Global Consumer Acquisition Corp. (GACQ) to Combine with GP Global and Luminex

Dec 13, 2021 INTEL by Nicholas Alan Clayton

Global Consumer (NASDAQ:GACQ) has entered into a definitive agreement to combine with air care companies GP Global and Luminex at a combined enterprise value of $507.1 million, or 6.9x its 2023E EBITDA. The two companies are expected to consolidate their brands Candle-Lite, Manly Indulgence, Colonial Candle, and PartyLite under a new brand umbrella called Ascense.
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Aries I (RAM) to Combine with InfiniteWorld in $554M Deal

Dec 13, 2021 INTEL by Nicholas Alan Clayton

Aries I (NASDAQ:RAM) has entered into a definitive agreement to combine with metaverse infrastructure platform InfiniteWorld at an enterprise value of $554 million, or 7.8x its 2023E revenue. Miami-based InfiniteWorld is developing both a marketplace for creators to sell NFTs, but also creative tools to generate new ones tailored to both individuals and brands. The
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

SVF Investment Corp. 3 (SVFC) to Combine with Symbotic in $4.8Bn Deal

Dec 13, 2021 INTEL by Nicholas Alan Clayton

SVF 3 (NASDAQ:SVFC) has entered into a definitive agreement to combine with AI supply chain technology firm Symbotic at an enterprise value of $4.75 billion, or 4.8x its 2023E revenue. Wilmington, Massachusetts-based Symbotic provides technology to either retrofit or build greenfield automated warehouses for the supermarket and retail supply chain. The combined company is expected
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

CC Neuberger II (PRPB) to Combine with Getty Images in $4.8Bn Deal

Dec 10, 2021 INTEL by Nicholas Alan Clayton

CC Neuberger II (NYSE:PRPB) has entered into a definitive agreement to combine with visual content marketplace Getty at an enterprise value of $4.8 billion, or 15.2x 2022E adjusted EBITDA. Seattle-based Getty serves about 1 million customers, licensing to them visual content from about 450,000 contributors covering about 160,000 news, sport and entertainment events annually. The
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Top 3 SPAC Targets – Telehealth/DTC Medicine

Dec 10, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among telehealth firms. We look at why they are compelling and why each could be a fit for a blank-check merger.

MCAP Acquisition Corporation (MCAP) and AdTheorent Waive Minimum Cash Ahead of Vote

Dec 9, 2021 INTEL by Nicholas Alan Clayton

MCAP (NASDAQ:PFDR) announced this morning that its proposed merger partner AdTheorent has opted to waive its minimum cash conditions as a part of their transaction.

The parties initially agreed to a $140 million overall minimum cash threshold and a minimum of $258.1 million set to come from MCAP’s roughly $316 million trust.

Virgin Group Acquisition Corp. II (VGII) to Combine with Grove Collaborative

Dec 8, 2021 INTEL by Nicholas Alan Clayton

Virgin Group II (NYSE:VGII) has entered into a definitive agreement to combine with sustainable home products-maker Grove at an enterprise value of $1.5 billion, or 3.5x 2022E revenue. San Francisco-based Grove makes sustainable home and beauty products sold primarily though its native ecommerce platform. The combined company is expected to trade on the NYSE under
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

FoxWayne Enterprises Acquisition Corp. (FOXW) to Combine with Aerami Therapeutics

Dec 7, 2021 INTEL by Nicholas Alan Clayton

FoxWayne (NASDAQ:FOXW) has entered into a definitive agreement to combine with biopharmaceutical company Aerami Therapeutics. Durham, North Carolina-based Aerami is developing a series of inhaled therapies for severe respiratory diseases and inhaled insulin solutions. The combined company is expected to trade on the Nasdaq once the deal is completed in the first quarter of 2022,
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Oaktree Acquisition Corp. II (OACB) to Combine with Alvotech in $2.25Bn Deal

Dec 7, 2021 INTEL by Nicholas Alan Clayton

Oaktree II (NYSE:OACB) has entered into a definitive agreement to combine with biopharma company Alvotech at an enterprise value of $2.25 billion, or 4.6x its 2025E EBITDA. Reykjavik, Iceland-based Alvotech is developing medicines that are biosimilar to branded pharmaceuticals on the market, potentially providing them to the market at lower prices. The combined company is
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Digital World (DWAC) Releases PIPE Details, Updated Investor Presentation

Dec 6, 2021 INTEL by Nicholas Alan Clayton

Digital World (NASDAQ:DWAC) has continued to release information about its combination with Trump Media in dribs and drabs, appending an update to its investor presentation with this morning’s announcement of a $1 billion PIPE. Additional details on the PIPE itself were provided in the 8-K. This will be made up of 1,000,000 shares of preferred
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Vickers Vantage Corp I (VCKA) Signs LoI with Scilex Holding

Dec 6, 2021 INTEL by Nicholas Alan Clayton

Vickers Vantage I (NASDAQ:VCKA) announced a “teaser” this morning noting that it has signed a letter-of-intent (LOI) to combine with biotech firm Scilex at a proposed equity valuation of $1.5 billion. Scilex is a subsidiary of San Diego, California-based Sorrento Therapeutics (NASDAQ:SRNE) that is working to develop a line of non-opioid pain management products. This
Read More

To access this post, you must purchase 1 - User: Monthly Plan.

