Introducing the Event-Driven Edge

We’ve rebranded this newsletter to focus not just on what happened, but on what’s coming. Each week, we highlight the most important upcoming catalysts, themes, and market-moving events to help you stay ahead.

You’ll still get our curated, structured recaps covering more relevant market activity than any other weekly market newsletter — but now with a sharper edge on what’s next.

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This Week’s Catalysts & Setups

DISCLAIMER: This newsletter is for informational purposes only and does not constitute investment or trading advice. These are event-driven setups we’re watching, not recommendations. See the end of this newsletter for full disclaimer.

🚀 Voyager IPO (Exp. Wednesday)

Voyager is set to debut under ticker VOYG, riding hot IPO momentum (CRCL +247%, MNTN +56%) and a surging space theme. Political tension between Trump and Elon Musk may also shift federal contract attention to other players.

💳 Chime IPO (Exp. Thursday)

Digital bank Chime is set to go IPO on Thursday, following strong fintech listings including Circle, Webull, and eToro. Chime’s overlap with retail-accessible fintechs positions it for possible sympathy flow if the IPO is strong.

⚛️ Nuclear Momentum

The Trump administration’s executive orders have set the stage for a sweeping U.S. nuclear revival. Key policies are already in motion — and near-term catalysts are emerging through corporate deals and energy partnerships.

🏛️ This Week’s Macro Events

• Wednesday: May CPI — could shift rate cut expectations

• Friday: Michigan Sentiment — retail vs. defensive sectors in play

• All Week: Apple’s WWDC could spark AI/hardware flow

• Thursday – Tesla Robotaxi Reveal (expected)

🧨 Meme SPAC Setup (High Redemption Float Plays)

⚠️ Speculative. High risk. Not trade advice.

These setups are driven by extremely low floats after SPAC mergers with >90% redemptions. Recent examples have spiked dramatically post-close before crashing within 1–2 days.

🔓 This Week’s Pro Recap: 7 Setups Shared, 42 Tickers Tracked

This week’s Pro edition delivered 7 forward-looking setups and tracked 42 tickers (direct impact + sympathy tickers) tied to real catalysts — from IPO momentum and thematic trends to macro events and memes.

Based on this week’s newsletter, that could be over 350 setups a year for just $70/month or $585/year.

And the newsletter is just the surface. Our Pro members also get full, unrestricted access to the ListingTrack web platform, with detailed IPO, M&A, SPAC data, curated dashboards (AI, Nuclear, Defense ++), curated key event-driven updates and screeners.

👉 Use code SETUPS for 20% off your first month or year
→ [Upgrade to Pro]

You can view today’s Pro edition after you sign up for Pro on our Content Library.

DISCLAIMER: Everything in this newsletter is for informational purposes only and does not constitute investment or trading advice. These are event-driven setups we’re watching, not recommendations. See the end of this newsletter for full disclaimer.

This Week’s Earnings

Last Week’s Index Performance

IPOs & Other Public Listing Recap

IPO/ Listing Action

Past week

Last week, there were 6 listings:
• 2 Traditional IPOs with strong gains (top: CRCL +247%)
• 2 De-SPACs with strong gains (top: NAMM +212%) and 2 uplistings

See more: Latest Listings

Expected IPOs

See more: Upcoming Listings

AI, Robotics, Quantum

Live Coverage: Core AI & Infrastructure theme page, Next Wave AI theme page

Pre-IPO Financings (Series C+ and Prominent):

• Perplexity AI, an AI search startup, is in talks with Samsung to preload its app on Galaxy devices and raise $500M at a $14B valuation with Samsung as a major investor.

• Elon Musk’s xAI is marketing a $5B term loan arranged by Morgan Stanley—commitments due Jun 17 2025—with $52M Q1 revenue/–$341M EBITDA, >$3.5B demand anchored by TPG, and a 25 bp political-risk OID flex.

• Scale AI, an AI data-labeling firm serving Microsoft and OpenAI, is in advanced talks for a >$10B investment from Meta—potentially via a tender at a $25B valuation—marking Meta’s largest external AI stake and securing a strategic foothold in government AI contracts.

Other Situations / Industry Activity / Commentary:

• Anthropic, a generative AI developer, reached ~$3B in annualized revenue by May 2025, up from ~$1B in December 2024, reflecting rapid enterprise adoption.

