At the SPAC of Dawn This week has been partially defined by market reactions to the core PPI inflation numbers that came out yesterday, but today’s session will receive fresh inputs on US retail, manufacturing and industrial production figures. SPACs also have to contend with public market reactions to new issuance that has not been...
At the SPAC of Dawn It is only halfway through the month of August, but teams have already filed S-1s for 12 new SPACs, matching the total for all of July. Underwriter Cohen & Company has been responsible for half of this flow and four of its flock were rolled out just this week. This...
At the SPAC of Dawn What’s in a name? Apparently quite a lot. While many companies use SPAC transactions as a means of launching a rebirth, many have also taken the chance for a re-rebirth once public. This week, saw a raft of de-SPACs change their names to either move in a radically different direction...
At the SPAC of Dawn The market may be on tenterhooks today as new CPI numbers roll out, but the SPAC market is rolling on as well. Two SPACs are expected to join their 236 listed brethren on the public markets today, having priced their IPOs after hours. The 101st and 102nd new S-1s of...
At the SPAC of Dawn With an increasingly thick crowd of crypto treasury deals coming to market via SPACs simultaneously, there was a sign late last week that they may now be coming at a one-in-one-out basis. A proposed combination between Gores X (NASDAQ:GTEN) and Joe McCann-led Solana treasury has reportedly fallen through according to...
At the SPAC of Dawn An arms race is heating up among eVTOL de-SPACs as several near the commercial launch of their first air taxis. Earlier this week, Joby (NYSE:JOBY) made one big shot across the bow by agreeing to buy out the heli-taxi business of fellow de-SPAC Blade (NASDAQ:BLDE) for $125 million. Its de-SPAC...
At the SPAC of Dawn The pace of SPAC deal announcements continues to heat up in August, which is typically a slow time of year in the capital markets. Consider that in all of Q1 2025, there were only 12 total deal announcements, and just 17 in Q2. We’re only halfway through Q3, but SPACs...
At the SPAC of Dawn While a variety of signs have been pointing up for the reborn SPAC market for some months now, a return to low redemptions is one that more time is needed to assess. Black Spade II and JVSPAC are the only SPACs that IPO’d in 2024 or later that have managed...
At the SPAC of Dawn Most SPACs make a handful of revisions to their S-1s before they are fully ready for an IPO. But, it is fairly rare for a SPAC to file an amended S-1 on the same day it filed its initial draft. That was the case however with New America I. New...
At the SPAC of Dawn August continues on with five SPAC votes on the docket: two extensions, two completions and one proposal to change the name of Aifeex Nexus Acquisition Corporation (NASDAQ:AIFE) to “Pantages Capital Acquisition Corporation”. The SPAC, which IPO’d nine months ago in December 2024, would then seek to change its trading symbols...