Terms Tracker for the Week Ending February 21, 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 a shortened holiday week due to President’s Day, which meant no new IPOs priced. However, the market remained active with two new SPAC...

Part of the fun of the SPAC market is seeing the constantly evolving terms and approaches of teams in both securing their IPOs and their later business combinations. But, there are nonetheless a few hard rules to set the state of play among sponsors and investors, including sacrosanct deadlines for dispersing of trust funds back...

At the SPAC of Dawn  Car-sharing networks had their moment in the sun as hot items in the tech scene, with some hopes that the companies could grow to the same scale as vacation rental disrupters like AirBnB (NASDAQ:ABNB). But, signs are showing that this startup category may not be ready for the public markets....

Blue Water III (NASDAQ:BLUWU) has filed for a $200 million SPAC to follow up on the healthcare-focused sponsor’s 2021 pharmaceutical deal. This new SPAC is set to have 1/2 warrants in its units with no overfunding of its trust and a solid 24 months to complete a business combination. It is the third new S-1...

At the SPAC of Dawn  While yesterday brought news of better-than expected housing starts, albeit with slightly lower building permits beginning, today’s market news should include an update on jobless claims, which could be a key harbinger of the Fed’s rate cut policy. Other leading economic indicators are set to come in later in the...

CCIS Acquisition Corp (NASDAQ:CCACU) has filed for a $60 million SPAC that would bring a fresh new underwriter to the market in the smaller range of the spectrum. This is the first SPAC IPO filing by underwriter Benjamin Securities Inc. as left lead, although it served as co-manager for Plum IV‘s (NASDAQ:PLMKU) January 15 IPO...

Arogo Capital (OTC:AOGO) has entered into a definitive agreement to combine with Thai telecom Bangkok Tellink at a $350 million transaction value. Bangkok Tellink provides mobile phone service and eSIMS to the Thai market and operates as a virtual network aggregator in the country. Transaction Overview Arogo has less than $100,000 estimated in its current...

At the SPAC of Dawn  Conservative de-SPACs have been the belle of the ball ever since November’s election, but operational progress is what will provide some staying power for their stocks and the broader play that underpins their value story. To that end, Trump Media (NASDAQ:DJT) reported its financial position late last week in a...

Quetta Acquisition Corp. (NASDAQ:QETA) has entered into a definitive agreement to combine with auto equipment manufacturer KM QUAD for $300 million in equity consideration. Jiujiang, China-based KM Quad, also known as Lida Technology, produces automotive protective films such as window tinting as well as specialized films used in construction and battery use. The combined company...

At the SPAC of Dawn  SPACs filed plenty of business just ahead of the three-day weekend with one fresh deal announced and amendments to four searching and announced SPACs. Three SPACs also closed their business combinations to round out a highly productive week in SPACland. This week’s activity is likely to be less robust, with...