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Seven Oaks Acquisiton Corp. (SVOK) to Combine with Boxed in $640M Deal

Seven Oaks Acquisiton Corp. (SVOK) to Combine with Boxed in $640M Deal

Seven Oaks (NASDAQ:SVOK) has entered into a definite agreement to combine with ecommerce seller Boxed, at an enterprise value of $640 million, or 2.1x its 2022E revenue. New York-based Boxed sells bulk, high-repeat consumables to both consumers and B2B customers, and it has launched a new initiative to white-label its fulfillment software to other consumer
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SPAC-Terms-Tracker

SPAC IPO Terms Tracker: SPAC Summer

Jun 13, 2021 INTEL by sam.beattie
Terms Tracker for the Week Ending June 11, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We continue to have an enormous SPAC backlog which is sort of mirroring the jobs hiring crisis…both have a ton of listings and not enough
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ArcLight Clean Transportation Corp. (ACTC) Shareholders Approve Proterra Deal

ArcLight Clean Transportation Corp. (NASDAQ:ACTC) announced in a press release that its shareholders approved its combination with electric vehicle (EV) manufacturer Proterra at a special meeting earlier today.

The press release did not mention redemptions or exact voting numbers for the business combination, but it notes that ArcLight plans to file the 8-K later today. 

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The Latest SPAC News and Rumors: June 11th, 2021


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

Ackman’s Universal Music Group deal receives pushback from Vivendi shareholder; Zanite confirms negotiations with Eve and Hong Kong launches consultation to allow SPAC listings

 


Ackman Music Deal Spurs Pushback From Vivendi Shareholder

Vivendi SE shareholder Artisan Partners is opposing the company’s plan to sell bits of Universal Music Group, including a proposed deal with billionaire Bill Ackman’s SPAC.

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Yucaipa Acquisition Corporation (YAC) to Combine with SIGNA Sports in $3.2Bn Deal

Yucaipa (NYSE:YAC) has entered into a definitive agreement to combine with SIGNA Sports United at an enterprise value of $3.23 billion, or 1.9x its 2021E net revenue. Berlin-based SIGNA sells sporting goods through multiple ecommerce brands and will also acquire online bike retailer WiggleCRC through this deal. The combined company is expected to trade on
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Broadstone Acquisition Corp. (BSN) to Combine with Vertical Aerospace in $1.8Bn Deal

Broadstone (NYSE:BSN) has entered into a definitive agreement to combine with electric vertical take-off and landing (eVTOL) aircraft-maker Vertical Aerospace at an enterprise value of $1.84 billion. Bristol, UK-based Vertical Aerospace is developing a model of eVTOL planes designed to make carbon-free air travel and urban air mobility possible. The combined company is expected to
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latest-news

The Latest SPAC News and Rumors: June 10th, 2021


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

Embraer’s electric vehicle unit is in talks to merge with Zanite Acquisition in a $2B deal

 


Embraer’s Eve in $2 Billion Merger Talks With Zanite SPAC

Brazil’s Embraer SA is reportedly in talks to merge Eve Urban Air Mobility, its electric vehicle takeoff and landing unit, with Zanite Acquisition Corp.,

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Venus Acquisition Corporation (VENA) to Combine with VIYI Algorithm in $400M Deal

Venus (NASDAQ:VENA) has entered into a definitive agreement to combine with VIYI Algorithm at a valuation of $400 million. VIYI is a subsidiary of China-based WiMi Hologram Cloud (NASDAQ:WIMI) and is focused on developing bespoke central processing algorithms to optimize client software and hardware systems. The combined company is to be renamed MicroAlgo and will
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Spartacus Acquisition Corporation (TMTS) to Combine with NextNav in $897M Deal

Spartacus (NASDAQ:TMTS) has entered into a definitive agreement to combine with GPS mapping company NextNav at an enterprise value of $897 million, or 11.6x its 2023E revenue. California-based NextNav provides next-generation location data for a variety of industries including public safety, mobile apps and real estate. The combined company is expected to trade under the
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Thunder Bridge Acquisition II (THBR) Shareholders Approve indie Semiconductor Deal

Thunder Bridge Acquisition II, Ltd.  (NASDAQ:THBR) announced in an 8-K filing that its shareholders approved its combination with indie Semiconductor at a special meeting held earlier today.

The SPAC did not disclose redemption figures, but noted that there were 26,884,871 shares voted by proxy or in person, and each of the proposals were approved by the shareholders.

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The Latest SPAC News and Rumors: June 9th, 2021


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

Vista Global mulls SPAC merger, Solid Power in talks to merge with Decarbonization, and Vertical Aerospace nears deal with Broadstone while Palihapitiya gives retail traders IPO access

 


Private Jet Operator Vista Global Holds SPAC Merger Talks

Private aviation provider Vista Global Holding Ltd.

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