Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Thiel-backed crypto exchange eyes SPAC merger with Far Peak, Bowlero in talks to merge with Isos while Sternlicht and SEC Chair Gensler call for more oversight and transparency on SPACs
Thiel-Backed Crypto Exchange Bullish is in SPAC Merger Talks
Cryptocurrency exchange Bullish, backed by billionaire Peter Thiel, is in talks to merge with SPAC Far Peak Acquisition Corp.
The blank-check company is discussing a deal that could value Bullish at as much as $12 billion, but the final valuation could change depending on the price of Bitcoin.
An agreement could be reached as soon as the next few weeks. The SPAC has already received interest from investors about taking part in a PIPE transaction, which could extend into the hundreds of millions of dollars, to help fund a deal.
READBowlero in Merger Talks With SPAC Led by Ex-WWE Executives
Bowling center operator Bowlero Corp. is in talks to go public through a merger with blank-check firm Isos Acquisition Corp., people with knowledge of the matter told Bloomberg.
Isos is in discussions to raise new equity to support a transaction that’s set to value the combined entity at about $2.6 billion. Shares surged as much as 4.2% after Bloomberg News reported the talks.
READSternlicht Sees Clover As Sign SPACs Need Reining In
Property billionaire Barry Sternlicht said SPACs are in need of further oversight from the SEC, and pointed at Clover Health Investments Corp. as a sign of a bubble.
“The stock market is detached from reality,” he said in a virtual panel discussion on Wednesday at Bloomberg’s Qatar Economic Forum. “Clover Health Care is basically a fraud, is trading at $16 a share, and it keeps going up. The more you say it is going out of business, the higher the stock goes.”
Sternlicht, despite recently pricing two new IPOs of his own in the past two weeks to add to his three other JAWs SPACs, and a sixth SPAC currently getting ready to IPO, said that he hoped the trend had peaked.
READSEC Chair Gensler Says SPACs Need More Transparency
Securities and Exchange Commission Chair Gary Gensler talks about ways to boost transparency around SPACs.
The SEC chief said he wants to make sure that mom-and-pop investors don’t lose out to larger, more sophisticated players especially when they are putting their money in SPACs.
READSPACs and Traditional IPOs: An Offshore Perspective
As more SPACs list outside the US, an increasing number of de-SPAC transactions and greater interest from Asia-based sponsors, it is expected the use of Cayman, BVI and other offshore companies will continue to increase in relation to Asia-connected SPAC deals.
It remains to be seen which Asian exchange will become the region’s go-to for SPACs and whether Asia will be the next to see the SPAC boom. What is certain is that Cayman and BVI will continue to remain central to global capital and M&A markets as more Asia based SPACs are launched and large numbers of existing cashed-up SPACs race to identify merger targets, according to Lexology.
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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...
At the SPAC of Dawn Futures sit slightly red as investors return from holidays of barbecues and fireworks to renewed concerns about where US President Donald Trump’s tariff policy might hamper trade. The latest shift produced a further one-month delay in most of the tariffs Trump has threatened to impose as his administration continues to...
Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...