European Sustainable Growth (EUSG) to Combine with ADS-TEC in $580M Deal

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European Sustainable Growth (EUSG) to Combine with ADS-TEC in $580M Deal

European Sustainable Growth (NASDAQ:EUSG) has entered into a definitive agreement to combine with EV battery-maker ADS-TEC at an equity value of $580 million. Stuttgart, Germany-based ADS-TEC provides charging stations for electric vehicles and energy storage solutions for both commercial and residential customers. The combined entity is expected to trade on the Nasdaq once the deal
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Consonance-HFW (CHFW) Shareholders Approve Surrozen Deal

Consonance-HFW Acquisition Corporation  (NYSE:CHFW) announced in an 8-K filing today that its shareholders approved its combination with biotech firm Surrozen in a meeting held earlier today. Holders of 9,945,364 of CHFW’s ordinary shares, which represented 83.34% of the ordinary shares outstanding, were represented at the meeting.  The business combination was overwhelmingly approved as it received
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The Latest SPAC News and Rumors: August 10, 2021


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

Latest SPAC News: Ein’s Kastle Systems in talks to merge with Simon Property Group SPAC, new rules on UK listings finally kick in, and Volta Charging and Place Exchange announce strategic partnership 


Ein’s Kastle Systems Is in Talks To Go Public Through Simon Property Group SPAC

Security services provider Kastle Systems, backed by veteran SPAC investor Mark Ein’s Venturehouse Group, is in talks to go public through Simon Property Group Acquisition Holdings Inc.,

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Environmental Impact Acquisition Corp. (ENVI) to Combine with GreenLight Biosciences in $1.2Bn Deal

Environmental Impact (NASDAQ:ENVI) has entered into a definitive agreement to combine with biotech firm GreenLight at an enterprise value of $1.2 billion, or 6.6x its 2023E revenue. Medford, Massachusetts-based GreenLight is developing a biomanufacturing platform for commercializing ribonucleic acid (RNA) products for both agricultural and human health applications. The combined company is expected to trade
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BCTG (BCTG) Shareholders Approve Tango Deal

BCTG Acquisition Corporation  (NASDAQ:BCTG) announced in a press release today that shareholders approved its combination with biotech firm Tango Therapeutics in a meeting held yesterday. Approximately $11 million of shares were redeemed in connection with the vote leaving Tango a total cash position of approximately $515 million following transactions costs. This includes approximately $156 million
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Astrea Acquisition Corp. (ASAX) to Combine with HotelPlanner and Reservations.com in $567M Deal

Astrea (NASDAQ:ASAX) has entered into a definitive agreement to combine with travel booking websites HotelPlanner and Reservations.com at an enterprise value of $567.1 million, or 4.4x the group’s 2021E revenue. The combined company will keep the HotelPlanner name following the deal’s close in the fourth quarter of 2021 and is set to trade on the
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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 expected
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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% over
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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 supplemented
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