SPACs

Crypto SPACs Brace for Cruel Summer With Lower Valuations, SEC Scrutiny
Deals may need to get repriced, an industry investment banker told CoinDesk.

Binance-Supported Deal for Forbes to Go Public Via SPAC Is Called Off
Binance had invested $200 million in Forbes earlier this year as part of the plan.

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.

Crypto Exchange Coincheck to List on Nasdaq via $1.25B Merger
The proposed listing will be through a deal with a blank check company.

Lehman Brothers Bargain Hunter Bob Diamond Now Paying Up for Crypto
Diamond’s SPAC Concord is now valuing stablecoin issuer Circle at $9 billion, twice the initial valuation.

USDC Stablecoin Backer Circle Doubles in Value to $9B in New Deal With SPAC
Circle was valued at $4.5 billion in its initial agreement with Concord Acquisition Corp. in July 2021.

Forbes Receives $200M From Binance as It Eyes NYSE Listing
The investment will make Binance one of the top two investors in Forbes.

Crypto Trading Terminal Aurox Plans to Go Public in 2022
The path to a listing could involve a SPAC merger, said Aurox CEO Giorgi Khazaradze.

Crypto Exchange Apifiny Going Public Through $530M SPAC Merger
The firm will list on the Nasdaq after combining with Abri SPAC I.

Newly Public Core Scientific Leads Slump in Crypto Mining Stocks
The company's shares have fallen more than 20% since it went public via a SPAC merger on Thursday.

