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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Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...