SPAC News

A team of crypto executives has banded together to raise $200 million for a special acquisition company that will look for a crypto business to take public.

Crypto.com-backed CRO jumped 40% on the announcement of the Trump Media Group CRO Strategy, reaching levels not seen since May 2022.

New Trump-backed SPAC deal creates Trump Media Group CRO Strategy, funded by $1 billion in CRO tokens, cash, warrants and a $5 billion credit line from Yorkville affiliate.

Bitcoiner Chamath Palihapitiya filed documents to raise $250 million for American Exceptionalism, a prospective SPAC focused on the DeFi, AI, energy and defense sectors.

The new entity will manage a crypto corporate reserve powered by the ENA token, with investors including Pantera, Galaxy Digital and the Ethena Foundation.

Crypto entrepreneur and podcaster Anthony Pompliano has raised $750 million to take his crypto company ProCap public by merging it with a blank-check firm.

New York City-based Bitcoin investment company Parataxis Holdings is exploring a public listing via merging with SilverBox Corp IV, a special purpose acquisition company.

Anthony Pompliano’s fintech-focused SPAC, ProCap Acquisition Corp, rose 7% on its Nasdaq debut after bumping its IPO to $220 million a day before listing.