B. Riley Principal 150 Merger Corp. (BRPM) to Combine with FaZe Clan

Oct 25, 2021 INTEL by Nicholas Alan Clayton

B. Riley Principal 150 (NASDAQ:BRPM) has entered into a definitive agreement to combine with digital content platform FaZe Clan at an enterprise value of $713 million, or 14.2x its 2021E revenue. Los Angeles-based FaZe Clan runs a network of influencer talent and e-sports competitors that have amassed 120 million YouTube subscribers and $50 million in
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 – EV Battery Recycling

Oct 22, 2021 INTEL by Nicholas Alan Clayton

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

Greenrose Acquisition Corp (GNRS) Adds Backstop

Oct 21, 2021 INTEL by Nicholas Alan Clayton

Greenrose Acquisition Corp. (NASDAQ:GNRS) announced in an 8-K this morning that it has entered to a pair of agreements to secure the closing process of its combination with four cannabis ventures. YA II PN, an affiliate of Yorkville Advisors Global, has agreed to buy 1,000,000 Greenrose shares on the open market for up to $10.14
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) to Combine with Trump Media & Technology Group

Oct 21, 2021 INTEL by Nicholas Alan Clayton

Digital World (NASDAQ:DWAC) has entered into a definitive agreement to combine with Trump Media and Technology Group (TMTG) at an enterprise value of $875 million. TMTG is working to launch a Trump-centric social media platform in the first quarter of 2022, to be followed by a subscription video on demand service. Transaction Overview Digital World
Read More

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

GS Acquisition Holdings II (GSAH) Convinces 5M Shares to Un-Redeem

Oct 20, 2021 INTEL by Nicholas Alan Clayton

GS Acquisition Holdings II (NYSE:GSAH) announced this morning that about 5 million shares that had previously been tendered for redemption in connection with the close of its merger with Mirion Technologies would now stay in the transaction.

ION Acquisition Corp. 2 Ltd. (IACB) Upsizes PIPE for Innovid Deal

Oct 20, 2021 INTEL by Nicholas Alan Clayton

ION 2 (NYSE:IACB) announced this morning it has secured an additional $50 million in funding for a total PIPE size of $200 million to finance its combination with smart TV tech firm Innovid. It has become increasingly popular in recent weeks for SPACs to de-risk their completion votes by backstopping shares and expanding PIPEs to
Read More

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

Yucaipa Acquisition Corporation (YAC) Upsizes PIPE, Adds Backstop

Oct 18, 2021 INTEL by Nicholas Alan Clayton

It is backstop season in SPAC land and Yucaipa Acquisition Corporation (NYSE:YAC) is the latest to get in on the fun. It announced overnight that it has signed a backstop agreement worth up to $178 million and has also upsized its PIPE by an additional $70 million for its combination with SIGNA Sports United. Three
Read More

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

26 Capital Acquisition Corp. (ADER) to Combine with Okada Manila in $2.6Bn Deal

Oct 15, 2021 INTEL by Nicholas Alan Clayton

26 Capital (NASDAQ:ADER) has entered into a definitive agreement to combine with gambling resort Okada Manila at an enterprise value of $2.6 billion. Okada Manila operates a 42-hectare hospitality complex including the largest integrated casino in the Entertainment City, Philippines. The combined company is expected to trade on the Nasdaq once the deal is completed
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 – 5G/Fiber

Oct 15, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among the companies expanding 5G and fiber infrastructure. We look at why they are compelling and why each could be a fit for a blank-check merger.

DraftKings Joins PIPE for Horizon Acquisition Corp. (HZAC)’s Vivid Seats Deal

Oct 14, 2021 INTEL by Nicholas Alan Clayton

Horizon (NYSE:HZAC) announced this morning that it has swapped out a portion of the PIPE financing for its pending deal with Vivid Seats, replacing an allotment set to be purchased by its affiliate Eldridge Industries with commitments from an interesting newcomer – DraftKings (NASDAQ:DKNG). The move is intriguing for a number of reasons, the timing
Read More

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

ACE Convergence (ACEV) to Combine with Tempo Automation in $936M Deal

Oct 14, 2021 INTEL by Nicholas Alan Clayton

ACE Convergence (NASDAQ:ACEV) has entered into a definitive agreement to combine with electronics manufacturer Tempo at an enterprise value of $936 million, or 4.3x its 2023E revenue. San Francisco-based Tempo provides outsourced digital manufacturing services for electronics and other circuitry applications. The combined company is expected to trade on the Nasdaq under the symbol “TMPO”
Read More

