Author: Marlena Haddad

MDH Acquisition Corp. (MDH) to Combine with Olive.com in $959M Deal

MDH (NYSE:MDH) has entered into a definitive agreement to combine with digital auto insurers PayLink Direct and Olive.com at an enterprise value of $959 million, or 2.3x its 2023E revenue. Chicago-based Olive.com is the leader in payment services and online vehicle protection plans which allows customers to buy directly on their own terms and in
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10X Capital Venture Acquisition Corp. (VCVC) Shareholders Approve REE Automotive Deal

10X Capital Venture Acquisition Corp.  (NASDAQ:VCVC) announced in an 8-K filing that its shareholders approved its combination with electric vehicle-maker (EV) REE Automotive in a meeting held earlier this morning. The 8-K filing made no mention of redemptions, but VCVC traded just below $10 throughout its redemption deadline July 19.  It opened this morning at
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The Latest SPAC News and Rumors: July 21, 2021


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Cvent nears $5 billion SPAC deal, Penske, ROUSH CleanTech, and Proterra announce new collaboration for F-650 electric commercial trucks, and ChargePoint to acquire has·to·be


Cvent Nears $5-Billion-Plus SPAC Deal

Cvent Inc.

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Tuscan Holdings Corp. (THCB) Shareholders Approve Microvast Deal

Tuscan Holdings Corp.  (NASDAQ:THCB) announced in a press release that its shareholders approved its combination with battery technology developer Microvast Holdings, Inc. in a meeting held earlier this morning. The press release did not provide redemption information, but mentioned the transaction is expected to provide $822 million of gross proceeds to Microvast.  This transaction included
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Revolution Acceleration Acquisition Corp. (RAAC) Shareholders Approve Berkshire Grey Deal

Revolution Acceleration Acquisition Corp.  (NASDAQ:RAAC) announced in an 8-K filing that its shareholders approved its combination with AI robotics firm Berkshire Grey in a meeting held earlier this morning. The 8-K filing made no mention of redemptions, but RAAC traded below $10 throughout its redemption deadline July 16, and opened today at $8.70. Holders of
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Property Solutions Acquisition Corp. (PSAC) Shareholders Approve Faraday Future Deal

Property Solutions Acquisition Corp.  (NASDAQ:PSAC) announced in a press release  and an 8-K filing that its shareholders approved its combination with electric vehicle (EV) maker Faraday Future in a meeting held earlier this morning. PSAC’s release notes that 99.91% of funds will remain in PSAC’s trust account following the redemption deadline, which should mean roughly
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Ascendant Digital Acquisition Corp. (ACND) Shareholders Approve MarketWise Deal

Ascendant Digital Acquisition Corp.  (NYSE:ACND) announced in a press release that its shareholders approved its combination with leading multi-brand digital subscription services platform MarketWise LLC in a meeting held earlier this morning. The press release did not mention redemption numbers, but ACND traded below $10 throughout its redemption deadline July 16, and opened today at $8.79.
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The Latest SPAC News and Rumors: July 20, 2021


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: New rules for China’s tech companies threatens SPAC deals, and Li-Cycle partners with Univar Solutions OnSite Services


New Listing Rules For China’s Tech Companies Could ‘Dampen’ Appetite For SPAC Deals

A new slate of draft rules announced last week by the Cyberspace Administration of China (CAC) threatens to slow the rate of US listings by Chinese tech companies – and attractiveness of those companies to American investors.

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Andina Acquisition Corp. III (ANDA) Shareholders Approve Stryve Deal

Andina Acquisition Corp. III  (NASDAQ:ANDA) announced in an 8-K that its shareholders approved its combination with emerging healthy snacking platform Stryve in a meeting held yesterday.

The deal and all other measures up for vote passed nearly unanimously, but 756,896 shares were redeemed in connection with vote, removing an estimated $7.7 million from the Andina III’s trust.

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FG New America Acquisition Corp. (FGNA) Shareholders Approve OppFi Deal

FG New America Acquisition Corp.  (NYSE:FGNA) announced in a press release today that its shareholders approved its combination with fintech lender Opportunity Financial (OppFi) in a meeting held on July 16. FGNA received elections to redeem approximately 14.8 million of its outstanding public shares, which will leave approximately $91.6 million in its trust account. The
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Omnichannel Acquisition Corp. (OCA) to Combine with Kin Insurance in $1.03B Deal

Omnichannel Acquisition Corp. (NYSE:OCA) has entered into a definitive agreement to combine with insurance technology company Kin Insurance, Inc. at an enterprise value of $1.03 billion, or 15x its 2022E gross profit. Chicago-based Kin is a pure-play direct-to-consumer digital insurer for homeowners and allows customers to insure their home within just minutes. The combined company
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The Latest SPAC News and Rumors: July 19, 2021


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: PropertyGuru nears merger with Bridgetown 2, and Rover booms following lifted COVID rules


PropertyGuru Is Said to Near $1.8 Billion Merger With Thiel SPAC

Singapore’s online real estate firm PropertyGuru Pte is nearing a deal to go public through a merger with Bridgetown 2 Holdings Ltd.

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The Latest SPAC News and Rumors: July 16, 2021


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Vinod Khosla says SPACs are a great alternative for tech, and Apollo’s Rowan believes the SPAC ecosystem is here to stay, while Fed’s Powell says it makes the market feel ‘frothy’ 


SPACs Are Great Alternative for Tech: Vinod Khosla

Khosla Ventures co-founder Vinod Khosla discusses the continuing popularity of tech companies deciding to go public via SPACs including Berkshire Grey, warehouse automation company and Khosla Ventures investment recipient.

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