• Meta (META), a social media and tech giant, is developing AI-driven ad tools to generate and personalize ads by geolocation in real time, funded by >97% ad revenue.

• Brookfield Asset Management (BAM) will invest 95B SEK (~$9.9B) to build an AI data center in Sweden, creating over 3,000 jobs and leveraging reliable power for AI projects.

• X Corp. agreed with the SEC to extend Elon Musk’s response deadline in its civil suit to Jul 18 2025 (from Jun 6 2025); the SEC seeks fines and disgorgement.

• Reddit (RDDT) filed a lawsuit against Anthropic in San Francisco, alleging the AI company accessed Reddit >100,000 times since Jul 2024 despite claiming to block its bots, and seeks damages potentially worth billions.

• Amazon (AMZN) formed a new Lab126 team focused on “agentic AI” to develop physical-AI frameworks for its robotics operations, enabling warehouse robots to execute multistep tasks via natural-language commands. It is additionally building an “agentic” humanoid-robot delivery system—robots will train in a San Francisco “humanoid park,” ride in Rivian electric vans, and deliver packages, using Unitree’s $16,000 robots and Agility’s Digit.

Aerospace & Defense

Live Coverage: New Space theme page; NextGen Defense theme page

Listings - Launches/ Plans / Rumors:

• Voyager Technologies (VOYG), an autonomous mobility technology firm, launched an IPO roadshow for 11M shares at $26–29 with a 1.65M greenshoe, aiming to raise $286M–319M at a ~$1.52B valuation; listing expected Jun 11.

• BPGC Acquisition Corp. (ROSS), a SPAC backed by Wilbur Ross, signed a non-binding LOI with iRocket to list at a $400M pre-money valuation, leveraging DoD-backed TACFI and CRADA contracts.

Pre-IPO Financings (Series C+ and Prominent):

• Impulse Space, an in-space mobility services provider led by Tom Mueller, raised $300M in Series C led by Linse Capital with DFJ Growth, Founders Fund, Lux Capital, and others to scale its $525M backlog.

• Anduril Industries, a defense technology company, closed a $2.5B Series G round led by Founders Fund (including a $1B investment), oversubscribed with a Thrive Capital–backed tender offer, at a $30.5B valuation to accelerate production at its Arsenal-1 factory in Columbus, Ohio.

Other Situations / Industry Activity / Commentary:

• SpaceX, a space launch and satellite company, expects ~$15.5B revenue in 2025 driven by Falcon 9 and Starlink growth, up from $4.6B in 2022, surpassing NASA’s proposed $18.8B commercial budget.

• Elon Musk initially said SpaceX would decommission its Dragon spacecraft after Trump’s contract threat, then reversed the decision hours later following user feedback; Dragon remains the only U.S. crew transport option to the ISS.

• NASA and Pentagon accelerated outreach to Rocket Lab, Stoke Space, Blue Origin, and Sierra Space to reduce reliance on SpaceX after Musk’s spat with Trump; NASA targets Starliner’s next ISS flight in early 2026, pending certification.

Logistics, Transportation + Travel, Autos

Live Coverage: Logistics theme page

Listings - Launches/ Plans / Rumors:

• Rubico Inc. (RUBI), a maritime transportation spinoff from TOP Ships, will list on Nasdaq via a June 30 spin-off distribution and raise $1.5M via a $20/share private placement.

• Plus, an autonomous trucking company, agreed to go public via a SPAC merger with Churchill Capital Corp IX (CCIX) at a $1.2B pre-money valuation.

Public M&A:

• Toyota Motor (TM), AISIN, DENSO, and Toyota Tsusho will take Toyota Industries private via a ¥16,300/share tender offer valuing it at ¥4.7T (~$33B), funded by ¥700B prefs, ¥180B equity, and Akio Toyoda’s ¥1B stake to focus on autonomous logistics.

• JetBlue Airways (JBLU) CEO Joanna Geraghty clarified that its new partnership with United Airlines will not lead to a merger, enabling reciprocal flight bookings and loyalty points sharing.

