Viking Acquisition Corp. I (VACI) to Combine with NorthStar Earth & Space in $405M Deal
Viking Acquisition Corp. I (VACI), a special purpose acquisition company, announced a definitive agreement to merge with NorthStar Earth & Space, a satellite data and analytics firm. The transaction values the combined entity at approximately $405 million, providing NorthStar with a public market platform. Upon closing, NorthStar will become a publicly traded company, while Viking shareholders will receive shares in the new entity. The deal is expected to close later this year, subject to customary regulatory approvals.
Morning SPAC News Roundup: April 17, 2026
The Morning SPAC News Roundup for April 17, 2026, compiled by Nicholas Alan Clayton, offers a curated snapshot of the latest developments in the special purpose acquisition company (SPAC) sector. Accessible only through a subscription, the newsletter aggregates recent filings,...
Madison Air Pulls Off Biggest U.S. Industrial IPO Since 1999 As Data Center Cooling Theme Heats Up
Madison Air Solutions completed the biggest U.S. industrial IPO in nearly three decades, raising $2.23 billion and debuting at $31.75 per share. The offering valued the Chicago‑based firm at roughly $15.5 billion, sending its stock up 18% on the first day. Madison...
Conditioning Merger Payment on Release Constituted Breach of Certificate & DGCL Section 262
The Delaware Chancery Court ruled that OnSolve breached its certificate of incorporation and DGCL Section 262 by conditioning merger consideration on a stockholder’s execution of a release‑laden joinder agreement. The plaintiff, Chertok, had withdrawn his appraisal demand post‑closing and refused to...
SEC Exemptive Order Provides Path to 10-Business Day Equity Tender Offers
The SEC’s Office of Mergers and Acquisitions issued an exemptive order that lets qualifying equity tender offers close in ten business days instead of the standard twenty. To use the shortened period, offers must meet strict criteria, including cash‑only consideration...
The IPO Buzz: Aevex (AVEX) – Drone Maker – Prices IPO at $20 – Above Mid-Point
Aevex Corp. priced its IPO at $20 per share, selling 16 million shares to raise $320 million and achieving a post‑pricing market cap of $2.24 billion. The company will debut on the New York Stock Exchange on April 17. While reporting a $16.78 million net loss...
The IPO Buzz: Alamar Biosciences (ALMR) Upsizes IPO & Prices It at $17 – High End
Alamar Biosciences (ALMR) upsized its IPO to 11.25 million shares and priced at the top of its range, $17 per share, raising about $191.25 million. The offering values the company at roughly $1.14 billion as it prepares to debut on Nasdaq on April 17....
JATT II Acquisition Corp. (JATT) Prices $60M IPO
JATT II Acquisition Corp. priced a $60 million initial public offering and will begin trading on Nasdaq under the ticker JATT on April 17, 2026. The SPAC is focused on acquiring a healthcare or life‑science company, with an emphasis on biotechnology. Led by...
Preferred Share Target Updates and Foreshadowing
The REIT Forum released a series of updates to its baby‑bond and preferred‑share target lists between July and December 2025. New securities added include CIMP, AGNCZ, and the RITM‑E preferred series, while existing coverage expanded to include NYMTH and TWOD....
Madison Air Must Have Inhaled
Madison Air (ticker MAIR) is an HVAC roll‑up that leans heavily on hype, branding its fan installations as a revolutionary "Return on Air" solution. Management claims a 15% boost in warehouse productivity and a 30% cut in energy costs after...
New SPAC: AI Strategy Inc. (AIST.U) Files for $100M IPO
AI Strategy Inc. (ticker AIST.U) has filed an S‑1 to raise $100 million through a special purpose acquisition company (SPAC) IPO. The filing positions the company to acquire and consolidate AI‑focused businesses across sectors such as healthcare, fintech, and logistics. Led...
The Elmet Group (ELMT) IPO Deck
Elmet Group, an industrial‑technology firm that builds critical‑materials components and high‑power microwave systems, unveiled its IPO deck on April 16, 2026. The company is seeking roughly $500 million in new capital to expand manufacturing capacity and deepen its role in the U.S. critical‑components...
