Tailwind Acquisition Corp. (TWND) and QOMPLX Announce Termination of Agreement

Aug 17, 2021 INTEL by Kristi Marvin

Tailwind Acquisition Corp. (NASDAQ:TWND) announced this morning that it has mutually terminated their business combination agreement with risk analytics firm QOMPLX, citing “market conditions preventing certain of the closing conditions from being satisfied”. Importantly, neither party will be required to pay the other a termination fee as a result of the decision. However, as a
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M3-Brigade Acquisition II Corp. (MBAC) to Combine with Syniverse in $2.8Bn Deal

Aug 17, 2021 INTEL by Nicholas Alan Clayton

M3-Brigade II (NYSE:MBAC) has entered into a definitive agreement to combine with telecom tech company Syniverse at an enterprise value of $2.85 billion, or 12.1x its 2022E EBITDA. Tampa, Florida-based Syniverse provides telecom device connectivity and services to both phone carriers and enterprise clients seeking to set up internal networks. The combined company is expected
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CF Finance Acquisition Corp. III (CFAC) Shareholders Approve AEye Deal

Aug 16, 2021 INTEL by Marlena Haddad

CF Finance Acquisition Corp. III (NASDAQ:CFAC) announced in a press release today that its shareholders approved its combination with lidar-maker AEye in a meeting held on August 12. Present at the meeting were holders of 23,371,990 shares of the company’s common stock, representing approximately 79.9% of the voting power. The 8-K filing disclosed that 19,355,365
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RMG Acquisition Corp. II (RMGB) Shareholders Approve ReNew Power Deal

Aug 16, 2021 INTEL by Marlena Haddad

RMG Acquisition Corporation II (NASDAQ:RMGB) announced in a press release followed by an 8-K filing today that its shareholders approved its combination with Indian renewable energy producer ReNew Power Private Ltd. in a meeting held earlier this morning. The 8-K disclosed that RMG II’s shareholders redeemed an aggregate of 23,613,034 shares of RMG II, or
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The Latest SPAC News and Rumors: August 16, 2021

Aug 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: FoxWayne in talks to merge with Aerami Therapeutics in $195 million deal

FoxWayne, Aerami Therapeutics SPAC Deal Said Worth $195 Million

Blank-check company FoxWayne Enterprises Acquisition Corp.

Silver Crest Acquisition Corp. (SLCR) to Combine with Tim Hortons China in $1.79Bn Deal

Aug 16, 2021 INTEL by Nicholas Alan Clayton

Silver Crest (NASDAQ:SLCR) has entered into a definitive agreement to combine with Tim Hortons China at an enterprise value of $1.79 billion or 3.9x its 2023E revenue. Tims China is the subsidiary of Canadian convenience store brand Tim Horton’s (NYSE:THI), selling coffee and confectionary goods through about 388 stores. The combined company is expected to
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More info on TPB Acquisition Corp. I’s “QIB Structure”

Aug 16, 2021 INTEL by Kristi Marvin

In this morning’s newsletter, I mentioned TPB Acquisition Corporation I’s (NASDAQ:TPBAU) QIB structure, or their “Stakeholder Alignment Structure”, where they have put a unique twist on the recent trend of using Qualified Institutional Buyers, or “Anchor Investors” in their IPO.

SPAC IPO Terms Tracker: A SPACalanche of IPOs

Aug 15, 2021 INTEL by sam.beattie

Terms Tracker for the Week Ending August 13, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This past week we saw five new S-1 registration statements, which was just one less than what we had last week. On the other hand,
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NavSight Holdings, Inc. (NSH) Shareholders Approve Spire Global Deal

Aug 13, 2021 INTEL by Marlena Haddad

NavSight Holdings, Inc. (NYSE:NSH) announced in a press release today that it completed its combination with space-based data provider Spire Global in a meeting held this morning. The press release did not disclose redemption figures, but stated the business combination is expected to provide Spire with approximately $265 million in cash proceeds through the merger,
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The Latest SPAC News and Rumors: August 13, 2021

Aug 13, 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: Weed supplier HERBL is in talks to merge with BGP Acquisition and Cargill partners with vertical farming pioneer AeroFarms

California Weed Supplier HERBL in Talks To Go Public Via SPAC Merger

California weed supplier HERBL is in talks to go public by merging with blank check company BGP Acquisition, at a valuation of about $600 million, Reuters said, one of several U.S.

