At the SPAC of Dawn SPACs are back on the board with a new deal announcement, which is the first in a little over two weeks. This brings the fourth quarter count on fresh deals to a still-meager nine after 27 were announced in the third quarter. By contrast, this quarter has still seen more...
At the SPAC of Dawn US market futures are green after the gut punch of news on slowing rate cuts, but there are now fresh concerns that the post-election rally may be short-lived. New clouds could be on the horizon as well in the form of a potential government shutdown as well as the implementation...
At the SPAC of Dawn As the countdown to the Fed’s 2 pm ET rate cut decision tick down, the space sector continues to be one of the main areas of SPAC activity most unblemished from the volatility ahead of the move. AST SpaceMobile (NASDAQ:ASTS) and Intuitive Machines (NASDAQ:LUNR) each finished up significantly in Tuesday...
At the SPAC of Dawn De-SPACs have continued to be able to raise significant capital this quarter. This morning, two more companies launched share offerings while another pulled in private capital funding from a strategic partner. This is a good sign for the ability of SPACs to raise PIPE capital for any forthcoming deals as...
At the SPAC of Dawn SPACs have scheduled eight extension votes ahead of what is frequently a busy Christmas week for the market, although none of these are set to complete a deal. There will also be plenty of economic indicator releases this week, but only manufacturing numbers slated for this morning. Meanwhile the market’s...
At the SPAC of Dawn As the sun sets on SEC Chair Gary Gensler’s term, so too is some of the conventional wisdom around SPACs that came to prominence immediately after the SPAC boom of 2020-2021. Aside from the fact that a large portion of the listed companies that emerged from that class are now...
At the SPAC of Dawn On Wall Street, it is always better to be early than late. And, this week the Street’s latest hot sector is one where SPACs got in ahead of the rush by a few years. Google’s (NASDAQ:GOOG) announcement of quantum computing advances lifted a raft of quantum computing firms, nearly half...
At the SPAC of Dawn As the market waits on new winks and nods from Fed Chair Jerome Powell’s press conference at 2:30 pm ET, a raft of de-SPACs are getting relief from another direction. SPACs have been a major player in getting autonomous driving ready to roll, with 10 lidar developers going public in...
At the SPAC of Dawn Tuesday brings a big day of US retail sales readings, which generally get outsized attention in the thick of the holiday season. A pair of US retail sales indicators are set to report at 8:30 am ET, while industrial production figures and capacity utilization are set for a 9:15 am...
At the SPAC of Dawn The second week of December kicks off with plenty of business on the schedule. Eight SPACs are holding votes of some kind while both Swiftmerge (NASDAQ:IVCP) and Mars (NASDAQ:MARX) ask their shareholders for approval of their deals. Swiftmerge has been working to take natural gas producer AleAnna public since June...