Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Manscaped in talks to merge with Bright Lights, Nikola founder Milton charged for false statements, and MENA region sees more SPAC deals
Grooming Startup Manscaped Holds Bright Lights SPAC Talks
Manscaped, a startup that sells products for “below-the-waist hygiene,” is in talks to merge with blank-check firm Bright Lights Acquisition Corp. in a transaction that could value it at about $1.4 billion.
READNikola Founder Milton Faces Charges He Lied to Support Stock
Nikola Corp. founder and former chairman Trevor Milton has been charged by prosecutors with making false statements to investors in the electric-vehicle startup, Bloomberg reported. The charges follow a difficult year for the company, which went public and almost immediately faced questions about its production and technology.
READMENA Region to See More SPAC Deals
SPACs are trending in MENA, which indicates that the startup ecosystem is evolving into a stronger and resilient sector, attracting global players and giving a boost to regional talent.
The three top regions that are leading and complementing the regional growth are the UAE, Egypt, and Saudi Arabia.
READSEC Clamps Down on Chinese IPOs With New Requirements for Risk Disclosures
Chinese companies will be unable to go public in the U.S. unless they make new risk disclosures, according to a statement released Friday morning from SEC chair Gary Gensler.
It’s not yet clear if this would affect Chinese companies going public in the U.S. via SPAC. The SEC registration process on such deals is technically for the SPAC, not for the company being acquired.
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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...