Crypto Executives Launch $200M SPAC for Bitcoin Infrastructure Acquisition
A group of seasoned cryptocurrency executives has joined forces to establish a $200 million special purpose acquisition company (SPAC) targeting opportunities in Bitcoin infrastructure. The move underscores growing investor appetite for companies building the backbone of the Bitcoin ecosystem, even as the broader digital asset market experiences cyclical volatility. The new entity, reportedly spearheaded by […]
Bitcoin Bull Chamath Palihapitiya Files for $250M SPAC Targeting DeFi & AI
Chamath Palihapitiya, the billionaire investor often dubbed the SPAC King, and a long-time Bitcoin supporter, has launched a new venture to raise $250 million through a Special Purpose Acquisition Company (SPAC) . The vehicle, named American Exceptionalism Acquisition Corp. A, is preparing to list on the New York Stock Exchange under the ticker symbol AEXA. […]
BTC-Based Rewards App Fold To List On Nasdaq Via SPAC Deal
The BTC-Based Rewards App will go public on the Nasdaq after an SPAC agreement is set to be wrapped up by the end of this year. Bitcoin-based rewards application Fold has declared its intention to become a publicly traded company on the Nasdaq, with an implied valuation of $365 million. According to a July 24 […]
Circle Registers for US IPO
Following the collapse of a SPAC agreement with Concord Acquisition in late 2022, the USDC issuer Circle is attempting to go public once more. The US Securities and Exchange Commission (SEC) received a confidential S-1 form from stablecoin operator Circle, per a press release on January 11. The draft outlines Circle’s intention to go public […]
Ex-SPAC CFO gets 3 years in Jail for $5M Theft
The former Chief financial officer (CFO) of a Special purpose acquisition company (SPAC) was sentenced to three years in prison for embezzling $5M from three companies, which he used to trade cryptocurrencies and “meme stocks.” Cooper Morgenthau, the former chief financial officer of African Gold Acquisition Corporation (AGAC), stole more than $5 million from AGAC, […]