Latest / The Acquisition Talk with Fexingo: Mergers, Buyouts, and Business Sales for Operators
How SPACs Came Back Without the Hype
Episode 5 of The Acquisition Talk with Fexingo: Mergers, Buyouts, and Business Sales for Operators. Lucas and Luna unpack the quiet return of SPACs in 2026 — but not the circus of 2020-21. They dissect a real May 2026 deal: a blank-check company called Aurora Acquisition Corp. merging with industrial analytics firm DataMesh. Lucas breaks down the new structure: pipe investors getting downside protection via earnouts, a trust size of $300 million, and sponsor promote now capped at 10%. Luna questions whether the improved terms are enough to prevent another wave of failures, citing data that…
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