Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Donald Trump values his nascent media company at less than $30 million, a stark discount to the more than $1 billion valuation implied by investors who piled into the blank check that’s hoping to bring the firm public.
The former president said Trump Media & Technology Group Corp., which is going public through a SPAC merger with Digital World Acquisition Corp.(NASDAQ:DWAC), is worth $5 million to $25 million, according to a financial disclosure filed late Friday with the Federal Election Commission.
READFormer Representative and Truth Social CEO, Devin Nunes calls out SEC Chairman Gary Gensler for slow walking the approval that’s still needed for the Truth Social SPAC deal: “You have three people that are clearly involved in this transaction, or non-transaction, trying to basically kill our ability to have access to the public markets.”
READDominic Perks has left Hambro Perks, the VC firm he co-founded a decade ago. The company confirmed to Investment Week Perks is no longer working at the business, but no reason for his exit was provided,
Hambro Perk’s special purpose acquisition company HPAC told investors on 14 April Perks had resigned as a director with immediate effect.
HPAC was London’s first SPAC, launched in November 2021, following the UK government’s removal of trading suspensions on SPACs after they confirmed a deal.
READLakeview RNG, a wholly owned subsidiary of NEXT Renewable Fuels (“NEXT”), has acquired assets associated with the Red Rock Biofuels development in Lake County, OR effective Friday, April 14, 2023. Lakeview RNG is commencing a redevelopment plan focused on completing construction of certain aspects of the site while replacing or enhancing others. When complete, the Lakeview RNG facility is expected to be capable of converting forest waste into renewable natural gas (“RNG”) and clean hydrogen.
NEXT announced its $530 million business combination with Industrial Tech II (NASDAQ:ITAQ) in November 2022.
READFG Merger Corp. (NASDAQ:FGMC) provides retail investors access to a security that has historically only been available to institutions. Retail investors will be able to invest in a publicly-traded company with a unique asymmetric structure, and they’ll be able to do that straight through their regular brokerage accounts.
READ
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
