The Latest SPAC News and Rumors: September 21, 2021

Sep 21, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Timberlake, Lizzo back Hydrow ahead of SPAC deal, Malaysia reviews framework for SPACs, and Embark Trucks collaborates with Cummins

Timberlake, Lizzo Back Rowing Startup Hydrow Ahead of SPAC Deal

Recording artists Justin Timberlake and Lizzo invested in Hydrow, a maker of at-home rowing machines that’s discussing going public through a merger with Sandbridge X2 Corp.

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
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HHG Capital Corp. (HHGCU) Prices $50M IPO

Sep 20, 2021 IPOs by Marlena Haddad

HHG Capital Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HHGCU” Tuesday, September 21.

The new SPAC intends to combine with an established business that is currently under-performing its potential due to a temporary period of dislocation in the markets.

The Latest SPAC News and Rumors: September 20, 2021

Sep 20, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Hong Kong struggles to lure SPACs while MENA SPAC activity surges; WeWork to start trading in October

Hong Kong Seen Struggling to Lure SPACs With Strict Rulebook

Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to list in the city, according to Bloomberg.

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
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SPAC IPO Terms Tracker: Another Quiet Holiday Week

Sep 19, 2021 INTEL by sam.beattie

Terms Tracker for the Week Ending Sept. 17, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. For the week ending September 17th, we saw eight new S-1 registration statements, synonymous with last week, and seven IPO’s, two more than last week.
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The Latest SPAC News and Rumors: September 17, 2021

Sep 17, 2021 INTEL by Marlena Haddad

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

**Latest SPAC News: Hong Kong considers allowing SPAC listings, Redbox Entertainment acquires Vendetta distribution rights, and EQRx announces presentation of phase 3 data**

Hong Kong Proposes SPAC Listings, But Only for Professional Investors

Hong Kong Exchanges & Clearing has outlined plans to allow the listing of blank-check corporations whose global popularity has soared over the past year, just two weeks after regional rival Singapore greenlit the float of such entities.

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.

The Latest SPAC News and Rumors: September 16, 2021

Sep 16, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Lucid’s sedan confirmed as longest-range EV, air-taxi startup Lilium generates 29-fold return on Atomico bet, and Spire Global acquires exactEarth

Lucid’s Debut Sedan Awarded 520-Mile EPA Rating, Eclipsing Tesla

Electric vehicle maker Lucid Group (NASDAQ:LCID) says a version of its debut sedan has been confirmed as the longest-range EV ever rated by the U.S.

dMY Technology Group IV (DMYQ) Upsizes PIPE by $50 Million

Sep 16, 2021 INTEL by Kristi Marvin

At a time when securing a PIPE for a combination is challenging (at best), dMY IV (NYSE:DMYQ) has managed to upsize their commitments by $50 million with an investment from the Canada Pension Plan Investment Board (“CPP Investments”), with a co-investment from Cypress Point Investment Management. dMY IV previously announced a $200 million PIPE to
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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
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Rotor Acquisition Corp. (ROT) Shareholders Approve Sarcos Robotics Deal

Sep 16, 2021 INTEL by Marlena Haddad

Rotor Acquisition Corp. (NYSE:ROT) announced in a press release today that its shareholders approved its combination with industrial robotics maker Sarcos at a shareholder vote held yesterday.

The press release did not provide information on redemption numbers, but ROT traded above $10 throughout its redemption deadline September 13.

Cerberus Telecom (CTAC) Postpones Shareholder Vote

Sep 16, 2021 INTEL by Kristi Marvin

Cerberus Telecom Acquisition Corp. (NYSE:CTAC) has postponed its special meeting to vote to approve its combination with internet-of-things (IoT) provider KORE Wireless. The meeting, which was originally supposed to be held today, September 16th, is being postponed to Wednesday, September 22nd at 10:00 am. The release also disclosed that as of 5:00 p.m. Tuesday, September
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SOAR Technology Acquisition Corp. (FLYA.U) Prices $200M IPO

Sep 16, 2021 IPOs by Marlena Haddad

SOAR Technology Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “FLYA.U” Thursday, September 16.

Artisan Acquisition Corp. (ARTAU) to Combine with Prenetics in $1.25Bn Deal

Sep 15, 2021 INTEL by Marlena Haddad

Artisan Acquisition Corp. (NASDAQ:ARTAU) has entered into a definitive agreement to combine with genomic and diagnostic testing company Prenetics Group Limited at an enterprise value of $1.25 billion, or 4.6x its 2022E revenue. Hong Kong-based Prenetics is a global leader in genomic and diagnostic testing that is decentralising healthcare with a focus on prevention, diagnostics
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D8 Holdings Corp. (DEH) Shareholders Approve Vicarious Surgical Deal

Sep 15, 2021 INTEL by Marlena Haddad

D8 Holdings Corp. (NYSE:DEH) announced in a press release today that its shareholders approved its combination with surgical robotics company Vicarious Surgical, Inc. at a shareholder vote held earlier this morning. The 8-K filing disclosed that a total of 26,745,028 shares were redeemed in connection with the meeting, representing 77.5% of D8’s trust. As a
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The Latest SPAC News and Rumors: September 15, 2021

Sep 15, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Carousell becomes Singapore’s newest unicorn, Acorns names former Amazon executive as president, and Anghami partners with Amazon Prime

Online Marketplace Carousell Is Singapore’s Newest Unicorn

Online classifieds marketplace Carousell Pte became Singapore’s latest tech unicorn, raising funds at a $1.1 billion valuation as Southeast Asia’s e-commerce startups benefit from the pandemic and related lockdowns, according to Bloomberg.

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
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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
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Sierra Lake Acquisition Corp. (SIERU) Prices $300M IPO

Sep 14, 2021 IPOs by Marlena Haddad

Sierra Lake Acquisition Corp. announced the pricing of its $300 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “SIERU” Wednesday, September 15.