Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Elizabeth Warren, other Senate Democrats raise concerns about SPAC incentives, Singapore startup Mirxes in talks to merge with Summit Healthcare, and IonQ partners with GE Research
Elizabeth Warren and Democrats Are Going After SPAC Kingpins
Elizabeth Warren and other Senate Democrats are targeting some of the biggest names behind SPACs, questioning whether the once red-hot market will trigger outsized losses for retail investors.
In letters to six prominent operators of SPACs, the lawmakers highlighted concerns that insiders can take advantage of regulatory loopholes at the expense of shareholders.
READSingapore Biotech Startup Mirxes in Talks For $1.2B SPAC Listing in US
Singapore biotech company Mirxes is in early talks to merge with Summit Healthcare Acquisition Corp. (NASDAQ:SMIH), a SPAC affiliated with veteran private equity healthcare investor Fu Wei, according to Business Times.
READIonQ and GE Research Partner to Explore How Quantum Computing Could Impact Risk Management
IonQ, Inc., a leader in quantum computing, today announced an initiative in partnership with GE Research to explore the impact of quantum computing and IonQ’s quantum computers in the pivotal field of risk analysis.
The initiative is expected to lay the groundwork for risk management across key sectors including finance, government and others.
On March 8, IonQ announced it would go public via a merger with dMY Technology Group, Inc. III (NYSE: DMYI).
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At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...