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SILVERspac Inc. (SLVRU) Prices $250M SPAC IPO

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Highland Transcend Partners I Corp. (HTPA) to Combine with Packable in $1.55Bn Deal

Highland Transcend I (NYSE:HTPA) has entered into a definitive agreement to combine with ecommerce service provider Packable at an enterprise value of $1.55 billion, or 2.2x its 2022E revenue. Hauppauge, New York-based Packable operates the ecommerce platform Pharmapacks and serves consumer brands in managing their own ecommerce optimization and fulfillment in other marketplaces. The combined
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The Latest SPAC News and Rumors: September 9, 2021


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

Latest SPAC News: Scion of billionaire family says SPAC mergers are here to stay, Boxed and AEON launch software and services technology in Malaysia, and BuzzFeed reports 51% growth in revenue


Scion of Billionaire Family Says SPAC Mergers Are Here to Stay

Gaurav Burman, who hails from a billionaire Indian consumer-goods family, says the boom in blank-check company mergers may have eased, but don’t expect SPACs to go away.

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Novus Capital Corporation II (NXU) to Combine with Energy Vault in $1.1Bn Deal

Novus Capital II (NYSE:NXU) has entered into a definitive agreement to combine with kinetic energy storage company Energy Vault at an enterprise value of $1.13 billion, or 2.1x its 2023E revenue. Westlake Village, California-based Energy Vault is developing a utility scale energy storage solution that uses gravity to release energy by de-stacking heavy slabs. The
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Banner Acquisition Corp. (BNNRU) Prices $150M IPO

Banner Acquisition Corp. announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “BNNRU” Wednesday, September 8.

The Company intends to seek partnership with family-owned or founder-led businesses and industry-leading, tenured management teams looking to continue their significant ownership in the business that they have built for the long-term.

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Malacca Straits Acquisition Company Limited (MLAC) Terminates Asia Vision Deal

Malacca Straits (NASDAQ:MLAC) announced this morning that it and Asia Vision Network have mutually terminated their business combination citing “unforeseen circumstances beyond the control of either party”. These unforeseen circumstances are likely the general down market for SPACs, which has made for a challenging environment to close combinations. Already two other SPACs – ACE Convergence
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The Latest SPAC News and Rumors: September 7, 2021


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

Latest SPAC News: Traveloka to halt talks with Thiel’s Bridgetown SPAC, Tikehau Capital plans to list SPAC in Singapore, and BlackSky awarded $30 million contract


Traveloka Is Said to Halt Talks With Thiel’s Bridgetown SPAC

Indonesia’s Traveloka has halted talks to go public through a deal with Bridgetown Holdings Ltd.

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Sustainable Opportunities Acquisition Corp. (SOAC) Shareholders Approve DeepGreen Metals Deal

Sustainable Opportunities Acquisition Corp. (NYSE:SOAC) announced in a press release and 8-K filing today that its shareholders approved its combination with rare earth materials miner DeepGreen Metals, but redemptions removed approximately 90.9% of the SPAC’s trust. The press release disclosed that the combined company, known as The Metals Company (“TMC”), expects to receive approximately $137.3
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SPAC IPO Terms Tracker: Closing Out Summer

Sep 5, 2021 INTEL by sam.beattie
Terms Tracker for the Week Ending Sept. 3, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Ahead of Labor Day Weekend, the pace of SPAC IPOs has remained relatively consistent for the past month with August’s 30 IPOs priced matching July’s
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Insight Acquisition Corp. (INAQ.U) Prices $240M IPO

Insight Acquisition Corp. announced the pricing of its $240 million IPO and its units are expected to begin trading on the NYSE under the symbol “INAQ.U” Thursday, September 2.

The new SPAC intends to focus its search on businesses in the FinTech or financial services industry with an enterprise value of approximately $750 million to $1.5 billion, with particular emphasis on businesses that are providing or changing technology for traditional financial services (“FinTech”), those in the wealth, investment, asset management and insurance sectors, or certain types of technology companies that provide services to the FinTech or financial services companies.

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