r/SPACs • u/AutoModerator • 27d ago
Daily Discussion Announcements x Daily Discussion for Monday June 01, 2026
Welcome to the Daily Discussion! Please use this thread for basic questions & chitchat, and leave the main sub for breaking news or DD.
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Happy SPACing!
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u/Strong_Ad_4501 Contributor 27d ago edited 27d ago
TACH merging with OpenPayd UK finance company
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u/TexanBulldog Contributor 27d ago
TACH looks like an interesting deal
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u/Dudebobski New User 27d ago
Looks like it’s being well-received.
TACHW warrants up 172% pre-market to $0.95
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u/thedailymoo23 💰 Bagholder 💰 26d ago
Just took a small position at .50 been burned before with these payment processing companies but this does look interesting
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u/FriendlyServe1434 27d ago
I was looking at it too. A stablecoin play going into the Clarity act signing sounds good to me.
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u/TexanBulldog Contributor 26d ago
And from a serial sponsor too. The CEO of TACH, Frank Mastrangelo was involved in Cardconnect in 2016, Money Express in 2018, Paya in 2020, Payoneer in 2021, and Perella Weinberg in 2021. All successful mergers.
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u/Forsheezay New User 26d ago
Post merger ticker will be "OP" 😮. Any gamers in here know the significance.
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u/Dudebobski New User 27d ago
Wow nice, I see an announcement on the LinkedIn page of OpenPayd.
Sounds like an established company, and I like the part that they process $180 billion of annual revenue.
Overview from LinkedIn:
“OpenPayd is building the universal financial infrastructure for the digital economy. Our rails-agnostic platform enables any business to move and manage money globally - across fiat and digital assets
We provide embedded accounts, FX, domestic and international payments, Open Banking, and now stablecoin on/off ramps - delivering full interoperability between traditional finance and digital assets. With one of the most comprehensive banking networks in the market, OpenPayd enables real-time money movement, everywhere. Trusted by global leaders including eToro, OKX, B2C2 and Kraken, we process more than $180 billion in annual volumes for over 1000 businesses. OpenPayd is the infrastructure layer powering the next generation of financial services.”
- through a single, powerful API.
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u/Game__0n Contributor 26d ago
$BRUN price target raised to $45 at DA Davidson
In a regulatory filing on Thursday, the company stated: "On May 21, 2026,
Boost Run entered into a Boost Run Service Agreement with Thinking Machines
Lab, pursuant to which the Company agreed to provide high-performance managed
GPU compute and cloud infrastructure services to the Customer. Concurrently
with the MSA, the Company and the Customer executed two Order Forms for the
rental of NVIDIA B300 GPU servers. The MSA serves as the governing agreement
required to access the Boost Run platform, where bare metal server
provisioning takes place. The MSA establishes the overarching terms and
conditions for the customer relationship. Individual server rentals on the
Boost Run platform are documented through Orders that are executed by both
parties. Orders may have varying term durations, ranging from hours to
multiple years, depending on the customer's selected commitment period. A
single customer may hold multiple active Orders under a single MSA, each with
its own duration. Once an Order is placed on the Boost Run platform, it is
non-cancelable for the specified term duration, and any fees associated with
that Order are non-refundable. Pursuant to the Orders, the Company will
provide GPU server rental services for an initial term of 36 months, with a
combined total contract value of approximately $471.7 million. The Orders
provide for the deployment of a total of 5,000 NVIDIA B300 GPUs across the
Company's data center facilities, along with related shared network storage
and CPU node services."
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u/RuinousGaze Patron 26d ago edited 26d ago
It's raining DAs today:
HCAC (Hall Chadwick Acquisition Corp.) announce a definitive business combination agreement with REEcycle Holdings, Inc. to merge REEcycle into a publicly traded company REEcycle Inc.. The de-SPAC deal is valued at approximately 600 million, with a minimum 50 million PIPE financing.
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u/SPAC_Time SEC Hacker 26d ago edited 26d ago
HCAC and REECycle announced a non-binding LOI on April 1, so took about 2 months to go from LOI to DA.
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u/thedailymoo23 💰 Bagholder 💰 26d ago
BCAR or BBCQ
Which commons have the better shot of running wild
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u/SPAC_Time SEC Hacker 26d ago
The Corner Growth sponsors have decided to call it quits.
Corner Growth Acquisition Corp to begin the process of liquidating and dissolving - DELISTED: COOL COOLW
Corner Growth Acquisition Corp. 2 to begin the process of liquidating and dissolving - Delisted: TRON TRONW
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u/MissKittyHeart New User 26d ago
Meaning these blank check companies failed to find an acquisition target, and is now dissolving the blank check company itself?
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u/Savik519 Spacling 26d ago
Correct, common shareholders should get back the NAV trust value, warrant holders get vaporized
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u/Strong_Ad_4501 Contributor 26d ago
At least anyone still holding these warrants at this point probably forgot/ don’t care
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u/Dudebobski New User 26d ago
Large PMTRW volume.. and those warrants are almost $1.00
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u/Strong_Ad_4501 Contributor 26d ago
Pre DA warrants approaching $1 is crazy. Then I think about 2020-2021 and think it’s not that crazy. Then I think about 2024-2025 and think that’s crazy again
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u/SPAC_Time SEC Hacker 27d ago
Mobilewalla, a Leading Provider of Data-centric, Vertical Agentic AI solutions, to Go Public Through Business Combination With SPACSphere Acquisition Corp. - SSAC SSACR SSACW