Special Purpose Acquisition Company (SPAC)
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Chamath Palihapitiya Looks Set To Make A Windfall From Nvidia's Purchase Of Groq, Here Is What The SPAC King Said After The Deal - BlackRock (NYSE:BLK), Cisco Systems (NASDAQ:CSCO)
Benzinga· 2025-12-26 07:51
Core Viewpoint - Chamath Palihapitiya, known as the "SPAC King," is poised for a significant financial gain following NVIDIA's $20.6 billion acquisition of Groq, a semiconductor company in which his firm, Social Capital, was an early investor [1][4]. Investment Background - Social Capital invested $10 million in Groq in 2017 and an additional $52.3 million in 2018, acquiring nearly one-third ownership of the startup at that time [2]. - Groq has successfully raised multiple funding rounds, with the latest round bringing in $750 million at a valuation of $6.9 billion earlier this year [3]. Financial Implications - Despite dilution from subsequent funding rounds, Palihapitiya's early investment in Groq is expected to yield a substantial financial return, significantly increasing his estimated net worth of $1.2 billion [4][5]. - Social Capital now functions primarily as Palihapitiya's family office, allowing him to capture most of the financial benefits from the Groq exit [5]. Future Projections - Palihapitiya expressed optimism about Groq's future, predicting a valuation of $100 billion by 2045 in a recent post, while acknowledging the challenges the company faced [6]. Deal Structure - The acquisition deal includes a non-exclusive licensing agreement between NVIDIA and Groq for access to Groq's inference technology, with key personnel from Groq set to join NVIDIA [7]. Company Dynamics - Groq has been a valuable asset for Palihapitiya, who previously dismissed partners at Social Capital for attempting to raise outside capital for Groq's funding round [8].
Chamath Palihapitiya Looks Set To Make A Windfall From Nvidia's Purchase Of Groq, Here Is What The SPAC King Said After The Deal
Benzinga· 2025-12-26 07:51
Core Viewpoint - Chamath Palihapitiya, known as the "SPAC King," is poised for a significant financial gain following NVIDIA's $20.6 billion acquisition of Groq, a semiconductor company in which his firm, Social Capital, was an early investor [1][4]. Investment Background - Social Capital invested $10 million in Groq in 2017 and an additional $52.3 million in 2018, acquiring nearly one-third ownership of the startup at that time [2]. - Groq has successfully raised multiple funding rounds, with the latest being $750 million at a valuation of $6.9 billion earlier this year, attracting notable investors like BlackRock, Neuberger Berman, and Samsung Electronics [3]. Financial Implications - Despite dilution from subsequent funding rounds, Palihapitiya's early investment in Groq is expected to yield a substantial financial return, significantly increasing his estimated net worth of $1.2 billion [4][5]. - Social Capital now functions primarily as Palihapitiya's family office, allowing him to capture most of the financial benefits from the Groq deal [5]. Future Projections - Palihapitiya expressed optimism about Groq's future, predicting a valuation of $100 billion by 2045, while acknowledging the challenges the company faced during its growth [6]. Deal Structure - The agreement between NVIDIA and Groq includes a non-exclusive licensing arrangement for Groq's inference technology, with key personnel from Groq set to join NVIDIA to facilitate this transition [7]. Company Dynamics - Groq has been a valuable asset for Palihapitiya, who previously dismissed partners at Social Capital for attempting to raise outside capital for Groq's funding round, indicating his strong commitment to the company [8].
Social Commerce Partners Corporation Announces Closing of $100,000,000 Initial Public Offering
Globenewswire· 2025-12-24 18:30
Company Overview - Social Commerce Partners Corporation is a newly organized special purpose acquisition company (SPAC) formed in the Cayman Islands, focusing on business combinations primarily in the social commerce industry [4]. - The management team includes Stuart Johnson as CEO and Chairman, and Harley (Michael) Rollins as CFO, along with board members Wayne Moorehead, Peter Griscom, and Heather Chastain [4]. Initial Public Offering (IPO) Details - The company closed its initial public offering of 10,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant [1]. - Each whole warrant allows the holder to purchase one Class A ordinary share at $11.50 per share, with the units listed on the Nasdaq Global Market under the ticker symbol "SCPQU" [1]. - Once the units begin separate trading, the Class A ordinary shares and warrants are expected to trade under the symbols "SCPQ" and "SCPQW," respectively [1]. Use of Proceeds - 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].
