Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Vista Equity considers SPACs, ousted founder of Velodyne wants directors off the board, and Ackman deal remains elusive
Robert Smith’s Vista Equity Weighs Joining Rivals With Two SPACs
Vista Equity Partners is exploring raising two SPACs despite a slowdown in issuance in the vehicles that have gained mainstream popularity and even inspired a hip-hop track.
Vista, led by billionaire Robert F. Smith, last month registered entities named V-Acquisition I Corp. and V-Acquisition II Corp. with the U.S. Securities and Exchange Commission, according to data reviewed by Bloomberg.
READThe Founder of Lidar Maker Velodyne Is Going To War With His Own SPAC
David Hall, the founder of leading lidar manufacturer Velodyne, is going to war with the SPAC that acquired his company. In a letter, Hall is calling for the resignation of two of the company’s SPAC-appointed board directors, whom he blames for Velodyne’s “poor financial performance.”
“I will not stand idly by and watch the board squander Velodyne Lidar’s bright future with what I believe is a lack of strategic focus and poor corporate governance,” Hall writes.
READAckman Says Hopes to Make Announcement on SPAC Target Within Weeks
Ackman told investors on a quarterly call that his team is “working to complete the transaction” and that he likes the business and loves the management team.
If however the deal should collapse, Ackman said he would then move on to his next target. Either way, he said he would offer an update.
The SPAC Overcorrection
“It’s not even the SPAC market that’s tightening; it’s the pipe market,” Scott Gallaway tells the Intelligencer.
On the latest Pivot podcast, Kara Swisher and Scott Galloway discuss why the shell companies have fallen out of favor — and why they will likely have an enduring place in the market regardless.
READ
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...
M3-Brigade V (NASDAQ:MBAV) has entered into a definitive agreement to combine with crypto treasury firm ReserveOne, assembling about $1 billion in equity funding. ReserveOne is setting up a diversified Bitcoin and digital asset treasury with a portion of its investments going towards blockchain infrastructure and venture raises. The combined company is expected to trade on...
At the SPAC of Dawn As the SPAC market has warmed in 2025, only 21 of the 70 SPACs (30%) that have IPO’d thus far have overfunded their trusts to draw in investors and none of these funded to more than 101%. By contrast, 87% of 2023 SPACs were overfunded – some to as high...
Emmis Acquisition Corporation (NASDAQ:EMISU) has filed for a $100 million SPAC to take a look at the manufacturing sector after a few unique wrinkles in their IPO process. Initial investors are set to receive one right to a 1/10 share in each unit purchased and the SPAC will have 18 months to complete a business...
Chenghe III (NASDAQ:CHEC.U) has filed for a $110 million SPAC to continue the team’s growing series while turning to a new underwriter. The new SPAC is offering investors a 1/2 warrant in each unit and no overfunding of the trust, but it will need to complete a business combination within 18 months of its IPO...