Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ackman re-engages with target following deal for UMG stake, Syniverse in talks to merge with M3-Brigade, and Sebi to announce SPAC framework
Ackman Re-Engages With SPAC Target After Deal for UMG Stake
Bill Ackman said he has already re-engaged with a potential target for his remaining SPAC after reaching a deal to buy a 10% stake in Universal Music Group before its spinoff from Vivendi SE this year.
Ackman said he remains open to other opportunities, and may consider a majority stake or 100% ownership of a new target company after the restraints are lifted on the Remainco following the Vivendi deal.
READCarlyle-Backed Syniverse is in M3-Brigade SPAC Merger Talks
Carlyle-backed messaging company Syniverse Technologies LLC is in talks to go public through a merger with M3-Brigade Acquisition II Corp., people with knowledge of the matter told Bloomberg.
M3-Brigade is seeking new equity to support a transaction that’s set to value Tampa, Florida-based Syniverse at about $3 billion including debt.
READSebi Plans To Come Out With Framework For SPACs
Indian capital market regulator Sebi is planning to come out with a guideline on SPACs which will enable listing of startups on domestic stock exchanges. The framework is expected to be announced as soon as next week.
READLondon is Missing Out On Europe’s Record $4.4B SPAC Boom
2021 is already the best year for SPACs in Europe, and investment bankers estimate another 50 deals in the pipeline. The Wall Street boom in blank check companies is making its way across the pond, with annual records already smashed in the past three months as SPACs hit European exchanges, but the city of London has yet to be invited.
Three SPACs have listed the London Stock Exchange in 2021, with only one, the $181m tech-focused AdvancedAdvT Limited in March, raising more than $2m, according to Financial News. Meanwhile, the $485m Hedosophia European Growth SPAC and the $150m listing by Crystal Peak Acquisition chose to list in Amsterdam.
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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,...
Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....