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Stock impact report

Lutnick Leads Sponsors Boosting SPACs to Biggest Month Since 2022 [Yahoo! Finance]

Rumble Inc. - Class A (RUM) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Avi Katz's GigCapital Global, which has closed five deals, raised $200 million while Howard Lutnick and Asia casino magnate Lawrence Ho's family office each priced their own offerings last month. All told, some $2 billion was raised across nine US-listed special-purpose acquisition companies in August, the biggest flow of deals and proceeds since early 2022, data from SPAC Research show. Cantor Fitzgerald LP, where Lutnick is CEO, has been a key player in the SPAC space as a bank and backer, sponsoring at least nine blank-check companies, the data show. Rumble Inc., the Peter Thiel-backed conservative video network, is among the companies Cantor brought public through SPACs, though most of the stocks have slumped since debuting. Black Spade Acquisition II Co., which raised $150 million, is sponsored by an affiliate of Ho's Black Spade Capital. The firm's first SPAC brought Vinfast Auto Ltd. public at a $27 billion valuation last year. “The SPAC struct Show less Read more
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