Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SPAC deal makes CEO of Rumble a billionaire, Cano Health explores sale after receiving buyout interest, and Givaudan and LanzaTech announce collaboration
SPAC Deal Makes CEO of Conservative Video Platform a Billionaire
A SPAC deal has made the founder of a conservative social media platform a billionaire — and it’s not Donald Trump.
Chris Pavlovski, chief executive officer of Rumble Inc.(NASDAQ:RUM), is worth more than $1.8 billion after the lightly moderated video network — which features daily shows from hosts including Glenn Greenwald and Russell Brand — went public Monday by merging with a blank-check firm led by Cantor Fitzgerald’s Howard Lutnick. Pavlovski, who is Canadian, owns almost 140 million shares in the company, which he founded in 2013.
Also benefitting was Lutnick, the CEO and chairman of blank-check firm CF Acquisition Corp. VI. Through the SPAC sponsor, he now controls shares in Rumble valued at more than $148 million.
READCano Health exploring sale after receiving buyout interest
U.S. primary care provider Cano Health (NYSE:CANO) is exploring a sale and working with advisors after receiving acquisition interest, according to people familiar with the matter.
Cano Health has received buyout interest from potential buyers including Humana Inc and CVS Health Corp (NYSE:CVS), the sources said.
Cano, which went public last year through a merger with a special purpose acquisition company backed by billionaire Barry Sternlicht, received buyout interest after their poor results last month, prompting them to explore a sale, one of the sources said.
READGivaudan and LanzaTech announce their collaboration on developing fragrance ingredients from renewable carbon
Givaudan, a global industry leader in the world of scent and beauty, and LanzaTech NZ, Inc. (“LanzaTech”), an innovative Carbon Capture and Transformation (“CCT”) company have announced a collaboration for the development of sustainable fragrance ingredients from renewable carbon.
As previously announced LanzaTech has entered into a merger agreement for a business combination transaction with AMCI Acquisition Corp. II (Nasdaq: AMCI). Upon closing, the combined company is expected to trade on Nasdaq under the ticker symbol “LNZA”.
READMore Acquisition suspends shares due to planned Megasteel acquisition
More Acquisitions PLC on Friday suspended its shares from trading due to a planned acquisition of Wiltshire, England-based steel distributor Megasteel Ltd.
The special purpose acquisition company said Megasteel is valued at between GBP49.5 million to GBP63 million on completion of the acquisition. Consideration will involve the issue of between 2.2 billion to 2.8 billion new shares, at a price of 2.25 pence per share.
Megasteel is a distributor of high-quality steel for the prestressing and post-tensioning of concretes in the UK. Prestressed concrete is a critical building product used in the UK construction market.
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Melar I (NASDAQ:MACI) has entered into a definitive agreement to combine with Italian e-commerce firm Everli at a pro forma enterprise value of $247 million. Everli delivers groceries to consumers via in-store shoppers at a wide range of retailers in the Italian market. The combined company is expected to trade on the Nasdaq under the...
Spring Valley II (NASDAQ:SVII) has entered into a definitive agreement to combine with uranium miner Eagle Energy Metals at an equity value of $312 million. Eagle Energy holds the rights to two large uranium deposits near the Oregon-Nevada border that it aims to develop alongside its own small, modular nuclear reactor designs. The combined company...
The pace of lock-up expirations among de-SPACs and sponsors is set to slow in August as just four of each will become newly freed to trade their shares. Those with the most to gain from this new freedom this month are the company shareholders of eVTOL developer Joby (NYSE:JOBY). It last closed at $16.89 as...
At the SPAC of Dawn The return of the SPAC market has not depended on further interest rate cuts, but SPACs would have likely benefited had the Fed leaned that way yesterday afternoon. The market is still pointed up in the pre-market even in the absence of a cut, perhaps with the knowledge that dissent...
D. Boral Acquisition I Corp. (NASDAQ:BCARU) announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BCARU”, Thursday, July 31, 2025. The new SPAC plans mount a generalist search for a target company valued at $700 million or more in a sector aligned...