Helix Acquisition Corp. (HLXA) to Combine with Moonlake Immunotherapeutics in $360M Deal

Oct 4, 2021 INTEL by Nicholas Alan Clayton

Helix (NASDAQ:HLXA) has entered into a definitive agreement to combine with biotech firm Moonlake at a pre-money valuation of $360 million and a pro forma equity value of $620 million at close. Schweiz, Switzerland-based Moonlake is developing three drugs to treat different forms of psoriasis disorders that are set to enter Phase II trials in
Read More

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

dMY Technology Group, Inc. VI (DMYS) Prices Upsized $210M IPO

Oct 1, 2021 IPOs by Nicholas Alan Clayton

dMY Technology Group, Inc. VI announced the pricing of its upsized $210 million IPO and its units are expected to begin trading on the NYSE under the symbol “DMYS.U” Friday, October 1.

Top 3 SPAC Targets – Kitchentech

Oct 1, 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 changing the way food and beverages are produced. We look at why they are compelling and why each could be a fit for a blank-check merger.

Kensington Capital II (KCAC) Adds New PIPE

Sep 30, 2021 INTEL by Nicholas Alan Clayton

Kensington II (NYSE:KCAC) announced this morning that it has arranged an additional $11 million PIPE for its deal with EV-charger Wallbox that saw redemptions drop its funds below the minimum cash condition.

ARYA Sciences Acquisition Corp IV (ARYD) to Combine with Caritas Therapeutics in $242M Deal

Sep 29, 2021 INTEL by Nicholas Alan Clayton

ARYA IV (NASDAQ:ARYD) has entered into a definitive agreement to combine with Amicus (NASDAQ:FOLD)’s gene therapy business to create a separate entity called Caritas Therapeutics with an enterprise value of $242.3 million. This division of Philadelphia-based Amicus is developing a series of gene therapies to treat rare genetic disorders that primarily afflict children and carry
Read More

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

TradeUP Global Corporation (TUGC) to Combine with SAITECH Limited in $228M Deal

Sep 28, 2021 INTEL by Nicholas Alan Clayton

TradeUP Global (NASDAQ:TUGC) has entered into a definitive agreement to combine with crypto-mining equipment maker SAITECH at an equity value of $228 million. Singapore-based SAITECH provides software and hardware solutions to improve the energy efficiency of bitcoin mining operations. The combined company is expected to trade on the Nasdaq under the symbol “SAI” 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.

Hennessy Capital Investment V (HCIC) Revising Plus Deal

Sep 27, 2021 INTEL by Nicholas Alan Clayton

Hennessy V (NASDAQ:HCIC) announced this morning that it is revising its merger with self-driving truck technology firm Plus and likely will miss its initially envisioned outside date of November 8. The filing did not include any additional details about the nature of the restructuring other than it comes “In light of recent developments in the
Read More

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

Gores Guggenheim, Inc. (GGPI) to Combine with Polestar in $20Bn Deal

Sep 27, 2021 INTEL by Nicholas Alan Clayton

Gores Guggenheim (NASDAQ:GGPI) has entered into a definitive agreement to combine with Swedish electric vehicle-maker (EV) Polestar at an enterprise value of $20 billion, or 3x its 2023E revenue. Founded in 2017, the Gothenburg, Sweden-based company produces two consumer EV models that are on the road in Europe, North America and China. The combined company
Read More

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

Spring Valley (SV) to Extend Closing Talks on AeroFarms Deal

Sep 24, 2021 INTEL by Nicholas Alan Clayton

Spring Valley Acquisition Corp. (NASDAQ:SV) announced it is extending its closing negotiations with vertical farming venture AeroFarms to a new deadline of October 24. The SPAC’s shareholders approved the transaction on August 30, but Spring Valley noted at the time of the vote that it faced enough redemptions to leave its minimum cash condition unfulfilled.
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 – DevOps

Sep 24, 2021 INTEL by Nicholas Alan Clayton

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

G Squared Ascend I (GSQD) to Combine with Transfix in $1.1Bn Deal

Sep 21, 2021 INTEL by Nicholas Alan Clayton

G Squared Ascend I (NYSE:GSQD) has entered into a definitive agreement to combine with digital freight platform Transfix at an enterprise value of $1.054 billion, or 3.8x its 2021E revenue. New York City-based Transfix provides a B2B platform helping freight shippers and carriers more efficiently manage, price and track their loads. 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.

