Special Purpose Acquisition Companies (SPACs)

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Prediction: Chamath Palihapitiya's $250 Million SPAC Could Create the Next Palantir for America's Energy Grid
The Motley Fool· 2025-08-24 15:42
Chamath Palihapitiya is launching a $250 million SPAC, called American Exceptionalism Acquisition Corp.Remember when special purpose acquisition companies (SPACs) dominated Wall Street headlines just a few years ago?At the center of the frenzy was Chamath Palihapitiya -- better known on Wall Street as the "SPAC king". A former executive at AOL and Meta Platforms turned billionaire venture capitalist (VC), Palihapitiya made his name taking bold bets on disruptive companies.For a while, SPACs seemed to fade q ...
Pioneer Acquisition I Corp Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing on or about August 15, 2025
Globenewswire· 2025-08-12 20:05
BROOKLYN, N.Y., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Pioneer Acquisition I Corp (Nasdaq: PACHU) (the “Company”) announced that holders of the units sold in the Company’s initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the exercise by the underwriters of their overallotment option, completed on June 20, 2025 (the “Offering”) may elect to separately trade the Class A ordinary shares and warrants included in the units commencing on or about August 15, 2025. Any units ...
Quantumsphere Acquisition Corporation Announces Closing of $82,800,000 Initial Public Offering, Including Full Exercise of Underwriters’ Over-Allotment Option
Globenewswire· 2025-08-07 20:05
NEW YORK, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Quantumsphere Acquisition Corporation (NASDAQ: QUMS, the “Company”) announced today that it has closed its initial public offering of 8,280,000 units at $10.00 per unit. This includes the exercise in full by the underwriters of their over-allotment option to purchase up to an additional 1,080,000 units. Each unit consists of one of the Company’s ordinary shares and one right, with each right entitling the holder thereof to receive one-seventh (1/7) of one ordinary ...
Origin Investment Corp I Announces Full Exercise and Closing of the Over-Allotment Option in Connection with its Initial Public Offering
Globenewswire· 2025-07-18 21:29
Company Overview - Origin Investment Corp I is a newly organized special purpose acquisition company (SPAC) formed to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities [5] - The company intends to focus its search for a target business in Asia, but will not engage in business combinations with entities in China or those with operations consolidated through a variable interest entity structure [5] Recent Developments - The underwriters of the company's recently completed initial public offering (IPO) have fully exercised their option to purchase an additional 900,000 units at a price of $10.00 per unit, before underwriting discounts [1] - The issuance and sale of these additional units closed on July 18, 2025, following the completion of the IPO on July 3, 2025 [1] Offering Details - ThinkEquity acted as the sole book-running manager for the offering [2] - A registration statement on Form S-1 was filed with the Securities and Exchange Commission (SEC) and became effective on July 1, 2025, with the offering made only by means of a prospectus [3]
Origin Investment Corp I 宣布完成 6000 万美元首次公开募股
Globenewswire· 2025-07-10 00:30
Group 1 - Origin Investment Corp I has completed its initial public offering (IPO), issuing a total of 6,000,000 units at a price of $10.00 per unit [1] - Each unit consists of one share of common stock and half of a redeemable warrant, with the warrants allowing holders to purchase one share of common stock at a price of $11.50 [1] - The units began trading on the Nasdaq Global Market under the ticker symbol "ORIQU" on July 2, 2025 [1] Group 2 - The company plans to use the net proceeds from the IPO and concurrent private placement to seek and complete a business combination with one or more businesses [2] - ThinkEquity is serving as the sole book-running manager for the offering [2] - The S-1 registration statement related to the offering has been filed with the SEC and became effective on July 1, 2025 [2] Group 3 - Origin Investment Corp I is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), aimed at merging with one or more businesses or entities [3] - The company does not limit its search for target companies to any specific industry but plans to focus on identifying targets in the Asian region [3] - The company will not complete its initial business combination with entities or businesses located in mainland China or those structured through variable interest entities [3]
NMP Acquisition Corp. Announces Closing of $100 Million Initial Public Offering
Globenewswire· 2025-07-02 18:44
Core Points - NMP Acquisition Corp. has successfully closed its initial public offering (IPO) of 10,000,000 units at a price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right [1] - The units began trading on the Nasdaq Global Market under the ticker symbol "NMPAU" on July 1, 2025, and the Class A ordinary shares and rights are expected to trade under the symbols "NMP" and "NMPAR" respectively once they begin separate trading [1] - Maxim Group LLC served as the sole book-running manager for the Offering and has been granted a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments [2] Company Overview - NMP Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), established to facilitate mergers, amalgamations, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses [5]
NMP Acquisition Corp. Announces Pricing of $100 Million Initial Public Offering
Globenewswire· 2025-07-01 00:44
Company Overview - NMP Acquisition Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed 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 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 right [1]. - Each right entitles the holder to receive one-fifth (1/5) of one Class A ordinary share upon consummation of the company's initial business combination [1]. - The offering is expected to close on July 2, 2025, subject to customary closing conditions [2]. - Maxim Group LLC is acting as the sole book-running manager for the offering and has been granted a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments [2]. Trust Account and Fund Management - $10.00 per unit will be deposited into a trust account, with up to $300,000 of interest earned on the funds potentially released to fund working capital requirements [1]. - The company may also withdraw interest earned on the trust to pay income and franchise taxes, if applicable [1]. Trading Information - The units are expected to trade on the Nasdaq Global Market under the ticker symbol "NMPAU" beginning on July 1, 2025 [1]. - Once the securities begin separate trading, the Class A ordinary shares and rights are expected to trade under the symbols "NMP" and "NMPAR," respectively [1]. Regulatory Compliance - A registration statement on Form S-1 relating to the securities to be sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission on June 30, 2025 [3]. - The offering is being made only by means of a prospectus, which can be obtained from Maxim Group LLC or accessed on the SEC's website [3].
