Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SoundHound extends partnership with Snap, and Shuaa Capital says it wants to launch more SPACs in ‘quick succession’
SoundHound Inc. Extends Partnership With Snap to Provide Auto Captioning
SoundHound Inc., a global leader in voice artificial intelligence, today announced it has expanded its partnership with Snap Inc. to provide auto captioning services for Snapchatter videos. SoundHound’s advanced automatic speech recognition (ASR) software and ability to convert speech to text in real-time enables Snapchatters to automatically add a complete transcription of the audio portion of the Snaps they create.
SoundHound is in the process of becoming a public company through its expected merger with Archimedes Tech SPAC Partners Co. (NASDAQ: ATSP).
READAhead of Its First SPAC Approval, Dubai’s Shuaa Capital Says It Wants to Launch More In ‘Quick Succession’
Dubai-listed investment bank Shuaa Capital is still in the final stages before its first blank-check company can be listed on the Nasdaq in the United States, but the bank is already eager to launch more SPACs in the near future.
“The intention is to raise the other SPACs within quick succession,” said Fawad Tariq Khan, managing director and head of investment banking at Shuaa Capital. In 2021, the bank said it wanted to set up three such companies with capital of $200 million each.
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At the SPAC of Dawn As a rough week in the market comes to a close, at least one de-SPAC has some cause to show off. Many fashion brands were among the hard hit in recent days and not simply for macro reasons. Luis Vuitton-owner LVMH (PA:MC) dropped this week after an earnings miss led...
Shepherd Ave Capital Acquisition Corp. (Nasdaq: SPHAU) is the latest SPAC to file to IPO, making 24 new registration statements that have filed since June 1, 2024. So far, only two of those 24 have gone public, but it does indicate an active August. In SPACLand at least, August is never slow. As for Shepherd...
At the SPAC of Dawn SPACs have now priced 20 IPOs seven months into 2024 with an eye on beating 2023’s total of 31 IPOs. With a little more than 5 months left in the year, it’s expected that SPACs should at least match that number by only needing to price roughly two IPOs per...
DT Cloud Star announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DTSQU”, Thursday, July 25, 2024. The new SPAC aims to combine with an established business with long-term financial visibility, but has not limited itself to a particular industry or sector....
Launch Two (NASDAQ:LPBBU) has filed for a $200 million IPO that shows how the market has shifted for new issuance since its sister SPAC Launch One (NASDAQ:LPAAU) filed just over a month ago. Both SPACs are underwritten by Cantor Fitzgerald and seeking nominally the same raise at IPO, but Launch Two is overfunding its trust...