SPACs in the News
2024-03-27 at 1:31pm

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...

2024-03-27 at 7:33am

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....

2024-03-26 at 1:52pm

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...

2024-03-26 at 7:45am

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...

2024-03-25 at 1:36pm

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...

2024-03-25 at 7:49am

At the SPAC of Dawn The final week of the month and quarter is set to tie up a number of loose ends as five SPACs are to hold completion votes and five extension votes. Almost half of these have already been postponed or adjourned once and some procrastination into the second quarter remains in...

2024-03-22 at 1:46pm

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...

2024-03-22 at 7:42am

At the SPAC of Dawn Today is D-Day for Digital World (NASDAQ:DWAC) with its highly anticipated completion vote for Trump Media and Technology Group (TMTG) kicking off at 10 am ET. The live webcast can be accessed here and will open up with about 15 minutes of lead time. Investors have not been waiting to...

2024-03-21 at 1:29pm

News and Rumors PR: EV automaker VinFast (NASDAQ:VFS) has signed its first agreement to distribute its vehicles throughout Micronesia with Guam AutoSpot beginning in May 2024. VinFast combined with Black Spade in August 2023. PR: Electric motorcycle-maker LiveWire (NYSE:LVWR) has launched its S2 Mulholland model, which will retail for $15,999 and can accelerate to 60...

2024-03-21 at 7:55am

At the SPAC of Dawn With the interest rate cut schedule becoming clearer, the market may be ready to pivot to its plays for the year. That would be welcome news for the crop of SPACs working to close their deals in the coming weeks, two of which just released new investor presentations. In the...

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