News and Rumors CNBC: Former WeWork (OTC Pink:WEWKQ) founder Adam Neumann has offered to buy back control of the company for $500 million but has yet to secure the necessary financing. WeWork went public with BowX in October 2021. PR: Satellite telecom firm Spire Global (NYSE:SPIR) has signed an agreement to build and launch two...
Bannix (NASDAQ:BNIX) has entered into a definitive agreement to combine with VisionWave Technologies for $30 million. The combined company is expected to trade on the Nasdaq once the deal is completed with an initial outside date of September 14. Transaction Overview Bannix has about $17 million in its trust after seeing 77.4% of its shares...
At the SPAC of Dawn Much of the attention yesterday was on tracking the swings of the newly-completed Trump Media (NASDAQ:DJT) deal with the FT going as far to suggest it may “make SPACs great again.” Not all of the day’s data points were on the positive side of the ledger, however. IB Acquisition Corp....
News and Rumors SpaceNews: Boeing (NYSE:BA) has sued Virgin Galactic (NASDAQ:SPCE) alleging the space tourism venture refused to pay $25 million it owed for design work and violated Boeing’s intellectual property rights. Virgin Galactic combined with Social Capital Hedosophia in 2019. Bloomberg: The most popular options contract for Trump Media (NASDAQ:DJT) predicts it to plunge...
APx (NASDAQ:APXI) has entered into a definitive agreement to combine with precision medicine firms OmnigenicsAI and MultiplAI at an enterprise value $340 million. Once combined, these companies will offer DNA tests to consumers linked to predictive insights on their nutritional and genomic health. The combined company is expected to trade on the Nasdaq under the...
At the SPAC of Dawn With the pricing of IB Acquisition Corp. (NASDAQ:IBACU), March now officially has two SPAC IPOs in the books but we”ll have to see if three price to match February’s numbers. The move brings 2024’s total count to six SPAC IPOs, which continues to be a slower pace than 2023, which turned...
Deals and Funding Keen Vision (NASDAQ:KVAC) has entered into a non-binding letter of intent with an unnamed biopharmaceutical company based in Boston with ongoing clinical trials. This allows Keen Vision to activate an automatic six-month extension, which will push its transaction deadline to October 27. Andretti (NYSE:WNNR) has signed a non-redemption agreement with Sandia Investment...
It is safe to say that no SPAC has been written about more often and more extensively than Digital World (NASDAQ:DWAC). It is thus with some wistfulness that SPACInsider reports that Digital World is no more, having completed its combination with Trump Media & Technology Group today. The combined company’s shares and warrants will begin...
ShoulderUp (NASDAQ:SUAC) has entered into a definitive agreement to combine with SEE ID at an enterprise value of $130 million. Las Vegas-based SEE ID provides warehouse management tools including IoT devices used for sorting and vehicle safety. The combined company is expected to trade on the Nasdaq under the symbol “DAIC” once the deal is...
News and Rumors Bloomberg: Digital World (NASDAQ:DWAC) has reportedly secured shareholder approval for its combination with Trump Media & Technology Group according to an unauthorized video streamed to de-SPAC’d social media platform Rumble (NASDAQ:RUM). Its shares have tumbled -5.6% on the news, briefly crossing below $40 today. TechCrunch: Inflection Point target Intuitive Machines (NASDAQ:LUNR) identified...