STOP THE WAR! Let’s support Ukraine Together

Author: Nicholas Alan Clayton

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INSU Acquisition II (INAQ) Shareholders Approve Metromile Deal

INSU Acquisition II (NASDAQ:INAQ) announced that its shareholders approved its combination with car insurer Metromile at a special meeting earlier today. The company has not yet filed an 8-K detailing the vote, but noted that redemptions were negligible and 99% of funds would remain in the company’s trust. The business combination is expected to close
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Decarbonization Plus Acquisition Corporation (DCRB) to Combine with Hyzon Motors in $2.1Bn Deal

Decarbonization Plus (NASDAQ:DCRB) has entered into a definitive agreement to combine with hydrogen vehicle-maker Hyzon for an enterprise value of $2.1 billion, or 10.6x its 2022E revenue. Hyzon makes hydrogen fuel cell engines for heavy trucks as a alternative to diesel power sources. This transaction is expected to close in the second quarter of 2021.
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GreenVision Acquisition Corp. (GRNV) to Combine with Helbiz in $320M Deal

GreenVision Acquisition Corp. (NASDAQ:GRNV) has entered into a definitive agreement to combine with micro-mobility company Helbiz for an enterprise value of $320.5 million, or 1.9x its 2022E revenue. Helbiz provides a ride-sharing platform for scooters, e-bikes and mopeds in 29 cities in Europe and the US. The combined entity is expected to trade on the
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NextGen Acquisition Corp. (NGAC) Reportedly in Deal Talks with EV-Maker Xos

NextGen Acquisition Corp. (NASDAQ:NGAC) could be the next SPAC to combine with a electric vehicle (EV) maker as it is currently working to arrange a PIPE to finance a merger with Xos Trucks, according to Reuters. The deal could value Xos at around $2 billion with an announcement potentially coming this month, according to the report.
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Tortoise Acquisition II Corp. (SNPR) to Combine with Volta in $1.4Bn Deal

Tortoise Acquisition II Corp. (NYSE:SNPR) has entered into a definitive agreement to combine with electric vehicle (EV) charge station-maker Volta for an enterprise value of $1.4 billion. Volta makes consumer vehicle charging stations designed for prime locations as a visitor-draw and advertising space in addition to powering up EVs on the road. The combined entity
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