Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Kevin Durant launches $200 million SPAC; Forbes announces launch of international editions in Chile and Peru
Basketball Star Kevin Durant Launches $200 Million SPAC
Brooklyn Nets star Kevin Durant has become the latest celebrity to endorse a blank-check firm after his Infinite Acquisition Corp. filed for an IPO of up to $200 million on Wednesday.
Infinite Acquisition said it would focus on buying companies in sectors such as sports, health, e-commerce, food and cryptocurrency.
Durant will co-lead the SPAC alongside entrepreneur Rich Kleiman. The duo earlier co-founded venture firm Thirty Five Ventures. Investment and merchant bank LionTree is also a sponsor of the SPAC.
READForbes Announces Launch of Forbes Chile and Forbes Peru
In partnership with Media Business Generators (Mexican media holding), Forbes announced today the launch of two international editions, Forbes Chile and Forbes Peru, in partnership with Media Business Generators.
Both Spanish-language editions are launching online in November 2021. Readers from Chile and Peru, and from all over the world will be able to access content on www.forbes.cl and www.forbes.pe respectively.
Forbes recently announced plans to go public through a business combination with Magnum Opus (NYSE: OPA), which is expected to close in Q4 2021 or Q1 2022.
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Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...
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...