Mergers and Acquisitions - Cantor Fitzgerald is nearing a $4 billion (十亿) SPAC deal with Adam Back [1] Cryptocurrency Investments - The deal involves the purchase of Bitcoin worth between $3 billion (十亿) and $4 billion (十亿) [1]

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]

Core Viewpoint - The resurgence of SPACs is noted, with a shift in focus towards sectors like digital currency and artificial intelligence, contrasting with previous trends in delivery apps and electric vehicles [4][6]. Group 1: SPAC Overview - SPACs were popular during the pandemic as a quick wealth-building scheme, where a shell company raises funds and merges with a private company [1][2]. - The process allows investors to either redeem their shares or hold a stake in the merged entity [2]. - While SPACs can be lucrative for the institutions that set them up, they often do not benefit the investors who pay the associated fees [3]. Group 2: Market Trends - In 2022, central banks raised interest rates, leading to a decline in SPAC activity, but 2023 is expected to see a surge in listings [4]. - The current SPAC revival is anticipated to be smaller and more speculative, with a notable influence from the "Make America Great Again" (MAGA) movement [5]. Group 3: Notable Companies and Figures - Twenty One Capital, focused on accumulating Bitcoin, plans to merge with a SPAC associated with Cantor Fitzgerald, recently led by Howard Lutnick [7]. - Trump's involvement in SPACs is highlighted, with his social network Truth Social going public through a SPAC merger [8]. - Other Trump associates are also capitalizing on SPAC opportunities, such as Devin Nunes launching his own SPAC [9]. - GrabAGun, an online gun store, is set to merge with a SPAC operated by Trump ally Omeed Malik, with Donald Trump Jr. joining the board post-transaction [10].

Core Viewpoint - The recent delisting of VISION DEAL-Z highlights the challenges faced by SPACs in the Hong Kong market, with only two out of five SPACs successfully completing their De-SPAC transactions since the introduction of SPAC regulations in 2022 [1][3][7]. Group 1: SPAC Market Overview - VISION DEAL-Z, initiated by former Alibaba executive Wei Zhe, was unable to complete its De-SPAC transaction within the required timeframe, leading to its delisting [1][3]. - Since the launch of SPAC regulations by the Hong Kong Stock Exchange (HKEX) in December 2021, only five SPACs have been listed, with two successfully completing De-SPAC transactions, two delisted, and one pending [3][7]. - The two successful SPACs are Huitian Acquisition-Z, which merged with Singapore's Lion Group, and Aquila Acquisition-Z, which merged with Zhaogang Group [7]. Group 2: Regulatory Environment - SPACs must announce a De-SPAC transaction within 24 months and complete it within 36 months of listing, making 2025 a critical year for SPACs in Hong Kong [3][4]. - The HKEX has strict rules regarding SPACs, including the requirement for independent third-party investments, which some industry experts believe are too stringent and hinder market activity [10][11]. Group 3: Future Outlook - There is a call for regulatory adjustments to revitalize the SPAC market in Hong Kong, including lowering the thresholds for PIPE investors and reducing the required fundraising amounts [10][11]. - Recent optimizations to SPAC regulations aim to lower transaction barriers while ensuring transparency and fairness in the merger process [11]. - The SPAC model is viewed as a potential "golden channel" for emerging companies to access international capital markets, offering advantages over traditional IPOs [12].

Core Viewpoint - The recent delisting of VISION DEAL-Z highlights the challenges faced by SPACs in the Hong Kong market, with only two out of five SPACs successfully completing their De-SPAC transactions since the introduction of SPAC regulations in 2022 [1][2][5]. SPAC Market Overview - VISION DEAL-Z, initiated by former Alibaba executive Wei Zhe, was unable to complete its De-SPAC transaction within the required timeframe, leading to its delisting [1][2]. - The Hong Kong Stock Exchange (HKEX) introduced SPAC listing rules in December 2021 to provide a flexible financing path for emerging companies, effective from January 1, 2022 [2]. - In 2022, five SPACs were listed in Hong Kong, but only two have successfully completed De-SPAC transactions, while two have been delisted and one is still pending [5]. Regulatory Environment - SPACs must announce their De-SPAC transactions within 24 months and complete them within 36 months of listing, making 2025 a critical year for SPACs in Hong Kong [2][3]. - The delisting of VISION DEAL-Z was confirmed by the HKEX on June 12, 2025, with the official removal occurring on June 30, 2025 [3]. Successful De-SPAC Transactions - The two SPACs that successfully completed their De-SPAC transactions are 汇德收购-Z and AQUILA ACQ-Z, with the former merging with Singapore's LionTee Holdings and the latter merging with 找钢产业互联集团 [5]. - LionTee Holdings, post-merger, became the first successful SPAC acquisition in Hong Kong, with Alibaba's Singapore entity holding a 47.22% stake [5]. Market Sentiment and Future Outlook - The SPAC market in Hong Kong has been quiet in 2023, with no new SPAC listings, raising questions about its future [7]. - Industry experts suggest that the stringent listing rules and the requirement for PIPE investors are hindering SPAC activity, advocating for a reduction in these requirements to revitalize the market [8]. - Recent regulatory changes in August 2024 aimed to lower the barriers for SPAC transactions, including reducing the minimum independent third-party investment amount [8][9]. - The approval process for De-SPAC transactions remains lengthy, leading companies to prefer traditional IPOs or other markets, indicating a need for further optimization of SPAC regulations [9].

As filed with the U.S. Securities and Exchange Commission on June 6, 2025 Registration No. 333-286569 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 ___________________________________ Yorkville Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________________________ | | | (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial C ...

As filed with the U.S. Securities and Exchange Commission on June 6, 2025 Registration No. 333-286569 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 ___________________________________ Yorkville Acquisition Corp. (Exact name of registrant as specified in its charter) ___________________________________ | | | (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial C ...