
SPACCircle Acquisition Prices $100 Million IPO on Nasdaq
SPACCircle Acquisition Corp., a blank-check company, has priced its initial public offering of 10 million units at $10.00 each, raising $100 million in gross proceeds.
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SPACCircle Acquisition Corp., a blank-check company, has priced its initial public offering of 10 million units at $10.00 each, raising $100 million in gross proceeds.

The Nasdaq 100 is testing a significant overhead resistance level near 29,800 after a recent bounce, with technical indicators presenting conflicting signals for the index's next move.

Shares of the biotech firm gained after Nasdaq announced its addition to the widely tracked Nasdaq-100 index, a move set to trigger significant buying from tracker funds.

The biotechnology firm will be added to the benchmark technology index before the market opens on October 9, following the acquisition of Warner Bros. Discovery.

Biotechnology firm Moderna will join the Nasdaq 100 index, replacing Warner Bros. Discovery effective October 9. The change is driven by Warner Bros. Discovery's pending merger and Moderna's significant growth in market capitalization.

The Nasdaq 100 index is trading within a narrow band between 30,400 and 31,000, with technical indicators pointing to a period of market indecision ahead of a potential directional move.