Prominent Private/ Non-US Listed M&A:

• Toyota (TM) must secure >20% of the minority float (>42% excluding Toyota holdings) in its ¥16,300/share tender offer to privatize Toyota Industries (¥4.7T/$33B plan); shares have drifted to ¥16,205, improving odds amid expected resistance.

Energy, Materials, and Industrials

Listings - Launches/ Plans / Rumors:

• FiEE, Inc. (MINM), a provider of IoT, connectivity, and AI brand management solutions, uplisted from OTC to Nasdaq and began trading under “MINM” on June 2, 2025.

• Namib Minerals (NAMM) closed its SPAC merger with Hennessy Capital VI and began trading on Nasdaq under the tickers NAMM (common) and NAMMW (warrants) on June 6, 2025.

• XCF Global Capital (SAFX), a sustainable aviation fuel company, will list on Nasdaq following its SPAC merger with Focus Impact BH3, trading under SAFX from Jun 9 2025; warrants TBD.

Public M&A:

• Sitio Royalties (STR) will be acquired by Viper Energy (VNOM), a Diamondback (FANG) subsidiary, in an all-equity deal valued at ~$4.1B (including ~$1.1B net debt), with Sitio holders receiving 0.4855 VNOM shares per STR share, pending Q3 2025 closing.

• Chart Industries (GTLS) agreed to merge with Flowserve (FLS) in an all-stock, merger-of-equals valued at ~$19B, combining $8.8B revenue and $3.7B in aftermarket services, targeting $300M in annual synergies within three years.

• Herc Holdings (HRI) completed its acquisition of H&E Equipment Services, combining two major North American equipment rental operators; H&E shareholders received $78.75 in cash and 0.1287 Herc shares per H&E share, and H&E’s stock was subsequently delisted from NASDAQ.

• ConnectM (CNTM), a technology services company, paused acquisition talks with Optimax Solutions, SriSid LLC, Arumilli LLC, and Win-Light Global due to delayed filings, with discussions set to resume after its planned Nasdaq/NYSE relisting.

• GeoPark (GPRK), an oil and gas exploration company, adopted a limited-duration poison pill after Pampa Energia’s subsidiary accumulated a 10.17% stake, triggering rights if any holder exceeds 12% without board approval.

• Nippon Steel and the Trump administration asked a U.S. appeals court to extend the litigation pause by 8 days (from Jun 5) to finalize terms of Nippon’s $14.9B takeover of U.S. Steel; court likely to approve as negotiations continue.

Pre-IPO Financings (Series C+ and Prominent):

• TAE Technologies, a fusion energy developer, raised >$150M in a funding round led by Chevron, Google, and NEA, bringing total equity to >$1.3B to advance its Copernicus reactor toward net energy capability.

Other Situations / Industry Activity / Commentary:

• Meta (META) signed a 20-year deal to buy ~1.1GW of nuclear power from Constellation Energy’s Clinton plant beginning in 2027, ensuring its continued operation and relicensing.

Healthcare

Listings - Launches/ Plans / Rumors:

• Omada Health (OMDA), a digital health platform for chronic condition management, priced its $150.1M IPO at $19 per share, valuing it at ~$1.06B, with Morgan Stanley as lead underwriter.

Public M&A:

• Blueprint Medicines (BPMC) will be acquired by Sanofi in a cash tender at $129.00 per share for a $9.1B upfront valuation (up to $9.5B including up to $6 in contingent milestone payments); expected to close in Q3 2025, with CVRs tied to BLU-808 development and regulatory milestones and accretive to EPS after 2026.

• bluebird bio (BLUE) was acquired by Carlyle and SK Capital Partners for $49M, leading to its common stock’s delisting; the buyers committed significant capital to expand bluebird’s operations in sickle cell disease, β-thalassemia, and cerebral adrenoleukodystrophy.

• MoonLake Immunotherapeutics (MLTX), an immuno-oncology biotech, reportedly received a nonbinding acquisition offer from Merck (MRK) for over $3B; the initial approach was rejected, though talks may resume.

Pre-IPO Financings (Series C+ and Prominent):

• Neuralink, Elon Musk’s brain–computer interface startup, closed a $650M Series E round led by ARK Invest, Founders Fund, Sequoia Capital, and Thrive Capital at a ~$9B pre-money valuation; Neuralink has implanted chips in five paralyzed individuals and received FDA Breakthrough Device designation.

