TPB Acquisition Corp I (NASDAQ:TPBA) has entered into a definitive agreement to combine with agritech business Lavoro, at an enterprise value of $1.22 billion, or 7.1x its 2022E EBITDA.
Sao Paulo, Brazil-based Lavoro is a diversified omnichannel seller of agricultural inputs in Brazil and the Latin American region more broadly.
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Altus Power (NYSE:AMPS) announced this morning that it will redeem all public and private placement warrants at $0.10 per warrant and all must be exchanged by October 14 at 5 pm ET.
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Delwinds Insurance (NYSE:DWIN) announced in an 8-K this morning that its shareholders approved its combination with insurtech firm FOXO at a special meeting September 14.
The SPAC had already tipped on Tuesday that 99.5% of its shares were redeemed in connection with the vote.
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Kensington Capital Acquisition Corp. IV (NYSE:KCAC) announced in an 8-K this morning that its shareholders have approved its combination with battery-maker Amprius with better-than-average redemptions.
At a special meeting September 13, Kensington IV shareholders voted to approve the deal with about 71.8% redeeming shares in connection with the vote.
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Delwinds Insurance (NYSE:DWIN) announced this morning that it has received requests to redeem 99.5% of its shares and it is transferring its listing to the NYSE American exchange.
The SPAC noted that it had received requests for to redeem 10,991,407 as of its redemption deadline at 5:00 pm September 12.
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Alset Capital (NASDAQ:ACAX) has entered into a definitive agreement to combine with lifestyle company HWH International.
Bethesda, Maryland-based HWH offers a range of perks via a membership program aimed at wellness, travel and VR experiences.
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American Express Global Business Travel Group (NYSE:GBTG) announced this morning that it has launched an exchange offer for all outstanding warrants.
Holders of the company’s 27,226,933 public warrants and 12,224,134 private placement warrants stand to receive 0.275 shares per warrant in the exchange.
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Aesther Healthcare (NASDAQ:AEHA) announced this morning that it has inked a common stock purchase agreement with White Lion Capital that will provide up to $75 million to its combination target Ocean Biomedical.
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Gores VIII (NASDAQ:GIIX) announced this morning that it has amended its deal with sustainable materials-maker Footprint, bringing in new capital and lowering the target’s valuation.
The parties agreed to lower Footprint’s enterprise value by 37.5% to $1 billion from $1.6 billion while adding a standby equity facility worth up to $300 million and a $280 million facility designated for equipment purchases through 2023.
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Aurora (NASDAQ:AURC) announced its fourth tweak to its combination with homebuying marketplace Better, which includes an extension of the deal’s outside date to March 8, 2023.
Better must also cover up to $15 million in expenses for Aurora, half of which must be delivered within five days of this agreement, and the remainder in two $3.75 million tranches on January 2 and March 8.
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Cohn Robbins (NASDAQ:CRHC) announced that it has secured a $260 million backstop for its combination with Swiss lottery operator Allwyn.
European investment group PPF has agreed to buy up to 26,000,000 shares at $10 per share as needed, adding to 4,000,000 it already owns.
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