Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Companies continue to go public with SPACs: FinTech Firms Finder and Stash weigh SPACs vs. IPO Listings, Bridgetown Weighs a Fourth SPAC, And Babylon Said to be Near $3.5bn Alkuri Deal
Australian Fintech Firm Weighs SPAC and Other Options to Expand
Australian fintech firm Finder, which helps clients invest and save money, is working with an adviser on strategic options, including a sale to a blank-check company, as it seeks to expand its global footprint.
Co-founder Fred Schebesta said the company is in talks with a number of institutional and high net worth investors about buying into the business. Options include bringing in new investors to help fund an expansion in South East Asia and the U.S. ahead of a potential listing, either via an initial public offering or a deal with a SPAC.
Massive Opportunities in Europe, Says Azar
“There’s massive opportunities for SPACs in Europe,” says Makram Azar, Golden Falcon Acquisition CEO. He spoke to Francine Lacqua on “Bloomberg Surveillance Early Edition” where he mentioned just how overcrowded the U.S. market is, and that Europe is a “good place to be doing deals.”
READFintech Unicorn Stash Is Weighing Options for Going Public
Financial-technology firm Stash is exploring options for a market listing, such as merging with a SPAC or a traditional IPO, people with knowledge of the matter told Bloomberg.
“We’re extremely confident about the level of our current funding,” Krieg said, referring to Stash’s $125 million funding round in February that drew backing from Todd Boehly’s Eldridge Industries, Owl Ventures and funds advised by T. Rowe Price Group Inc., among others, at a $1.4 billion valuation. LendingTree Inc. is among Stash’s earlier investors investors.
Richard Li In Talks to Raise Funds For His Fourth Bridgetown SPAC as Asian Investors Keep Piling Into Blank Check Companies
Hong Kong billionaire Richard Li Tzar-Kai is in the early stages of setting up his fourth SPAC in collaboration with billionaire Peter Thiel.
The talks for Li’s latest SPAC are in very preliminary stages and there is no fundraising target set. Under the Bridgetown Holding brand, Li has raised more than US$1 billion from three SPACs over eight months.
READWeb Doctor Babylon Is Said to Near $3.5 Billion Alkuri Deal
Babylon, the medical startup that connects patients and doctors via an app, is close to agreeing a deal to go public in a merger with blank-check company Alkuri Global Acquisition Corp., people familiar with the matter told Bloomberg.
Talks between Babylon and Alkuri, which is run by former Groupon Inc. executives, are in the advanced stages and a deal could be announced as soon as next week, the people said, asking not to be identified discussing confidential information.
The deal could value Babylon at approximately $3.5 billion. Alkuri has lined up investors to provide about $270 million of PIPE.
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This week, we speak with Kyivstar CEO Oleksandr Komarov about the company’s $2.2 billion dollar combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR). Few companies have been had to forge themselves in the flames recently quite like Ukraine’s leading telecom and digital services provider Kyivstar. Now, Kyivstar is not only telling that story but pitching it to...
At the SPAC of Dawn The market still has one full trading session before it adds Tuesday’s Core CPI reading and a variety of Fed comments to messaging it is already ingesting on US President Donald Trump’s ever-shifting tariff policy. SPACs are meanwhile continuing on with business as usual, with Cayson (NASDAQ:CAPN) announcing the third...
Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...
At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...