• Antheia, a biosynthetic pharmaceutical ingredient manufacturer, raised $56M in a Series C led by Global Health Investment Corporation and EDBI, with ATHOS KG, Federov, Viking Global, Sherpalo Ventures, S-Cubed Capital, In-Q-Tel, and Civilization Ventures joining to expand thebaine commercialization and pipeline production.

• Allay Therapeutics, a clinical-stage biotech developing ultra-sustained analgesics, completed a $57.5M Series D co-led by Lightstone Ventures and ClavystBio with participation from NEA, Arboretum, Vertex Growth, Vertex Ventures Healthcare, Brandon Capital, IPD Capital, EDBI, and SGInnovate; HSBC provided venture debt, and Joe Zakrzewski became Chair.

Bankruptcies / Delistings:

• A bankruptcy court approved a second auction for 23andMe’s DNA-assets after co-founder Anne Wojcicki’s TTAM Institute bid $305M—topping Regeneron’s $256M—requiring Regeneron to counter at ≥$315M with a $10M breakup fee if outbid.

Fintech & Financial Services, Insurance, Real Estate

Listings - Launches/ Plans / Rumors:

• Chime Financial (CHYM), a digital banking platform, launched its IPO roadshow for 32M Class A shares at $24–26 (4.8M greenshoe), targeting a $768M–$832M raise at a ~$9.11B valuation; Nasdaq listing under “CHYM” is expected to price June 11 and begin trading June 12 with Morgan Stanley, Goldman Sachs, and J.P. Morgan as lead underwriters.

• Ategrity Specialty Holdings LLC (ASIC), a specialty insurance company, opened its IPO for 6.667M shares at $14–16 (1.0M greenshoe) and launched its roadshow to raise $93M–$107M at a ~$706M valuation; NYSE listing under “ASIC” is expected to price June 11 and begin trading June 12 with J.P. Morgan and Barclays as joint leads.

• Wise (WIZEY), the British money-transfer fintech, will move its primary listing to the U.S. while maintaining a secondary London listing, further reducing the LSE’s roster of home-listed firms.

• Holcim obtained SEC effectiveness and SIX/NYSE approvals for the 100% spin-off of Amrize (AMRZ); shareholders receive 1 AMRZ per Holcim share held on Jun 20 2025, with AMRZ trading from Jun 23 2025 (09:00 CET/09:30 ET).

Public M&A:

• ConnectOne Bancorp (CNOB) completed its $284M acquisition of First of Long Island Corporation, merging under the ConnectOne brand and delisting First of Long Island’s shares.

• Enterprise Bancorp (EBTC) and Independent Bank Corp. received all required regulatory approvals for their pending merger, scheduled to close on July 1, 2025, combining two community-focused banks to enhance service capabilities and expand regional market presence.

• Redfin (RDFN) shareholders approved a merger with Rocket Companies (RKT), expected effective by July 1, 2025, pending collapse of Rocket’s “Up-C” structure; Redfin will become a Rocket subsidiary and its shares will be suspended upon closing.

• Playa Hotels & Resorts (PLYA) cleared Hyatt’s $13.50 cash tender offer expiring Jun 9 2025, with acceptance on Jun 11, follow-on period through Jun 16, and full ownership by ~Jun 17.

• Global Blue Group (GB), through Shift4’s GT Holding 1 GmbH, extended its all-cash tender offer for all shares to Jun 23 2025; 90% tender condition met, closing contingent on approvals.

• Logan Ridge (LRFC) postponed its merger vote with Portman Ridge (PTMN) from Jun 6 to Jun 20 2025.

Prominent Private/ Non-US Listed M&A:

• Bolttech, an embedded-insurance provider, closed a $147M Series C at a $2.1B valuation with new investors Sumitomo Corp. and Iberis Capital, and will form a JV with Sumitomo to expand in Asia.

• Trucordia, an insurance brokerage, secured a $1.3B strategic investment from Carlyle’s Global Credit platform at a $5.7B valuation to reduce leverage, repurchase minority units, simplify governance, and provide long-term strategic flexibility.

Other Situations / Industry Activity / Commentary:

• Abacus Life (ABL), a life settlements operator, was targeted by Morpheus Research’s short report alleging fake revenue by systematically underestimating when policyholders will die.

