Developing new medical treatments takes time and money, which is generally where investors come in. But, has managed to resolve many of those questions before SPAC investors will join the show.
This week, we speak with Abpro Chairman and CEO Ian Chan and Shahraab Ahmad, Chairman and CEO of Atlantic Coastal Acquisition Corp II (Nasdaq: ACAB). The two announced a $725 million dollar combination in September 2023.
Shahraab explains how Abpro came onto Atlantic Coastal II’s radar after the SPAC had originally been fishing in the mobility space, and why the particularities of its capital needs could be a fit for the current market conditions.
Ian also walks through Abpro’s clinical path moving forward and how it can use a mix of its internal discovery engines and M&A to expand its portfolio.
Give it a listen.
At the SPAC of Dawn This week comes with just five votes on the docket, but also 2025’s first new business combination. Colombier II‘s (NYSE:CLBR) tie-up with a firearms retailer marks a fitting start to a year of SPAC dealmaking just as a renewed Trump presidency takes charge and as conservative causes are on the...
Terms Tracker for the Week Ending January 3, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Thanks to both the Christmas and New Year’s holidays falling mid-week this year, it feels like markets have been treading water for a full two...
NewHold Investment Corp. III (NASDAQ:NHICU) has filed to return another repeat SPAC team to the mix aboard a $175 million vehicle that will be scanning the market for attractive technology targets. The new SPAC has some characteristics of a re-do, as it bears similar terms to the team’s last SPAC, NewHold II, which IPO’d in...
At the SPAC of Dawn While the SPAC market has yet to see the first new deal of 2025, we will see the first 2025 de-SPAC make its debut on the Nasdaq later today as Mars (NASDAQ:MARX) successfully closed its combination with security technology firm ScanTech (NASDAQ:STAI). This starts the year off small as the...
December 2024 corporate actions continues the trend of SPAC teams seeking additional extensions beyond their third round, as they work to close their combinations with the remaining funds after redemptions. Despite this activity, both announcements and corporate actions associated with completion votes were notably few this month. Extension Votes In December, there were 26 scheduled...