Posts
September 25 2024
NYSE Cancels Proposal To Extend SPAC Merger Deadlines
The New York Stock Exchange has pulled a proposal that would have provided special purpose acquisition companies with more time to complete mergers while remaining listed, several months after it sought regulatory approval for the extension.
www.law360.com
September 23 2024
As a group, special purpose acquisition companies have crashed and burned spectacularly. Some 860 SPACs raised money from investors in the frenzied years 2020–2021, according to corporate advisor Kroll. Less than 100 survived.
www.gfmag.com
September 05 2024
Blackstone $16 bln AI deal borrows from SPAC boom
How does a buyer avoid paying a huge multiple for a fast-growing company in a hot sector? A group led by Blackstone (BX.N), appears to have managed to do so with its agreed A$24 billion, ($16.1 billion) offer on Wednesday to purchase Australia-based AirTrunk, which operates data centres for artificial intelligence developers like Microsoft (MSFT.O)
www.reuters.com
September 05 2024
Biotech Firm Medera Set to Go Public in $623M SPAC Deal
Medera Inc., a clinical-stage biopharmaceutical company developing treatments for cardiovascular diseases, has reached an agreement to go public on the Nasdaq through a merger with Keen Vision Acquisition Corp. (Nasdaq: KVAC).
www.themiddlemarket.com
September 03 2024
Semnur Pharmaceuticals, which is working on a non-opioid prospect for sciatica, has agreed to merge with special purpose acquisition company Denali Capital Acquisition Corp. in a deal worth $2.5 billion.
www.fiercepharma.com
September 03 2024
Lutnick Leads Sponsors Boosting SPACs to Biggest Month Since 2022
The blank-check market is heating up after the largest month for related initial public offerings since 2022, with a mix of new and experienced sponsors pricing new deals and a rush of additional debutants expected to come.
www.bloomberg.com
September 03 2024
Semnur Pharmaceuticals to go public via SPAC merger with Denali Capital in $2.5 bln deal
Semnur Pharmaceuticals, a wholly owned subsidiary of Scilex Holding Company (SCLX.O), will go public via a merger with special purpose acquisition company Denali Capital Acquisition Corp in a $2.5 billion deal, the companies said on Tuesday.
www.reuters.com
August 29 2024
Melco chairman Lawrence Ho-backed SPAC raises US$150 million on Nasdaq
Black Spade Capital, the family office of Macau casino operator Melco Resorts & Entertainment’s chairman Lawrence Ho Yau-lung, listed its second special purpose acquisition company (SPAC) on Nasdaq on Wednesday.
www.finance.yahoo.com