At the SPAC of Dawn Ever since Digital World announced its combination with Trump Media (NASDAQ:DJT) back in October 2021, it was clear that SPACworld and the Trump show were set to be intertwined for quite some time. And, although not every headline has a bearing on the wider SPAC world, Trump Media’s post-close rise...
At the SPAC of Dawn This week, bookended by the end of Ramadan and the beginning of Passover, could wind up stacked with events to avoid those holiday times, but for now SPACs have scheduled just six extension votes for this stretch. Redwood (NASDAQ:RWOD) and Genesis Growth Tech (OTC:GGAAF) have yet to release results from...
At the SPAC of Dawn As portions of the market rallied suddenly yesterday from Wednesday’s inflation gloom, LiveWire (NYSE:LVWR) was among the surprising gainers. The manufacturer of electric motorcycles that spun out from Harley Davidson in a 2022 SPAC deal with AEA-Bridges has never been among the flashiest EV de-SPACs, but it has quietly provided...
At the SPAC of Dawn Yesterday’s high CPI readings may have dampened hopes of summer rate cuts, but the public markets do seem increasingly content to shoot towards the cosmos in terms of the new types of companies they hope to welcome. SPACs have been a major part of commercial space ventures accessing public capital,...
At the SPAC of Dawn While the dealmaking environment appears to be improving in the US, there are changes afoot down under that could have both positive and negative effects for SPAC deals completed in Australia. The country has hosted five SPAC transactions over the past two years, which has made it a low-key popular...
At the SPAC of Dawn As noted in Monday’s morning roundup, SPAC activity has slowed to start April, but one of today’s votes is notable for a variety of reasons. Screaming Eagle (NASDAQ:SCRM) shareholders are set to vote on the fourth-largest deal by enterprise value that has been announced since the start of 2023. The...
At the SPAC of Dawn The pace of votes has slowed as the calendar turns into the second week of April with three completion and extension votes each. Roth CH (NASDAQ:USCT) is also holding its vote to convert to a non-SPAC shell without a trust. This momentary slowdown isn’t necessarily a sign that the backlog...
At the SPAC of Dawn A busy week of Fed chatter culminates this week with an update on March’s job numbers at 8:30 am ET, which economists expect to come in at 275,000 new jobs added. Of course, great job news is not necessarily great rate cut news, but there has been increasing suspicion that...
At the SPAC of Dawn After a couple months of smaller IPOs with an overall inconclusive performance, the debuts of Reddit (NYSE:RDDT) and Astera (NASDAQ:ALAB) have seemingly put the first real wind into the sails of the IPO market. 2024 is now officially having the best start of the year for fresh IPOs since 2019...
At the SPAC of Dawn While a handful of de-SPACs have captured investor excitement in the bottle after close, it has seemed as though the days of SPACs trading significantly above their trust value before close were a particularity of the 2021 high times. The lone exception was of course Digital World, but AltC (NYSE:ALCC)...