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.
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Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...
At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...
McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...