Record high crypto prices in 2025 fueled a wave of digital asset treasury (“DAT”) companies announcing SPAC mergers, but a major crypto sell-off has turned that enthusiasm into a rout, and DATs that once traded at a premium to NAV now trade at a...read more
It was a good week for growth IPOs. Two VC-backed companies debuted on US exchanges this week, both of which priced at the top of the range and traded up. They were joined by two smaller deals and four SPACs. The year's first tech IPO with substantial VC...read more
Armada Acquisition II, a blank check company led by the former CEO of Cantaloupe Inc. targeting fintech, SaaS, and AI, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant,...read more
Six IPOs and one direct listing debuted this week. Seven IPOs and two SPACs submitted initial filings. AI-focused cloud computing provider CoreWeave (CRWV) priced its downsized IPO well below the range to raise $1.5 billion at a $22.4 billion market cap. The ...read more
DAT SPAC: The crypto sell-off has punished digital asset treasury companies, so where does that leave these 10 SPAC deals?
Record high crypto prices in 2025 fueled a wave of digital asset treasury (“DAT”) companies announcing SPAC mergers, but a major crypto sell-off has turned that enthusiasm into a rout, and DATs that once traded at a premium to NAV now trade at a...read more
US IPO Weekly Recap: Year's first VC-backed tech IPO MNTN gains 73%
It was a good week for growth IPOs. Two VC-backed companies debuted on US exchanges this week, both of which priced at the top of the range and traded up. They were joined by two smaller deals and four SPACs. The year's first tech IPO with substantial VC...read more
SPAC Armada Acquisition II prices $200 million IPO, targeting fintech, SaaS, and AI
Armada Acquisition II, a blank check company led by the former CEO of Cantaloupe Inc. targeting fintech, SaaS, and AI, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant,...read more
US IPO Weekly Recap: CoreWeave fails to impress in downsized IPO, as more names join the pipeline
Six IPOs and one direct listing debuted this week. Seven IPOs and two SPACs submitted initial filings. AI-focused cloud computing provider CoreWeave (CRWV) priced its downsized IPO well below the range to raise $1.5 billion at a $22.4 billion market cap. The ...read more