Gores Holdings X, Inc. (NASDAQ:GTENU) has filed for a $260 million SPAC to continue building the consistent track record of the Gores team. This is to be the team’s first outing with Santander as its underwriter after all 15 previous Gores SPACs were underwritten by Deutsche Bank. Of these, 14 made it to an IPO...

Ares Acquisition Corporation II (NYSE:AACT) has entered into a definitive agreement to combine with autonomous trucking firm Kodiak at a pro forma enterprise value of $2.67 billion. Mountain View, California-based Kodiak has developed driverless heavy truck technology for the industrial, logistics and defense sectors. Transaction Overview Ares II has an estimated $556 million in trust...

At the SPAC of Dawn Trade tensions may have claimed two business combinations as casualties last week, but they have not stopped deal flow altogether as Ares II (NYSE:AACT) still moved forward with its own announcement this morning. The deal was first rumored to be close early last month during simpler times for the market....

Terms Tracker for the Week Ending April 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. It was another chaotic week for the broader markets, but the SPAC market held its ground—sort of. Despite the volatility, SPACs priced one IPO, announced...

At the SPAC of Dawn The past month’s rocky intersection of politics and economics continues to have up-and-down effects for de-SPACs. The latest to get a boost this week was Latin American real estate developer Murano Global Investments (NASDAQ:MRNO). The 2024 merger target of HCM saw a one-day gain of +9.2% propel its share price...

Pelican Acquisition Corporation (NASDAQ:PELIU) has filed for a $75 million SPAC to find a technology target as its team builds on ties to a pair of other recent deals. This new SPAC is not over-funded and has one right to a 1/10 share in each unit, but it will only have 15 months to initially...

International Media Acquisition Corp. (OTC:IMAQ) has entered into a definitive agreement to combine with energy firm VCI Biofuels Group at an enterprise value of $1 billion. Vietnam-based VCI aims to develop a production hub for sustainable aviation fuel for the Asian market. The combined company is expected to trade on the Nasdaq once the deal...

At the SPAC of Dawn The Trump administration’s midday decision yesterday to do a sudden pause on most of its tariffs sent markets skyrocketing and allowed many de-SPACs to retrieve significant ground lost since the beginning of the year. The biggest gainer on the session was Israeli cybersecurity firm HUB Cyber Security (NASDAQ:HUBC), which also...

Twelve Seas Investment Company III (NASDAQ:TWLVU) has filed for a $150 million IPO to hunt specifically for an international target at a time when markets have been roiled by an ever-shifting trade war. Such a bet could open up interesting opportunities as the highest performing de-SPAC to close since the US presidential elections has been...

At the SPAC of Dawn Amid the present market volatility, companies have been doing their best to hang on. But, for companies that just closed their de-SPAC transactions, the combination of the present headwinds and the usual post-close share turnover has been a mighty storm indeed. The 21 companies that have closed deals since the...