Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Eli Manning-backed SPAC pulls IPO and Singapore hosts third SPAC listing
Eli Manning-Backed Brand Velocity SPAC Pulls Plans for IPO
Brand Velocity Acquisition Corp., the blank-check firm whose advisers include former National Football League quarterback Eli Manning, dropped its plans for an initial public offering.
The SPAC asked to withdraw its registration for an IPO in a filing Wednesday with the U.S. Securities and Exchange Commission. The company filed last March to raise $200 million to seek a merger target, saying it planned to focus on “a branded consumer-facing businesses in North America.”
The SPAC is controlled by private equity firm Brand Velocity Partners, which was founded in 2019.
READSingapore Hosts Third SPAC Listing; Novo Tellus-Backed Firm Makes Debut
Southeast Asian industrial technology buyout fund Novo Tellus Capital Partners listed its SPAC in Singapore on Thursday, marking the third such IPO this month as the city-state seeks to become a hub for SPAC listings.
Novo Tellus Alpha Acquisition, which raised S$150 million ($111 million), traded at S$4.96 versus its IPO price of S$5 per unit. Each unit comprises one Class A share and one half of a warrant exercisable at S$5.75 per share.
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Cantor Equity Partners I (NASDAQ:CEPO) has entered into a definitive agreement to combine with Bitcoin Standard Treasury in a transaction that is worth about $4.8 billion. Bitcoin Standard Treasury aims to bring in capital from a number of equity instruments to build up one of the largest US-listed Bitcoin treasuries. The combined company is expected...
At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...
Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...