Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Ambipar buys Witt O’Briens for $161.5M, SPAC winter spreads to Middle East with two deals delayed, and Wag! partners with Babylist
Brazil’s Ambipar buys Witt O’Briens in $161.5 mln deal
Brazilian environmental services provider Ambipar said on Wednesday it bought Witt O’Briens for an enterprise value of $161.5 million, pushing ahead with its global expansion.
The deal, made through its subsidiary Ambipar Response, marks the company’s entry into Asia and Oceania markets and strengthens its presence in the continents where it already operates, Ambipar said in a securities filing.
SPAC Winter Spreads to Middle East With Two Deals Delayed
Concerns over the blank-check industry are spreading to the Middle East, dealing a blow to the region’s SPAC market that barely got off the ground.
Babylist and Wag! Join Forces To Help Pet Parents Welcome Baby Home
Babylist, the leading vertical marketplace and commerce destination for baby, and Wag! (Nasdaq: PET), a platform for busy pet parents, offering access to five-star dog walking, pet sitting, expert pet advice, wellness plans, and one-on-one training from a community of local pet caregivers, are helping new parents make the transition of bringing home a new baby a little easier.
READLevere SPAC’s Finance Chief Steps Down
Levere Holdings Corp. (NASDAQ:LVRA) said Tuesday that Stefan Krause, its chief financial officer and chief investment officer, intends to resign immediately.
The SPAC disclosed in a securities filing that Mr. Krause had given notice of his plans, and that the departure “was not a result of any disagreement with the company on any matter relating to its operations or its accounting or financial policies or procedures.”
READLanzaTech CEO Highlights Company Role as a Synthetic Biology Leader at White House Event Celebrating Biotechnology
LanzaTech NZ, Inc., an innovative Carbon Capture and Transformation company that transforms waste carbon into materials such as sustainable fuels, fabrics, packaging and other products that people use in their daily lives, today announced that Dr. Jennifer Holmgren, CEO of LanzaTech participated in the Summit on Biotechnology & Biomanufacturing for the American Bioeconomy today at The White House.
As previously announced LanzaTech has entered into a merger agreement for a business combination transaction with AMCI Acquisition Corp. II (Nasdaq: AMCI).
READ
Stellar V Capital Corp. (NASDAQ:SVCCU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SVCCU”, Thursday, January 30, 2025. The new SPAC intends to pursue a broad search process but with a focus on completing a combination with an established business of...
Cartesian Growth Corporation III has filed for a $200 million SPAC to give the Cartesian Growth team a fresher searching vehicle as it seeks to build on the success of its first business combination. The new SPAC has not overfunded its trust and will distribute 1/2 warrants inside of its units. This is something of...
Gesher Acquisition Corp. II (NASDAQ:GSHRU) has filed for a $125 million SPAC to bring an Israeli tech firm public with the help of underwriter BTIG. The Gesher team notched its first SPAC deal in 2023 after pricing its IPO in 2021, underwritten by EarlyBirdCapital with similar terms. This time it is shooting for a raise...
At the SPAC of Dawn The ripples cast by DeepSeek’s shockingly cheap AI model continue to be felt across the preferred target sectors of SPACs and many de-SPACs are attempting to show they can roll with these new punches. Indian car insurance technology de-SPAC Roadzen (NASDAQ:RDZN) just announced that it was integrating DeepSeek into its...
FG Merger II Corp. (NASDAQ:FGMCU) announced the pricing of its $80 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FGMCU”, Wednesday, January 29, 2025. The new SPAC intends to combine with a target company in the financial services industry in North America. FG Merger II’s sponsor team...