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The Latest Breaking News from SPAC

Merger Arbitrage Mondays - Berkshire Hathaway Acquires Insurer Alleghany For $11.6 Billion

Merger activity decreased last week with three new deals announced and two deals completed. Alleghany Corporation (NYSE: Y)

Benzinga

China Offers Up Luxury Investment With Lanvin Backdoor Listing Plan

Key Takeaways:

Benzinga

What The Covfefe Is Going On With Digital World Stock?

Digital World Acquisition Corp (NASDAQ: DWAC), the SPAC merging with Trump Media & Technology Group, was trading slightly higher on Thursday in a strong uptrend. An uptrend occurs when a stock consistently makes a series of higher highs and higher lows on the chart.

Benzinga

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The Daily Biotech Pulse: Novartis Prostate Cancer Drug Lands FDA Approval, Ligand Announces SPAC Deal To Spin Off Antibody Business, Lilly's Lung Cancer Therapy Hit With CRL

Here's a roundup of top developments in the biotech space over the last 24 hours:

Benzinga

Ligand To Spin-Off OmniAb Via Avista Capital-Backed SPAC Merger

Ligand Pharmaceuticals Inc (NASDAQ: LGND)

Benzinga

Why Allego Shares Are Surging

Allego NV (NYSE: ALLG) shares are trading significantly higher Wednesday after the company announced the completion of its SPAC merger agreement with Spartan Acquisition Corp, which resulted in 98% of the company notes being redeemed at the merger vote.

Benzinga

Fosun Luxury Arm Lanvin Plans New York SPAC Debut

The luxury fashion company plans to list via a blank check merger with an affiliate of Primavera Capital

Caixin Global

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Lanvin Group, Owned by China’s Fosun, Plans New York Listing via SPAC

Lanvin Group, the luxury fashion company owned by Chinese conglomerate Fosun International Ltd, said on Wednesday it plans to list in New York by merging with a special purpose acquisition company (SPAC) and aims to raise up to $544 million to fund its global expansion ambitions. Lanvin Group, which manages…

Asharq Al-Awsat

Merger Arbitrage Mondays - Anaplan To Be Acquired By Thoma Bravo For $10.7 Billion

We see a lot of chatter about potential deals every week and while most of these deals don't come to fruition, a surprisingly large number do. We analyzed 200 potential deals in our "deals in the works" (DITW) database in December 2018 and updated our analysis in October 2021 after…

Benzinga

Vickers Venture SPAC To Merge With Sorrento Therapeutics' Pain-Focused Subsidiary

Vickers Venture Partners' special purpose acquisition company Vickers Vantage Corp I (NASDAQ: VCKA) will merge with Scilex Holding Company, focused on developing and commercializing non-opioid therapies for acute and chronic pain.

Benzinga

Acciona Plans To Invest $30M In Eve

Eve UAM, LLC, an Embraer SA (NYSE:ERJ) company, has established a strategic partnership with Acciona to accelerate the development of a global and sustainable Urban Air Mobility ecosystem. Acciona is a provider of regenerative solutions for a decarbonized economy. Related: EVTOL Company Eve Gets Spin Out From Embraer, SPAC Deal: What Investors Should Know As…

Benzinga

Merger Arbitrage Mondays - Google (GOOG) Acquires Cybersecurity Firm Mandiant (MNDT)

Merger activity declined last week with three new deals announced and five deals completed. Two of the three new deals announced were potential deals in the works. I was surprised to see that four SPAC combinations were terminated. Clearly the SPAC bubble continues to deflate due to unfavorable market conditions.

Benzinga

Surgical Robot Maker Memic Terminates SPAC Merger

Memic Innovative Surgery Ltd has pulled out of a reverse merger deal with MedTech Acquisition Corporation (NASDAQ:MTAC), a special purpose acquisition company (SPAC) focused on medical technology. Last August, Memic announced its merger with MedTech Acquisition Corporation to take the surgical robot public. As of this week, however, the deal is off. Memic is a developer of…

Benzinga

Why Spire Global Shares Are Rocketing Higher Wednesday

Space data and analytics company Spire Global Inc (NYSE: SPIR) reported fourth quarter and fiscal year preliminary results after market close Wednesday. Here’s the highlights and why shares are racing higher.

Benzinga

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Benzinga

A SpaceX Deal Has This Small-Cap Space Stock Running

A small-cap space communications company signed a agreement with one of the largest space companies Wednesday, causing shares to spike higher.

Benzinga

This Carbon Solutions Firm Looks To Go Public Via $2.2B SPAC Merger With AMCI

LanzaTech NZ Inc looks to go public via a special purpose acquisition company (SPAC) AMCI Acquisition Corp II (NASDAQ:AMCIW), the Wall Street Journal reports. The SPAC deal values the carbon-capture and transformation company at ~$2.2 billion. LanzaTech traps carbon emitted during industrial processes and uses bacteria to convert the waste gas into sustainable…

Benzinga

This Satellite Semiconductor Firm Looks To Go Public Via SPAC Merger With Endurance

Bloomberg reports that satellite semiconductor provider SatixFy Communications Ltd agreed to go public via a special purpose acquisition company (SPAC) merger. SatixFy's deal with Endurance Acquisition Corp (NASDAQ:EDNC) will give the combined company a pro forma implied equity value of about $813 million. Israel-based SatixFy is a fabless semiconductor company providing products based on its own…

Investors Business Daily

SPACs Hit A Speed Bump As Withdrawals Of IPO Plans Increase

SPAC stocks have been underperforming, causing a growing number of special purpose acquisition companies to withdraw IPO plans.

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Benzinga

Beauty Software Maker Looks To Go Public Via $1B SPAC Merger

Perfect Corp, an Asian startup, agreed to go public via a special purpose acquisition company (SPAC) merger with Provident Acquisition Corp (NASDAQ:PAQC). Perfect is the world's leading provider of AI and AR SaaS solutions to the beauty and fashion industries. The transaction gives the business an enterprise value of $1 billion. The business combination…

Axios

Trump is blowing Truth Social's launch

The SPAC that agreed to take Truth Social public is valued at over $3.5 billion. Investors will begin paying attention at some point.

Benzinga

I-Mab Co-founds a SPAC: What's Up With That?

Key Takeaways: Vivere Lifesciences Acquisition Corp., whose co-founders include U.S.-listed I-Mab, could become the first Hong Kong SPAC backed by a U.S.-listed Chinese company The SPAC is targeting Chinese or multinational companies with Chinese operations in the health sector By Fai Pui

Benzinga

Merger Arbitrage Mondays - Standard General Acquires Tegna For $8.6 billion Or $24 Per Share In Cash

Merger activity remained steady with five new deals announced, four deals completed and one deal terminated. Two of the five new deals announced were potential deals in the works. TEGNA Inc. (NYSE: TGNA)

Benzinga

SQFT: SPAC Initiative Creates Potential for SQFT to Participate in its Potential Upside

By M. Marin NASDAQ:SQFT READ THE FULL SQFT RESEARCH REPORT

Benzinga

Gene Therapy Player Amicus Therapeutics Terminates SPAC Merger, Shares Fall

Amicus Therapeutics Inc (NASDAQ: FOLD) has terminated its plans to spin off its gene therapy assets, citing 'existing market conditions.'

Benzinga

The Daily Biotech Pulse: Orphazyme Plunges On Regulatory Setback In Europe, Pulmonx Earnings Disappoint, Amicus Declines To Spin Off Genetic Medicine Company

Here's a roundup of top developments in the biotech space over the last 24 hours:

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