Northern Genesis Acquisition Corp. II (NGAB) to Combine with Embark Trucks in $4.5Bn Deal

Jun 23, 2021 INTEL by Nicholas Alan Clayton

Northern Genesis II (NYSE:NGAB) has entered into a definitive agreement to combine with trucking technology firm Embark at an enterprise value of $4.55 billion, or 1.6x its 2025E revenue. Embark is developing software that may enable heavy trucks to drive autonomously on the long highway portions of their journeys between cities. The combined company is
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Coliseum Acquisition Corp. (MITAU) Prices $150M IPO

Jun 22, 2021 IPOs by Marlena Haddad

Coliseum Acquisition Corp. announced the pricing of its $150M IPO and its units are expected to begin trading on the Nasdaq under the symbol “MITAU” Wednesday, June 23.

The new SPAC aims to combine with a target that has an enterprise value between $500 million and $2.5 billion and has strong and differentiated brands.

FinTech Acquisition Corp. IV (FTIV) Shareholders Approve Perella Weinberg Partners Deal

Jun 22, 2021 INTEL by Marlena Haddad

FinTech Acquisition Corp. IV (NASDAQ:FTIV) announced in a press release that its shareholders approved its combination with global financial services firm Perella Weinberg Partners at a special meeting earlier today.

Approximately 99.9% of the votes cast at the meeting, representing approximately 79.24% of FinTech IV’s outstanding shares, voted to approve the business combination.

Thoma Bravo Advantage (TBA) Shareholders Approve ironSource Deal

Jun 22, 2021 INTEL by Marlena Haddad

Thoma Bravo Advantage (NYSE:TBA) announced in a press release that its shareholders approved its combination with publishing platform ironSource at a special meeting earlier today.

More than 96% of the votes cast at the meeting voted to approve the business combination and holders of approximately 86% of TBA’s issued and outstanding shares cast votes.

Big Cypress (BCYP) to Combine with SAB Biotherapeutics in $325M Deal

Jun 22, 2021 INTEL by Marlena Haddad

Big Cypress Acquisition Corp. (NASDAQ:BCYP) has entered into a definitive agreement to combine with clinical-stage biopharmaceutical company SAB Biotherapeutics at an enterprise value of $325 million. Sioux Falls-based SAB Biotherapeutics utilizes advanced genetic engineering and antibody science to develop antibodies that target specific diseases, such as COVID-19. The company’s platform rapidly produces natural, high-potency, human
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Thimble Point Acquisition Corp. (THMA) to Combine with Pear Therapeutics in $1.2Bn Deal

Jun 22, 2021 INTEL by Kristi Marvin

Thimble Point (NASDAQ:THMA) has entered into a definitive agreement to combine with digital treatment provider Pear Therapeutics at an enterprise value of $1.19 billion, or 9.58x its 2023E revenue. Pear provides three FDA-approved digital health apps helping patients recover from addiction, insomnia and other anxiety-related issues. The combined company is expected to trade on the
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Last Call! Sustainable Opportunities/The Metals Company Webinar Begins at 1:00PM (ET)

Jun 22, 2021 INTEL by Kristi Marvin

Sustainable Opportunities Acquisition Corp. (NYSE: SOAC) & The Metals Company will be holding a live presentation and Q&A today at 1:00 p.m. (ET). If you haven’t previously registered, you can do so by clicking the link below.

The Latest SPAC News and Rumors: June 22, 2021

Jun 22, 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: Vivendi shareholders approve Universal Music Group spin-off, family offices tap into SPACs, and ironSource merger creates 230 new millionaires

Vivendi Investors Approve UMG Plans in Activist Rebuke

Vivendi SE shareholders voted to approve the spinoff of Universal Music Group, paving the way for the world’s largest music company to be listed in Europe.

CITIC Capital Acquisition Corp. (CCAC) to Combine with Quanergy in $1.1Bn Deal

Jun 22, 2021 INTEL by Nicholas Alan Clayton

CITIC (NYSE:CCAC) has entered into a definitive agreement to combine with lidar-maker Quanergy at an enterprise value of $1.07 billion, or 2x its 2025E revenue. Sunnyvale, California-based Quanergy is developing next-generation lidar arrays for the automotive and industrial automation space to be used for both navigation and imaging purposes. The combined company is expected to
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Golden Path Acquisition Corp. (GPCOU) Prices $50M IPO

Jun 22, 2021 IPOs by Marlena Haddad

Golden Path Acquisition Corp. announced the pricing of its $50M IPO and its units are expected to begin trading on the Nasdaq under the symbol “GPCOU” Tuesday, June 22.

