Julian Klymochko, Accelerate CEO, joins 'Power Lunch' to discuss the renewed trend of companies going public via blank check companies, or SPACs. ...

Ethena Foundation to spin up SPAC called StablecoinX dedicated to buying millions worth of ENA https://t.co/y2ppaCccXF ...

The newest ETH TreasuryCo is here with 'Ether Machine'Ether Machine is a new company created via SPAC and a merger with Dynamix (DYNX)And they have $1.5B in committed capital and plan to hold 400,000 ETH on Day 1The vision is for "an active ether generation company" planning on "staking, restaking, and deploying it across Ethereum's economic engine."DYNX stock is up 30% premarket on the news ...

Group 1: SPAC Market Performance - The SPAC IPO market in the U.S. has shown strong performance in early 2025, with 62 SPACs completing listings, surpassing the total of 57 for all of 2024, representing an 8.8% year-on-year increase [2] - The total fundraising amount reached $10.8 billion, nearly six times that of the same period last year, with an average fundraising of $180 million and a median of $200 million, indicating a significant leap in scale [2] - In the first half of 2025, 23 SPACs completed merger transactions valued at approximately $22.5 billion, with 21 more seeking new merger targets, reflecting a focus on both quantity and quality in the SPAC market [5][6] Group 2: Chinese Companies in the U.S. SPAC Market - In 2024, 25 Chinese companies successfully entered the U.S. market through the De-SPAC process, while 4 Chinese companies have already utilized this method to list in the U.S. by June 30, 2025 [6] - The industry distribution of Chinese companies entering the U.S. market through De-SPAC in the first half of 2025 includes traditional sectors like manufacturing and technology, as well as emerging areas such as consumer upgrades and gaming [7] - The trend indicates a deep integration of capital and industry, with several Chinese companies currently in the SPAC listing process in the U.S. [7] Group 3: Market Trends and Future Outlook - The new regulations on Nasdaq are accelerating the capital-raising process for companies, and the efficiency of the China Securities Regulatory Commission's filing system is improving, suggesting that more Chinese companies will enter the U.S. market via De-SPAC in the second half of 2025 [8] - The average listing cycle for SPACs has shortened to 6-12 months, attracting more high-growth companies to choose this "fast track" for market entry [8] Group 4: De-SPAC Process and Financial Disclosure Requirements - The De-SPAC process involves several stages, including preparation, agreement and filing, regulatory review, and final listing, with timelines ranging from 3 to 8 months for regulatory review [13][21] - Recent upgrades in financial disclosure rules for De-SPAC transactions focus on dilution effects, financial forecasts, and compliance with reporting standards, aligning more closely with traditional IPO requirements [21][24] - Companies undergoing De-SPAC must fulfill dual disclosure obligations to both the Chinese and U.S. regulatory bodies, with significant penalties for any false statements or violations [24]

Cantor Fitzgerald SPAC in Talks for $4B Bitcoin Deal With Blockstream’s Adam Back: FT► https://t.co/un9CW3iWHj https://t.co/un9CW3iWHj ...

🚨 LATEST: Cantor Fitzgerald is nearing a $4 billion SPAC deal with Adam Back to buy between $3 billion and $4 billion worth of Bitcoin. https://t.co/PqND9mtr1k ...

RT Bitcoin For Corporations (@BitcoinForCorps)JUST IN: Cantor Fitzgerald is nearing a $4B SPAC deal with @adam3us & @Blockstream to acquire 30,000+ BTC.➤ #Bitcoin contributed for equity➤ Up to $800M in additional capital raised➤ Mirrors $3.6B SoftBank–Tether ventureAnother major move in the rise of corporate #Bitcoin adoption. ...

Mergers and Acquisitions - Cantor Fitzgerald is nearing a $4 billion SPAC deal [1] Cryptocurrency - The deal involves acquiring Bitcoin [1] - Adam Back is involved in the deal [1]

Group 1: Hong Kong IPO Market Overview - In the first half of 2025, Hong Kong's IPO market showed strong performance with 44 IPOs completed, an increase of 14 from the same period last year, raising over 105 billion HKD [2] - June 2025 marked a peak in IPO activity with 15 companies listed, reflecting a market trend towards "hard technology + new consumption" [3] - The total net fundraising from the 15 companies in June was approximately 73.87 billion HKD, with significant contributions from Sanhua Intelligent (24.74 billion HKD) and Haitian Flavoring (20.07 billion HKD) [4] Group 2: Companies Listed in June - Notable companies that went public in June include MetaLight Inc. (data intelligence), Haitian Flavoring (seasoning), and Cloud Travel (transportation platform), with share prices ranging from 2.86 HKD to 205 HKD [4] - The IPOs were characterized by a concentration of fundraising among leading companies, indicating a trend where consumer and technology manufacturing sectors drive the market [4] Group 3: Upcoming and Recent Listings - From June 23 to June 29, three companies passed the listing hearing, including Weili Zhibo (biopharmaceuticals), Dazhong Dental (dental services), and Shougang Langze (carbon technology) [5][6] - In June, 77 companies submitted applications to list on the Hong Kong main board, covering sectors such as biomedicine, semiconductors, and smart vehicles, indicating a robust interest in capital markets [7] Group 4: US IPO Market Overview - By June 2025, 45 Chinese companies completed listings in the US, with a notable focus on Nasdaq as the primary listing venue [10] - In June, six Chinese companies listed in the US, with four using traditional IPO methods and two utilizing SPACs, showcasing a diverse range of industries including biotechnology and consumer services [11][12] Group 5: Fundraising Trends - The fundraising landscape for Chinese companies in the US showed a split between SPAC-driven headliners and traditional IPOs, with many projects reflecting cautious market sentiment regarding valuations and risks [15] - The overall trend indicates an improvement in quality and structure of listings, with healthcare, technology, and consumer sectors being the focal points for capital investment [18]

Market Trends & Analysis - DJohnson is considered a reliable source for live information and analysis on Crypto Corporate Treasury stock plays [1] - Billion dollar SPAC crypto treasury deal from $MBAV trades down 6% on the day [1] - SPACs are currently not reacting well to crypto treasury deals [1] Potential Risks - High volatility in treasury companies provides alternative investment opportunities [1] - Heavy selling pressure comes from SPAC arbitrageurs, not the company itself [1]