At the SPAC of Dawn This week comes to an end with a flurry of SPAC votes including three special meetings called for shareholders to approve business combinations. Aetherium (OTC:GMFI) was also scheduled to seek shareholder approval for its extension proposal, but has punted this vote for two weeks to June 13. Two of today’s...
At the SPAC of Dawn After multiple days of market rallies, traders are set to ingest a full plate of economic indicators today with jobless claims coming first, followed by a GDP growth revisions, home sales and a raft of Fed comments. GDP figures for the first quarter are broadly forecast to be revised downward...
At the SPAC of Dawn The intertwined rebound between SPACs and crypto continues apace this week on all ends of the SPAC lifecycle. Two more de-SPACs announced major moves towards creating Bitcoin treasuries yesterday, with Trump Media (NASDAQ:DJT) of course truly jumping in with both feet. It will use a mix of a $1.5 billion...
At the SPAC of Dawn After a scant May for new SPAC deal announcements, both Investcorp Europe I (OTC:IVCBF) and A SPAC III (NASDAQ:ASPC) unveiled new business combinations coming out of Memorial Day weekend. While both deals are on the smaller side, they both represent somewhat different processes as well. Investcorp Europe I IPO’d back...
At the SPAC of Dawn Betsy Cohen’s team is back with a new S-1 filing for Cohen Circle II (NASDAQ:CCIIU). The filing is good news for the health of the SPAC market as it represents something of a second wave of SPACs by the serial sponsor teams. Cohen Circle I (NASDAQ:CCIR) listed in October 2024...
At the SPAC of Dawn After trickling down to $12.82 at one point in the past year, Sable Offshore (NYSE:SOC) is back on a hot streak now that its oil operations are fully up and running. Having merged with Flame in February 2024, Sable became SPACInsider’s deal of the year, based on the vision that...
At the SPAC of Dawn Tariffs continue to show up in the earnings and corporate moves of de-SPACs. This week, crypto firm Cipher Mining (NASDAQ:CIFR) noted that a major impetus for its offering of $150 million of convertible notes was the expected need to pay tariffs on the server equipment it is importing for its...
At the SPAC of Dawn Welsbach Technology Metals (OTC:WTMA) have given some extra reading material for shareholders ahead of its vote to approve its combination with Evolution Metals next month in the form of the duo’s first investor presentation for the deal. The presentation details Evolution’s plan to build up a rare earth processing facility...
At the SPAC of Dawn A busy week of Fed speaking engagements is set to follow this week after Moody’s late Friday downgrade of US debt, which has left markets in the red through the weekend. SPACs may dodge some of the early fallout from the from the switch from AAA to AA1, as none...
At the SPAC of Dawn The faucet of new SPACs to market is fully open with two more new SPACs pricing overnight and Churchill X (NASDAQ:CCCXU) already fully over-allotted after its May 14 IPO. Of the two IPOs Wen Acquisition Corp (NASDAQ:WENNU) showed particular speed, having filed its initial S-1 just over two weeks ago...