Allegiant Moves Closer to Sun Country Acquisition After DOT Approval
Allegiant Air announced that the U.S. Department of Transportation has approved a joint interim exemption, removing the last regulatory obstacle to its $1.5 billion acquisition of Sun Country Airlines. The approval lets both carriers continue operating separately under common ownership while...
Sponsor-Designated Lenders’ Counsel
Borrower‑designated lenders’ counsel has become the norm in U.S. leveraged‑buyout financing, allowing a single law firm to represent all potential lenders during the financing auction. The practice, praised for efficiency, also gives sponsors significant influence over lender counsel, aligning lawyer...
InsideArbitrage Event Driven Monitor – April 16, 2026
The InsideArbitrage Event‑Driven Monitor highlights several high‑profile merger arbitrage moves, including Select Medical’s proxy filing for a mid‑2026 merger and Kimberly‑Clark’s detailed post‑closing leadership plan for its Kenvue acquisition. Lisata Therapeutics disclosed a postponed tender offer as its partner seeks...
Governing Law: Don’t Be Swayed by DExit
Baker McKenzie partner Pete Korzynski argues that the DExit debate should not dominate the choice of governing law for merger agreements. He stresses that while a target’s incorporation state governs internal corporate matters, the acquisition contract’s external affairs are best governed by...
Webinar Recap: M&A Country Series: Making Deals in Vietnam
The Institute for Mergers, Acquisitions and Alliances and the Singapore M&A Association hosted a webinar on March 26 to dissect Vietnam’s evolving M&A landscape. Vietnam logged 218 deals worth roughly $2.3 billion in the first ten months of 2025, cementing its status...
The IPO Buzz: Arxis (ARXS) Priced Upsized IPO at $28 – Top of Range – & It Flew on NASDAQ
Arxis (ARXS) upsized its IPO to 40.5 million shares, pricing at the top of its $28 range and raising roughly $1.13 billion. The company debuted on Nasdaq at $38 per share, closing the first trading day at $38.75—a 38% gain. At pricing,...
The IPO Buzz: Madison Air (MAIR) Prices IPO at $27 – Top of Range
Madison Air Solutions Corp. priced its initial public offering at $27 per share, the top of its $25‑$27 range, and sold the full 82.69 million shares to raise $2.23 billion. The pricing, announced an hour after the market close on April 15, 2026,...
Aura Aero Lands Additional €50 Million in Funding
Aura Aero, the developer of a 19‑seat hybrid‑electric regional aircraft, closed a €50 million (≈ $54 million) Series B financing round, bringing its total capital raised to €340 million (≈ $400 million). The round was led by Safran Corporate Ventures and included investors such as the French...
This Could Be the “Netscape Moment” For the Space Economy
The upcoming SpaceX IPO is being framed as a modern‑day Netscape moment, potentially unlocking trillions of dollars for the broader space economy. While the listing itself will draw massive institutional attention, analysts argue the real upside lies in the spillover...
Aevex: Small Drones at Scale
Aevex (AVEX) is preparing a 16‑million‑share offering priced between $18 and $22 per share. The company posted Q1 2026 revenue of $200‑$208 million, a four‑fold year‑over‑year increase, and adjusted EBITDA of $33.5‑$36.4 million, reversing a prior‑year loss. Valuation multiples now sit near 2.6×...
Yancoal Acquires Kestrel: A Deal Built for a Buyer's Market
Yancoal Australia agreed to acquire an 80% stake in Kestrel, one of the world’s largest underground coking‑coal mines, for up to $2.4 billion. The transaction includes a $1.85 billion upfront payment with the balance contingent on future coal‑price recovery. A discounted cash‑flow...
Your Media Company Has a Data Business Hidden Inside It
In October 2025 S&P Global agreed to acquire With Intelligence, a private‑markets data firm, for $1.8 billion—about 13.8 times its projected 2025 revenue of $130 million. The deal highlights the premium investors place on data‑as‑a‑product businesses compared with traditional digital media. Consulting...
New SPAC: FortuneX Acquisition Corporation (FXACU) Files for $75M IPO
FortuneX Acquisition Corporation (ticker FXACU) filed its S‑1 to raise up to $75 million in a new special purpose acquisition company (SPAC) IPO. The filing targets a Nasdaq listing and outlines a typical 24‑month acquisition window, with a focus on technology...
