Below is a daily summary of links to theca latest SPAC news and rumors gathered across the web.
Latest SPAC News: FaZe Clan teams up with DraftKings, Astroscale signs MOU with Virgin Orbit, and France’s Melanion Capital to launch “green” bitcoin-focused SPAC
Gaming and Content Trailblazer FaZe Clan Teams Up With DraftKings
Today, DraftKings Inc. (NASDAQ: DKNG) announced a new deal with FaZe Clan, becoming the Official Sports Betting, iGaming, Daily Fantasy, and Free-to-Play Partner of the leading gaming, lifestyle and media platform.
As part of the deal, DraftKings will appear across FaZe’s digital content ecosystem, including custom content, livestream and tournament events, plus new IP and formats highlighted by original series and a new planned podcast.
DraftKings entered into a definitive agreement to acquire Golden Nugget Online Gaming (NASDAQ:GNOG) in a tie-up of two de-SPACs earlier this year in August.
READResponsive Satellite Servicing and Sustainable Space Launches Get a Boost Through Astroscale, Virgin Orbit Partnership
Astroscale Holdings Inc., the market leader in satellite servicing and long-term orbital sustainability across all orbits, today announced it has signed a Memorandum of Understanding with Virgin Orbit, the responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (NASDAQ: NGCA).
The MOU establishes a new partnership in which the two companies will seek opportunities to cooperate on a series of space initiatives that will drive the future of space sustainability and on-orbit servicing ecosystem. Astroscale is planning dozens of missions over the next decade and is in discussions with Virgin Orbit to launch as many as 10 of those on Virgin Orbit’s LauncherOne. The two companies are also working toward a future joint mission concept focused on satellite servicing.
READFrance’s Melanion Capital to Launch “Green” Bitcoin-Focused SPAC
Melanion Capital is to list a SPAC focused on acquiring and developing businesses linked to “green and clean bitcoin”.
The Paris-based asset manager, which already oversees a number of crypto exchange-traded funds, said the new company will invest in firms that hold, trade, mine and lend bitcoin mined with environmentally friendly origins.
READEliot Tubis and EJT Holdings Increase Stake in Codere Online Merger
Eliot Tubis and EJT Holdings announced an increase in their stake to over 4% in the outstanding public warrants of DD3 Acquisition Corp II (NASDAQ:DDMX), as the merger with Codere Online looks to close this week.
Codere Online is one of the leading, online-gaming companies in Europe and is expanding rapidly across Latin America, providing innovative sports betting services and online casino games.
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After a quiet June, July is set to be active throughout the month with nine de-SPACs and sponsors coming unlocked from their trading restrictions. This timing is most fortuitous for insurance investor Abacus Life (NASDAQ:ABL) and East Resources, which took it public in 2023, as it is the best performer of this group of companies...
Pyrophyte II (NYSE:PAII.U) has filed for a $175 million SPAC to dig for a natural resources target while the team’s first deal remains pending. The new SPAC is offering investors 1/2 warrants in each unit and it will have 24 months to complete a business combination without asking shareholders for an extension. It is the...
At the SPAC of Dawn The last day of the quarter is to play host to a pair of shareholder votes and a possible pricing of Indigo‘s (NASDAQ:INACU) $100 million IPO. This week is also to play host to fresh jobs numbers just before the long July 4 weekend. Black Hawk (NASDAQ:BKHA) was also one...
Terms Tracker for the Week Ending June 27, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. June continued its late-month rally with another five SPAC IPOs pricing this week, bringing the monthly total to 10 and the 2025 year-to-date count to...
Blueport (NASDAQ:BPACU) has filed for a $69 million SPAC that would bring another first-time sponsor team to market. The new SPAC is offering investors a right to a 1/6 share in each unit and it will have 15 months to complete a business combination. It is underwritten by Alliance Global Partners and will not be...