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George Soros-Backed Kodiak Robotics Merger Funding Announcement Fuels 6% After-Hours Rally In This SPAC Stock - Ares Acquisition (NYSE:AACT)
Benzinga· 2025-09-24 03:36
Group 1 - Ares Acquisition Corporation II (AACT) shares increased by 6.42% in after-hours trading, reaching $9.45 following successful fundraising for a merger with Kodiak Robotics [1] - Institutional investors have committed over $212.5 million in PIPE financing for the merger, exceeding the initial target of $100 million, with notable backing from Soros Fund Management and ARK Investments [2][3] - The total funding package for the merger exceeds $275 million when combined with approximately $62.9 million remaining in the trust account after redemptions [2] Group 2 - The post-merger company plans to list on NASDAQ under the ticker symbols "KDK" for common stock and "KDKRW" for warrants, contingent on meeting all listing criteria and closing conditions [3] - Over the past year, AACT has experienced a 17.78% decline, with a peak price of $11.54 on June 2, and a 20.57% loss over the last six months [4] - AACT's market capitalization is $549.31 million, with an average trading volume of 464,430 shares and a price-to-earnings ratio of 33.99 [4]
Flag Ship Acquisition Corporation Announces Deposit to Trust Account to Extend Deadline to Consummate Business Combination
Globenewswire· 2025-09-23 06:00
Core Viewpoint - Flag Ship Acquisition Corporation has extended the deadline for completing its business combination by one month to October 20, 2025, with a deposit of $60,000 made by its sponsor, Whale Management Corporation [1][2]. Company Overview - Flag Ship Acquisition Corporation is a publicly-traded special purpose acquisition company (SPAC) formed to engage in business combinations, including acquisitions, share exchanges, and asset purchases, without limitations on industry or geographic focus [3]. - The company is sponsored by Whale Management Corporation, a business entity based in the British Virgin Islands [3].
Nomad Foods Hits 52-Week Low: Time to Buy?
Yahoo Finance· 2025-09-10 15:03
Company Overview - Nomad Foods, a UK frozen foods producer, has seen its stock hit an 18th 52-week low, last trading at this level in October 2023 [1] - The company owns well-known frozen food brands including Birds Eye, Findus, and Iglo [1] Stock Performance - Since going public in 2014, Nomad Foods' shares have fluctuated between $10 and $31.85, with an all-time high reached on May 31, 2021 [2] - Over the past year, the company's stock has declined by 25% [2] - Despite the decline, the stock may attract bargain-seeking investors due to its potential value [2] SPAC Background - Nomad Foods went public in April 2014 as a SPAC, raising $500 million in its initial public offering [3] - The SPAC made a significant acquisition in June 2015, purchasing Iglo Food Holdings Limited for €2.6 billion ($3.04 billion), which included the Birds Eye and Iglo brands [3] - In November 2015, Nomad acquired the Findus Group for £500 million ($677 million), financed through cash and stock issuance [4] Historical Stock Performance - The initial SPAC shares were issued at $10 in April 2014 and were later delisted from London, switching to New York [5] - The share price closed at $12.30 on its opening day in New York, reflecting a 15% increase over the decade since its IPO [5] - The company has provided attractive dividends to early investors, which has mitigated the overall poor annual return [5]
NMP Acquisition Corp. Announces Separate Trading of its Class A Ordinary Shares and Rights, Commencing September 3, 2025
Globenewswire· 2025-08-28 21:00
Core Points - NMP Acquisition Corp. will allow holders of its units to separately trade Class A ordinary shares and rights starting September 3, 2025 [1][2] - The Class A ordinary shares and rights will trade on Nasdaq under the symbols "NMP" and "NMPAR," respectively, while units not separated will continue to trade under "NMPAU" [2][3] - Each unit consists of one Class A ordinary share and one right, with each right entitling the holder to receive one-fifth (1/5) of a Class A ordinary share upon the completion of the company's initial business combination [3] Company Overview - NMP Acquisition Corp. is a Cayman Islands exempt company formed as a blank check company, also known as a special purpose acquisition company (SPAC), aimed at effecting business combinations [5] - The management team includes Melanie Figueroa as CEO and Nadir Ali as CFO, both with significant experience in operating and capital markets transactions [5]
2家SPAC在纳斯达克上市 募集资金3.5亿美元
Sou Hu Cai Jing· 2025-08-13 06:46
Group 1 - Two special purpose acquisition companies (SPACs) have gone public, raising a total of $350 million [1] - McKinley Acquisition (MKLYU) raised $150 million by issuing 15 million units at $10 per share, each unit consisting of one common share and a right to receive one-tenth of a share post-merger [2][4] - Highview Merger (HVMCU) raised $200 million by issuing 20 million units at $10 per share, each unit consisting of one common share and a half warrant with an exercise price of $11.50 [5][8] Group 2 - McKinley Acquisition is headquartered in Massachusetts and targets sectors including fintech, transportation technology, clean technology, space technology, artificial intelligence, and agricultural technology [4] - Highview Merger is based in Florida and aims to focus on mid-market companies in North America or Europe, initiated by David Boris, who has successfully completed multiple business combinations in the past [8]
Why Archer Aviation Stock Plummeted Today
The Motley Fool· 2025-07-21 21:18
Core Viewpoint - Archer Aviation's shares experienced a significant decline of 10.9% amid broader market gains, primarily due to a lawsuit proceeding against the company and poor financial forecasts from its major backer, Stellantis [1][5]. Group 1: Lawsuit Against Archer - A shareholder lawsuit has been filed against Archer, alleging that the company and its SPAC merger architects misrepresented the value of shares and the progress of aircraft development [2]. - The Delaware Chancery Court has allowed the lawsuit to move forward, requiring Archer to defend itself against these allegations [4]. Group 2: Stellantis' Financial Performance - Stellantis, a key investor in Archer, reported a projected loss of $2.68 billion for the first half of the year and has suspended issuing any guidance due to tariff uncertainties [5]. - The disappointing financial outlook from Stellantis has raised concerns among investors regarding its continued support for Archer as it seeks to reduce costs [5]. Group 3: Competitive Landscape - The electric vertical takeoff and landing (eVTOL) market is competitive, with Joby Aviation positioned more favorably to be the first to market, bolstered by its partnership with Toyota, known for quality and reliability [6].
