Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Social Capital Suvretta Holdings I in talks to merge with Akili Interactive while Social Capital Suvretta III in talks with ProKidney
Palihapitiya-Led SPAC Said to Discuss Akili Interactive Deal
Palihapitiya SPAC Is Said to Be in Talks With ProKidney
A blank-check firm started by serial dealmaker Chamath Palihapitiya and Suvretta Capital is in merger talks with medical technology company ProKidney LLC.
The combined company would be valued at more than $1 billion in a transaction, and an announcement could come as soon as next week.
ProKidney and the special purpose acquisition company, Social Capital Suvretta Holdings Corp. III (NASDAQ:DNAC), haven’t reached a final agreement and it’s possible talks could end without one.
Branson Hints at Setting Up a Virgin Group SPAC in Amsterdam
Richard Branson hinted but stopped short of confirming a report that his Virgin Group is considering setting up a blank-check company in the Netherlands, in what would be his first use of the structure in Europe.
The serial entrepreneur will probably seek to raise some 200 million euros ($227 million) by selling of shares in a special purpose acquisition company, with the aim of later merging the shell with an existing business, Sky News reported earlier.
READSPAC Race Heats Up in Asia With First Singapore Listings Due
Blank-check companies are set to make a debut in Singapore this month as the financial hub, which has struggled to attract new stock listings, gears up for competition from Hong Kong.
Vertex Technology Acquisition Corporation Ltd., sponsored by state investor Temasek’s Vertex Venture Holdings Ltd., is seeking at least S$170 million ($125 million), while Tikehau Capital SCA-backed Pegasus Asia could raise at least S$150 million. The listings are slated for Jan. 21 and Jan. 25, respectively.
Indigo Acquisition Corp. (NASDAQ:INACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “INACU”, Tuesday, July 1, 2025. The new SPAC plans to combine with an established, profitable company whose growth potential can benefit from its team’s expertise. Indigo’s management team is...
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...