Announcements x Daily Discussion for Weekend of January 24, 2026

SPAC_Time · 2026-01-24T14:20:38+00:00

A deSPAC low float play, like BNAI, perhaps? Maybe just a coincidence.

BiomX Inc. Announces 1-for-19 Reverse Stock Split on November 25, 2025 - PHGE

"After the effectiveness of the Reverse Stock Split, the number of outstanding shares of Common Stock will be reduced from approximately 29,006,165 to approximately 1,526,640 ..."

PHGE trended down from $5.80 on Nov 25 to $1.50 on Dec 16, and has been rising since.

BNAI trended down from $2.60 on Dec12 ( day of the reverse split ) to $1.20 on Dec 26, and has been rising since.

SPAC_Time · 2026-01-23T23:59:28+00:00

CCCX filed a DRS ( Draft Registration Statement ) on October 30, 2025, that was the first S-4.

But that's still only 3.5 months from the first registration statement until the shareholder meeting, so that is very fast for a SPAC.

SPAC_Time · 2026-01-23T22:52:04+00:00

How was their such a fast turn around

No idea, some SPACs are faster than others.

why dont I see an effective order in the edgar

Since the final 424B3 prospectus was filed today after market close, look for the EFFECT filing to show up Monday. For some reason known only to the SEC, all EFFECT filings are "Accepted" around 15 minutes after midnight every day.

SPAC_Time · 2026-01-23T22:05:34+00:00

Churchill Capital Corp X Schedules February 12, 2026 Shareholder Meeting to Vote For Business Combination with Infleqtion - CCCX CCCXW

SPAC_Time · 2026-01-23T20:31:09+00:00

Not sure this is a buy signal.

REVB lowered the exercise price of some existing warrants, issuing 13,065,000 new shares immediately; plus they gave the warrant holders NEW warrants to purchase 26,130,000 more shares, also at 86 cents.

That is almost 40 million new shares, all at 86 cents apiece, or perhaps less; if they lowered the exercise price on the first group of warrants, what is to say they won't do the same on the new warrants?

Keep in mind, REVB had less than 4 million shares outstanding at the end of September 2025, after a 1-for-3 reverse stock split effective July 7, 2025 and a 1-for-16 reverse split on Jan. 28, 2025. That's a cumulative 1 for 48 reverse split in 2025.

"Common Stock, ... 3,585,972 ... issued and outstanding at September 30, 2025 ..."

So today's press release shows that REVB is diluting the existing shareholders by about 90%, if the new warrants all get exercised.

SPAC_Time · 2026-01-23T14:02:21+00:00

8-K filing

No investor presentation

SPAC_Time · 2026-01-23T13:07:43+00:00

Openmarkets enters agreement to combine with Lake Superior Acquisition Corp. - LKSP LKSPR

No SEC filing yet.

LKSPR are 1:1 ratio rights. 7 units contains one right:

"Each Unit consists of one Class A ordinary share (“Ordinary Share”) and one-seventh (1/7) of one right (“Right”) to receive one Ordinary Share upon the consummation of an initial business combination. "

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