Chamath Palihapitiya Files to Raise $250 Million for American Exceptionalism SPAC
Chamath Palihapitiya has filed to raise $250 million for a new SPAC, "American Exceptionalism Acquisition Corp A," focusing on decentralized finance, artificial intelligence, energy, and defense sectors.
Details about the SPAC
- The SEC application aims to launch on the NYSE under ticker AEXA.
- Palihapitiya will serve as chairman, with Steven Trieu as CEO.
- 25 million shares will be offered at $10 each.
Palihapitiya, known as the "SPAC King," has previously launched over 10 SPACs. The current market conditions, influenced by volatility from Donald Trump’s tariffs, differ from the harsh environment of 2022 that led to his withdrawal from SPAC activities.
Gemini's IPO Plans
- Gemini, founded by the Winklevoss brothers, has published its S-1 statement for a Nasdaq listing.
- No IPO price has been disclosed, but Goldman Sachs, Citi, Morgan Stanley, and Cantor Fitzgerald will oversee the offering.
- The stock is set to trade under the ticker symbol GEMI.
- Gemini plans to transition many users to a Moonbase entity in Florida while maintaining operations in New York despite regulatory challenges.