Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Fintech VI in talks to merge with Africa’s top fiber operator while KludeIn SPAC is in talks with data intelligence firm Near and Virgin Orbit expands space solutions business with Hypersat investment
Africa’s Top Fiber Operator Is in Talks With Betsy Cohen SPAC
Fintech Acquisition Corp. VI (NASDAQ:FTVI), a blank-check company backed by serial dealmaker Betsy Cohen, is in talks to merge with a unit of African telecommunications conglomerate Econet Global, according to Bloomberg.
The deal would seek to value the unit, Cassava Technologies, at $4 billion or more.
READData Intelligence Firm Near in Talks With KludeIn SPAC
Near, a data intelligence platform, is in talks to go public through a merger with KludeIn I Acquisition Corp. (NASDAQ:INKAU), a blank-check firm, according to Bloomberg.
The companies are discussing a a transaction that could be announced in coming weeks, and that may give the combined entity an enterprise value of about $1 billion to $1.2 billion. As with all deals that aren’t finalized, it’s possible that terms change or that talks fall apart.
READVirgin Orbit Expands Space Solutions Business With Hypersat Investment
Virgin Orbit, the responsive launch and space solutions company that has announced a planned business combination with NextGen Acquisition Corp. II (NASDAQ: NGCA), announced today an agreement to acquire a 17.5% stake in geospatial analytics company Hypersat LLC.
This investment will further expand Virgin Orbit’s space solutions business by providing highly accurate electro-optic and hyperspectral imagery capabilities, which can provide vital information to customers in the agriculture, defense, energy, insurance, and minerals industries, among others.
READKin Insurance Completes Acquisition of Carrier With Licenses in 43 States
Kin Insurance, Inc., a leading direct-to-consumer homeowners insurance technology company that has entered into a definitive business combination agreement with Omnichannel Acquisition Corp. (NYSE: OCA), today announced it has completed the acquisition of an inactive insurance carrier that holds licenses in 43 states.
Kin Insurance, Inc., a leading direct-to-consumer homeowners insurance technology company that has entered into a definitive business combination agreement with Omnichannel Acquisition Corp. (NYSE: OCA), today announced it has completed the acquisition of an inactive insurance carrier that holds licenses in 43 states.
READOPAL Fuels LLC Announces Joint Venture with GFL Environmental Inc. to Develop New RNG Facilities
OPAL Fuels LLC, a leading vertically integrated producer and distributor of renewable natural gas (RNG), today announced a 50/50 joint venture with GFL Renewables LLC, an affiliate of GFL Environmental Inc. (NYSE: GFL), the fourth largest diversified environmental services company in North America, to develop new RNG production facilities in the United States.
OPAL Fuels previously announced an agreement for a business combination with ArcLight Clean Transition Corp. II (Nasdaq: ACTD), which is expected to result in OPAL Fuels becoming a public company listed on the Nasdaq Stock Exchange in second quarter of 2022, subject to customary closing conditions.
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Terms Tracker for the Week Ending July 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re heading into the July 4th holiday, so we’ll keep this week’s column short and to the point. But before you head to the beach,...
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....