The Advisor Finder Report: Q1 2026
Axial’s Advisor Finder program reported a record‑setting Q1 2026, facilitating 104 introductions between business owners and M&A advisors—a 30% jump from the same quarter last year. The quarter saw 69 new owners join the platform, driven by retirement, liquidity needs,...
Amazon’s $11B Globalstar Casino Gamble: Genius or Desperation?
Amazon announced an $11.57 billion acquisition of Globalstar, buying the satellite operator at $90 per share. The deal adds a 24‑satellite low‑Earth‑orbit (LEO) constellation, many of which were launched in the late 1990s and early 2000s. Amazon plans to leverage the...
Norse Atlantic Raises Cash, Weighs Sale or Merger
Norwegian low‑cost carrier Norse Atlantic raised $110 million through an oversubscribed rights issue and secured a $70 million bridge loan to shore up liquidity. The proceeds will repay a $20 million overdraft, settle $25 million owed to lessors and suppliers, and fund general corporate...
SEC Chairman Atkins (Again) Highlights Initiative to Make IPOs Attractive
SEC Chairman Paul Atkins reiterated his “Make IPOs Great Again” agenda, outlining three pillars aimed at revitalizing public offerings. He called for streamlined, investor‑focused disclosure reports, a return of corporate‑governance authority to state law, and new litigation alternatives that protect...
Amazon Just Bought the Satellite Behind iPhone’s SOS Feature
Amazon announced a definitive agreement to acquire Globalstar for roughly $11.6 billion, with the transaction slated to close in 2027. The deal grants Amazon Leo access to Globalstar’s low‑Earth‑orbit satellite fleet, spectrum licenses, and a direct‑to‑device (D2D) capability that can connect...
NewHold Investment Corp. IV (NHIVU) Prices $175M IPO
NewHold Investment Corp. IV priced a $175 million initial public offering and will begin trading on Nasdaq under the ticker NHIVU on April 15, 2026. The SPAC’s mandate is to seek a business combination with a growing industrial or business‑services company. The offering is...
Analysis: Amazon
Amazon announced an $11.57 billion acquisition of Globalstar, securing valuable L‑band mobile‑satellite spectrum. The deal bolsters Amazon’s Project Kuiper, which plans to launch about 3,200 low‑Earth‑orbit satellites by 2029, with half the constellation operational by July. Globalstar’s Direct‑to‑Device (D2D) technology will...
Investcorp AI Acquisition Corp. (IVCA) to Combine with Blue Finance in $219M Deal
Investcorp AI Acquisition Corp. (IVCA) announced a definitive agreement to combine with Blue Finance, creating a public company valued at approximately $219 million. The transaction positions the new entity as an AI‑focused investment platform, leveraging IVCA’s SPAC structure and Blue Finance’s...
The Paramount–Warner Bros. Discovery Merger: An Antitrust Case for Rejection
Paramount Global agreed to acquire Warner Bros. Discovery in a deal valued at roughly $111 billion, consolidating two of the six remaining major Hollywood studios into a single entity. The merger is under antitrust review by the DOJ, state attorneys general,...
New SPAC: General Catalyst Global Resilience Merger Corp.
General Catalyst announced the formation of General Catalyst Global Resilience Merger Corp, a new special purpose acquisition company (SPAC) filed for an initial public offering on April 14, 2026. The vehicle is positioned to raise roughly $200 million to pursue acquisitions...
Sizzle Acquisition Corp. II (SZZL) to Combine with Trasteel Holding in $1.3Bn Deal
Sizzle Acquisition Corp. II (ticker SZZL) announced a definitive business combination with Trasteel Holding, a steel manufacturing and recycling company, in a transaction valued at roughly $1.3 billion. The agreement provides Trasteel with about $300 million in cash and the balance in...
Amazon.com to Acquire Globalstar in a $11.68 Billion Deal
Amazon.com announced a definitive agreement to acquire satellite‑communications firm Globalstar for $11.68 billion. Shareholders can elect $90 in cash or 0.3210 Amazon shares per Globalstar share, with cash limited to 40% of the equity and a $110 million downside adjustment. The acquisition...
