Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Iconiq Motors considers $4 billion deal and Redwire surges after closing combination
Chinese EV Startup Iconiq Said to Mull $4 Billion U.S. SPAC Deal
Chinese electric vehicle firm Iconiq Motors is considering going public in the U.S. through a merger with a blank-check company.
The startup is working with an adviser on a potential deal that could value the combined company at about $4 billion.
READRedwire Surges on NYSE Debut After Closing SPAC Deal
Space infrastructure conglomerate Redwire (NYSE:RDW) began trading on the New York Stock Exchange on Friday, joining a flurry of space companies closing SPAC mergers and going public.
Redwire, formed last year by private equity firm AE Industrial Partners, merged with Genesis Park, and now trades under the ticker “RDW.”
Shares of Redwire surged as much as 20% in trading from its previous close of $10.50.
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At the SPAC of Dawn September’s busy, but short, first week is set to keep rolling with three completion votes by Achari I (OTC:AVHI), Nova Vision (NASDAQ:NOVV) and Focus Impact (NASDAQ:FIAC) this week. All three of these have been postponed at least once, and could do so again, but Focus Impact has its transaction deadline...
Terms Tracker for the Week Ending September 6, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. It was a short holiday week and while it was light on filings, SPACs did manage to price two IPOs. That means 2024 has now...
Compass Digital (NASDAQ:CDAQ) has entered into a definitive agreement to combine with renewable energy firm EEW at a pro forma enterprise value of $386 million. London-based EEW is a solar, hydrogen and energy storage project developer with 1.4 GW of solar projects sold to date in Australia, the UK, Spain, and Sweden. The combined company...
Evergreen (NASDAQ:EVGR) has entered into a definitive agreement to combine with enterprise software firm Forekast at a pre-money enterprise value of $105 million. The company provides data analytics and customer engagement tools backed by some degree of AI automation to improve efficiencies for its business clients. The combined company is expected to trade on the...
At the SPAC of Dawn The auto-reply messages are off. SPACs are definitively back from vacation and in the thick of it. Two new SPACs are set to debut in trading today in Vine Hill (NASDAQ:VCICU) and Andretti II (NASDAQ:POLEU) and two SPACs have also landed their search on new targets, which could pull a...