Binance-Supported Deal for Forbes to Go Public Via SPAC Is Called Off: Report
Binance had invested $200 million in Forbes earlier this year as part of the plan. Original Source
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SPAC
Crypto focused SPAC raises $115M in Nasdaq IPO
Aura FAT Projects Acquisition Corp. (AFARU), a special purpose acquisition company (SPAC), has closed its IPO on Nasdaq and raised $115 million, with a focus on crypto industry assets.The Cayman Islands-incorporated SPAC raised an impressive $100 million during its April 13 initial public offering (IPO) plus an over-allotment of $15
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Bitcoin Mining Startup Primeblock to Go Public via SPAC Merger as SEC Targets SPAC Deals – Mining Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Cryptox.trade News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than
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Bitcoin mining company PrimeBlock to go public via $1.25B SPAC merger
On Friday, Bitcoin (BTC) mining company PrimeBlock announced that it is merging with special purpose acquisition vehicle (SPAC) company 10X Capital Venture Acquisition Corp II. The deal places PrimeBlock at an enterprise value of $1.323 billion and is expected to close in the second half of the year.The company has
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Bitcoin Miner PrimeBlock Plans to Go Public With $1.25B SPAC Merger
The deal is expected to close in the second half of this year. Original Source
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Japanese crypto exchange Coincheck eyes Nasdaq listing after $1.25B SPAC deal
Coincheck Inc., a Japan-based crypto exchange with over 1.5 million verified customers, is eyeing Nasdaq listing after a special purpose acquisition company (SPAC) merger with Thunder Bridge Capital Partners IV, Inc.The combined holding company would be called Coincheck Group, N.V and is expected to list on Nasdaq after finalization of the
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USDC Stablecoin Backer Circle Doubles in Value to $9B in New Deal With SPAC
Circle has received a valuation of $9 billion in a new transaction terms with special purpose acquisition company (SPAC) Concord Acquisition Corp. Source
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Crypto Exchange Apifiny Going Public Through $530M SPAC Merger
Apifiny Group, a digital asset trading network for institutional investors, announced plans to go public through a reverse merger with Abri SPAC I, Inc, a special purpose acquisition company. The transaction is expected to close in the third quarter, and Apifiny will then list on the Nasdaq. Source
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Cloud Miner BitFuFu Looks at US Listing Via SPAC Merger
The merged firm will have pro forma value of $1.5 billion, 4.6 times the projected 2022 revenue, according to the release. Assuming that bitcoin prices go over $45,000, BitFuFu expects 2022 revenue to hit $330 million, up from $100 million in 2021, and its net income before deductions to be
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Cathie Wood’s ARK ETF reportedly buys 6.93M shares of SPAC merging with Circle
Cathie Wood's Ark Invest has reportedly purchased 6.93 million shares of the special purchase acquisition company, or SPAC, that is merging with Circle, for $70.6 million through the company’s ARK Fintech Innovation exchange-traded fund (ETF). This purchase would represent a new position for the ETF, according to MarketWatch. Ark Invest's ETFs
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