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The Latest SPAC News and Rumors: July 23, 2021


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

Latest SPAC News: It’s a Summer of SPACs in Europe, Rascoff’s SPAC in talks to take Buyers Edge public, former CBS CEO launches SPAC, and Tom Barrack to appear in California court for bail hearing


Rascoff SPAC Said in Talks to Take Buyers Edge Platform Public

Software provider Buyers Edge Platform is in discussions to go public through a merger with Spencer Rascoff’s Supernova Partners Acquisition Co.

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Churchill Capital Corp. IV (CCIV) Adjourns Shareholder Vote

Churchill Capital Corp. IV  (NYSE:CCIV) announced in a press release this morning that it adjourned its meeting regarding its combination with luxury electric vehicle company Lucid Motors. Shareholders approved all of the proposals except #2, which requires a higher threshold of 65% in order to pass. The new meeting will be tomorrow, July 23 at
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Gores Holdings VI (GHVI) Completes Matterport Deal

Gores Holdings VI  (NASDAQ:GHVI) announced this morning that it has completed its combination with proptech firm Matterport following at a special meeting of shareholders on July 20.

The combined company will commence trading on Nasdaq under the new ticker symbol “MTTR” on July 23, 2021

The release did not include exact redemption figures, but noted that the deal’s final proceeds included about $310 million from Gores VI’s trust.

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CM Life Sciences, Inc. (CMLF) Completes Sema4 Deal

CM Life Sciences, Inc.  (NASDAQ:CMLF) announced this morning that its shareholders approved its combination with genomic and clinical data intelligence company Sema4 and the transaction has now been completed.

The release and an earlier 8-K filing did not disclose redemption figures, but CM Life Sciences traded above $11 through the day of its July 19 redemption deadline and so it is unlikely shareholders redeemed in large numbers, if any.

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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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