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

RedBall Acquisition Corp. (RBAC) to Combine with SeatGeek in $1.35Bn Deal

Oct 13, 2021 INTEL by Nicholas Alan Clayton

RedBall (NYSE:RBAC) has entered into a definite agreement to combine with ticket marketplace SeatGeek at an enterprise value of $1.35 billion, or 3.9x its 2022E revenue. New York City-based SeatGeek provides an event ticket marketplace to enterprise clients, individual sellers and consumers that includes in-stadium purchase options and integrations with ride-hailing services. The deal is
Read More

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

Dune Acquisition Corporation (DUNE) to Combine with TradeZero in $556M Deal

Oct 12, 2021 INTEL by Nicholas Alan Clayton

Dune (NASDAQ:DUNE) has entered into a definitive agreement to combine with equities trading platform TradeZero at an enterprise value of $556 million, or 4.9x its 2022E revenue. New York City-based TradeZero provides a digital equity trading and investment platform targeted at professional day traders. The combined company is expected to trade on the Nasdaq under
Read More

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

RedBall Acquisition Corp. (RBAC) Confirms SeatGeek Deal Talks

Oct 8, 2021 INTEL by Nicholas Alan Clayton

RedBall Acquisition Corp. (NYSE:RBAC) confirmed in a statement this afternoon that it is in “exclusive discussions” with ticket marketplace SeatGeek “in connection with a possible business combination” following a Bloomberg report claiming a deal is near. The SPAC pumped the breaks on that slightly, noting that there is “no assurance that a definitive agreement will
Read More

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

Top 3 SPAC Targets – Micromobility

Oct 8, 2021 INTEL by Nicholas Alan Clayton

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

FirstMark Horizon Acquisition Corp. (FMAC) to Combine with Starry in $1.6Bn Deal

Oct 7, 2021 INTEL by Nicholas Alan Clayton

FirstMark Horizon (NYSE:FMAC) has entered into a definitive agreement to combine with internet service provider (ISP) Starry at an enterprise value of $1.66 billion, or 6.9x its 2025E adjusted EBITDA. Boston-based Starry provides wireless internet to consumers at gigabit speeds using narrow-wave technology. The combined company is expected to trade on under the symbol “STRY”
Read More

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

Supernova Partners Acquisition Company II (SNII) to Combine with Rigetti Computing

Oct 6, 2021 INTEL by Nicholas Alan Clayton

Supernova II (NYSE:SNII) has entered into a definitive agreement to combine with quantum computing firm Rigetti at an enterprise value of $1.15 billion, or 3x its 2026E EBITDA. Berkeley, California-based Rigetti Computing has developed scalable quantum computing chips and is working to deploy its machines in collaboration with several government and research institutions. 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.

Enphys Acquisition Corp. (NFYS.U) Prices Upsized $300M IPO

Oct 6, 2021 IPOs by Nicholas Alan Clayton

Enphys Acquisition Corp. announced the pricing of its upsized $300 million IPO and its units are expected to begin trading on the NYSE under the symbol “NFYS.U” Wednesday, October 6.

The new SPAC plans to combine with a company that operates in Ibero-America and whose business strategy is aligned with energy transition and sustainability themes, in particular renewable energy.

Hyzon Motors (NASDAQ:HYZN) Rebuts Blue Orca Short Seller Report

Oct 5, 2021 INTEL by Nicholas Alan Clayton

SPACs attract short sellers and the latest round between these two forces involved a strongly-worded statement by Hyzon Motors (NASDAQ:NYZN) pushing back point-by-point on a report by Blue Orca that dropped last Tuesday. Hyzon initially plummeted 37% from $9.21 to a low of $5.80 in the days following the report’s publication, but the company is already
Read More

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

Goldenbridge Acquisition Limited (GBRG) to Combine with AgiiPlus in $578M Deal

Oct 4, 2021 INTEL by Nicholas Alan Clayton

Goldenbridge (NASDAQ:GBRG) has entered into a definitive agreement to combine with work solutions provider AgiiPlus at an enterprise value of $578 million, or 10.5x its 2020 revenue.

Shanghai-based AgiiPlus provides flexible office space and software solutions to businesses in China and Singapore.

Author: Nicholas Alan Clayton