Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Hong Kong’s second SPAC deal on hold, and Harley-Davidson delivers first quarter results
Hong Kong’s Second SPAC Deal Put on Hold, Source Says, Clouding Prospects
A blank-check firm backed by VMS Asset Management has paused plans to go public in Hong Kong due to highly volatile markets, clouding Hong Kong prospects for SPACs.
Vivere Lifesciences Acquisition Corp’s $130 million SPAC share sale, set to have been Hong Kong’s second, is waiting for markets to stabilize before opening its books.
The pause comes just months after regulators in January allowed blank-cheque companies to list on Hong Kong’s stock exchange, to compete with rival bourses and tap demand for such investment vehicles.
READHarley-Davidson Delivers First Quarter Financial Results
Harley-Davidson, Inc. (“Harley-Davidson”) (NYSE:HOG) today reported first quarter results.
HDMC saw revenue growth of 6 percent driven by global motorcycle pricing and growth across Parts & Accessories and Apparel. HDMC Operating Income margin of 15.6%, which was down 2.9 points versus last year; global pricing was able to offset cost inflation, but margin was negatively impacted by lower shipments due to the ongoing semi-conductor shortage.
The company also reported the merger transaction between LiveWire and AEA-Bridges Impact Corporation (NYSE:IMPX) is on track to close in mid-2022.
READ
Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....
1RT Acquisition Corp. (NASDAQ:ONCHU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ONCHU”, Wednesday, July 2, 2025. The new SPAC plans to target company in the digital asset ecosystem involved in the creation, storage, exchange or management of such assets, whether...
D. Boral ARC Acquisition II Corp. (NASDAQ:ARBCU) has filed for a $250 million SPAC to give underwriter D. Boral a second in-house SPAC to pursue deals with. The new SPAC offers investors a 1/2 warrant and an initial 18-month time frame to complete a deal. D. Boral II’s sponsor may automatically extend this once by...
Ribbon (NASDAQ:RIBB) has entered into a definitive agreement to combine with Japanese biotech firm DRC Medicine at a pro forma equity value of $422 million. Tokyo-based DRC Medicine manufactures reusable anti-bacterial and anti-allergen wearables and aims to go deeper into the medical device and pharmaceutical space. Transaction Overview Ribbon is expected to provide $50.4 million...