Fortress Value II (FAII) Shareholders Approve ATI Physical Therapy Deal

Jun 16, 2021 INTEL by Marlena Haddad

Fortress Value II Acquisition Corp. (NYSE:FAII) announced in a press release today that its shareholders approved its combination with outpatient physical therapy provider ATI Physical Therapy at a special meeting yesterday.

The Latest SPAC News and Rumors: June 16th, 2021

Jun 16, 2021 INTEL by Marlena Haddad

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

Lordstown Motors shares soar following production announcement, and Hong Kong’s SPAC reform discussed at the China Conference

Lordstown Motors Jumps on Outlook for Production Through May

Lordstown Motors Corp.

Roth CH Acquisition III (ROCR) to Combine with QualTek in $829M Deal

Jun 16, 2021 INTEL by Nicholas Alan Clayton

Roth CH III (NASDAQ:ROCR) has entered into a definitive agreement to combine with telecom services QualTek at an enterprise value of $829 million, or 7.8x its 2021E EBITDA. Blue Bell, Pennsylvania-based QualTek builds and services telecom and renewable power infrastructure out of 80 operation centers across the US and Canada with over 5,000 employees. The
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Zimmer Energy Transition (ZTAQU) Prices $300M IPO

Jun 15, 2021 IPOs by Marlena Haddad

Zimmer Energy Transition Acquisition Corp. announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ZTAQU” Wednesday, June 16.

Rice Acquisition Corp. II (RONI.U) Prices Upsized $300M IPO

Jun 15, 2021 IPOs by Marlena Haddad

Rice Acquisition Corp. II announced the pricing of its upsized $300 million IPO and its units are expected to begin trading on the NYSE under the symbol “RONI.U” Wednesday, June 16.

DraftKings (DKNG) Targeted in New Hindenburg Short-Seller Report

Jun 15, 2021 INTEL by Nicholas Alan Clayton

Financial investigations shop Hindenburg Research is nothing if not industrious. Right on the heels of news that both the CEO and CFO of electric vehicle (EV)-maker Lordstown (NASDAQ:RIDE) would be stepping down following an internal investigation prompted by a Hindenburg report, its team struck again, this time with DraftKings in its sights. It claims that
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DILA Capital Acquisition Corp. (DILAU) Prices Upsized $55M IPO

Jun 15, 2021 IPOs by Marlena Haddad

DILA Capital Acquisition Corp. announced the pricing of its upsized $55 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DILAU” Tuesday, June 15.

The Latest SPAC News and Rumors: June 15th, 2021

Jun 15, 2021 INTEL by Marlena Haddad

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

SPAC market resurfaces, SEC taps law professor to run unit that reviews SPACs, Hims & Hers buys Honest Health, and India plans to build framework for SPACs

SPAC IPO Market Slowly Resurfaces With Play-It-Safe Accounting

The blank-check companies that captivated Wall Street for a year are playing it safe with their accounting as the market slowly recovers from a financial reporting crackdown that halted IPOs.

Decarbonization Plus Acquisition Corporation III (DCRC) to Combine with Solid Power in $1.2Bn Deal

Jun 15, 2021 INTEL by Nicholas Alan Clayton

Decarbonization Plus III (NASDAQ:DCRC) has entered into a definitive agreement to combine with automotive battery-maker Solid Power at an enterprise value of $1.246 billion, or 37.7x its 2025E. Louisville, Colorado-based Solid Power is developing solid state batteries for the automotive industry with its first installations expected with strategic investors Ford (NYSE:F) and BMW (DE:BMW) in
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G Squared Ascend II Inc. (GSQB.U) Prices $125M IPO

Jun 14, 2021 IPOs by Marlena Haddad

G Squared Ascend II Inc. announced the pricing of its $125 million IPO and its units are expected to begin trading on the NYSE under the symbol “GSQB.U” Tuesday, June 15.

GS Acquisition Holdings Corp. II (GSAH) Tumbles Following Reports of Talks with Mirion Tech

Jun 14, 2021 INTEL by Marlena Haddad

GS Acquisition Holdings Corp. II (NYSE:GSAH) fell over 2% to $10.04 in late afternoon trading following a report that stated the company is in talks to combine with radiation safety firm Mirion Technologies. The deal could value the company at approximately $2.5 billion, according to Bloomberg. Expectations for GS II were relatively high as its
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Lordstown Hammered, Kranz Hired: Up and Down Movement in De-SPAC’d EVs

Jun 14, 2021 INTEL by Nicholas Alan Clayton

Lordstown (NASDAQ:RIDE) is down about 20% in morning trading after the surprise announcement that both its CEO and CFO were stepping down in an unexpected move that followed other bad omens for the company. After an internal investigation prompted by a Hindenburg short-seller report, the company has acknowledged that it overstated the strength of the
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The Latest SPAC News and Rumors: June 14th, 2021

Jun 14, 2021 INTEL by Marlena Haddad

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

Branson’s Virgin Orbit plots deal with NextGen SPAC, Amazon business acquirer Thrasio in talks to merge with SPAC Churchill V, and Cano Health acquires University Health Care following SPAC deal

Branson Plots $3Bn SPAC Merger To Launch Virgin Orbit To Stock Market

Sky News revealed that Virgin Orbit is close to finalizing a deal to combine with NextGen Acquisition II, a SPAC set up by former Goldman Sachs banker George Mattson.

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

Jun 14, 2021 INTEL by Nicholas Alan Clayton

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 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

Jun 11, 2021 INTEL by Marlena Haddad

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.

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

Jun 11, 2021 INTEL by Marlena Haddad

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.

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

Jun 11, 2021 INTEL by Nicholas Alan Clayton

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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Silver Spike Acquisition Corp. (SSPK) Shareholders Approve WM Technology Deal

Jun 11, 2021 INTEL by Marlena Haddad

Silver Spike Acquisition Corp. (NASDAQ:SSPK) announced in a 8-K filing that its shareholders approved its combination with cannabis marketplace leader WM Technology, Inc., or more commonly known as “Weed Maps”.

Just 10,012 shares were redeemed by shareholders in connection with the vote.

Top 3 SPAC Targets – Live Events

Jun 11, 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 live events space. We look at why they are compelling and why each could be a fit for a blank-check merger.