Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: DWAC regains compliance with Nasdaq, White & Case amicably resolves dispute with Colonnade II, and Nikola’s CFO steps down
Trump-backed SPAC Digital World regains compliance with Nasdaq listing
Digital World Acquisition Corp (NASDAQ:DWAC), a blank-check firm that is to merge with former U.S. President Donald Trump’s social media platform, said on Wednesday it had been cleared by the Nasdaq over non-payment of certain dues.
“The company’s fee delinquency has been cured, and as a result the company has regained compliance with the applicable listing standard,” it said in an exchange filing, adding that a scheduled hearing next month related to the issue had been canceled.
READWhite & Case settles with SPAC after derailed $480M deal
Law firm White & Case has quickly ended a lawsuit seeking legal fees from a special purpose acquisition company whose plans for a $480 million merger fizzled.
White & Case, which last week sued former SPAC client Colonnade Acquisition Corp II and its directors in New York state court for more than $8.2 million, said in a Friday filing the parties “have amicably resolved their disputes.”
Nikola’s CFO Steps Down in Startups’ Latest High-Level Exit
Nikola Corp.’s (NASDAQ: NKLA) chief financial officer is stepping down next month in a shakeup of the zero-emission vehicle startup’s top ranks.
Kim Brady, who has been a source of stability amid managerial turmoil, will leave as finance chief at the Phoenix-based company on April 7 before departing later that month, the company said in a statement March 27. He has served as CFO since November 2017.
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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....