Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SPAC marketing heavily curtailed in draft bill, SEC subpoenas Circle Financial, and VMG Partners taps Goldman Alumna Kapoor to lead new SPAC
SPAC Marketing Heavily Curtailed in Democrats’ Draft Bill
The SPAC boom has House Democrats mulling an aggressive response: largely ban Wall Street from marketing blank-check companies to retail investors.
The proposal was posted on the House Financial Services Committee’s website ahead of Tuesday hearing featuring Securities and Exchange Commission Chair Gary Gensler, signaling topics that lawmakers intend to ask him about.
The bill cracking down on SPACs would only allow brokers and money managers to recommend blank check companies to accredited investors. Marketing such shares to smaller investors would be barred unless SPAC sponsors give up the promote.
READSEC Subpoenas USDC Stablecoin Backer Circle
Circle Financial disclosed on Monday that it is under investigation by the U.S. SEC.
Circle, a key supporter of the USDC stablecoin, said in a regulatory filing that it received an “investigative subpoena” from the SEC’s Enforcement Division in July. That subpoena requests “documents and information regarding certain of our holdings, customer programs and operations,” the filing said.
Private Equity Firm VMG Taps Goldman Alumna Aarti Kapoor to Lead SPAC
Private equity firm VMG Partners hired former Goldman Sachs Group Inc. banker Aarti Kapoor to lead a new SPAC effort, according to Bloomberg.
The San Francisco-based firm, known for its investments in beverage maker Spindrift, nut-butter specialist Justin’s and KIND snacks, is working with advisers including Credit Suisse Group AG and Moelis & Co. on an IPO of its first SPAC.
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Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...
Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...
This week, we speak with Kyivstar CEO Oleksandr Komarov about the company’s $2.2 billion dollar combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR). Few companies have been had to forge themselves in the flames recently quite like Ukraine’s leading telecom and digital services provider Kyivstar. Now, Kyivstar is not only telling that story but pitching it to...
At the SPAC of Dawn The market still has one full trading session before it adds Tuesday’s Core CPI reading and a variety of Fed comments to messaging it is already ingesting on US President Donald Trump’s ever-shifting tariff policy. SPACs are meanwhile continuing on with business as usual, with Cayson (NASDAQ:CAPN) announcing the third...
Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...