Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Shares in Better claw back some lost ground, Ashington to acquire heart failure innovator Calon, and Logiq sees revenue growth ahead of merger
SoftBank-backed mortgage lender Better steady after bleak debut
Shares in Better Home & Finance Holding (NASDAQ:BETR) clawed back some lost ground in early trading on Friday, after the online mortgage lender plunged in a dismal debut a day earlier following a merger with a blank-check company.
The company’s shares climbed 7% to $1.23 by 09:40 a.m. ET on Friday. They had finished Thursday’s session down 93.4%.
Better planned to go public via a $6 billion special-purpose acquisition company merger with Aurora Acquisition Corp in 2021, but delayed the deal amid a U.S. Securities and Exchange Commission inquiry and multiple rounds of layoffs.
Ashington to acquire heart failure innovator Calon
London-listed Ashington Innovation PLC (LSE:ASHI) has entered a non-binding agreement to acquire 100% of the outstanding shares in Calon Cardio-Technology Limited, contingent upon the successful reverse takeover of Cell Therapy Limited (trading as Celixir) announced on 19 August.
Calon is a UK-based medical device company at the forefront of developing the Left Ventricular Assist Device (LVAD), a trademarked implantable heart pump known as Mini-VAD.
Ashington is a SPAC formed to acquire businesses in the wider technology sector.
Logiq sees revenue growth ahead of SPAC merger; eyes expansion and M&A opportunities
Logiq Inc. (NEO:LGIQ.AQN, OTCQX:LGIQ) reported a sizable increase in 2Q revenue ahead of its pending merger with ABRI SPAC I Inc. (NASDAQ:ASPA).
The New York-based firm reported revenue of approximately $4.86 million, a sequential increase of 37% and 47% higher compared to the same period in the previous year.
One key highlight was the transition of a major consumer product client, signed in November 2022, to Logiq’s programmatic advertising platform, which is expected to generate high-margin revenues, contingent upon a listing on a senior stock exchange.


Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...
M3-Brigade V (NASDAQ:MBAV) has entered into a definitive agreement to combine with crypto treasury firm ReserveOne, assembling about $1 billion in equity funding. ReserveOne is setting up a diversified Bitcoin and digital asset treasury with a portion of its investments going towards blockchain infrastructure and venture raises. The combined company is expected to trade on...
At the SPAC of Dawn As the SPAC market has warmed in 2025, only 21 of the 70 SPACs (30%) that have IPO’d thus far have overfunded their trusts to draw in investors and none of these funded to more than 101%. By contrast, 87% of 2023 SPACs were overfunded – some to as high...
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...