The Rumors are True: Spartan Energy Files with Apollo as Sponsor, Underwriter & Forward Purchaser
by Kristi Marvin on 2018-07-20 at 6:49pm

Spartan Energy Files for $400 Million SPAC Backed by Apollo 

Breaking news:  Spartan Energy Acquisition Corp. files for a $400 million SPAC, backed by Apollo as Sponsor, Underwriter and Forward Purchaser. Plus, Citigroup is back in the game for 2018 with another energy SPAC, and back in a big way on the left of the cover.

I’m currently going through the filing and will report back with details as soon as I’ve had a chance to read through the entire document.  However, there were two other filings tonight as well:  Tenzing Acquisition Corp. (profile here) and Megalith Financial Acquisition Corp. (profile here). The Megalith name is…questionable…and frankly, reminds me of a certain Michael Bay movie.  Next up, the Optimus Prime SPAC?

All told, three new SPACs on a Friday evening jibes right with my predictions….late July filings to tee up the fall calendar.  Expect more in the next two weeks.

Stay tuned for more details.

Recent Posts
by Nicholas Alan Clayton on 2024-03-28 at 1:35pm

News and Rumors PR: Bannix (NASDAQ:BNIX) has provided more information on the combination with VisionWave that it announced yesterday, specifying that the imaging technology that VisionWave will acquire from GBT Technologies will primarily seek out applications in military combat scenarios and geological surveys. PR: Grove Collaborative (NYSE:GROV), which combined with Virgin Group II in June...

by Nicholas Alan Clayton on 2024-03-28 at 7:47am

At the SPAC of Dawn Fed Chair Jerome Powell has given new hints that the administration would be showing greater levels of comfort with inflation if a cut could help improve unemployment numbers. Those numbers could get an update today at 8:30 am ET to bring new jobless claims as well as final prices for...

by Nicholas Alan Clayton on 2024-03-27 at 1:31pm

News and Rumors CNBC: Former WeWork (OTC Pink:WEWKQ) founder Adam Neumann has offered to buy back control of the company for $500 million but has yet to secure the necessary financing. WeWork went public with BowX in October 2021. PR: Satellite telecom firm Spire Global (NYSE:SPIR) has signed an agreement to build and launch two...

by Nicholas Alan Clayton on 2024-03-27 at 11:38am

Bannix (NASDAQ:BNIX) has entered into a definitive agreement to combine with VisionWave Technologies for $30 million. The combined company is expected to trade on the Nasdaq once the deal is completed with an initial outside date of September 14. Transaction Overview Bannix has about $17 million in its trust after seeing 77.4% of its shares...

by Nicholas Alan Clayton on 2024-03-27 at 7:33am

At the SPAC of Dawn Much of the attention yesterday was on tracking the swings of the newly-completed Trump Media (NASDAQ:DJT) deal with the FT going as far to suggest it may “make SPACs great again.” Not all of the day’s data points were on the positive side of the ledger, however. IB Acquisition Corp....

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved