Horizon Space II (NASDAQ:HPSTU) has filed for a $60 million IPO to be the latest entry in the smaller tier of SPACs and underwriters to put a fresh try in motion. Since August 1, nine of the 17 new SPAC S-1’s have sought less than $200 million in their IPOs and smaller institutions like BTIG...
Flag Ship (NASDAQ:FSHP) has entered into a definitive agreement to combine with optoelectronics firm Great Rich Technologies (KOSDAQ:900290) for undisclosed terms. Great Rich manufacturers polypropylene products for consumer electronics including precision films and coatings for sensitive instruments. The combined company is expected to list American Depositary Shares (ADSs), which will trade on the Nasdaq once...
At the SPAC of Dawn With one new entry in each of the SPAC deal, IPO and new S-1 filing columns, there are revived hopes that the market will regain the pace it had set in August and September. Aldel Financial II Inc.‘s (NASDAQ:ALDFU) IPO slated for today is October’s fourth after September turned out...
Aldel Financial II Inc. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ALDFU”, Tuesday, October 22, 2024. The new SPAC plans to combine with an established business of scale with prospects for positive cash flow and the infrastructure to handle being...
Investcorp AI (NASDAQ:IVCA) has advanced to a definitive agreement to combine with software firm Bigtincan (ASX:BTH) at an equity value of $275 million. Sydney, Australia-based Bigtincan provides a software platform for enterprise clients to onboard and optimize employee performance. The combined company is expected to trade on the Nasdaq once the deal is completed in...
Terms Tracker for the Week Ending October 18, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. October has had back-to-back religious holidays, which has kept things on the quiet side, including for this week. And while that’s generally to be expected...
SPACs have been involved in vaulting forward energy supplies of many types in recent years, but a confluence of factors – including from other hot SPAC target sectors – could have more teams taking another look at nuclear power. This week, Google (NASDAQ:GOOG) signed a “world first” deal to buy energy from a fleet of...
Continental Stock Transfer & Trust announced this morning that it has filed an action in the New York Supreme Court against Canna-Global (OTC:CNGL), its CEO and legal counsel over 724,000 SPAC shares the SPAC erroneously issued this summer. Because these shares were not backed by any type of per-share investment in the SPAC, they would...
This week, the SPACInsider Podcast delves into some of the tax and accounting issues that SPAC teams should be considering as we approach both the Presidential election and the end of 2024. Mark Deters and Ryan Bixenman, partners at WithumSmith+Brown, join us to help break it all down. For example, what does it mean for...
Terms Tracker for the Week Ending October 11, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week was sandwiched in between the Rosh Hashanah and Yom Kippur holidays, and as such, it was on the lighter side for news. In...