Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Iconiq Motors considers $4 billion deal and Redwire surges after closing combination
Chinese EV Startup Iconiq Said to Mull $4 Billion U.S. SPAC Deal
Chinese electric vehicle firm Iconiq Motors is considering going public in the U.S. through a merger with a blank-check company.
The startup is working with an adviser on a potential deal that could value the combined company at about $4 billion.
READRedwire Surges on NYSE Debut After Closing SPAC Deal
Space infrastructure conglomerate Redwire (NYSE:RDW) began trading on the New York Stock Exchange on Friday, joining a flurry of space companies closing SPAC mergers and going public.
Redwire, formed last year by private equity firm AE Industrial Partners, merged with Genesis Park, and now trades under the ticker “RDW.”
Shares of Redwire surged as much as 20% in trading from its previous close of $10.50.
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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...
At the SPAC of Dawn Ever since Digital World announced its combination with Trump Media (NASDAQ:DJT) back in October 2021, it was clear that SPACworld and the Trump show were set to be intertwined for quite some time. And, although not every headline has a bearing on the wider SPAC world, Trump Media’s post-close rise...
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...