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FS Development Corp. II (FSII) to Combine with Pardes Biosciences in $657M Deal

FS Development Corp. II (FSII) to Combine with Pardes Biosciences in $657M Deal

FS II (NASDAQ:FSII) has entered into a definitive agreement to combine with biotech researcher Pardes at an equity value of $657 million. California-based Pardes is developing two pre-clinical drug candidates that have potential treatment applications against COVID-19. The combined company is expected to trade on the Nasdaq under the symbol “PRDS” once the deal closes
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ION Acquisition Corp. 1 (IACA) Shareholders Approve Taboola Deal

ION Acquisition Corp. 1 Ltd.  (NYSE:IACA) announced in a press release that its shareholders approved its combination with digital ad firm Taboola at a special meeting earlier today.

The press release mentioned holders of ION Class A ordinary shares reflecting approximately 7% of outstanding shares exercised their right to redeem their shares, but did not give the exact number of shares.

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DFP Healthcare Acquisitions Corp. (DFPH) to Combine with The Oncology Institute in $842M Deal

DFP Healthcare (NASDAQ:DFPH) has entered into a definitive agreement to combine with community-based clinic operator The Oncology Institute at an enterprise value of $842 million, or 2.4x its 2022E revenue. The Cerritos, California-based company serves about 1.3 million patients through value-based contracts at 50 clinics in California, Arizona, Nevada, and Florida. The Oncology Institute will
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The Latest SPAC News and Rumors: June 25, 2021


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

Latest SPAC News: Churchill Capital IV is set to vote on merger with Lucid Motors, dozens of SPAC deals to enter Russell 3000 index, Jim Chanos warns of SPAC market, and Credit Suisse’s deals dry up 

 


Churchill Capital IV Announces Shareholder Vote Date For Lucid Motors Merger

Churchill Capital IV is set to vote on its merger with Lucid Motors on July 22, and a redemption deadline of July 20.

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Spinning Eagle Wants to “Spin” a Couple of Eaglets

Jun 24, 2021 INTEL by Kristi Marvin
Spinning Eagle, which is technically the originator of the Remainco, having filed their “spin” on the traditional SPAC structure back around Christmas time, put a fresh coat of paint on their newly filed pending IPO this afternoon and incorporated some of Ackman’s deal in the process. It appears both teams have borrowed from each other,
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890 5th Avenue Partners (ENFAU) to Combine with Buzzfeed in $1.5Bn Deal

890 5th Avenue (NASDAQ:ENFAU) has entered into a definitive agreement to combine with online media outlet BuzzFeed at an enterprise value of $1.5 billion, or 26.8x its 2021E EBITDA. New York-based BuzzFeed operates a range of news and entertainment content brands including the recently acquired HuffPost and will further acquire youth content engagement company Complex
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The Latest SPAC News and Rumors: June 24, 2021


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

Latest SPAC News: Ackman re-engages with target following deal for UMG stake, Syniverse in talks to merge with M3-Brigade, and Sebi to announce SPAC framework 


Ackman Re-Engages With SPAC Target After Deal for UMG Stake

Bill Ackman said he has already re-engaged with a potential target for his remaining SPAC after reaching a deal to buy a 10% stake in Universal Music Group before its spinoff from Vivendi SE this year.

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ION Acquisition Corp. 2 Ltd. (IACB) to Combine with Innovid in $1.1Bn Deal

ION 2 (NYSE:IACB) has entered into a definitive agreement to combine with ad delivery platform Innovid at an enterprise value of $1.1 billion, or 8.5x its 2022E revenue. New York-based Innovid is an omnichannel advertising and analytics platform placing video marketing on streaming and social media services. The combined company is expected to trade on
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The Latest SPAC News and Rumors: June 23, 2021


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

Latest SPAC News: Thiel-backed crypto exchange eyes SPAC merger with Far Peak, Bowlero in talks to merge with Isos while Sternlicht and SEC Chair Gensler call for more oversight and transparency on SPACs


Thiel-Backed Crypto Exchange Bullish is in SPAC Merger Talks

Cryptocurrency exchange Bullish, backed by billionaire Peter Thiel, is in talks to merge with SPAC Far Peak Acquisition Corp.

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