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.
READIsraeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
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...