MedTech Acquisition Corporation (MTAC) to Combine with Memic innovative Surgery

Aug 13, 2021 INTEL by Nicholas Alan Clayton

MedTech (NASDAQ:MTAC) has entered into a definitive agreement to combine with medical device-maker Memic at an enterprise value of $655 million, or 7.9x its 2024E revenue. Tel Aviv-based Memic is developing robotic surgical devices to be used in gynecological operations with a rollout initially planned for the US market this year. The combined company is
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AxonPrime Infrastructure Acquisition Corp. (APMIU) Prices $150M IPO

Aug 13, 2021 IPOs by Kristi Marvin

AxonPrime Infrastructure Acquisition Corp. announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “APMIU” Friday, August 13.

Spotlight: How SPACs Can Immunize the World

Aug 13, 2021 INTEL by Nicholas Alan Clayton

Welcome to SPACInsider’s Spotlight series! With this, we will seek to illuminate a particular trend in SPACs that deserves a greater focus. This week, we will be looking at the ways that SPACs can play a part in propelling the ongoing vaccine rollout and boost developments in immunology, with research compiled by SPACInsider contributors Anthony Sozzi and Sam Beattie.

GreenVision (GRNV) Shareholders Approve Helbiz Deal

Aug 13, 2021 INTEL by Kristi Marvin

GreenVision Acquisition Corporation (NASDAQ:GRNV) announced in a press release this morning that it completed its combination with micro-mobility company Helbiz. GreenVision’s shareholders approved the combination at a special meeting held on August 11, 2021. The combined company will retain the name Helbiz and is expected to begin trading on the Nasdaq Capital Market (“Nasdaq”) on
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Jupiter Acquisition Corporation (JAQCU) Prices $150M IPO

Aug 13, 2021 INTEL by Nicholas Alan Clayton

Jupiter Acquisition Corporation announced the pricing of its $150 million IPO today and its units are expected to begin trading on the Nasdaq under the ticker symbol “JAQCU” Friday, August 13.

Kensington Capital Acquisition Corp. V (KCGI.U) Prices Upsized $240M IPO

Aug 13, 2021 IPOs by Marlena Haddad

Kensington Capital Acquisition Corp. V announced the pricing of its upsized $240 million IPO and its shares are expected to begin trading on the New York Stock Exchange under the symbol “KCGI.U”

Armada Acquisition Corp. I (AACIU) Prices $150M IPO

Aug 12, 2021 IPOs by Marlena Haddad

Armada Acquisition Acquisition Corp. I announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “AACIU” Friday, August 13.

Software Acquisition Group Inc. II (SAII) Shareholders Approve Otonomo Deal

Aug 12, 2021 INTEL by Marlena Haddad

Software Acquisition Group Inc. II (NASDAQ:SAII) announced in an 8-K filing today that its shareholders approved its combination with vehicle data marketplace Otonomo Technologies in a meeting held earlier this morning. Prior to the meeting, holders of an aggregate of 5,986,021 shares of SWAG’s stock redeemed their shares for cash at $10.00 per share, resulting
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CENAQ Energy Corp. (CENQU) Prices $150M IPO

Aug 12, 2021 IPOs by Marlena Haddad

CENAQ Energy Acquisition Corp. announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CENQU” Friday, August 13.

The Latest SPAC News and Rumors: August 12, 2021

Aug 12, 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: Tim Hortons China nears $1.8 billion SPAC deal, green fintech startup Aspiration in talks to merge with Interprivate III, and Vietnam’s VNG Corp.