Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Harley Davidson surges on SPAC deal to list electric-motorcycle unit and ex-Commerzbank CEO SPAC reaches digital entertainment deal
Harley Surges on SPAC Deal to List Electric-Motorcycle Unit
Harley-Davidson Inc. (NYSE:HOG) jumped the most in 13 months after the company said it would list its electric-motorcycle unit publicly through a merger with a blank-check company, capping off a busy year for reverse mergers in the electric-vehicle industry.
Harley rose 15% to $42.43 at 9:38 a.m. in New York after climbing as much as 18%, the most intraday since late October 2020.
The LiveWire division will merge with AEA-Bridges Impact Corp. (NYSE:IMPX), a SPAC that focuses on sustainability, and is expected to trade on the New York Stock Exchange under the ticker symbol “LVW,” the companies said in a statement Monday.
READEx-Commerzbank CEO SPAC Reaches Digital Entertainment Deal
The SPAC backed by Martin Blessing, a former chief executive officer of Commerzbank AG, will merge with Dutch digital entertainment company Azerion Holding BV.
The deal between Blessing’s SPAC, called EFIC1, values Azerion at about 1.3 billion euros ($1.5 billion), the two companies said in a statement Monday that confirms an earlier Bloomberg report. The company will rename as Azerion Group NV and start trading on the Amsterdam stock exchange in February.
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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...