Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Hydrow in talks to merge with Sandbridge X2 and Venus Williams joins HumanCo’s advisory board
Hydrow in Talks to Go Public in Sandbridge X2 SPAC Deal
Rowing machine creator Hydrow is in talks to go public through a merger with Sandbridge X2 Corp. in a deal that could value the business combination at more than $1 billion, according to Bloomberg.
Sandbridge X2 is in talks with prospective investors about raising a PIPE.
Venus Williams Joins Health Brand Owner HumanCo’s Advisory Board
Seven-time tennis Grand Slam singles champion Venus Williams is joining the advisory board of HumanCo, which is seeking to build a portfolio of health-focused consumer brands before going public.
HumanCo last year raised a SPAC, HumanCo Acquisition Corp., alongside Cavu Venture Partners.
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Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...