Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Primavera, ABCI considers SPAC listing in Hong Kong; MANSCAPED and UFC announce multi-year extension of partnership
Primavera, ABCI Weighing to Join Hong Kong SPAC Race, Sources Say
Buyout firm Primavera Capital and the investing arm of ABC International Holdings Ltd. are considering forming a blank-check company to list in Hong Kong as the Asian financial hub prepares to welcome the first such vehicles to its stock exchange.
ABCI’s investment banking arm and JPMorgan Chase & Co. (NYSE:JPM) are working on the SPAC’s potential IPO. The SPAC could raise a few hundred million dollars, and could target a merger with a firm in the consumer sector.
READMANSCAPED and UFC Announce Multi-Year Extension of Their Iconic Partnership
MANSCAPED™, the leading men’s lifestyle consumer brand and male grooming category creator, and UFC®, the world’s premier mixed martial arts organization, today announced a multi-year extension of their partnership in which MANSCAPED will continue to serve as the first-ever Official Electric Trimmer of UFC. Partnership integrations and new enhancements have rolled over into the renewal to much fan acclaim and will continue over the next three years.
On November 23, MANSCAPED entered into a definitive agreement to combine with Bright Lights Acquisition Corp. (NASDAQ:BLTS).
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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...
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...