a letter of intent it first announced on October 2 to a definitive agreement. The...
At the SPAC of Dawn This week comes to an end with Clover Leaf‘s (OTC:CLOE) latest attempt to complete its combination with ticketing marketplace Kustom Entertainment after having postponed the vote eight times already dating back to August. One would think that the company’s upcoming transaction deadline on Tuesday, October 22 would provide something of...
At the SPAC of Dawn The commercial space race has been heating up on a number of fronts in 2024. SpaceX successfully landed its reusable Starship heavy booster rocket this week in an advancement that could open the door to more frequent and much cheaper large space missions. Already, SpaceX’s market share of launches had...
At the SPAC of Dawn With just weeks to go before the US presidential elections, SPACInsider will be examining many of the potential shifts in policy that could have implications for SPACs depending on the results. Another potential post-election shift could come at the SEC, where current Chairman Garry Gensler appears likely to stay on...
At the SPAC of Dawn Trump Media (NASDAQ:DJT) is back on a tear, rising +18.5% in yesterday’s trading and a further +8% in the pre-market. This brings it above $32 for the first time since July and could reflect optimism about Donald Trump’s presidential bid, enthusiasm for the company’s new web-streaming Truth+ TV service (see...
At the SPAC of Dawn Today kicks off with an SEC holiday that may cool activity until Tuesday, but SPACs have still scheduled a pair of extension votes and completion votes this week, most of which are scheduled for tomorrow. Tuesday is also to play host to a vote for Investcorp India (NASDAQ:IVCA) shareholders to...