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The Latest SPAC News and Rumors: May 26th, 2021

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The Latest SPAC News and Rumors: May 26th, 2021


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

Vista Equity considers SPACs, ousted founder of Velodyne wants directors off the board, and Ackman deal remains elusive

 


Robert Smith’s Vista Equity Weighs Joining Rivals With Two SPACs

Vista Equity Partners is exploring raising two SPACs despite a slowdown in issuance in the vehicles that have gained mainstream popularity and even inspired a hip-hop track.

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Decarbonization Plus Acquisition Corporation II (DCRN) to Combine with Tritium in $1.4Bn Deal

Decarbonization Plus Acquisition Corporation II (NASDAQ:DCRN) has entered into a definitive agreement to combine with EV direct current charger manufacturer Tritium at an enterprise value of $1.4 billion, or 3.9x its 2023E revenue. The Brisbane-based company manufactures proprietary hardware and software to create advanced direct current fast chargers for electric vehicles that operate in extreme
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Foresight Acquisition Corp. (FORE) to Combine with P3 Health Partners in $2.3Bn Deal

Foresight (NASDAQ:FORE) has entered into a definitive agreement to combine with healthcare provider P3 at an enterprise value of $2.29 billion, or 2.8x its 2022E revenue. The Nevada-based company provides care to patients in four states through the Medicare Advantage program. The combined company is expected to trade on the Nasdaq upon the deal’s completion
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PTK Acquisition Corp. (PTK) to Combine with Valens in $894M Deal

PTK (NYSE:PTK) has entered into a definitive combination agreement with Israel-based semiconductor-maker Valens at an enterprise value of $894 million, or 7.4x its 2023E revenue. Valens produces semiconductors for consumer and commercial electronics, and it is transitioning to provide solutions to the automotive industry. The combined company is expected to trade on the NYSE under
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Big Rock Partners Acquisition Corp. (BRPA) Completes NeuroRx Deal

Big Rock Partners Acquisition Corp. (NASDAQ:BRPA) announced that it has completed its business combination with with drug developer NeuroRx. The combined company will now be renamed NRx Pharmaceuticals and will begin trading shortly on the Nasdaq under the ticker symbol “NRXP”. This marks the end of a long journey for Big Rock, which began its
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The Latest SPAC News and Rumors: May 24th, 2021


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


SPACs move the party abroad as Europe and Tel Aviv welcome listings

 


The SPAC Party Gets Going in Europe, This Time With Better Terms

Sponsors are looking to continue the craze elsewhere, and top of the list is Europe, where the number of new SPACs accelerated from February to April, and there’s no sign of growth there abating.

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DPCM Capital (XPOA) to Combine with Jam City in $1.2Bn Deal

DPCM Capital (NYSE:XPOA) has entered into a definitive agreement to combine with mobile gaming company Jam City at an enterprise value of $1.2 billion, or 10.7x its 2022E EBITDA. The Los Angeles-based company develops engaging mobile video games and has developed immersive games around Hollywood properties and entertainment brands. The combined company is expected to
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With Roivant, Montes Archimedes May Have First SPAC-on-SPAC Deal

Montes Archimedes (NASDAQ:MAAC) announced its $5 billion business combination with Roivant Sciences on May 3, but some language in its 94-slide presentation has turned some heads two weeks after the fact with the realization that it sets up a potentially unprecedented SPAC situation. On slide 34, Roivant noted that it plans to enter into discussions
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