Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: MELI Kaszek Pioneer Corp. files to raise up to $250 million, MoneyLion launches crypto investing ahead of SPAC deal, and Alpha Capital seeks $1 billion technology unicorn
MercadoLibre-Sponsored SPAC Files to Raise Up to $250 Million
MELI Kaszek Pioneer Corp, a blank-check company sponsored by Latin America’s e-commerce giant MercadoLibre Inc. and Kaszek, has filed to go public.
The new company will seek to purchase a Latin American tech company, according to a statement. BofA Securities, Goldman Sachs, Allen & Company and JPMorgan are expected be the underwriters for the offering, which consists on the offering of 25 million ordinary shares at an initial price of $10 apiece.
Shares are expected to be listed on the Nasdaq under the symbol MEKA.
READMoneyLion Launches Crypto Investing Ahead of Planned SPAC Deal
The banking and investing app MoneyLion is adding crypto trading to its all-in-one financial services app.
The 8-year-old fintech company, which plans to go public later this month on the New York Stock Exchange under the ticker ML, will introduce buying and selling capabilities for bitcoin and ether at its Investor Conference on Monday morning, CEO Dee Choubey told CNBC.
SPAC Hunting for LatAm Deals Seeks $1 Billion Technology Unicorn
Alec Oxenford, the founder of second-hand sale platforms OLX and letgo, is now the CEO of Alpha Capital (NASDAQ:ASPCU), which is seeking to merge with a technology company in Latin America. He’s aiming for a target with a valuation near $1 billion, and has narrowed down the list of contenders to 16 companies, from a starting point of 20,000, he said in an interview.
If Alpha succeeds in closing a deal, that would make it one of the few SPACs to have found a target in Latin America.
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At the SPAC of Dawn There are signs that the macro environment for SPACs is gradually improving, but the Screaming Eagle team yesterday announced a non-redemption agreement for its combination with Lionsgate Studios. Such agreements are generally a lever one pulls when a SPAC expects a potentially turbulent closing. All in all, the terms for...
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...