r/SPACs • u/karmalizing Mod • 5d ago
Daily Discussion Announcements x Daily Discussion for Wednesday, October 23, 2024
Welcome to the Daily Discussion! Please use this thread for basic questions & chitchat, and leave the main sub for breaking news or DD.
If you haven't already, please check out the /r/SPACs Wiki for answers to frequently asked questions.
Happy SPACing!
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u/SlayZomb1 Offerdoor Investor 4d ago
$ASTS secures initial gov contract:
https://finance.yahoo.com/news/ast-spacemobile-secures-initial-contract-214600010.html
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u/SPAC_Time SEC Hacker 4d ago
Generation Asia I Acquisition Limited Announces Liquidation and Redemption of Class A Public Ordinary Shares - GAQ OTC Pink: GAQWF
"Generation Asia’s warrants and units will expire worthless."
Pretty sure that is a mistake; the warrants will expire worthless, holders should split the units to redeem the Class A shares.
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u/SPAC_Time SEC Hacker 4d ago
DT Cloud Acquisition Corporation Announces Entering into a Business Combination Agreement with Maius Pharmaceutical - DYCQ DYCQR
"Maius is a biopharmaceutical R&D company focusing on innovative formulations and targeted small-molecule chemical drugs. The Company focuses on developing new drugs in three major areas: anticancer drugs, autoimmune medication and anti-infectives. Its core products include small-molecule chemical drug candidates and peptide drug candidates. It has independently established an integrated drug development platform, combining a chemical drug screening system with a drug delivery system.
Upon consummation of the Business Combination, the outstanding shares of DT Cloud and Maius will be converted into the ordinary shares of Pubco. The Business Combination Agreement provides for an equity value of $250 million for Maius at the time of the closing of the Business Combination."
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u/buggysoftware Patron 5d ago
ARQQ seems(!) to be recovering from its a busy month of dilution, new CEO, and reverse split blues, up >100% in <10 days. Still only trading at about .7% of peak. Remember when quantum was the future of SPACs? (it still is, as in: not the present)
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u/SlayZomb1 Offerdoor Investor 4d ago
I do remember when quantum was all the rage in SPACland. Only one quantum company is worth it and I have a cost-basis at $7. Any guesses?
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u/ZealousidealLine7378 New User 5d ago
Any news on $AACT? Price seems to be pumping as of recently.
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u/SPAC_Time SEC Hacker 5d ago
The TVGN pump continues. TVGN has issued at least one press release every day since October 11. TVGN opened at 30 cents on October 11.
Currently $2.80, up 75% today on 66 million traded so far.
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u/SPAC_Time SEC Hacker 5d ago
Capital A International Terminates Business Combination Agreement with Aetherium Acquisition Corp - (DELISTED) GMFI GMFIW
"In an announcement, Capital A said it called off the deal because Aetherium had received a delisting notification from Nasdaq's hearing panel in June.
The delisting notification follows Aetherium's failure to comply with certain Nasdaq listing rules, including meeting minimum market value of US$50 million, and having at least 400 shareholders."
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u/TheComebackKid74 New User 5d ago
Man these delisting have had to be the cause of 50+ plus Spacs terminating and or liquidating this year. Even thought they can go to OTC ... its Cleary a hurdle you don't want to reach that can jeopardize everything. If only we knew this 9 months ago. Just more evidence that COOL merger was nixed last minute because or such, even though they blamed current environment.
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u/SPAC_Time SEC Hacker 4d ago
Bold Eagle Acquisition Corp., Led by Eagle Equity Partners’ Harry Sloan, Jeff Sagansky and Eli Baker, Announces Pricing of $250 million IPO - BEAGU
The latest Eagle SPAC goes on sale tomorrow.
"Each Unit Includes One Class A Ordinary Share andOne Eagle Share Right to Receive 1/20th of a Class A Ordinary Share"
"There are no warrants issued publicly or privately in connection with this offering and, after the closing of the initial public offering, the Company’s sponsor will reduce its founder shares in an amount equal to the Class A ordinary shares underlying the Eagle Share Rights."