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Author: Marlena Haddad

IPO-Pricing

McLaren Technology Acquisition Corp. (MLAIU) Prices $175M IPO


McLaren Technology Acquisition Corp. announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MLAIU” Wednesday, November 3.

The new SPAC intends to focus its search on companies within the banking, financial services and insurance sector that leverage artificial intelligence, machine learning, digital, technology, and fintech.

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Switchback II Corp. (SWBK) Shareholders Approve Bird Deal

Switchback II Corp. (NYSE:SWBK) secured shareholder approval of its combination with scooter-share provider Bird in a special meeting held earlier today. Switchback II reported that approximately 98% voted in favor of the business combination and all other proposals related to the combination with Bird were also approved. Holders of approximately 79% of Switchback II’s issued
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Fortune Rise Acquisition Corp. (FRLAU) Prices $85M IPO


Fortune Rise Acquisition Corp. announced the pricing of its $85 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FRLAU” Wednesday, November 3.

The new SPAC’s efforts to identify a target business will not be limited to a particular industry or geographic region, although the Company is prohibited from undertaking initial business combination with any entity that conducts a majority of its business or is headquartered in China (including Hong Kong and Macau).

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The Latest SPAC News and Rumors: November 2, 2021


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

Latest SPAC News: Financial firms race to list first SPAC in Hong Kong and Medikabazaar targets unicorn status in 2022


Financial Firms’ Race to List First SPAC in Hong Kong Heats Up As HKEX Decision Nears

Financial firms are busy working with wealthy clients to be among the first to list SPACs in the city in anticipation of Hong Kong Exchanges and Clearing (HKEX) giving its approval to blank-check companies, according to South China Morning Post.

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Khosla Ventures II (KVSB) Pre-Announces Light Redemptions with Nextdoor

Khosla Ventures Acquisition Co. II (NASDAQ:KVSB) pre-announced its redemption amounts this afternoon in a press release ahead of its shareholder meeting tomorrow to vote on its combination with neighborhood social media platform Nextdoor. KVSB reported that the transaction is expected to raise approximately $633.3 million in gross proceeds. At least $363.3 million will be from
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The Latest SPAC News and Rumors: November 1, 2021


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

Latest SPAC News: Prison phone company Securus in talks to merge with Atlantic Avenue, Redbox signs content deal with Fremantle, and Singapore’s Novo Tellus files for blank-check IPO


Prison Phone Company Securus Is in SPAC Merger Talks

Tom Gores’s Platinum Equity is exploring strategic options for one of its most controversial investments, prison phone operator Securus Technologies Inc.,

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The Latest SPAC News and Rumors: October 29, 2021


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

Latest SPAC News: Trump media deal advisers were reprimanded by SEC, Marjorie Taylor Greene buys Trump-linked SPAC during height of trading frenzy, and DocGo secures multiple new contracts


Trump Media Deal Partner Advisers Were Reprimanded by the SEC

The financiers – Abraham Cinta, Sergio Camarero, Carlos Lopez and Jesus Emilio Hoyos Quintero – are managing partners of ARC Group Ltd, a Shanghai-based investment bank listed in a regulatory filing as a financial adviser to Digital World Acquisition Corp (NASDAQ:DWAC), the shell company merging with the former U.S.

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SDCL EDGE Acquisition Corp. (SEDA.U) Prices $175M IPO

Oct 29, 2021 IPOs by Marlena Haddad

SDCL EDGE Acquisition Corp announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “SEDA.U” Friday, October 29.

The new SPAC intends to focus on opportunities created by the rapid shift towards energy efficient and decentralized energy solutions for a lower carbon economy and, in particular, for the built environment and transport sectors.

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Tailwind Two Acquisition Corp. (TWNT) to Combine with Terran Orbital in $1.57Bn Deal

Tailwind Two (NYSE:TWNT) has entered into a definitive agreement to combine with satellite-maker Terran Orbital at an enterprise value of $1.575 billion. The Boca Raton, Florida-based company provides small satellite solutions for military, intelligence community, civil and commercial customers. The combined company is expected to trade on NYSE under the symbol “LLAP” once the deal is completed in
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Spartacus Acquisition Corp. (TMTS) Shareholders Approve NextNav Deal

Spartacus Acquisition Corp. (NASDAQ:TMTS) announced in a press release today that it secured shareholder approval of its combination with GPS mapping company NextNav in a special meeting held yesterday. Although Spartacus did not disclose redemption numbers, TMTS traded above $10 throughout its redemption deadline October 25. The deal was closed today and the combined company
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The Latest SPAC News and Rumors: October 28, 2021


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

Latest SPAC News: Solid Power partners with SK Innovation, ex-Barclays banker Azar sees more SPAC scrutiny following crackdown, and Cantor plans hiring spree


Solid Power Partners with SK Innovation to Jointly Produce All-Solid-State-Batteries

Solid Power, Inc.,

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Focus Impact Acquisition Corp. (FIACU) Prices $200M IPO

Oct 28, 2021 IPOs by Marlena Haddad

Focus Impact Acquisition Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “FIACU” Thursday, October 28.

The new SPAC intends to focus its search on businesses that are, or seek to be positioned as, a “Social-Forward Company”, which are companies that marry operating excellence with the desire to create Social good, with the benefit of increasing attention and capital flows to such companies while amplifying their social impact.

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Perception Capital Corp. II (PCCTU) Prices $200M IPO

Oct 27, 2021 IPOs by Marlena Haddad

Perception Capital Corp. II  announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PCCTU” Thursday, October 28.

The new SPAC intends to concentrate its efforts on identifying and acquiring a technology-enabled company with a proven business model operating within one of the multiple sectors benefitting from secular tailwinds in industrial technology, which includes businesses focused on: mobility and autonomous motion, automation components and systems, material handling solutions, robotics, additive manufacturing, Internet of Things and connectivity; as well as the sustainability sector with businesses focused on: energy storage, advance battery technologies, the hydrogen economy, waste-to-energy, renewable energy, recycling, building energy management and technologies for clean food, water and air.

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