At the SPAC of Dawn Two SPACs have scheduled shareholder votes for this week including Bukit Jalil 1‘s (NASDAQ:BUJA) special meeting to approve its combination with Global IBO Group later today. The SPAC still has about half of its $50 million trust in tact going into the vote and Global IBO’s core business of providing...
At the SPAC of Dawn The year’s first big IPO has arrived, and its wings have already been trimmed before it got out the gate. AI chip firm CoreWeave had been aiming to price at a range of $47 to $55 per share, which would have valued the company at $26.5 billion at the top...
At the SPAC of Dawn Another day, another wave of trade war news as US President Donald Trump has announced fresh 25% tariffs on all imported automobiles on April 3 in addition to the new customs duties expected to come into force on April 2. These moves cut across a wide swath of SPAC target...
At the SPAC of Dawn Rain or shine, legal challenges for SPACs do not appear to be going anywhere. Cornerstone Research found this week that the number of securities class action lawsuit settlements increased +6% in 2024 and suits targeted at SPACs or de-SPACs represented 19% of this total. On the plus side, the median...
At the SPAC of Dawn A new conservative stock with meme potential is further taking shape as the market finds its footing this week. Firearms marketplace GrabAGun nominated its Board that will take their seats after the company completes its combination with Colombier II (NYSE:CLBR) anticipated later this summer. This Board includes Donald Trump Jr.,...
At the SPAC of Dawn March’s penultimate week is slated to be its busiest in terms of SPAC votes with four special meetings to approve business combinations on the docket as well as two extension votes. A pair of these votes has already been postponed once, so some events may be punted into the next...
At the SPAC of Dawn Much of the theses around the stampede of SPAC deals with EV makers during the boom boiled down to, “Can any EV brand catch up to Tesla? And, if so, would you want to be able to hop in as an investor now?” Investors at the time answered that there...
At the SPAC of Dawn Futures continue to be green following a “hold steady” message out of the Fed and heading into jobless claims numbers and other indicators. US President Donald Trump has weighed in that he would like to see a rate cut sooner rather than later and differed with the body’s predictions on...
At the SPAC of Dawn Futures have tipped slightly green in anticipation of the Fed’s rate cut decision and follow several trading sessions in a row that ended positively in European markets. SPAC filings have meanwhile been notably light this week overall, as the uncertainty may have caused some pauses in activity as teams wait...
At the SPAC of Dawn March gets its first SPAC IPO on the board later today as Quartzsea (NASDAQ:QSEAU) priced its slightly upsized $72 million offering after hours yesterday. Cohen Circle I (NASDAQ:CCIRU) also announced just the second deal of the month as well, and it is one that could hardly be more topical. The...