May 2024 is turning into the “Month of Serial Sponsors” with two IPOs already priced from repeat teams (Churchill IX and GP-Act III) and a third from the RF II team on deck. And today, we have another serial sponsor team filing for a new offering with the addition of Chenghe Acquisition II Co. (CHEB.U)....
YHN I (NASDAQ:DTSQU) has filed for a $60 million IPO today and brought with it a number of questions, chief among them: who is their underwriter? This is the first entry into SPAC underwriting for Lucid Capital Markets, a firm that does not appear to have a web presence or much of an existing reputation...
DT Cloud Star (NASDAQ:DTSQU) filed an S-1 to raise $60 million as the second SPAC by its sponsor team, but this venture would be the 13th foray by underwriter Alliance Global Partners and the first under its new branding as AGP. However, three of those initial filings have subsequently been withdrawn. Nonetheless, AGP is offering...
The SPAC boom of 2020-2021 brought the asset class into sectors they had never entered before and that had generated few if any public companies of any kind. Space was one of these, but it appeared to be a passing fascination as soon as macro financial winds changed. That could be about to change once...
They say timing is everything and at the end of a week punctuated by two successful traditional IPOs from Astera and Reddit, the sponsor team that announced the CCIV/Lucid deal at the absolute peak of the capital markets insanity that was Q1-2021 dropped their latest new SPAC – Churchill Capital Corp. IX. Is this a...
Eureka Acquisition Corp. has filed for a $50 million SPAC with Maxim Group that features another China-focused team, but unlike this week’s other new S-1, leaves the door open to a transaction with a Chinese company. In fact, Eureka’s sponsor notes that due its team’s location in and ties to China, it may have a...
RF Acquisition Corp. II (NASDAQ:RFAI) filed for a SPAC IPO this morning with the goal of raising $100 million to search for businesses in Asia within the deep technology sector. This focus can include artificial intelligence, quantum computing, and biotechnology, but makes sure to state they will not combine with any entities or businesses within...
Black Hawk Acquisition Corporation (NASDAQ:BKHA) is vying to be the latest EF Hutton-underwritten SPAC with the goal of raising $60 million to pursue a broad target search reflective of the varied experience of its team. That $60 million target would roughly match the size of EF Hutton’s last nine SPAC IPO’s since the start of...
Helix Acquisition Corp. II (NASDAQ:HLXB) filed for a $100 million IPO yesterday afternoon and has set its sights on the biotechnology sector. As the second SPAC to file this year, Helix II is putting a vote of confidence towards biotech, reinforced by the fact that the US spends $4.5 trillion on health expenses annually, and...
Love & Health Limited (NASDAQ:LLLLU) filed for a $50 million IPO yesterday, marking the first SPAC to file for an IPO in 2024, as well as the first to build in a total of 24 months of auto-extensions. The new company intends to focus on businesses in fintech, financial services, business services, technology, consumer goods...