Amazon Reaches Definitive Merger Deal with Globalstar with Support for Apple Devices
Amazon announced a definitive agreement to acquire Globalstar at $90 per share, a roughly 23% premium over the stock’s recent close of $72.89. The deal will integrate Globalstar’s low‑Earth‑orbit satellite network with Amazon Leo, enabling direct‑to‑device (D2D) services. Amazon also secured...
Yesway (YSWY) IPO Deck
Yesway (ticker YSWY) released its initial public offering deck, showcasing a network of roughly 1,200 convenience stores that blend foodservice and grocery items for rural and suburban shoppers. The company reported FY2025 revenue of about $1.2 billion, reflecting a 9% year‑over‑year...
The VinePair Podcast: Is Brown-Forman for Sale? To Whom?
Recent reports suggest French spirits giant Pernod Ricard is weighing a takeover of Brown‑Forman, the maker of Jack Daniel’s, while rival Sazerac has also entered negotiations. The discussions have sparked speculation about whether the deal will be a full merger or a...
Invel Real Estate Secures €65 Million to Scale YellowSquare
Invel Real Estate has obtained a €65 million (approximately $70 million) financing facility from UniCredit to accelerate the growth of its hostel‑operator partner YellowSquare. The loan backs the Fondo Yellow vehicle, fully funded by Invel and managed by Castello SGR, and will...
United Airlines CEO Has Floated The Idea Of Buying American Airlines
United Airlines chief Scott Kirby has informally floated a merger‑or‑acquisition proposal with rival American Airlines, even briefing senior U.S. government officials about the idea. Kirby, a former American Airlines president, sees the deal as both a strategic and personal opportunity....
Letter #326: Brian Halligan and Dharmesh Shah (2014)
HubSpot’s 2014 IPO shareholder letter recounts how founders Brian Halligan and Dharmesh Shah turned a simple observation—people reject interruptive outbound tactics—into the inbound marketing movement. They built an integrated platform that bundles CMS, SEO, social, and automation tools, making it...
Maywood Acquisition Corp. 2 (MYXXU) Prices $100M IPO
Maywood Acquisition Corp. 2 priced its $100 million initial public offering and will begin trading on Nasdaq under the ticker MYXXU on April 12, 2026. The SPAC’s sponsor, chaired by Zikang Wu, has assembled a board that includes Zixun Jin, Hao Tian and Chao Yang....
Monday April 13, 2026
This week’s medtech briefing highlights a surge of strategic deals and capital flowing into neurovascular and AI‑enabled health solutions. Stryker announced the acquisition of Amplitude Vascular Systems to add intravascular lithotripsy to its peripheral‑vascular portfolio, while Gilead agreed to buy...
SpaceX IPO, Index Funds and Lockup Periods
SpaceX is preparing an IPO valued between $1.75 trillion and $2 trillion, with a $75 billion raise that earmarks up to $15 billion for retail investors, especially Tesla shareholders. The company plans to replace the traditional 180‑day lock‑up with a staggered 3‑6‑month release, allowing...
New SPACs: Irenic Acquisition Corp. (IACQU), Alpex Acquisition Corporation File for IPOs
Irenic Acquisition Corp. (ticker IACQU) and Alpex Acquisition Corp. have each filed Form S‑1 to launch new special purpose acquisition companies (SPACs). Irenic aims to raise roughly $200 million to pursue targets in technology and clean‑energy sectors, while Alpex seeks a...
The Paramount Question Isn’t Paramount
Paramount Skydance Corp. agreed to acquire Warner Bros. Discovery for roughly $110 billion in cash, valuing the target at $31 per share. The deal has drawn political and regulatory attention, yet antitrust concerns appear muted because the combined entity faces strong...
National Healthcare Properties (NHP) IPO Deck
National Healthcare Properties (NHP) has unveiled its initial public offering deck, signaling a planned IPO later in 2026. The self‑managed REIT specializes in owning and operating senior housing communities and outpatient medical facilities throughout the United States. The presentation highlights...
Arxis (ARXS) IPO Deck
Arxis (ticker ARXS) has filed an initial public offering, presenting a deck that outlines its business of designing and manufacturing mission‑critical electronic and mechanical components for aerospace, defense, and specialized industrial customers. The company highlights its role supplying parts for...