The new SPAC aims to combine with a target that is involved in a strategically significant sector in the Asian markets, such as internet and high technology, and has an enterprise value between $150 million and $300 million.

DD3 Acquisition Corp. II (DDMX) to Combine with Codere Online in $353M Deal

Jun 22, 2021 INTEL by Nicholas Alan Clayton

DD3 II (NASDAQ:DDMX) has entered into a definitive agreement to combine with gaming platform Codere Online at an enterprise value of $353 million, 2.3x its 2022E revenue. Madrid-based Codere Online is the internet division of the Codere Group (MD:CDRE), which operates physical casinos in Spain, Italy, Mexico, Colombia and Panama. Codere Online offers sports betting
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Reminder: Sustainable Opportunities Acquisition Corp. & The Metals Company: Live Q&A – June 22nd, 1:00PM

Jun 21, 2021 INTEL by Kristi Marvin

Sustainable Opportunities Acquisition Corp. (NYSE: SOAC) & The Metals Company will be holding a live presentation and Q&A Tuesday (tomorrow) at 1:00 p.m. (ET). If you haven’t previously registered, you can do so by clicking the link below.

The Latest SPAC News and Rumors: June 21, 2021

Jun 21, 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: Missouri Cobalt hires Goldman to go public through SPAC, WeWork’s occupancy increased in May, Zoomcar eyes listing via SPAC, and Amazon in talks to buy 20% of Plus

U.S.

Pershing Square Tontine (PSTH) Makes Universal Music and SPARC Moves Official

Jun 21, 2021 INTEL by Nicholas Alan Clayton

Pershing Square Tontine Holdings (NYSE:PSTH) announced Sunday that it has entered into a definitive agreement with Vivendi (PA:VIV) to acquire 10% of Universal Music Group (UMG). The announcement also makes official the SPAC’s two other transactions – initially announced June 4 – that it would leave a publicly-listed RemainCo to seek out a separate deal
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SPAC IPO Terms Tracker: SPACs Still Grinding Through

Jun 20, 2021 INTEL by sam.beattie

Terms Tracker for the Week Ending June 18, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. There was a slight down tick in the number of IPOs priced last week, going from nine to six. However, as has been the case
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Arrival (ARVL) Calls For Cash Redemption of Warrants

Jun 18, 2021 INTEL by Marlena Haddad

Electric vehicle (EV) manufacturer Arrival (NASDAQ:ARVL) disclosed in a press release today that it had elected to redeem its public warrants for cashless exercise at a price of $11.50. Arrival, which was the combination company of CIIG Merger Corp (NASDAQ:CIIG), and de-SPAC’d on March 19, 2021, currently has 12,937,493 public warrants outstanding. Registered holders of
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Leo Holdings III Corp. (LIII) to Combine with Local Bounti in $757M Deal

Jun 18, 2021 INTEL by Nicholas Alan Clayton

Leo III (NYSE:LIII) has entered into a definitive agreement to combine with indoor agriculture company Local Bounti at an enterprise value of $757 million, or 1.6x its 2025E revenue. Hamilton, Montana-based Local Bounti sells leafy greens out of indoor farms designed with technology to achieve record harvest turnarounds and 90% less land and water. The
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The Latest SPAC News and Rumors: June 18, 2021

Jun 18, 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: Malaysia’s Carsome mulls merger with U.S. SPAC, Paris Plays Catch-Up With Frankfurt in SPAC Race, and European companies compete in SPAC race

Malaysia’s Carsome Weighs U.S.

Top 3 SPAC Targets – Post-Pandemic Travel

Jun 18, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in the sphere of travel. We look at why they are compelling and why each could be a fit for a blank-check merger.

JAWS Juggernaut (JUGGU) Prices Upsized $240M IPO

Jun 18, 2021 IPOs by Marlena Haddad

JAWS Juggernaut Acquisition Corp. announced the pricing of its upsized $240 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “JUGGU” Friday, June 18.