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Month: May 2021

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Virtuoso Acquisition Corp. (VOSO) to Combine with Wejo in $800M Deal

Virtuoso (NASDAQ:VOSO) has entered into a definitive agreement to combine with vehicle data tracker Wejo at an enterprise value of $800 million, or 2.5x its 2024E net revenue. Manchester, UK-based Wejo has developed a data analysis suite based on tracking connected cars for a wide array of clients seeking predictive intelligence of vehicle ownership, traffic
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Locust Walk Acquisition Corp (LWAC) to Combine with eFFECTOR Therapeutics in $419M Deal

Locust Walk (NASDAQ:LWAC) has entered into a definitive agreement to combine with biopharmaceutical firm eFFECTOR at an enterprise value of $419 million. San Diego-based eFFECTOR has two clinical-stage and one preclinical drug candidates with potential use as cancer therapies. One has also received federal funding to analyze its effectiveness as a COVID-19 antiviral drug. The
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Pioneer Merger Corp. (PACX) to Combine with Acorns in $1.6Bn Deal

Pioneer Merger Corp. (PACX) has entered into a definitive agreement to combine with subscription-based financial wellness company Acorns at an enterprise value of $1.603 billion, or 12.7x 2021E revenues. The Irvine, California-based company is the largest subscription service in US consumer finance and its customers have the ability to invest in one of nine portfolios
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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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