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Dynamix Corporation III Completes $201.25 Million Initial Public Offering
Globenewswire· 2025-10-31 21:13
Core Points - Dynamix Corporation III successfully closed its initial public offering (IPO) of 20,125,000 units, generating gross proceeds of $201,250,000 at a price of $10.00 per unit [1][3] - The units began trading on the Nasdaq Global Market under the ticker symbol "DNMXU" on October 30, 2025, with each unit comprising one Class A ordinary share and one-half of a redeemable warrant [2] - The proceeds from the IPO were placed in the Company's trust account, indicating a focus on future business combinations [3] Company Overview - Dynamix Corporation III is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands, aiming to engage in mergers, amalgamations, share exchanges, asset acquisitions, and similar business combinations [6] - The Company plans to target opportunities within the energy, power, and digital infrastructure sectors [6] - The leadership team includes experienced investors and executives, such as CEO Andrea Bernatova and CFO Nader Daylami [6]
American Dynamism Acquisition Co(ADACU) - Prospectus(update)
2025-10-24 21:13
As filed with the Securities and Exchange Commission on October 24, 2025 Registration No. 333-290625 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Anthony Eisenberg Chief Executive Officer 1050 Connecticut Ave. NW, Suite 500 Washington, D.C. 20036 Tel: (248) 890-7200 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 American Drive Acquisition Company (Exact name of registrant as specified in its charter) Cayman Islands 6770 98-187 ...
Ripple-Backed Firm Plans SPAC, Raising $1B to 'Create the Largest Public XRP Treasury'
Yahoo Finance· 2025-10-20 14:18
Core Viewpoint - A newly formed Nevada company, Evernorth Holdings, plans to go public through a merger with Armada Acquisition Corp II, aiming to create a large publicly traded XRP treasury [1][2]. Deal Outline and Funding - The transaction is expected to raise over $1 billion in gross proceeds, including a $200 million commitment from SBI, with additional backing from Ripple, Rippleworks, Pantera Capital, Kraken, and GSR [3]. - Most of the net proceeds will be used to purchase XRP on the open market to build an institutional treasury, while the remainder will be allocated for working capital and deal expenses [4]. Company Positioning - Evernorth positions itself as a public vehicle providing simple exposure to XRP, with plans to actively grow XRP per share over time through lending to institutions, providing liquidity, and participating in decentralized finance strategies [5]. - The CEO emphasizes that Evernorth aims to create returns for shareholders while enhancing XRP's utility, with plans to run validators on the XRP Ledger and utilize Ripple's RLUSD stablecoin for XRP-based DeFi [6]. People and Governance - The leadership team includes former Ripple executive Asheesh Birla as CEO, along with CFO Matthew Frymier, COO Meg Nakamura, Chief Legal Officer Jessica Jonas, and Chief Business Officer Sagar Shah [7]. - Ripple is identified as a strategic investor, with Ripple executives expected to serve as strategic advisers, while Evernorth will maintain independent governance [7].
RF Acquisition(RFAMU) - Prospectus
2025-10-17 21:25
As filed with the Securities and Exchange Commission on October 17, 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 RF Acquisition Corp III (Exact name of registrant as specified in its charter) Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Michael J. Blankenship Winston & Strawn LLP 800 Capito ...
Nukkleus Inc. Announces Filing of Corporate-Sponsored SPAC Registration Statement
Globenewswire· 2025-10-17 13:12
Core Viewpoint - Nukkleus, Inc. has announced its majority ownership of the sponsor of a newly formed SPAC, SC II Acquisition Corp, which has filed for an IPO to raise $150 million [1][2]. Group 1: Company Overview - Nukkleus, Inc. is the majority owner of SC II Acquisition Corp, a newly formed SPAC [1]. - Menachem Shalom, the CEO of Nukkleus, is expected to serve as the CEO of SC II [3]. Group 2: IPO Details - SC II intends to raise $150 million through the sale of units, with each unit priced at $10.00, consisting of one Class A ordinary share and a right to receive one-fifth of a Class A ordinary share upon a business combination [2]. - The underwriters will have an option to purchase an additional $22.5 million of units in the proposed IPO [2]. - SC II plans to list its units on the Nasdaq Global Market under the symbol "SCIIU" [2]. Group 3: Regulatory Information - A registration statement on Form S-1 has been filed with the SEC but is not yet effective, meaning securities cannot be sold or offers accepted until it becomes effective [4]. - The preliminary prospectus related to the offering will be available from D. Boral Capital LLC [3].
Soren Acquisition(SORN) - Prospectus
2025-10-08 20:47
As filed with the U.S. Securities and Exchange Commission on October 8, 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 ____________________ Soren Acquisition Corp. (Exact name of registrant as specified in its charter) ____________________ Cayman Islands 6770 98-1882094 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Cla ...
