Looking Ahead to August and the Fall Calendar…
In keeping with the pattern we’ve been seeing in July – busy Mondays, slow mid-week, capped off with new filings late Friday afternoon – what are the odds we see some new SPAC registration statements filed post-close today?
Chances are better than average. We are hearing from multiple sources that the deal calendar could get quite heavy come September and October with a number of deals that have yet to file, but are slated for the Fall. Plus, we’re nearing “August vacation season”, so it would be advantageous to get through the SEC comment period now, to launch a roadshow post-Labor Day. I will be watching the filings closely tonight and maybe we’ll get a surprise Chinh Chu deal to discuss.
However, where are all the business combination announcements?? There are currently 13 SPACs, representing $2.5 billion gross proceeds in trust, that have six months or less to complete. Plus, there are another 10 SPACs with 12 months or less and they represent another $2.6 billion held in trust. But six months or less is cutting it close. In fact, of those 13 SPACs, nine of them have less than four months to complete!
Taking all that into consideration, August “should” be combo season, with an emphasis on “should”. If not, it means we’re most likely looking at quite a few completion-extension shareholder votes this Fall. The next two weeks will be very telling, so let’s see how it shakes out.
As a reminder, any new SPAC filings will show up on the Latest News Page under the S-1 column, so you can check back this afternoon to see if anything pops up.
EGH Acquisition Corp. (NASDAQ:EGHAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EGHAU”, Friday, May 8, 2025. The new SPAC aims to combine with a target company in the energy transition or sustainability arena that help industries achieve efficiencies and decarbonization....
At the SPAC of Dawn Fed Chair Jerome Powell announced yesterday that the body intends to keep rates unchanged, earning him the moniker “FOOL” by US President Donald Trump. But, the announcement could bring some stability to market, which has seen macro factors pull it a variety of directions since the start of the year....
Tariffs, Trade Routes, and Tech: Freightos’ View from the Cargo Frontlines 2025 is shaping up to be a wild year for global trade, and few companies have a vantage point on the impacts of every-changing tariff policy quite like digital cargo-booking platform Freightos (NASDAQ:CRGO). This week, we catch up with Freightos CEO Zvi Schreiber. He shares...
NMP (NASDAQ:NMPU) has filed for a $100 million SPAC to conduct a broad search for a target, leveraging its team’s past consultancy work. The new SPAC’s units are set to contain one right to a 1/5 share. That is more generous to investors than the unit structure for Maxim Group’s other new SPAC filing this...
At the SPAC of Dawn Futures are green ahead of the Fed Chair Jerome Powell’s highly anticipated press conference at 2:30 pm ET today following two days of Federal Reserve meetings. Several other Fed members are expected to speak on Friday, but any news on rate changes is likely to come out of today’s speech,...