Origin Investment Corp I Announces Full Exercise and Closing of the Over-Allotment Option in Connection with its Initial Public Offering
Globenewswire· 2025-07-18 21:29
Company Overview - Origin Investment Corp I is a newly organized special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities [5] - The company intends to focus its search for a target business in Asia, but will not engage in business combinations with entities in China or those with operations consolidated through a variable interest entity structure [5] Recent Developments - The underwriters of the company's recently completed initial public offering (IPO) have fully exercised their option to purchase an additional 900,000 units at a price of $10.00 per unit, before underwriting discounts [1] - The issuance and sale of these additional units closed on July 18, 2025, following the completion of the IPO on July 3, 2025 [1] Offering Details - ThinkEquity acted as the sole book-running manager for the offering [2] - A registration statement on Form S-1 was filed with the Securities and Exchange Commission (SEC) and became effective on July 1, 2025, with the offering made only by means of a prospectus [3]
LightWave Acquisition Corp. Announces Closing of $215,625,000 Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option
Globenewswire· 2025-06-26 19:07
Group 1 - LightWave Acquisition Corp. closed its initial public offering (IPO) of 21,562,500 units at an offering price of $10.00 per unit, including the full exercise of the underwriters' over-allotment option for an additional 2,812,500 units [1] - Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with whole warrants allowing the purchase of one Class A ordinary share at $11.50 per share [1] - The units are listed on the Nasdaq Global Market under the ticker symbol "LWACU," with separate trading expected for Class A ordinary shares and warrants under the symbols "LWAC" and "LWACW," respectively [1] Group 2 - The net proceeds from the offering and a simultaneous private placement of units will be used to pursue and consummate a business combination with one or more businesses [2] - BTIG, LLC is the sole book-running manager for the offering, while Roberts and Ryan, Inc. acts as co-manager [2] Group 3 - LightWave Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination, primarily focusing on the technology industry [5] - The management team includes Robert M. Bennett as CEO and Chairman, and William W. Bunker as CFO and Vice Chairman, along with board members Robert Hochberg, Charlotte S. Blechman, and Allen C. Dickason [5]
BEST SPAC I Acquisition Corp. Announces Pricing of $55 Million Initial Public Offering
Prnewswire· 2025-06-13 00:00
Company Overview - BEST SPAC I Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses [5] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 5,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right [1] - Each right entitles the holder to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the company's initial business combination [1] - The units are expected to trade on the Nasdaq Capital Market under the ticker symbol "BSAAU" beginning on June 13, 2025 [1] - The offering is expected to close on June 16, 2025, subject to customary closing conditions [2] Underwriting and Additional Options - Maxim Group LLC is acting as the sole book-running manager for the offering [2] - The company has granted the underwriter a 45-day option to purchase up to 825,000 additional units at the initial public offering price less the underwriting discount to cover over-allotments [2] Regulatory Information - A registration statement on Form S-1 relating to the securities to be sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission on June 12, 2025 [3]
Namib Minerals and Hennessy Capital Investment Corp. VI Announce Closing of Business Combination
Globenewswire· 2025-06-05 16:10
Company Overview - Namib Minerals is set to trade under the ticker "NAMM" on Nasdaq starting June 6, 2025, marking it as the largest African company to go public via SPAC [1] - The business combination with Hennessy Capital Investment Corp. VI (HCVI) was approved by HCVI stockholders on May 6, 2025 [1][3] - Namib Minerals has a historical track record of over two decades in gold mining, with one producing gold mine and two historically producing mines currently being prepared for restart [2] Mining Assets and Operations - Namib's How Mine has produced approximately 1.82 million ounces of gold from 1941 to December 31, 2024, and is known for its low production costs [2] - The company also holds significant mineral resources in its other principal assets, Mazowe Mine and Redwing Mine, which are in the process of restarting operations [2] - In the Democratic Republic of Congo (DRC), Namib has interests in 13 exploration permits, including identified copper and cobalt potential [2] Strategic Goals and Future Outlook - The CEO of Namib stated that becoming a publicly listed company will accelerate development across its portfolio and enhance its role in African mining [2] - The merger is expected to position Namib for further expansion of its mining assets and strategic investments to create sustained value for stakeholders [3] - Namib aims to drive sustainable growth and innovation in Zimbabwe's mining industry while exploring alternative areas of growth [4]