AMCI II (AMCI) Adds $50M PIPE to LanzaTech Deal

Oct 24, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

AMCI II (NASDAQ:AMCI) announced this morning that it has added a $50 million PIPE to its combination with renewable materials-maker LanzaTech.

Woodside Energy (ASX:WDS) is investing in this PIPE at $10 per share and the two sides expect a strategic collaboration to follow, accelerating LanzaTech’s scale-up as it seeks out new ways to capture carbon and turn it into new industrial feedstocks.

Tastemaker Acquisition Corp. (TMKR) to Combine with Quality Gold in $989M Deal

Oct 21, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Tastemaker (NASDAQ:TMKR) has entered into a definitive agreement to combine with jewelry distributor Quality Gold at an enterprise value of $989 million, or 12x its 2022 adjusted EBITDA. The Fairfield, Ohio-based company sells about 165,000 jewelry SKUs through 15,000 retailers and its native ecommerce site with vertically integrated production, wholesaling and sales operations. The combined
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Where Are They Now? – Simply Good Foods

Oct 21, 2022 Headline Post, INTEL by Nicholas Alan Clayton

In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributors Anthony Sozzi and Sam Beattie.

Mountain Crest V (MCAG) to Combine with AUM Biosciences in $400M Deal

Oct 20, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Mountain Crest V (NASDAQ:MCAG) has entered into a definitive agreement to combine with biotech firm AUM Biosciences at an equity value of $400 million. Singapore-based AUM is working to develop a range of drugs that could improve the effectiveness of cancer treatments with its most advanced candidates entering Phase II. The combined company is expected
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Technology & Telecommunication Acquisition Corp.(TETE) to Combine with Super Apps

Oct 19, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Tech & Telecommunications Acquisition Corp. (NASDAQ:TETE) has entered into a definitive agreement to combine with fintech Super Apps at a valuation of $1.1 billion.

Kuala Lumpur, Malaysia-based Super App has agreed to acquire a 60% stake in OneShop Retail from MobilityOne (LSE:MBO.UK)

Evo Acquisition Corp. (EVOJ) to Combine with 20Cube Logistics in $338M Deal

Oct 19, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Evo Acquisition Corp. (NASDAQ:EVOJ) has entered into a definitive agreement to combine with logistics technology firm 20Cube at an enterprise value of $338 million, or 26.2x its 2022E adjusted EBITDA. Singapore-based 20Cube provides an end-to-end logistics software platform to deliver products from vendors to buyers along the supply chain primarily in major Asian markets. The
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Parsec Capital Acquisitions Corp. (PCX) to Combine with Enteractive Media

Oct 18, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Parsec Capital (NASDAQ:PCX) has entered into a definitive agreement to combine with Enteractive Media. Toronto-based Enteractive provides media content and streams covering gambling events and esports with other services designed at providing gambling tips. Transaction Overview Parsec Capital currently has an estimated $88 million in its pre-redemptions trust and it is to issue 5,000,000 shares
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Archaea Energy (LFG) to Be Acquired for $26 per Share

Oct 17, 2022 Headline Post, INTEL by Nicholas Alan Clayton

Archaea Energy, which combined with Rice Acquisition Corp. in September 2021, announced that it has agreed to be acquired by BP (NYSE:BP) for $26 per share.

The price is a 38% premium to Archaea’s 30-day VWAP and represents a major victory for a de-SPAC at time when the market has been rather short on good SPAC news.

European Biotech Acquisition Corp (EBAC) to Combine with Oculis SA in $218M Deal

Oct 17, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

European Biotech (NASDAQ:EBAC) has entered into a definitive agreement to combine with biopharmaceutical firm Oculis at an enterprise value of $218 million. Lausanne, Switzerland-based Oculis is developing a range of therapies for eye diseases with the most advanced having entered Phase III trials. The combined company is expected to trade on the Nasdaq once the
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Primavera Capital Acquisiton Corporation (PV) Adds $50m in Lanvin Group Deal Tweak

Oct 17, 2022 INTEL by Nicholas Alan Clayton

Primavera Capital (NYSE:PV) announced that it has added $50 million in committed funding to its combination with the Lanvin Group amid other changes to the transaction.

