Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SPAC Rumors, Surveys, and Space Talk
AI Specialist BigBear Said In Merger Talks with GigCapital4 SPAC
Artificial-intelligence company BigBear.ai is in talks to go public through a merger with GigCapital4 Inc., people with knowledge of the matter told Bloomberg.
The SPAC is seeking to raise equity and convertible debt to support a deal that’s set to value the combined entity at more than $1.5 billion.
GigCapital4, led by Chairman Avi Katz and Chief Executive Officer Raluca Dinu, raised about $359 million in an February initial public offering with a focus on technology, media, telecommunications and sustainable industries.
READSPACs Continue To Be Viewed As Favorable Investment Opportunities
Katten’s 2021 SPAC Survey, which is based on the results of one poll of 80 investment professionals in March and another of 100 investment professionals in May, found that investors who participated in at least one SPAC transaction – as either sponsors, investors, advisors or underwriters – say they expect SPAC activity to increase at least through 2022.
The survey also found that SPAC transactions compare favorably to traditional IPOs because they offer a simpler process.
READSpace SPAC Shares Drop As Struggling Merger Target Momentus Does Not Expect to Fly This Year
Shares of Stable Road Acquisition Corp. fell in trading on Monday after the firm disclosed in a securities filing that its merger target, in-space transportation company Momentus, no longer plans to conduct any missions for customers this year.
The firm was the first of several SPACs which announced deals with space ventures in the past year, saying it planned to take Momentus public at a $1.2 billion valuation.
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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....