The Latest SPAC News and Rumors: June 2nd, 2021
by Marlena Haddad on 2021-06-02 at 11:33am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

SoFi starts strong, Yieldstreet and Hydrow consider going public via SPAC

 


SoFi Jumps 12% in Nasdaq Debut After Palihapitiya SPAC Merger

Stock-trading platform SoFi Technologies Inc. jumped 12% in its Nasdaq debut after completing its merger with investor Chamath Palihapitiya’s blank-check company last week.

The shares, which trade under the ticker SOFI, rose to $22.65 Tuesday from $20.15 Friday, when it still traded under the SPAC ticker IPOE. This compares with an all-time high of $25.78 in February.

READ

Hydrow Said to Explore Going Public at Over $1 Billion Valuation

Hydrow, maker of a $2,245 rowing machine, is exploring strategic options such as an IPO or merging with a SPAC, people with knowledge of the matter told Bloomberg.

The Cambridge, Massachusetts-based company is targeting a valuation of more than $1 billion and working with an adviser as it weighs options that also include raising fresh funding from private equity investors to fund domestic and international growth.

READ


Yieldstreet Raises $100M As It Mulls Going Public Via SPAC

Alternative investment platform Yieldstreet announced Tuesday that it has raised $100 million in a Series C funding round which brings it to $278.5 million in total raised since its 2015 inception. Co-founder Milind Mehere shared that Yieldstreet is considering going public via a SPAC  sometime in the next year or two.

READ

 

The Latest SPAC News and Rumors: June 2nd, 2021
Recent Posts
by Nicholas Alan Clayton on 2025-07-01 at 7:51pm

Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....

by Nicholas Alan Clayton on 2025-07-01 at 7:47pm

Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....

by Nicholas Alan Clayton on 2025-07-01 at 7:19pm

1RT Acquisition Corp. (NASDAQ:ONCHU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ONCHU”, Wednesday, July 2, 2025. The new SPAC plans to target company in the digital asset ecosystem involved in the creation, storage, exchange or management of such assets, whether...

by Nicholas Alan Clayton on 2025-07-01 at 3:49pm

D. Boral ARC Acquisition II Corp. (NASDAQ:ARBCU) has filed for a $250 million SPAC to give underwriter D. Boral a second in-house SPAC to pursue deals with. The new SPAC offers investors a 1/2 warrant and an initial 18-month time frame to complete a deal. D. Boral II’s sponsor may automatically extend this once by...

by Nicholas Alan Clayton on 2025-07-01 at 11:33am

Ribbon (NASDAQ:RIBB) has entered into a definitive agreement to combine with Japanese biotech firm DRC Medicine at a pro forma equity value of $422 million. Tokyo-based DRC Medicine manufactures reusable anti-bacterial and anti-allergen wearables and aims to go deeper into the medical device and pharmaceutical space. Transaction Overview Ribbon is expected to provide $50.4 million...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved