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PepperLime Health Acquisition Corp. (PEPLU) Prices $150M IPO

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Founder SPAC (FOUNU) Prices $275M IPO

Oct 15, 2021 IPOs by Marlena Haddad

Founder SPAC announced the pricing of its $275 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “FOUNU” Friday, October 15.

The new SPAC intends to focus on finding high-quality companies actively engaged in the digital transformational change with an enterprise value between $1.0 to $2.5 billion, with an emphasis on SaaS applications, optimization solutions, security, edge computing, and AI.

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VPC Impact (VIH) Shareholders Approve Bakkt Deal

VPC Impact Acquisition Holdings (NASDAQ:VIH) secured shareholder approval of its combination with digital asset marketplace Bakkt Holdings today after pre-announcing its redemption amounts yesterday morning.

Today’s 8-K filing provided further transparency into VIH’s redemptions, disclosing that a total of 8,452,042 shares were redeemed in connection with the business combination, removing 40.76% of the SPAC’s trust.

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

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

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”
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Spring Valley (SV) and Aerofarms Announce Termination of Agreement

Oct 14, 2021 INTEL by Kristi Marvin
Spring Valley Acquisition Corp. (NASDAQ:SV) announced this morning that it has mutually terminated their business combination agreement with indoor vertical farming company, Dream Holdings, Inc. (“AeroFarms”).  The press release cited that Aerofarms has a great working relationship with Spring Valley, but that they “believe proceeding with this transaction is not in the best interests of
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Marquee Raine Acquisition Corp. (MRAC) Shareholders Approve Enjoy Deal

Marquee Raine Acquisition Corp. (NASDAQ:MRAC) secured shareholder approval of its combination with technology-powered service platform Enjoy Technology Inc. in a meeting held earlier this morning. Although the 8-K filing did not disclose redemption numbers, MRAC traded below $10 throughout its redemption deadline October 11 and closed today at $9.88. MRAC announced on September 14 that
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The Latest SPAC News and Rumors: October 13, 2021


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: SEC leans on SPACs for detailed disclosures, Lordstown Motors appoints new CFO, and CompoSecure announces cryptocurrency product Arculus Key Card


SEC Leans on SPACs for Detailed Disclosures of Risk, Controls

Wall Street’s top regulator promises to issue new, tougher rules for SPACs, but the agency already has ramped up its scrutiny of the blank-check companies that became market sensations in 2020.

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

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
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VPC Impact (VIH) Pre-Announces Redemptions With Bakkt

VPC Impact Acquisition Holdings (NASDAQ:VIH) pre-announced its redemption amounts this morning in a press release ahead of its shareholder meeting tomorrow to vote on its combination with digital asset marketplace Bakkt Holdings. The press release reported that the deal is expected to generate more than $447 million of gross proceeds.  This includes an expected $325
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Live Oak II (LOKB) Shareholders Approve Navitas Semiconductor Deal

Live Oak Acquisition Corp. II (NYSE:LOKB) secured shareholder approval of its combination with advanced charging electronics-maker Navitas in a meeting held yesterday. The press release and 8-K filing did not disclose redemption numbers, but LOKB traded above $10 throughout its redemption deadline October 8, and is currently up 9.61% at $11.03. Live Oak II secured
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The Latest SPAC News and Rumors: October 12, 2021


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Hyphen in talks to merge with Provident Acquisition Corp., SPAC promoters shun Chinese deals amid regulatory chill, and Rocket Lab acquires Advanced Solutions


Li-Backed Hyphen Said in Talks on $1 Billion Provident SPAC Deal

Hyphen Group, a financial technology firm backed by Hong Kong billionaire Richard Li, is in advanced talks to go public through a merger with blank-check company Provident Acquisition Corp.

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