Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Martin Franklin makes offer to acquire Whole Earth Brands and Lucid to power Aston Martin’s future EVs
Franklin Eyes Buyout of Whole Earth Brands in $169 Million Deal
Whole Earth Brands Inc.’s (NASDAQ:FREE) largest shareholder, Martin Franklin, has made an offer to acquire the rest of the company.
The serial dealmaker submitted a non-binding proposal of $4 per share in cash for the health food company, according to a regulatory filing Monday. That represents a 28% premium to Whole Earth Brands’s last closing price.
Whole Earth Brands went public in 2020 through a merger with a blank-check firm during the boom in special purpose acquisition companies, or SPACs.
READAston Martin Cuts Deal With Lucid For EV Tech
Aston Martin has reached a deal that will see it giving a 3.7 stake in the company to US electric vehicle firm Lucid (NASDAQ:LCID) in return for access to its technology as it seeks to begin making “ultra-luxury high-performance electric vehicles” from 2025.
The deal is to see the British firm making cash payments and issuing 28.4 million new ordinary shares to Lucid, together worth about £182m.
US EV maker Lucid, which makes luxury Air sedans, listed on the Nasdaq in February of last year via a merger with a SPAC.
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Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
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....