Aimfinity Investment Corp. I Announces New Monthly Extension for Business Combination
Globenewswire· 2025-06-30 12:00
Core Viewpoint - Aimfinity Investment Corp. I (AIMA) is extending the deadline for its initial business combination from June 28, 2025, to July 28, 2025, by depositing $55,823.8 into its trust account, which amounts to $0.05 per Class A ordinary share held by public shareholders [1][2]. Company Overview - Aimfinity Investment Corp. I is a special purpose acquisition company (SPAC) that focuses on merging with high-growth potential businesses to facilitate their entry into the capital markets [3]. Business Combination Details - AIMA has entered into a Merger Agreement with Docter and its subsidiaries, proposing a business combination that involves a reincorporation merger and an acquisition merger [4]. - The company is allowed to extend the completion date of its business combination on a monthly basis until October 28, 2025, by making monthly extension payments into the trust account [2]. Shareholder Information - AIMA has mailed proxy statements and other relevant documents to its shareholders as of February 25, 2025, regarding the proposed business combination [9]. - Shareholders are encouraged to read the proxy statement/prospectus and other documents filed with the SEC for important information about AIMA and the proposed transactions [4][9].
Eureka Acquisition Corp Announces Revised Contribution to Trust Account and Terms and Conditions in Connection with Proposed Charter Amendment
Globenewswire· 2025-06-25 23:47
Core Points - Eureka Acquisition Corp is holding an Extraordinary General Meeting on June 30, 2025, to discuss a Charter Amendment Proposal that allows the company until July 3, 2025, to complete a business combination, with the option to extend this period up to 12 months [1][2] Group 1 - The Charter Amendment Proposal allows for a total of 12 one-month extensions, potentially extending the deadline to July 3, 2026 [2] - The record date for shareholders entitled to vote at the Extraordinary General Meeting is May 23, 2025, and shareholders can vote even if they have sold their shares after this date [2][3] - The revised terms include a new Monthly Extension Fee of $150,000 for each extension, compared to the previously proposed fee structure [6] Group 2 - If the Revised Monthly Extension Fee is not deposited by the third day of each month starting July 3, 2025, the company has a 30-day Cure Period to make the payment, failing which it will cease operations and liquidate [6] - The company will not withdraw any amount from the trust account to cover dissolution expenses [6] - Eureka Acquisition Corp is a blank check company, also known as a SPAC, designed to effect a business combination with one or more businesses [7]
Eureka Acquisition Corp Announces Postponement of the Extraordinary General Meeting to June 30, 2025 and Extension of Redemption Request Deadline
Globenewswire· 2025-06-23 20:04
Core Points - The Extraordinary General Meeting of Eureka Acquisition Corp has been postponed from June 25, 2025, to June 30, 2025, to allow more time for shareholder engagement [1] - The meeting will consider a proposal to amend the Company's charter to extend the deadline for completing a business combination to July 3, 2026, with the option to extend up to twelve times, each by one month [2] - The record date for shareholders entitled to vote remains May 23, 2025, and shareholders can vote even if they have sold their shares after this date [3] Summary of Key Information - The deadline for redemption requests from shareholders has been extended to June 26, 2025, due to the postponement [4] - There are no changes to the location, record date, or other proposals for the Extraordinary General Meeting [5] - Eureka Acquisition Corp is a blank check company, also known as a SPAC, aimed at effecting business combinations [6]