Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SPAC activity seems to be picking up again, but rather than the news be U.S. based, it’s international markets that are getting all the headlines…
Indonesian Travel Startup Tiket Considers $2B SPAC Deal
Indonesian travel startup Tiket is reportedly in talks to combine with COVA Acquisition Corp. (NASDAQ:COVA) in a deal valued at $2 billion, according to Bloomberg. The Jakarta-based startup is looking to raise approximately $200 million in PIPE and is being advised by Goldman Sachs.
READFrench Hotelier Accor Weighs SPAC Listing This Year
Hotel company Accor is weighing a SPAC listing as it considers a size roughly 200 million euros ($244 million) to 300 million euros and would be focused on the lifestyle and leisure sectors, according to Bloomberg.
READSoftbank Vision Fund Considers Listing $300M Tech SPAC
Softbank’s Vision Fund is discussing plans to raise capital of approximately 250 million euros ($304 million) for a SPAC listing on the Amsterdam stock exchange later this year, according to Bloomberg. The SPAC would look for a target in the European tech industry.
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At the SPAC of Dawn After a tepid month for SPAC activity in April, prominent teams are already scheduling things to make for some fireworks in early May. AltC (NYSE:ALCC) has already been turning heads as being the rare SPAC to trade significantly above trust value before close, and it has now booked the completion...
At the SPAC of Dawn There are signs that the macro environment for SPACs is gradually improving, but the Screaming Eagle team yesterday announced a non-redemption agreement for its combination with Lionsgate Studios. Such agreements are generally a lever one pulls when a SPAC expects a potentially turbulent closing. All in all, the terms for...
Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...