CF VI (NASDAQ:CFVI) has fallen about -15% in afternoon trading after a report that popular podcast host Joe Rogan has rejected an offer to transfer his show to the platform of CF VI’s target, Rumble.
The SPAC was riding a two-day surge, which saw it hit a high of $18.52, after Rumble tweeted a $100 million offer sent by its CEO to get Rogan to switch to their social content platform. Rogan has had a bumpy few weeks at his show’s current home, Spotify (NYSE:SPOT), but Variety reported that he told a stand-up audience in Austin, Texas on Tuesday evening that he was staying put.
Spotify’s shares are correspondingly up 3.9% on the report, erasing its losses from earlier in the week amid the Rogan situation. Other “conservative stocks” also experienced bumps alongside Rumble’s earlier jump, including Digital World (NASDAQ:DWAC), which has a pending combination with Trump Media & Technology Group. It is now down about -3.4% on the day, but this could also be related to reports that Trump Media would be once again delaying the launch of its social media platform.
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...
Blueport (NASDAQ:BPACU) has filed for a $69 million SPAC that would bring another first-time sponsor team to market. The new SPAC is offering investors a right to a 1/6 share in each unit and it will have 15 months to complete a business combination. It is underwritten by Alliance Global Partners and will not be...