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.
At the SPAC of Dawn During a week in which rare earth mining and space de-SPACs have seen major gains, another blast from the past is making serious waves in the market. EV battery developer QuantumScape (NYSE:QS) rose to a 52-week high of $13.79 yesterday and is cruising even higher in the pre-market. The company...
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...