Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Former Rusal chief launches London’s first mining SPAC, LanzaTech partners with Northwestern, Yale and NREL to establish new biology center, and Jupiter Wellness initiates clinical trial for new treatment for tinnitus
Former Rusal chief launches London’s first mining SPAC
One of the most prominent Anglo-Russian executives in the metals industry is seeking to raise $125mn for a new mining venture through a London-listed special purpose acquisition company. Artem Volynets, former chief executive of EN+ Group, believes now is a good time for mining deals, particularly for critical metals such as copper and cobalt, despite difficult market conditions.
The new blank-check fund, ACG, is seeking to raise up to $125mn in its initial public offering on Thursday and will identify a target mine producing copper, nickel, cobalt or another metal.
READLanzaTech, Northwestern University, Yale University, and NREL to Establish New Center for Multi-Scale Synthetic Biology
The U.S. Department of Energy (DOE) recently announced $178 million for bioenergy research to advance sustainable technology breakthroughs that can improve public health, address climate change, improve food and agricultural production, and create more resilient supply chains.
A team from Northwestern University, LanzaTech NZ, Inc. (LanzaTech), Yale University, and National Renewable Energy Laboratory (NREL) received $18.5 Million in funding from this grant for integrating cell?free systems and genome engineering to accelerate biosystems design for carbon?negative biomanufacturing.
LanzaTech has entered into a merger agreement for a business combination transaction with AMCI Acquisition Corp. II (Nasdaq: AMCI).
READJupiter Wellness Initiates Clinical Trial for Potential New Treatment for Tinnitus
Jupiter Wellness, Inc. (Nasdaq:JUPW), a wellness company focused on hair loss, eczema, burns, and sexual wellness announced today the initiation of a triple-blinded clinical study evaluating a possible treatment for tinnitus. To date, no effective treatment exists for tinnitus.
READFG 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...
Rising Dragon (NASDAQ:RDAC) has entered into a definitive agreement to combine with logistics technology firm HZJL Cayman for $350 million in initial share consideration. Hangzhou, China-based HZJL provides marketing services for small and medium-sized businesses through an online software application. The combined company is expected to trade on the Nasdaq. Transaction Overview Rising Dragon has...
At the SPAC of Dawn The sudden flurry of SPAC deal activity continued past the closing bell yesterday as one more definitive agreement and a “a mutual indication of interest” were each announced, bringing 2025’s tally to five new business combinations. There had not been a day with more than one business combination announced at...
Drugs Made in America Acquisition Corp. (NASDAQ:DMAAU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DMAAU”, Tuesday, January 28, 2025. The new SPAC intends to combined with a target company in the pharmaceutical industry that has products derived from plant-based raw...
Black Spade II (NASDAQ:BSII) has entered into a definitive agreement to combine with World Media and Entertainment Universal at an equity value of $488 million. World Media is a bundle of assets including fashion publications and hotel properties held by AMTD Group and its subsidiaries. The combined company is expected to trade on a US...