Meritz Securities (KS:008560) agreed to provide the financing in a private placement and may invest an additional $15 million via a PIPE.

Blockchain Moon Acquisition Corp. (BMAQ) to Combine with DLTx ASA in $163M Deal

Oct 17, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Blockchain Moon (NASDAQ:BMAQ) has entered into a definitive agreement to combine with Web 3.0 infrastructure builder DLTx ASA (OSX:DLTX) at an enterprise value of $163.3 million, or 85x its 2021 revenue.

eCombustible Terminates Deal with Benessere (BENE)

Oct 17, 2022 Headline Post, INTEL by Nicholas Alan Clayton

Benessere (NYSE:BENE) announced in an 8-K this morning that its merger target eCombustible has terminated the pair’s combination agreement.

This comes as Benessere has just a few weeks until its November 7, 2022 transaction deadline and it has seen 39.8% of shares redeemed through two previous extensions.

HH&L Acquisition Corp. (HHLA) to Combine with DiaCarta in $460M Deal

Oct 14, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

HH&L (NYSE:HHLA) has entered into a definitive agreement to combine with biotech firm DiaCarta at a pre-money equity value of $460 million. Pleasanton, California-based DiaCarta produces a range of viral and DNA tests to detect ailments early or perform tasks in conjunction with treatment. The combined company is expected to trade on the NYSE once
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SportsTek Acquisition Corp. (SPTK) Signs LOI with Metavisio

Oct 14, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

SportsTek Acquisition Corp. (NASDAQ:SPTK) announced this morning that it has entered into a non-binding letter-of-intent to combine with a computer-maker Metavisio (PA:ALTHO) at an enterprise value of $140 million to $160 million.

Where Are They Now? – OneSpaWorld

Oct 14, 2022 INTEL by Nicholas Alan Clayton

Good Works II (GWII) to Combine with Direct Biologics in $723M Deal

Oct 13, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Good Works II (NASDAQ:GWII) has entered into a definitive agreement to combine with drug developer Direct Biologics at an enterprise value of $723 million. Austin, Texas-based Direct Biologics is developing anti-inflammatory treatments aimed at accelerating recovery from COVID-19 infection and other respiratory and inflammation-related ailments. The combined company is expected to trade on the Nasdaq
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Clean Earth Acquisitions Corp. (CLIN) to Combine with Alternus Energy in $992M Deal

Oct 13, 2022 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Clean Earth (NASDAQ:CLIN) has entered into a definitive agreement to combine with climate technology company Alternus (OSE:ALT) at an enterprise value of $992 million, or 21x its 2023E EBITDA. Dublin, Ireland-based Alternus installs, owns and operates midsized utility scale solar plants and plans to have about 3.5 GW of generation assets in this portfolio by
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G Squared Ascend I Inc. (GSQD) Terminates Transfix Deal

Oct 11, 2022 INTEL by Nicholas Alan Clayton

G Squared Ascend I Inc. (NYSE:GSQD) announced this morning that it has mutually terminated its combination with digital freight software company Transfix and its sponsor will instead invest in the company privately.

Horizon Acquisition Corporation II (HZON) to Combine with Flexjet in $3.1Bn Deal

Oct 11, 2022 Deal Announcements & Amendments, Headline Post by Nicholas Alan Clayton

Horizon II (NYSE:HZON) has entered into a definitive agreement to combine with private aviation company Flexjet at an enterprise value of $3.1 billion, or about 1.3x its 2022E revenue. Richmond Heights, Ohio-based Flexjet operates a membership-based travel network for private plane transportation. The combined company is expected to trade on the NYSE under the symbol
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Digital World (DWAC) Adjourns Extension Vote to November 3

Oct 10, 2022 De-SPAC Votes and Redemptions, Headline Post, INTEL by Nicholas Alan Clayton

Digital World (NASDAQ:DWAC) has once again pushed its special meeting to vote on a one-year transaction deadline extension to Thursday, November 3.

This three-and-a-half week postponement is an unusually long one, but is unsurprising in for what has become one of the most unusual deal processes in years.

Author: Nicholas Alan Clayton