AI Infrastructure Acquisition Corp. Announces Pricing of Upsized $120 Million Initial Public Offering
Globenewswire· 2025-10-03 12:45
Company Overview - AI Infrastructure Acquisition Corp. is a newly organized blank check company incorporated in the Cayman Islands, led by CEO Michael Winston [1][5] - The company aims to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, 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 12,000,000 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-fifth (1/5) of one Class A ordinary share upon consummation of the initial business combination [1] - The units are expected to be listed on the New York Stock Exchange under the ticker symbol "AIIAU" starting October 3, 2025 [1] - The offering is expected to close on October 6, 2025, subject to customary closing conditions [2] Underwriting and Regulatory Information - Maxim Group LLC is acting as the sole book-running manager for the offering [2] - The company has granted underwriters a 45-day option to purchase up to 1,800,000 additional units at the initial public offering price to cover over-allotments [2] - A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission on September 30, 2025 [3] About Jet.AI - Jet.AI, a minority-owned subsidiary of AI Infrastructure Acquisition Corp., is a publicly listed company operating in the AI data center sector [1][6] - Founded in 2018, Jet.AI is transitioning to a pure-play AI data center company, leveraging expertise in data center development and AI-driven technologies [6] - The company aims to build scalable, high-performance infrastructure to support the increasing computational demands of artificial intelligence [6]
StoneBridge Acquisition II Corporation Announces Closing of $57.5 Million Initial Public Offering
Globenewswire· 2025-10-01 20:14
Core Points - StoneBridge Acquisition II Corporation has successfully closed its initial public offering of 5,750,000 units at an offering price of $10.00 per unit, which includes 750,000 units from the overallotment option [1] - The units began trading on the Nasdaq Capital Market under the ticker symbol "APACU" on September 30, 2025, with separate trading expected for Class A ordinary shares and rights under the symbols "APAC" and "APACR" respectively [1] - Maxim Group LLC served as the sole book-running manager for the Offering [2] - The registration statement for the Offering was declared effective by the SEC on September 30, 2025, and the Offering was conducted solely through a prospectus [3] Company Overview - StoneBridge Acquisition II Corporation is a blank check company, also known as a special purpose acquisition company (SPAC), aimed at executing a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [5]
ReserveOne Submits SEC Filing for $1B Nasdaq Listing through SPAC Merger
Crowdfund Insider· 2025-09-25 15:19
Group 1 - ReserveOne has filed key documents with the SEC, potentially leading to a merger with M3-Brigade Acquisition V Corp, which could unlock over $1 billion in funding and establish ReserveOne as a public entity by the end of 2025 [1][6] - The company's strategy focuses on building a yield-oriented digital asset portfolio primarily anchored in Bitcoin, with allocations to Ethereum and Solana, leveraging staking, lending, and selective venture investments to mitigate volatility [2][6] - ReserveOne aims to position itself as a compliant, institutionally focused player in the cryptocurrency sector, inspired by national initiatives like the U.S. Strategic Bitcoin Reserve [3] Group 2 - The leadership team includes experienced professionals from notable firms, such as CEO Jaime Leverton from Hut 8 Mining Corp and President Sebastian Bea from BlackRock and Coinbase Asset Management, bringing significant Wall Street expertise [4][5] - The board features influential figures, including Reeve Collins, co-founder of Tether, and former U.S. Commerce Secretary Wilbur Ross, indicating a strong governance structure [5] - ReserveOne is backed by firms like Galaxy Digital for asset custody and Kraken for trading, positioning it well for efficient scaling [6] Group 3 - The merger's gross proceeds are expected to exceed $1 billion, which will be used to acquire core holdings, with Bitcoin anticipated to be a key store-of-value [6] - The SEC submission comes amid a regulatory thaw for SPACs, following enhancements to disclosure requirements and conflict-of-interest safeguards [7] - SPACs provide a faster and more flexible route to liquidity for crypto firms, with ReserveOne's merger potentially concluding in Q4 2025 under the ticker "RONE" [8] Group 4 - The listing of ReserveOne could catalyze a wave of similar debuts as institutional capital flows into crypto, signaling maturing investor confidence in digital assets [9] - The shift in sentiment among skeptics, such as Wilbur Ross, highlights how transparency and professional oversight can enhance blockchain's value propositions [10]
Kodiak Robotics clears SPAC vote, undergoes steep redemptions
Yahoo Finance· 2025-09-24 17:06
Core Insights - Kodiak Robotics is set to begin trading on Nasdaq following the approval of its $2.5 billion SPAC deal by Ares Acquisition Corp. II shareholders [1][2] - The approval meeting saw nearly 67% of voting power present, with approximately 88% voting in favor of the business combination [2] - Kodiak will be listed under the ticker symbols KDK for common stock and KDKRW for warrants [2] Financial Overview - Ares Acquisition Corp. II's trust account had $562 million in cash as of August 18, but heavy shareholder redemptions reduced this to $62.9 million before expenses [3] - Despite the reduced funding from the trust, Kodiak has secured over $200 million from institutional investors [4] - The company initially aimed for a $100 million private investment in public equity, and the new funding is expected to support its long-term success [5]