• Opendoor Technologies (OPEN) proposed a reverse stock split between 1-for-10 and 1-for-50 to maintain its Nasdaq listing.

Crypto

Listings - Launches/ Plans / Rumors:

• Circle (CRCL) priced an upsized $1.1B IPO above an increased range, drew >20× oversubscription, and saw shares open on Nasdaq >3× the IPO price, marking the largest crypto IPO since Coinbase and spurring other digital-asset listings. Circle shares closed at $107.70 on day 2—up 247% from the $31 IPO—lifting diluted market cap to ~$28.6B; ARK Invest bought >3M shares for its flagship ETF and 1.46M for other funds, making Circle 4.37% of its primary fund’s weight.

• Gemini, the crypto exchange founded by the Winklevoss twins, confidentially filed an IPO registration with the SEC—working with Goldman Sachs and Citigroup—following Circle’s public debut.

Other Situations / Industry Activity / Commentary:

• Galaxy Digital (GLXY), a crypto-focused financial services firm, raised $600M in an upsized US share sale after Nasdaq listing, signaling rising dual-listing interest for TSX firms.

Enterprise Software, Cybersecurity

Public M&A:

• Bloomberg reported IBM held takeover talks with Informatica before Salesforce’s $8B acquisition, underscoring a competitive bidding environment that also attracted interest from Cloud Software Group

Pre-IPO Financings (Series C+ and Prominent):

• Zero Networks, a cybersecurity microsegmentation firm, raised $55M in a Series C led by Highland Europe with F2 Venture Capital, PICO Venture Partners, Venrock, and USVP, bringing total funding to over $100M.

Consumer & Retail

Pre-IPO Financings (Series C+ and Prominent):

• Vivrelle, a luxury-accessories membership club, raised $62M in Series C funding from Protagonist to integrate fashion and tech and expand its platform.

• Fever, a live-experience platform, secured >$100M in equity funding from L Catterton and Point72 Private Investments alongside existing investors to accelerate expansion in music and sports, including potential collaboration with the New York Mets.

Other Situations / Industry Activity / Commentary:

• Lamb Weston (LW) faced a lawsuit from activist Jana Partners (7% stake) seeking disclosure on its $9.4B buyout by 3G Capital, alleging a single-bidder process and calling for a board overhaul.

• 27% holders Edward & Ludmila Smolyansky criticized Lifeway Foods’ Q1 results—income from operations down 55% Y/Y, operating margin 3.4% vs. 7.9%, net sales +3.3% Y/Y—and flagged insider sales and an $8.5M CEO award.

Bankruptcies / Delistings:

• ContextLogic (LOGC) was delisted by Nasdaq and will begin trading over-the-counter (OTC).

Media, Telecom, Entertainment

Listings - Launches/ Plans / Rumors:

• The Generation Essentials Group (TGE) closed its SPAC merger with Black Spade II and began trading under symbols TGE and TGE WS for its common shares and warrants on June 5.

• AdTech Viewbix Inc. (VBIX) debuted following its uplisting to Nasdaq at $5.50 per share, giving the company an estimated IPO market cap of $55 million.

Public M&A:

• Paramount Global (PARA) nominated three directors to expand its board ahead of FCC review of its $8.4B Skydance deal amid a $20B defamation suit by Donald Trump against CBS.

Other Situations / Industry Activity / Commentary:

• Proxy adviser ISS urged PENN shareholders to vote FOR all three HG Vora nominees on the GOLD card at the Jun 17 2025 annual meeting, citing disappointing performance, a failed interactive strategy, and weak board accountability.

Thanks for reading,

The team at ListingTrack

Market Data and Coverage: All market data presented is based on the stock prices at the close of the previous trading day. We cover the US market only at this time.

DISCLAIMER: The information provided in this newsletter is for informational purposes and for your convenience only and is not intended to be treated as financial, investment, tax, or other advice. The author or guest authors may have positions in any of the stocks discussed. ListingTrack and its parent, CommonFi, do not make any guarantees, representations, or warranties as to, and shall have no liability for, the timeliness, truthfulness, sequence, quality, completeness, or accuracy of any of the information or data provided in this newsletter or on the ListingTrack website.