Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Maritime Launch Services in merger talks with Ceres SPAC, Getty Images renews multi-year video partnership with AFP, and Bowlero sees surge in revenue
Rocket Launch Firm Maritime Said in Merger Talks With Ceres SPAC
Maritime Launch Services Ltd., a Canadian startup that owns a spaceport for commercial rocket launches, is in talks to go public through a merger with blank-check firm Ceres Acquisition Corp.
Ceres is in discussions to raise a PIPE to support a transaction that would give the combined company a valuation of about $530 million.
READGetty Images and AFP Sign Multi-Year Renewal of Video Partnership
Global visual content creator and marketplace Getty Images and Agence France-Presse (AFP), a leading global news agency, today announced the renewal of their multi-year video partnership. Since 2009, the global visual content companies have worked in partnership, leveraging their complementary strengths to ensure premium and comprehensive video coverage of global events reaches video creators around the world.
CC Neuberger II (NYSE:PRPB) entered into a definitive agreement to combine with visual content marketplace Getty on December 10.
READBowlero Sees Revenue Surge on Return of In-Person Bowling
Bowlero Corp. (NYSE: BOWL) showed strong results for the second quarter of fiscal year 2022 driven by recovery in walk-in retail revenue from the pandemic.
Bowlero saw revenue grow to over $200 million, increasing 177% year-on-year and 11% relative to pre-pandemic levels, beating analyst estimates. The return of in-person bowling also saw adjusted EBITDA grow to $66.8 million, up 26% relative to pre-pandemic levels, and also beating estimates.
Isos Acquisition Corp. announced in mid-December that its shareholders approved its combination with Bowlero.
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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...