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Northern Genesis II (NGAB) Shareholders Approve Embark Deal

Northern Genesis Acquisition Corp. II (NYSE:NGAB) secured shareholder approval of its combination with autonomous trucking technology developer Embark Trucks Inc. in a special meeting held yesterday.

NGAB’s 8-K filing disclosed that stockholders holding 29,986,289 shares exercised their right to redeem for a pro rata portion of the funds, removing 72.431% of the SPAC’s trust account.

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The Latest SPAC News and Rumors: November 10, 2021


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

Latest SPAC News: Kin Insurance sees growth accelerate at start of fourth quarter, and Clover Health strengthens presence across Georgia with new contracts


Kin Insurance Sees Growth Accelerate at the Start of Fourth Quarter 2021, While Adjusted Loss Ratio Improves

Kin Insurance, Inc.,

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Ventoux CCM (VTAQ) to Combine with Presto in $816.8M Deal

Ventoux CCM Acquisition Corp. (NASDAQ:VTAQ) has entered into a definitive agreement to combine with restaurant management software provider Presto, at a fully diluted enterprise value of $816.8M, or 7.2x CY23E revenue. Silicon Valley-based Presto provides automation technology for the restaurant sector including many of the top 20 restaurant chains in the U.S. The combined company
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IPO-Pricing

Arena Fortify Acquisition Corp. (AFACU) Prices $150M IPO


Arena Fortify Acquisition Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AFACU” Wednesday, November 10.

The new SPAC intends to focus on acquisition candidates that have either recently emerged from bankruptcy court protection or will require incremental capital as part of a balance sheet restructuring within the broad natural resources industry.

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RCF Acquisition Corp. (RCFA.U) Prices $200M IPO


RCF Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RCFA.U” Wednesday, November 10.

The new SPAC intends to target assets or businesses of scale across the critical minerals value chain that are poised to benefit over the long-term from the substantial market opportunity created by the global energy transition.

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Khosla Ventures (KVSA) Adds to Valo Health PIPE

Khosla Ventures Acquisition Co. (NASDAQ:KVSA) announced this afternoon that it has added another  $1.125 million to the PIPE for its deal with drug discovery platform Valo Health.  The recent commitments were made by Valo’s CEO & Founder David Berry, and CFO Graeme Bell, which will be subject to a 180-day lock-up following the closing. The
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The Latest SPAC News and Rumors: November 9, 2021


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

Latest SPAC News: Abu Dhabi proposes SPAC framework, SPAC tied to Trump’s media venture seeks Wall Street backing, and Nextdoor surges following merger


Abu Dhabi’s Stock Exchange Submits SPAC Framework Proposal

Abu Dhabi has proposed a regulatory framework to allow the listing of blank-check companies, potentially opening the door to a slew of Gulf-focused deals involving SPACs.

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OmniLit Acquisition Corp. (OLITU) Prices $125M IPO


OmniLit Acquisition Corp. priced its $125 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “OLITU” Tuesday, November 9.

The new SPAC intends to concentrate its efforts in identifying high quality businesses in the advanced manufacturing industry, specifically the photonics or optics products, services, and end markets, and related products, services, and end-markets.

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Lemonade (LMND) to Acquire Metromile (MILE) in All-Stock Deal

Lemonade (NYSE:LMND), the insurance company powered by AI, has entered into a definitive agreement to acquire auto insurance company Metromile (NASDAQ:MILE) in an all-stock transaction. The deal gives Metromile, which previously merged with INSU Acquisition Corp. II nearly 10 months ago, an implied equity value of approximately $500 million, or just over $200 million net
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The Latest SPAC News and Rumors: November 8, 2021


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

Latest SPAC News: LAMF Global Ventures I explores acquisition of major European football club and Barrows Hotel considers SPAC merger


Football Finance Veteran Harris Eyes Club Takeover Through US SPAC Deal

Sky News reported that LAMF Global Ventures Corp I (NASDAQ:LGVC), which has been set up by two US entertainment industry executives, will explore the acquisition of a major European club during its trawl of potential targets.

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Northern Genesis II (NGAB) Pre-Announces Quorum to Pass Embark Deal

Northern Genesis Acquisition Corp. II (NYSE:NGAB) today announced that it has secured a quorum for its special meeting tomorrow to vote on its combination with autonomous technology developer Embark Trucks Inc. NGAB reported that its shareholders have already overwhelmingly voted in support of the $4.55 billion business combination and all other proposals to be voted
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The Latest SPAC News and Rumors: November 5, 2021


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

Latest SPAC News: Crypto billionaire-backed SPAC listing plan sends Monex limit up and Virgin Orbit partners with ANA HOLDINGS to procure twenty LauncherOne flights from Japan


Crypto Billionaire-Backed SPAC Listing Plan Sends Monex Limit Up

Monex Group Inc. surged

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7 Acquisition Corp. (SVNAU) Prices $200M IPO


7 Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SVNAU” Friday, November 5.

The new SPAC intends to focus its selection efforts on companies that provide environmental, business and/or infrastructure products and services that will contribute to a more sustainable future consistent with today’s “ESG” principles.

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