Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Farming startup Infarm is in talks to merge with Kernel SPAC while Fusion in talks to launch new blank-check company and aims to list in London
Infarm Is in Talks to Go Public Via Merger with Kernel SPAC
Indoor farming startup Infarm is in advanced talks to go public through a merger with blank-check firm Kernel Group Holdings Inc., people with knowledge of the matter told Bloomberg.
A transaction would value the combined entity at more than $1 billion, said one of the people.
San Francisco-based Kernel, led by CEO Mark Gross, the former CEO of Supervalu, raised about $305 million in a February IPO.
READFusion SPAC Aims to Beat London Rush With New Blank-Check Firm
Fusion Acquisition Chief Executive John James is in talks to launch a new blank-check company which could soon file for a listing in London with the aim of becoming the first to take advantage of a new British SPAC regime, sources told Reuters.
James, who runs two existing SPACs – Fusion Acquisition Corp and Fusion Acquisition Corp II – is working with JPMorgan on his third Fusion investment platform.
The plan, backed by Fusion Chairman Jim Ross who spent more than two decades focused on ETFs, is the latest by a SPAC entrepreneur who has turned serial investor during the blank-check company boom.
Fusion’s listing choice of London comes as post-Brexit Britain aims to make the capital more competitive in the finance sector, with new rules expected to come in by “early summer,” according to the Financial Conduct Authority.
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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...
In June 2025, the SPAC market was marked by a notable rise in meeting delays, with adjournments and postponements playing a central role in extension activity, as sponsors navigated a more cautious market environment. Still, several SPACs secured shareholder approvals, and seven business combinations were completed during the month. At the same time, IPO issuance...
An In-Depth Look at SPAC Activity Through the Second Quarter & First Half 2025 Below is a summary of the first half of 2025 SPAC market. If you’d like a pdf copy, you can access the link HERE. Q2 kicked off in chaos. President Trump’s shifting and often contradictory tariff announcements sent markets reeling, driving...
At the SPAC of Dawn The market is set to be showered with new SPACs today as three more SPACs priced their IPOs overnight, bringing 2025’s total to 66, already surpassing the full-year total of 2024. After hours, Ribbon (NASDAQ:RIBB) also added a new SPAC deal to June’s tally just under the wire, bringing the...
NMP Acquisition Corp. (NASDAQ:NMPAU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NMPAU”, Tuesday, July 1, 2025. The new SPAC plans to combine with a target company that has a resilient business model with potential to scale up revenue. NMP’s management...