Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: VAM SPAC to take Supermoney public, SPAC listings gain momentum in Korea, and Starton Therapeutics receives authorization from FDA
Former Bulgari chief’s SPAC agrees deal for comparison site Supermoney
Supermoney and Dutch special purpose acquisition company VAM SPAC have signed a binding accord aimed at taking the online price comparison provider public, the companies said on Monday.
Shareholders of Supermoney, which offers price comparison and technology services mainly in the energy, gas and telecoms sectors, will buy a majority stake in VAM SPAC, which in turn will take 100% of the broker’s capital.
READLarge SPAC listings gain momentum in Korea
The Korean SPAC market with typical offerings of around 10 billion won ($800,000) is now witnessing consecutive listings of large-scale SPACs with over 30 billion won.
According to sources on Monday, KB Securities Co. is conducting book building for KB SPAC No. 24, which has a public offering size of around 32 billion won.
Starton Therapeutics Receives Authorization from the FDA to Proceed with STAR-LLD Lenalidomide Phase 1b Clinical Trial in Multiple Myeloma
Starton Therapeutics Inc., a clinical stage biotechnology company focused on transforming standard-of-care therapies with proprietary continuous delivery technology, today provided updates on its Phase 1b STAR-LLD clinical trial of its investigational continuous delivery lenalidomide in multiple myeloma.
Starton has signed an agreement for a business combination with Healthwell Acquisition Corp. I (Nasdaq: HWEL).
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At the SPAC of Dawn Pioneering an entirely new type of aircraft is necessarily a process fraught with turbulence, but eVTOL makers got a major lift Tuesday as the Federal Aviation Administration published its final ruling on “powered-lift” vehicles. This rule brings much needed clarity to the agency’s requirements for pilot training and operations and...
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...