
dMY Technology Group, Inc. III (DMYI) to Combine with IonQ in $1.3Bn Deal
dMY III (NYSE:DMYI) has entered into a definitive agreement to combine with quantum computing company IonQ at an enterprise value of $1.37 billion, or its 5.8x 2025E revenue. IonQ is developing quantum computing hardware to be used in a number of different applications including machine-learning, financial markets-monitoring and high-tech research. The combined company is expectedRead More

SPAC IPO Terms Tracker: Return of the Downsize
Terms Tracker for the Week Ending March 5, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Last week showed more signs of cracks after 39 IPO’s came to market for $11.44 billion and another 44 new teams filed an S-1. DespiteRead More

Good Works Acquisition Corp. (GWAC) to Combine with Cipher Mining in $2Bn Deal
Good Works (NASDAQ:GWAC) has entered into a definitive agreement to combine with bitcoin miner Cipher Mining at an enterprise value of $2 billion. Cipher Mining is to be a US-based spinoff from bitcoin miner BitFury with four greenfield mining centers to be set up in the country. The combined company is expected to trade onRead More

Lerer Hippeau Acquisition Corp. (LHAAU) Prices $200M IPO
Lerer Hippeau Acquisition Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “LHAA,” Friday, March 5.
The new company aims to combine with a technology-enabled target in health, consumer, logistics or industrial automation.
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InterPrivate III Financial Partners Inc. (IPVF.U) Prices Upsized $225M IPO
InterPrivate III Financial Partners Inc. announced the pricing of its $225 million IPO and its units are expected to begin trading on the NYSE under the symbol “IPVF.U,” Friday, March 5.
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InterPrivate II Acquisition Corp. (IPVA.U) Prices Upsized $225M IPO
InterPrivate II Acquisition Corp. announced the pricing of its $225 million IPO and its units are expected to begin trading on the NYSE under the symbol “IPVA.U,” Friday, March 5.
The new company aims to combine with business valued above $1 billion with positive operating cash flow or compelling unit economics.
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InterPrivate IV InfraTech Partners Inc. (IPVIU) Prices $250M IPO
InterPrivate IV InfraTech Partners announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPVIU,” Friday, March 5.
The new company aims to combine with a TMT infrastructure target valued over $1 billion that could serve as a platform for inorganic growth.
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Eric’s Top 3 – Influencer Software
SPACInsider contributor Eric Weidemann this week compiled his three favorite potential SPAC targets among targets producing software used by influencers. We look at why they are compelling and why each could be a fit for a blank-check merger.
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First Reserve Sustainable Growth Corp. (FRSGU) Prices $200M IPO
First Reserve Sustainable Growth Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “FRSGU,” Friday, March 5.
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Warburg Pincus Capital Corporation I—B (WPCB.U) Prices $500M IPO
Warburg Pincus Capital Corporation I—B announced the pricing of its $500 million IPO and its units are expected to begin trading on the NYSE under the symbol “WPCB.U,” Friday, March 5.
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Warburg Pincus Capital Corporation I—A (WPCA.U) Prices $250M IPO
Warburg Pincus Capital Corporation I—A announced the pricing of its $250 million IPO and its units are expected to begin trading on the NYSE under the symbol “WPCA.U,” Friday, March 5.
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dMY Technology Group, Inc. IV (DMYQ.U) Prices Upsized $300M IPO
dMY Technology Group, Inc. IV. announced the pricing of its $300 million IPO and its units are expected to begin trading on the NYSE under the symbol “DMYQ.U,” Friday, March 5.
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VPC Impact Acquisition Holdings III (VPCCU) Prices $225M IPO
VPC Impact Acquisition Holdings III announced the pricing of its $225 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VPCCU,” Friday, March 5.
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VPC Impact Acquisition Holdings II (VPCBU) Prices $225M IPO
VPC Impact Acquisition Holdings II announced the pricing of its $225 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VPCBU,” Friday, March 5.
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Tribe Capital Growth Corp I (ATVCU) Prices $240M IPO
Tribe Capital Growth Corp I announced the pricing of its $240 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ATVCU,” Friday, March 5.
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Tailwind Two Acquisition Corp. (TWNT.U) Prices $300M IPO
Tailwind Two Acquisition Corp. announced the pricing of its $300 million IPO and its units are expected to begin trading on the NYSE under the symbol “TWNT.U,” Friday, March 5.
The new company aims to combine with an omni-channel, technology-enabled consumer target valued over $1 billion.
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SPAC Opportunity or the Beginning of the End? What’s Going on in the Market?
The crack in the Street that began with 3 of last week’s 29 IPOs trading below issue price has become more like a sinkhole. Of today’s eight IPOs, only Khosla (KSVA) has managed to remain trading above $10.00. But not by much at $10.23. However, if Khosla had only managed to price 3 weeks ago,Read More

Reinvent Technology Partners Z (RTPZ) to Combine with Hippo in $5Bn Deal
Reinvent Z (NYSE:RTPZ) has entered into a definitive agreement to combine with home insurer Hippo Enterprises at an enterprise value of $5 billion. Hippo provides home insurance and smart home devices to customers in 32 states, and is available in markets representing 70% of the US homeowning population. The deal is expected to close inRead More

Sustainable Opportunities Acquisition Corp. (SOAC) to Combine with DeepGreen Metals in $2.4Bn Deal
Sustainable Opportunities (NYSE:SOAC) has entered into a definitive agreement to combine with rare earth materials miner DeepGreen Metals at an enterprise value of $2.4 billion, or 1.2x its 2027E EBITDA. DeepGreen Metals is developing a unique new approach to mining rare earth materials by gathering them on the deep Pacific ocean floor. The combined entityRead More