Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Billionaire Fertitta adds restaurants, aquariums to SPAC deal, TPG eyes transaction with SPAC, and electric-vehicle startup FreeWire is in talks to go public with DHC
Billionaire Fertitta to Add Restaurants, Aquariums to SPAC Deal
Billionaire Tilman Fertitta’s deal to take much of his Fertitta Entertainment Inc. empire public through a merger with a SPAC has been expanded to include Catch Hospitality Group, Galveston Island Historic Pleasure Pier and Mastro’s Restaurants.
The transaction with Fast Acquisition Corp. will also add aquarium restaurants and steakhouse chain Vic & Anthony’s. The combined entity will be valued at about $8.6 billion, including debt, up from $6.6 billion in the original deal announced in February.
READTPG Considers Options for Going Public
Alternative asset manager TPG is looking at a plan to go public through a conventional IPO or a transaction with a SPAC.
The San Francisco-based firm is more likely to choose an IPO, the source told Bloomberg, asking not to be identified because the matter is private. The company could be valued at around $10 billion, but a decision has yet to be finalized.
READEV-Charging Startup FreeWire Is in Blank-Check Merger Talks
Electric-vehicle charging and power startup FreeWire Technologies Inc. is in talks to go public through a merger with blank-check firm DHC Acquisition Corp.
DHC is discussing raising new equity to support a transaction, which is slated to value the combined entity at more than $1 billion.
READ
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...
At the SPAC of Dawn A brand new market may have just opened up for space de-SPACs as NASA administrator Bill Nelson announced a shift in the agency’s $11 billion program for a mission to return samples from Mars. Rather than rely on the agency’s internal technologies that would be predicted to get a sample...
Overall deal flow between SPACs and biotech firms has slowed over the last year, but some pending FDA changes could breathe new life into particular business models within the space. In particular, the FDA has asked Congress as part of its 2025 Legislative Proposals to eliminate the interchangeability designation for biosimilar medications, claiming the existing...