The Latest Breaking News from SPAC

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 · Mar 8, 2022

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…

Benzinga · Mar 8, 2022

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…

Benzinga · Mar 3, 2022

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 · Feb 24, 2022

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:

Benzinga · Feb 24, 2022

If You Invested $1,000 In DWAC When Trump's Truth Social SPAC Deal Was Announced, Here's How Much You'd Have Now

One of the most publicized SPAC merger announcements of 2021 was a deal to take Trump Media & Technology Group public. The merger was aimed at bringing a new player into the social media sector via former President Donald Trump.

Benzinga · Feb 23, 2022

Penny Stock Crypto Exchange Nukkleus Gets SPAC Deal: Here's The Details

A market leader in global payments and cryptocurrencies announced a SPAC merger Wednesday that will see shares get an uplisting.

Benzinga · Feb 23, 2022

Donald Trump's Social Media Venture Tops Downloads On Apple App Store

Users downloaded Digital World Acquisition Corp (NASDAQ:DWAC) backed Truth Social 170,000 times since its launch, as per research firm Apptopia, Reuters reports. The former U.S. President Donald Trump's new social media venture topped downloads on Apple Inc's (NASDAQ:AAPL) App Store after its late launch on February 20. The special purpose acquisition company (SPAC) stock was also trending…

Benzinga · Feb 22, 2022

Hong Kong Set to Overtake Singapore in SPAC Market, With Help From Mainland Sponsors

Key Takeaways: Hong Kong has received six SPAC listing applications in the last month, even as regional rival Singapore’s similar program starts to turn quiet Most of Hong Kong’s SPAC applicants are backed by mainland Chinese companies, highlighting a major advantage the city enjoys over Singapore By Jony Ho

Benzinga · Feb 22, 2022

Why This SPAC Linked To Donald Trump Is Seeing High Interest On WallStreetBets Today

Digital World Acquisition Corp. (NASDAQ: DWAC) — the SPAC partner of former President Donald Trump’s social media startup — has emerged as the most-discussed stock on Reddit’s r/WallStreetBets forum as of early Tuesday.

Benzinga · Feb 22, 2022