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
AltC (NYSE:ALCC) has reportedly been taking the pitch deck for its combination with nuclear fission firm Oklo on the road in recent weeks, which has generated the rare result of a SPAC trading significantly above its trust value still well before completing its deal. The SPAC has an estimated $10.59 per share in its trust...
Trump Media (NASDAQ:DJT) is down about -15% in the pre-market following the filing of its first S-1 since closing its combination with Digital World, and this includes the issuance of the 21,491,251 shares. Of these, 14,375,000 are to be made available for those exercising warrants while the rest would go out to note holders from...
At the SPAC of Dawn This week, bookended by the end of Ramadan and the beginning of Passover, could wind up stacked with events to avoid those holiday times, but for now SPACs have scheduled just six extension votes for this stretch. Redwood (NASDAQ:RWOD) and Genesis Growth Tech (OTC:GGAAF) have yet to release results from...
Terms Tracker for the Week Ending April 12, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The month of April is still feeling pretty sleepy, but there’s reason to believe that will change relatively soon with some notable events lined up...
The SPAC boom of 2020-2021 brought the asset class into sectors they had never entered before and that had generated few if any public companies of any kind. Space was one of these, but it appeared to be a passing fascination as soon as macro financial winds changed. That could be about to change once...