SPACs

SPACs

Finance

Crypto SPACs Brace for Cruel Summer With Lower Valuations, SEC Scrutiny

Deals may need to get repriced, an industry investment banker told CoinDesk.

Wall Street

Finance

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.

Changpeng Zhao, founder and chief executive officer of Binance (Bloomberg/Getty Images)

Finance

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 mining machines (lmstockwork/Shutterstock)

Finance

Crypto Exchange Coincheck to List on Nasdaq via $1.25B Merger

The proposed listing will be through a deal with a blank check company.

Tokyo's Shinjuku neighborhood (segawa7/Shutterstock)

Finance

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.

Concord Chairman Bob Diamond (Joshua Roberts/Bloomberg via Getty Images)

Finance

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.

Circle CEO Jeremy Allaire. (CoinDesk screenshot)

Finance

Forbes Receives $200M From Binance as It Eyes NYSE Listing

The investment will make Binance one of the top two investors in Forbes.

forbes

Finance

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.

(Michael Nagle/Bloomberg via Getty Images)

Finance

Crypto Exchange Apifiny Going Public Through $530M SPAC Merger

The firm will list on the Nasdaq after combining with Abri SPAC I.

SPAC - Special Purpose Acquisition Company (zimmytwsvis via Getty images)

Finance

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.

Core Scientific's mining facility in Calvert City, Ky. (CoinDesk archives)