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First Reserve Sustainable Growth Corp. (FRSG) to Combine with EO Charging in $675M Deal

First Reserve Sustainable Growth Corp. (FRSG) to Combine with EO Charging in $675M Deal

First Reserve (NASDAQ:FRSG) has entered into a definitive agreement to combine with EV-charging service EO at an enterprise value of $675 million, or 3.1x its 2023E revenue. The Stowmarket, UK-based firm sells turnkey charging solutions for electrified commercial fleets and consumers. The combined company is expected to trade on the Nasdaq under the symbol “EOC”
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New Beginnings (NBA) Shareholders Approve Airspan Networks Deal

New Beginnings Acquisition Corporation  (NYSE:NBA) announced in a press release today that its shareholders approved its combination with telecommunications firm Airspan (OTCMKTS:AIRO) in a meeting held earlier this morning. The press release did not provide much information including redemption figures, but NBA traded above $10 throughout its redemption deadline August 9. The transaction is expected
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Stable Road (SRAC) Shareholders Approve Momentus Deal

Stable Road Acquisition Corporation  (NASDAQ:SRAC) announced in a press release today that its shareholders approved its combination with commercial space company Momentus in a meeting held this morning. Over 97% of the votes cast at the meeting voted to approve the business combination with holders of approximately 55% percent of Stable Road’s issued and outstanding shares
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The Latest SPAC News and Rumors: August 11, 2021


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

Latest SPAC News: Voya looks to acquire Alight, Wilbur Ross’s SPAC in talks to merge with GaN Systems, and Ex-L Catterton Asia Chief Thakran explores Singapore SPAC


Voya Explores a Potential Deal for Newly Public Alight

Voya Financial Inc. has

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European Sustainable Growth (EUSG) to Combine with ADS-TEC in $580M Deal

European Sustainable Growth (NASDAQ:EUSG) has entered into a definitive agreement to combine with EV battery-maker ADS-TEC at an equity value of $580 million. Stuttgart, Germany-based ADS-TEC provides charging stations for electric vehicles and energy storage solutions for both commercial and residential customers. The combined entity is expected to trade on the Nasdaq once the deal
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Consonance-HFW (CHFW) Shareholders Approve Surrozen Deal

Consonance-HFW Acquisition Corporation  (NYSE:CHFW) announced in an 8-K filing today that its shareholders approved its combination with biotech firm Surrozen in a meeting held earlier today. Holders of 9,945,364 of CHFW’s ordinary shares, which represented 83.34% of the ordinary shares outstanding, were represented at the meeting.  The business combination was overwhelmingly approved as it received
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The Latest SPAC News and Rumors: August 10, 2021


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

Latest SPAC News: Ein’s Kastle Systems in talks to merge with Simon Property Group SPAC, new rules on UK listings finally kick in, and Volta Charging and Place Exchange announce strategic partnership 


Ein’s Kastle Systems Is in Talks To Go Public Through Simon Property Group SPAC

Security services provider Kastle Systems, backed by veteran SPAC investor Mark Ein’s Venturehouse Group, is in talks to go public through Simon Property Group Acquisition Holdings Inc.,

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Environmental Impact Acquisition Corp. (ENVI) to Combine with GreenLight Biosciences in $1.2Bn Deal

Environmental Impact (NASDAQ:ENVI) has entered into a definitive agreement to combine with biotech firm GreenLight at an enterprise value of $1.2 billion, or 6.6x its 2023E revenue. Medford, Massachusetts-based GreenLight is developing a biomanufacturing platform for commercializing ribonucleic acid (RNA) products for both agricultural and human health applications. The combined company is expected to trade
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BCTG (BCTG) Shareholders Approve Tango Deal

BCTG Acquisition Corporation  (NASDAQ:BCTG) announced in a press release today that shareholders approved its combination with biotech firm Tango Therapeutics in a meeting held yesterday. Approximately $11 million of shares were redeemed in connection with the vote leaving Tango a total cash position of approximately $515 million following transactions costs. This includes approximately $156 million
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Astrea Acquisition Corp. (ASAX) to Combine with HotelPlanner and Reservations.com in $567M Deal

Astrea (NASDAQ:ASAX) has entered into a definitive agreement to combine with travel booking websites HotelPlanner and Reservations.com at an enterprise value of $567.1 million, or 4.4x the group’s 2021E revenue. The combined company will keep the HotelPlanner name following the deal’s close in the fourth quarter of 2021 and is set to trade on the
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