Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Minute Media and Digitonic consider listing through a SPAC, and Bridgetown 2 is in talks to merge with Property Guru
Digital Ad Startup Minute Media Explores Going Public
Digital advertising company Minute Media is working with Goldman Sachs Group Inc. on a plan to go public as soon as this year.
Minute Media, which owns brands including Mental Floss and the Players’ Tribune website started by former baseball star Derek Jeter, is considering an IPO or a listing through a SPAC.
The company would seek to be valued at more than $1 billion when it lists its shares. It was valued at about $500 million after raising funding last year, according to data provider PrivCo.
READDigitonic Considering IPO or Sale to SPAC
Mobile marketing specialist Digitonic is considering a stock market listing in either the UK or North America and is also actively speaking to a SPAC that could lead to an acquisition of the company.
READTPG-Backed PropertyGuru Eyes $2 Billion Thiel SPAC Deal
Bridgetown 2 Holdings Ltd., the blank-check company backed by Richard Li and Peter Thiel, is in advanced talks to merge with Singapore’s online real estate firm PropertyGuru Pte, people with knowledge of the matter told Bloomberg.
The SPAC has been in discussions with PropertyGuru on the potential deal, which could be announced as soon as next month, and a transaction could value the combined firm at as much as $2 billion, the people said.
READSmart-Lock Startup Latch Rose 4% on First Day of Trading
Smart-lock startup Latch began trading Monday through a SPAC listing that raised $453 million and values the company at over $1.5 billion. The shares, issued through a SPAC run by Tishman Speyer Properties, rose 4% on the first day of trading.
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News and Rumors PR: Bannix (NASDAQ:BNIX) has provided more information on the combination with VisionWave that it announced yesterday, specifying that the imaging technology that VisionWave will acquire from GBT Technologies will primarily seek out applications in military combat scenarios and geological surveys. PR: Grove Collaborative (NYSE:GROV), which combined with Virgin Group II in June...
At the SPAC of Dawn Fed Chair Jerome Powell has given new hints that the administration would be showing greater levels of comfort with inflation if a cut could help improve unemployment numbers. Those numbers could get an update today at 8:30 am ET to bring new jobless claims as well as final prices for...
News and Rumors CNBC: Former WeWork (OTC Pink:WEWKQ) founder Adam Neumann has offered to buy back control of the company for $500 million but has yet to secure the necessary financing. WeWork went public with BowX in October 2021. PR: Satellite telecom firm Spire Global (NYSE:SPIR) has signed an agreement to build and launch two...
Bannix (NASDAQ:BNIX) has entered into a definitive agreement to combine with VisionWave Technologies for $30 million. The combined company is expected to trade on the Nasdaq once the deal is completed with an initial outside date of September 14. Transaction Overview Bannix has about $17 million in its trust after seeing 77.4% of its shares...
At the SPAC of Dawn Much of the attention yesterday was on tracking the swings of the newly-completed Trump Media (NASDAQ:DJT) deal with the FT going as far to suggest it may “make SPACs great again.” Not all of the day’s data points were on the positive side of the ledger, however. IB Acquisition Corp....