Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Forbes explores sale months after terminating SPAC deal and Interra refiles for Hong Kong listing
Forbes explores sale, hires Citigroup as banker
Forbes said on Tuesday it was exploring a sale of its business and had hired Citigroup to manage the process, months after it pulled out of a deal to go public through a SPAC.
“There were many interested parties, so we moved forward with a formal sale process and Citigroup was hired to manage this process,” a Forbes spokesperson said in an emailed response.
In June, Forbes sought to terminate its $630 million deal with former Point72 executive Jonathan Lin-led SPAC Magnum Opus (NYSE:OPA) to go public.
READInterra SPAC Refiles for Hong Kong Listing
A SPAC backed by Agricultural Bank of China Ltd.’s investment banking business has refiled for a listing in Hong Kong after its initial application lapsed.
Interra Acquisition Corp., which was among the first blank-check companies to file to offer its shares in Hong Kong when such vehicles were allowed earlier this year, filed an updated draft prospectus to the local bourse late Tuesday, days after its January application lapsed.
Interra, which is backed by ABCI Asset Management and investment firm Primavera Capital Group, plans to invest in high-growth companies focusing on China and nearby regions that specialize in sectors like innovative technology, consumer and new retail, advanced manufacturing, healthcare and climate action.
Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...
At the SPAC of Dawn Lately de-SPACs have been announcing corporate moves of a kind frequently in trios as was the case earlier this week when WeBull (NASDAQ:BULL), AST SpaceMobile (NASDAQ:ASTS) and Quantum-Si (NASDAQ:QSI) all announced major equity raises. This week, it is a trio of de-SPACs making reverse stock splits in unison, which is...
A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....