Cartesian Growth Corporation (GLBL) to Combine with Alvarium Tiedemann Holdings in $1Bn Deal

Sep 20, 2021 INTEL by Nicholas Alan Clayton

Cartesian (NASDAQ:GLBL) has entered into a definitive business combination with wealth management firms Tiedemann Group and Alvarium Investments at an enterprise value of $1.087 billion, or 10.9x the combined entity’s 2022E EBITDA. The two firms serve as alternative asset managers to clients on four continents and are expected to have about $60 billion in assets
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 – Decentralized Finance

Sep 17, 2021 INTEL by Nicholas Alan Clayton

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

Poema Global Holdings Corp. (PPGH) to Combine with Gogoro in $2.3Bn Deal

Sep 16, 2021 INTEL by Nicholas Alan Clayton

Poema Global (NASDAQ:PPGH) has entered into a definitive agreement to combine with electric vehicle (EV) battery re-charger Gogoro at an enterprise value of $2.35 billion, or 2.5x its 2023E revenue. Taipei-based Gogoro provides branded e-scooters and battery-swapping kiosks for a range of two-wheeled electric vehicles in Taiwan and China. The combined company is expected to
Read More

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

EJF Acquisition Corp. (EJFA) to Combine with Pagaya in $8.5Bn Deal

Sep 15, 2021 INTEL by Nicholas Alan Clayton

EJF (NASDAQ:EJFA) has entered into a definitive agreement to combine with fintech Pagaya at an enterprise value of $8.5 billion, or 12.5x its 2022E revenue. Tel Aviv-based Pagaya provides an AI-powered platform matching customers with third-party credit products both applying for loans and at the point-of-sale (POS). The combined company is expected to trade on
Read More

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

Giga Energy Terminates Deal with Yunhong International (ZGYH)

Sep 15, 2021 INTEL by Nicholas Alan Clayton

Yunhong International (NASDAQ:ZGYH) announced last night that Giga Energy had terminated the pair’s business combination, marking the second termination of the month. The deal was already a bit of an enigma as the parties released little information on the transaction upon its announcement on May 17. Yunhong stated that Giga Energy had the right to
Read More

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

Soaring Eagle Acquisition Corp. (SRNG) Shareholders Approve Ginko Bioworks Deal

Sep 14, 2021 INTEL by Nicholas Alan Clayton

Soaring Eagle Acquisition Corp. (NASDAQ:SRNG) has secured shareholder approval of its combination with cell programming company Ginko Bioworks at a shareholder vote this morning.

The SPAC did see about 49% of its trust redeemed in the vote, however.

Motive Capital Corp (MOTV) to Combine with Forge Global in $1.6Bn Deal

Sep 13, 2021 INTEL by Nicholas Alan Clayton

Motive Capital (NYSE:MOTV) has entered into a definitive agreement to combine with investment marketplace Forge Global at an enterprise value of $1.6 billion, or 10.6x its 2022E revenue. San Francisco-based Forge provides a platform for users to invest in private companies via tender offers or regular cash-outs by employees and shareholders. 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.

Golden Path Acquisition Corporation (GPCO) to Combine with MC Hologram in $450M Deal

Sep 10, 2021 INTEL by Nicholas Alan Clayton

Golden Path (NASDAQ:GPCO) has entered into a definitive agreement to merge with MC Hologram at a total equity value of $450 million. The combined company is expected to trade under the name MicroCloud Hologram Inc. once the deal is completed in the first quarter of 2022, but the parties have not yet announced a proposed
Read More

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

Highland Transcend Partners I Corp. (HTPA) to Combine with Packable in $1.55Bn Deal

Sep 9, 2021 INTEL by Nicholas Alan Clayton

Highland Transcend I (NYSE:HTPA) has entered into a definitive agreement to combine with ecommerce service provider Packable at an enterprise value of $1.55 billion, or 2.2x its 2022E revenue. Hauppauge, New York-based Packable operates the ecommerce platform Pharmapacks and serves consumer brands in managing their own ecommerce optimization and fulfillment in other marketplaces. 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.

Author: Nicholas Alan Clayton