Avista Public II (AHPAU) Prices $200M IPO
Avista Public Acquisition Corp. II announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “AHPAU”, Tuesday, August 10.
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Conyers Park III (CPAAU) Prices $350M IPO
Conyers Park III Acquisition Corp. announced the pricing of its $350 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CPAAU”, Tuesday, August 10.
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Merida Merger Corp I (MCMJ) to Combine with Leafly in $385M Deal
Merida Merger Corp I (NASDAQ:MCMJ) has entered into a definitive agreement to combine with cannabis enterprise Leafly at an enterprise value of $385 million, or 8.9x its 2021E revenue. Seattle-based Leafly provides a marketplace of cannabis product sellers with reviews, articles and a database of strains available to legal consumers. The combined company is expectedRead More
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The Latest SPAC News and Rumors: August 9, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: WeWork and Cushman & Wakefield are forming a $150 million partnership and Xos signs agreement with FedEx Ground Operators to deliver zero emission electric trucks
WeWork and Cushman & Wakefield Are Forming $150M Partnership
WeWork and Cushman & Wakefield PLC are in talks about forming a $150 million partnership focused on helping office tenants adapt to remote work and flexible spaces, according to the Wall Street Journal.
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DraftKings (DKNG) to Acquire Golden Nugget Online Gaming (GNOG) in All-Stock Deal
DraftKings (NASDAQ:DKNG) has entered into a definitive agreement to acquire Golden Nugget Online Gaming (NASDAQ:GNOG) in the rare tie-up of two recent de-SPACs, both of which completed their combinations in 2020. The deal gives Golden Nugget, which only de-SPAC’d eight months ago, an implied equity value of $1.56 billion, a premium of about 63% overRead More
Model Performance Acquisition Corp. (MPAC) to Combine with MultiMetaVerse in $300M Deal
Model Performance (NASDAQ:MPAC) has entered into a definitive agreement to combine with MultiMetaVerse at a total equity value of $300 million. Transaction Overview Model Performance raised $57.5 million in its April 2021 IPO and is set to finance the deal as a $300 million stock transaction at $10 per share. Its trust has been supplementedRead More
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SPAC IPO Terms Tracker: More of the Same for Early August
Terms Tracker for the Week Ending August 6, 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 August 6th, we saw six new S-1 registration statements, just about cutting the number of new S-1’s we had last weekRead More
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SC Health Corp. (SCPE) Shareholders Approve Rockley Deal
SC Health Corp. (NYSE:SCPE) shareholders have approved its combination with smart materials-maker Rockley Photonics at a special meeting held earlier today. The 8-K did not mention redemption numbers, but SCPE traded below $10 throughout its redemption deadline on August 4. At the meeting, a total of 11,634,959, or 78.73%, of the company’s shares were presentRead More
The Latest SPAC News and Rumors: August 6, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Tidjane Thiam’s SPAC in talks with Credijusto, and packaging-technology firm Footprint eyes SPAC deal with Gores
Tidjane Thiam’s SPAC in Talks With Mexican Fintech Credijusto
Tidjane Thiam’s SPAC (Freedom Acquisition I Corp.
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CM Life Sciences III (CMLTU) to Combine with EQRx in $3.5Bn Deal
CMLS III (NASDAQ:CMLTU) has entered into a definitive agreement to combine with biotech firm EQRx at an enterprise value of $3.54 billion. Cambridge, Massachusetts-based EQRx is developing a range of drug candidates both generated in-house and licensed from peers with an aim to reducing the overall cost of pharmaceutical rollouts. The combined company is expectedRead More
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Reinvent Technology Partners (RTP) Shareholders Approve Joby Aviation Deal
Reinvent Technology Partners (NYSE:RTP) shareholders have approved its combination with electric vertical takeoff and landing (eVTOL) company Joby Aviation at a special meeting held yesterday, but redeemed shares for cash in large amounts. A total of 42,841,230 shares were redeemed in connection with the vote, removing an estimated $420.8 million from Reinvent’s trust, or aboutRead More
Top 3 SPAC Targets – AdTech
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets in adtech. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Riverview Acquisition Corp. (RVACU) Prices $250M IPO
Riverview Acquisition Corp. announced the pricing of its $250 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “RVACU”, Friday, August 6.
The new company intends to combine with a consumer-focused enterprise that is well-positioned for top line and margin growth.
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Nova Vision Acquisition Corp. (NOVVU) Prices $50M IPO
Nova Vision Acquisition Corp. announced the pricing of its $50 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “NOVVU”, Friday, August 6.
The new company intends to combine with a data-driven business in the proptech, fintech, consumertech, or supply chain management industries that has business operations in Asia.
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Roth CH Acquisition IV Co. (ROCGU) Prices $100M IPO
Roth CH Acquisition IV Co. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “ROCGU”, Friday, August 6.
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Q&A with AdTheorent CEO Jim Lawson on the Changing Adtech Space
MCAP Acquisition Corporation (NASDAQ:MACQ) announced a $775 million deal with adtech firm AdTheorent on July 27, bringing SPACs further into the rapidly changing digital advertising space.
Earlier this year, SPAC transactions brought open internet ad manager Taboola (NASDAQ:TBLA) and mobile app monetization platform ironsource (NYSE:IS) to the public markets.
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Peridot (PDAC) Shareholders Approve Li-Cycle Deal
Peridot (NYSE:PDAC) shareholders have approved its combination with battery recycler Li-Cycle Corp. at a special meeting earlier today. The press release reported that only 11% of the total shares were redeemed and approximately 89% of funds will remain in PDAC’s trust account as of closing. As a result, Li-Cycle expects to receive approximately $580 millionRead More
Growth Capital Acquisition Corp. (GCAC) to Combine with Cepton Technologies in $1.5Bn Deal
Growth Capital (NASDAQ:GCAC) has entered into a definitive agreement to combine with lidar-maker Cepton at an enterprise value of about $1.5 billion, or 1.8x its 2025E revenue. San Jose, California-based Cepton is developing lidar arrays for autonomous driving and applications in smart cities and industrial settings. The combined company is expected to trade on theRead More
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The Latest SPAC News and Rumors: August 5, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Pershing seeks $1 billion to fund its bet on Universal Music Group, SPACs target emerging markets, and Boxed announces $45 million secured credit facility
Pershing Said to Seek $1 Billion to Fund Universal Music Bet
Bill Ackman’s hedge fund Pershing Square Capital Management LP is in discussions to raise $1 billion to help fund its bet on Vivendi SE’s Universal Music Group, according to Bloomberg.
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Gladstone Acquisition Corp. (GLEEU) Prices $100M IPO
Gladstone Acquisition Corp. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “GLEEU”, Thursday, August 5.
The new company intends to focus its search on the farming and agricultural sectors, including farming related operations and businesses that support the farming industry, where its management team has extensive experience.
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