The Latest SPAC News and Rumors: June 7, 2023
by Marlena Haddad on 2023-06-07 at 11:34am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: SMX to create new subsidiary, trueSilver, and enters into exclusive agreement with Sunshine Minting 


SMX Extending Metals Business with trueSilver Aiming Both for Fashion Luxury and Bullion Products

SMX (NASDAQ:SMX) is pleased to announce that it is in the process of creating a new subsidiary, trueSilver, and has entered into a 120 day exclusive agreement with Sunshine Minting Inc., to create a path to full transparency and traceability for silver products from mine site to final products and recycling and the creation of an industry standard.

SMX completed its business combination with Lionheart III in March.

READ

 

Recent Posts
by Nicholas Alan Clayton on 2023-11-20 at 11:03am

Plenty of stocks are rebounding this month as the market broadly rallies on signs that the age of rate hikes is ending, but DraftKings (NASDAQ:DKNG) is on an uncommonly sharp trajectory among recent de-SPACs. The digital gaming and betting platform, which combined with Diamond Eagle in April 2020, opened 2023 trading at $11.63 – nearly...

by Nicholas Alan Clayton on 2023-11-20 at 7:41am

At the SPAC of Dawn Public companies of all stripes tend to bury news ahead of holidays and SPACs are no different. Four SPACs have announced their intent to liquidate since market close on Friday and three of these had previously agreed to business combinations. The last cluster of broken deals and liquidated SPACs this...

by Kristi Marvin on 2023-11-18 at 11:48am

Terms Tracker for the Week Ending November 17, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. SPACs saw another IPO this week from Global Lights Acquisition Corp. (Nasdaq: GLACU), the $60 million offering from Chardan, which had an impressive first day...

by Nicholas Alan Clayton on 2023-11-17 at 11:14am

Bellevue Life Sciences (NASDAQ:BLAC) has entered into a definitive agreement to combine with Korean healthcare holding company OSR for undisclosed compensation. Seoul-based OSR is a conglomerate of several biotech firms advancing drug candidates as well as a medical device distributor. Transaction Overview Bellevue has about $36.4 million in its current trust having seen 49.7% redeemed...

by Nicholas Alan Clayton on 2023-11-17 at 7:38am

At the SPAC of Dawn A largely positive week is coming to end with a summit that appears to have brought an autumn chill to simmering tensions between the US and China. Chinese President Xi Jinping and US President Joe Biden each offered olive branches and offhand “dictator” comments aside, both appeared to want to...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved