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...
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...
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...
Titan Acquisition Corporation (NASDAQ:TACHU) announced the pricing of its $240 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TACHU”, Wednesday, April 9, 2025. The new SPAC aims to identify a combination target in the financial services or tech-enabled services fields. Titan Acquisition Corporation is led by Chief...
New Providence Acquisition Corp. III (NASDAQ:NPACU) has filed for a $261 million SPAC to hunt for a consumer target following on the success of the team’s first deal in space. The new SPAC features solidly pro-team terms with 1/3 warrants in its units and 24 months to initially complete a business combination. New Providence III...
Lakeshore Acquisition III Corp. (NASDAQ:LCCCU) has filed for a $60 million IPO with an attempt to go three-for-three with completed deals in its SPAC series after the team earlier closed deals in medical devices and agtech. All three of these SPACs have gone forward with different underwriters and this time will be represented by Alliance...