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Environmental Impact Acquisition Corp. (ENVI) to Combine with GreenLight Biosciences in $1.2Bn Deal

Environmental Impact (NASDAQ:ENVI) has entered into a definitive agreement to combine with biotech firm GreenLight at an enterprise value of $1.2 billion, or 6.6x its 2023E revenue. Medford, Massachusetts-based GreenLight is developing a biomanufacturing platform for commercializing ribonucleic acid (RNA) products for both agricultural and human health applications. The combined company is expected to trade
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Astrea Acquisition Corp. (ASAX) to Combine with HotelPlanner and Reservations.com in $567M Deal

Astrea (NASDAQ:ASAX) has entered into a definitive agreement to combine with travel booking websites HotelPlanner and Reservations.com at an enterprise value of $567.1 million, or 4.4x the group’s 2021E revenue. The combined company will keep the HotelPlanner name following the deal’s close in the fourth quarter of 2021 and is set to trade on the
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Merida Merger Corp I (MCMJ) to Combine with Leafly in $385M Deal

Merida Merger Corp I (NASDAQ:MCMJ) has entered into a definitive agreement to combine with cannabis enterprise Leafly at an enterprise value of $385 million, or 8.9x its 2021E revenue. Seattle-based Leafly provides a marketplace of cannabis product sellers with reviews, articles and a database of strains available to legal consumers. The combined company is expected
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DraftKings (DKNG) to Acquire Golden Nugget Online Gaming (GNOG) in All-Stock Deal

DraftKings (NASDAQ:DKNG) has entered into a definitive agreement to acquire Golden Nugget Online Gaming (NASDAQ:GNOG) in the rare tie-up of two recent de-SPACs, both of which completed their combinations in 2020. The deal gives Golden Nugget, which only de-SPAC’d eight months ago, an implied equity value of $1.56 billion, a premium of about 63% over
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Model Performance Acquisition Corp. (MPAC) to Combine with MultiMetaVerse in $300M Deal

Model Performance (NASDAQ:MPAC) has entered into a definitive agreement to combine with MultiMetaVerse at a total equity value of $300 million. Transaction Overview Model Performance raised $57.5 million in its April 2021 IPO and is set to finance the deal as a $300 million stock transaction at $10 per share. Its trust has been supplemented
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CM Life Sciences III (CMLTU) to Combine with EQRx in $3.5Bn Deal

CMLS III (NASDAQ:CMLTU) has entered into a definitive agreement to combine with biotech firm EQRx at an enterprise value of $3.54 billion. Cambridge, Massachusetts-based EQRx is developing a range of drug candidates both generated in-house and licensed from peers with an aim to reducing the overall cost of pharmaceutical rollouts. The combined company is expected
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Growth Capital Acquisition Corp. (GCAC) to Combine with Cepton Technologies in $1.5Bn Deal

Growth Capital (NASDAQ:GCAC) has entered into a definitive agreement to combine with lidar-maker Cepton at an enterprise value of about $1.5 billion, or 1.8x its 2025E revenue. San Jose, California-based Cepton is developing lidar arrays for autonomous driving and applications in smart cities and industrial settings. The combined company is expected to trade on the
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FTAC Athena Acquisition Corp. (FTAA) to Combine with Pico in $1.4Bn Deal

FTAC Athena (NASDAQ:FTAA) has entered into a definitive agreement to combine with fintech firm Pico at an enterprise value of $1.4 billion, or 7.2x its 2021E revenue. New York City-based Pico provides high-speed financial markets data and analysis to institutions across the globe from exchanges in 20 cities. The combined company is expected to trade
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IPO-Pricing
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Yellowstone Acquisition Company (YSAC) to Combine with Sky Harbour in $777M Deal

Yellowstone (NASDAQ:YSAC) has entered into a definitive agreement to combine with airport hanger manager Sky Harbour for a $777 million pro forma equity value. West Harrison, New York-based Sky Harbour develops and leases aviation infrastructure facilities across the US, with scaled up comfort features as compared to community hangars. The combined company is expected to
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TPG Pace Solutions Corp. (TPGS) to Combine with Vacasa in $3.7Bn Deal

TPG Pace Solutions (NYSE:TPGS) has entered into a definitive agreement to combine with vacation rental management platform Vacasa at an enterprise value of $3.747 billion, or 3.7x its 2022E revenue. Portland, Oregon-based Vacasa helps homeowners manage vacation properties and book them out to renters through its own site as well as channel partners like Airbnb
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Atlas Crest Investment Corp (ACIC) Re-Strikes Deal with Archer

Atlas Crest (NYSE:ACIC) announced this morning that it had revised its deal with electric vertical take-off and landing (eVTOL) aircraft-maker Archer, dropping its enterprise value from $2.7 billion to $1.7 billion. This makes for a 38% drop in valuation for Archer, which was the first in a series of eVTOL-makers to strike deals with SPACs
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Queen’s Gambit Growth Capital (GMBT) to Combine with Swvl in $1.1Bn Deal

Queen’s Gambit (NASDAQ:GMBT) has entered into a definitive combination agreement with mobility tech firm Swvl at an enterprise value of $1.1 billion, or 2.8x its 2023E gross revenue. Dubai-based Swvl operates a shared ride-hailing service using minibuses as an urban transport solution as well as a B2B service. The combined company is expected to trade
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Spartan Acquisition Corp. III (SPAQ) to Combine with Allego in $2.6Bn Deal

Spartan III (NYSE:SPAQ) has entered into a definitive agreement to combine with Dutch electric vehicle (EV) charging company Allego at an enterprise value of $2.65 billion, or 12.3x its 2021E revenue. Arnhem, Netherlands-based Allego operates about 26,000 EV charging stations, including ultra-fast charging rigs, across 12 European countries. The combined company is expected to trade
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MCAP Acquisition Corporation (MACQ) to Combine with AdTheorent in $775M Deal

MCAP (NASDAQ:MACQ) has entered into a definitive agreement to combine with digital advertising firm AdTheorent at an enterprise value of $775 million, or 21.2x its 2022E EBITDA. New York-based AdTheorent provides a digital ad platform for online and smart TV ad space that uses machine-learning tools rather than cookies to target users. The combined company
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Bridgetown 2 Holdings Limited (BTNB) to Combine with PropertyGuru in $1.35Bn Deal

Bridgetown 2 (NASDAQ:BTNB) has entered into a definitive agreement to combine with Asian proptech firm PropertyGuru at an enterprise value of $1.35 billion, or 17.8x its 2021E revenue. Kuala Lumpur-based PropertyGuru runs a series of rental and homebuying marketplaces throughout Southeast Asia, hosting more than 2.8 million real estate listings. The combined company is expected
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Dragoneer Growth Opportunities Corp. II (DGNS) to Combine with Cvent in $5.3Bn Deal

Dragoneer II (NASDAQ:DGNS) has entered into a definitive agreement to combine with event technology provider Cvent at an enterprise value of $5.3 billion, or 10.4x its 2021E revenue. Tysons, Virginia-based Cvent provides a subscription-based event-booking platform for corporate clients, providing a range of services for in-person, virtual or hybrid summits. The combined company is expected
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