Pathfinder Acquisition Corporation (PFDR) Terminates ServiceMax Deal

Dec 6, 2021 INTEL by Nicholas Alan Clayton

Pathfinder (NASDAQ:PFDR) announced this morning that it and software firm ServiceMax have mutually terminated their business combination agreement with neither party required to pay breakup fees. The SPAC cited unfavorable market conditions in its brief press released on the termination. The general headwinds to SPACs are not an immediately recent phenomenon, but a variety of macro
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Digital World Acquisition Corp. (DWAC) Adds $1Bn PIPE to Trump Deal

Dec 6, 2021 INTEL by Nicholas Alan Clayton

Digital World (NASDAQ:DWAC) confirmed a month of rumors over the weekend by announcing a $1 billion PIPE to supplement its combination with Trump Media & Technology Group. The SPAC’s press release does not lay out a price-per-share for the move, but noted that it will be set at a 20% discount to the Digital World’s
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Apollo Strategic Growth Capital (APSG) to Combine with American Express GBT in $5Bn Deal

Dec 3, 2021 INTEL by Nicholas Alan Clayton

Apollo Strategic Growth (NYSE:APSG) has entered into a definitive agreement to combine with American Express Global Business Travel at an enterprise value of $4.98 billion, or 6x its 2021E revenue. New Jersey-based Amex GBT provides a marketplace and loyalty platform for companies providing business travel goods and services hosting $39 billion in total transaction value
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Top 3 SPAC Targets – Quantum Computing

Dec 3, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in the cutting edge quantum computing field. We look at why they are compelling and why each could be a fit for a blank-check merger.

ArcLight Clean Transition Corp. II (ACTD) to Combine with OPAL Fuels in $1.75Bn Deal

Dec 2, 2021 INTEL by Nicholas Alan Clayton

ArcLight II (NASDAQ:ACTD) has entered into a definitive agreement to combine with renewable gas producer OPAL Fuels at an enterprise value of $1.75 billion, or 7.4x its 2023E EBITDA. White Plains, New York-based OPAL produces and distributes renewable natural gas and electricity from biomethane sources. The combined company is expected to trade on the Nasdaq
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

CF Acquisition Corp. VI (CFVI) to Combine with Rumble in $2.1Bn Deal

Dec 2, 2021 INTEL by Nicholas Alan Clayton

CF VI (NASDAQ:CFVI) has entered into a definitive agreement to combine with social video platform Rumble at an enterprise value of $2.1 billion. Toronto-based Rumble provides a video content platform with about 36 million monthly active users popular among conservative commentators and viewers. The combined company is expected to trade on the Nasdaq once the
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Atlantic Coastal Acquisition Corporation (ACAH) to Combine with Essentium

Dec 1, 2021 INTEL by Nicholas Alan Clayton

Atlantic Coastal (NASDAQ:ACAH) has entered into a definitive agreement to combine with additive manufacturing firm Essentium at an enterprise value of $974 million, or 4.6x its 2023E revenue. College Station, Texas-based Essentium provides machines that can remotely print tools and parts for the defense sector as well as a variety of civilian clients. The combined
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Aurora Acquisition Corp. (AURC) Revises Better Deal

Dec 1, 2021 INTEL by Nicholas Alan Clayton

Aurora (NASDAQ:AURC) has announced revisions to its combination with proptech firm Better that would replace equity financing with convertible notes. Instead of a $1.5 billion PIPE and a $278 million backstop, the transaction will now be funded by a $750 million bridge note that will convert to equity at close on terms that have not
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Adit EdTech Acquisition Corp. (ADEX) to Combine with Griid in $3.3Bn Deal

Nov 30, 2021 INTEL by Nicholas Alan Clayton

Adit EdTech (NYSE:ADEX) has entered into a definitive agreement to combine with bitcoin self-mining company Griid Infrastructure at an enterprise value of $3.3 billion, or about 2x its 2023E revenue. The New York-based company operates three bitcoin mining operations in the US powered by an electricity mix that is 70% carbon-free. The combined company is
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Author: Nicholas Alan Clayton