Special Purpose Acquisition Company (SPAC)

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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
NEW YORK, Oct. 01, 2025 (GLOBE NEWSWIRE) -- StoneBridge Acquisition II Corporation (Nasdaq: APACU) (the “Company”) today announced the closing of its previously announced initial public offering of 5,750,000 units (the “Offering”), which amount includes 750,000 units being issued pursuant to the over-allotment option granted by the Company to the underwriter, at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right. Each right entitles the holder to rece ...
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
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Kodiak Robotics will soon begin trading on the Nasdaq after Ares Acquisition Corp. II shareholders approved its $2.5 billion special purpose acquisition company deal Tuesday, according to securities filings. Shareholders representing nearly 67% of the voting power were present for the meeting where about 88% of the votes were cast in favor of the business combina ...
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].