Below is a daily summary of links to theca latest SPAC news and rumors gathered across the web.
Latest SPAC News: Griid in talks to merge with Adit EdTech and Essentium in talks to go public through Atlantic Coast SPAC
Bitcoin Miner Griid Is In Talks To Go Public Via Merger With Adit EdTech SPAC
Bitcoin miner Griid Infrastructure is in talks to go public through a merger with a SPAC, according to Bloomberg.
A transaction with the blank-check firm, Adit EdTech Acquisition Corp. (NYSE:ADEX), would value the combined entity at more than $3 billion. Terms aren’t finalized and talks could still fall apart.
READ3D Printing Firm Essentium in Talks to Go Public Through Atlantic Coastal SPAC
3D printing solutions provider Essentium Inc. is in talks to go public through a merger with blank-check firm Atlantic Coastal Acquisition Corp. (NASDAQ:ACAH), according to Bloomberg.
A transaction is set to value the combined company at more than $900 million. Atlantic Coastal is poised to raise additional funding via a PIPE, priced at $10 per share.
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At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
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...