Inflection Point Acquisition(IPFXU) - Prospectus
2025-12-23 22:40
As filed with the U.S. Securities and Exchange Commission on December 23, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _____________________________________ Inflection Point Acquisition Corp. VI (Exact name of registrant as specified in its charter) _____________________________________ | Cayman Islands | 6770 | N/A | | --- | --- | --- | | (State or oth ...
Lafayette Digital Acquisition(ZKPU) - Prospectus(update)
2025-12-23 22:13
As filed with the U.S. Securities and Exchange Commission on December 23, 2025. Registration No. 333-290473 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ––––––––––––––––––––––––––––––––––––––– AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ––––––––––––––––––––––––––––––––––––––– Lafayette Digital Acquisition Corp. I (Exact name of registrant as specified in its charter) ––––––––––––––––––––––––––––––––––––––– Cayman Islands 6770 N/A (State or o ...
Spartacus Acquisition(TMTSU) - Prospectus
2025-12-23 21:48
As filed with U.S. Securities and Exchange Commission on December 23, 2025 Registration No. 333-[ ] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ––––––––––––––––––––––––––––––––––––––– FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ––––––––––––––––––––––––––––––––––––––– Spartacus Acquisition Corp. II (Exact name of registrant as specified in its charter) ––––––––––––––––––––––––––––––––––––––– Cayman Islands 6770 (State or other jurisdiction of incorporation or ...
Archimedes Tech SPAC Partners III(ARCIU) - Prospectus
2025-12-23 21:40
Table of Contents FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 As filed with the U.S. Securities and Exchange Commission on December 23, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Archimedes Tech SPAC Partners III Co. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Cayman Islands 6770 N/A (Primary Standard Industrial Classification Code Number) (I.R.S. Employer I ...
Aldabra 4 Liquidity Opportunity Vehicle(ALOVU) - Prospectus
2025-12-23 21:39
Table of Contents As filed with the Securities and Exchange Commission on December 23, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ALDABRA 4 LIQUIDITY OPPORTUNITY VEHICLE, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Cayman Islands 6770 N/A (Primary Standard Industrial Classification Code Number) (I.R.S. Employe ...
Bleichroeder Acquisition(BBCQU) - Prospectus(update)
2025-12-23 19:49
As filed with the U.S. Securities and Exchange Commission on December 23, 2025. Registration No. 333-290897 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ AMENDMENT NO. 1 | Cayman Islands | 6770 | 98-1888010 | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organization) | Classification Code Number) | Identification Number) | 1345 Avenue of the Americas, Fl 47 New York, ...
Social Commerce Partners Corporation Announces Pricing of $100,000,000 Initial Public Offering
Globenewswire· 2025-12-22 22:03
Core Viewpoint - Social Commerce Partners Corporation has announced the pricing of its initial public offering (IPO) of 10,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of a redeemable warrant [1] Group 1: IPO Details - The IPO consists of 10,000,000 units priced at $10.00 each, with each unit including one Class A ordinary share and one-half of a redeemable warrant [1] - Each whole warrant will be exercisable 30 days after the completion of the initial business combination, allowing the holder to purchase one Class A ordinary share at $11.50 per share [1] - The units are expected to trade on Nasdaq under the ticker symbol "SCPQU" starting December 23, 2025, with separate trading for Class A ordinary shares and warrants under the symbols "SCPQ" and "SCPQW," respectively [1] Group 2: Underwriting and Closing - BTIG, LLC is acting as the sole book-running manager for the offering [2] - The underwriter has a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments [2] - The offering is expected to close on December 24, 2025, subject to customary closing conditions [2] Group 3: Company Overview - Social Commerce Partners Corporation is a special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [5] - The company will primarily focus on target businesses in the social commerce (direct selling) industry [5] - The management team includes Stuart Johnson as CEO and Chairman, and Harley (Michael) Rollins as CFO, along with board members Wayne Moorehead, Peter Griscom, and Heather Chastain [5]