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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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...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...