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Month: May 2021

IPO-Pricing
IPO-Pricing
IPO-Pricing

Catalyst Partners Acquisition (CPARU) Prices $300M IPO

May 18, 2021 IPOs by Marlena Haddad

Catalyst Partners Acquisition (NASDAQ:CPARU) announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CPARU” Tuesday, May 18.

The new SPAC aims to combine with a company that benefits from a number of trends including cybersecurity software, data and analytics software, next-generation infrastructure software, and application software.

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Yunhong International (ZGYH) to Combine with Giga Energy in $7.4Bn Deal

Yunhong International (NASDAQ:ZGYH) has entered into a definitive share exchange agreement to combine with industrial and transportation solutions firm Giga Energy Inc. in a deal valued at up to $7.345 billion. The Hangzhoua,China-based company aims to become a global leader in carbon neutral energy solutions with a full solution of products to support their deployment and usage.
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Seaport Global Acquisition Corp. (SGAM) to Combine with Redbox in $693M Deal

Seaport Global (NASDAQ:SGAM) has entered into a definitive agreement to combine with home entertainment provider Redbox at an enterprise value of $693 million, or 3.6x its 2022E EBITDA. Redbox provides movie rentals through about 40,000 kiosks at retail locations and also offers streaming TV and movie options on its digital platform. The combined company is
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SCVX Corp. (SCVX) to Combine with Bright Machines in $1Bn Deal

SCVX Corp. (NYSE:SCVX) has entered into a definitive agreement to combine with manufacturing-software company Bright Machines at an enterprise value of $1.1 billion. The San Francisco-based company modernizes manufacturing by using artificial intelligence and robotics to automate tasks in electronic manufacturing.  Bright Machines microfactories can be programmed to complete electronic tasks to make supply chains
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SPAC IPO Terms Tracker: A Sign Of The Times

May 15, 2021 INTEL by Matt Cianci
Terms Tracker for the Week Ending May 14, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Heading into the final weeks before summer, SPACs remain in tightening mode and the slow pace of IPOs and new S-1 registration statements continues. There
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IPO-Pricing
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Stable Road Acquisition Corp. (SRAC) Secures Deadline Extension

Stable Road Acquisition Corp. (NASDAQ:SRAC) has secured an extension of its transaction deadline as it works to complete its combination with commercial space company Momentus. Shareholders voted to extend the deadline from May 14 to August 13 at a special meeting earlier today. An earlier meeting to extend the deadline on May 6 had to
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Cerberus Telecom Acquisition Corp. (CTAC) & KORE Wireless: Live Q&A – May 19th, 1:00PM

May 13, 2021 INTEL by Kristi Marvin

A

Live Management Presentation and Q&A

 

Cerberus Telecom Acquisition Corp. (CTAC)

&

KORE

 

Speakers

Tim Donahue – CEO, Cerberus Telecom
Nick Robinson – Co-Chief Investment Officer, Cerberus Telecom
Michael Palmer – Co-Chief Investment Officer, Cerberus Telecom
Romil Bahl – President & CEO, KORE
Puneet Pamnani – CFO, KORE

 

Date: Wednesday, May 19th
Time: 1:00 p.m.

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IPO-Pricing
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Centricus Acquisition Corp. (CENH) to Combine with Arqit Limited in $1Bn Deal

Centricus Acquisition Corp. (NASDAQ:CENH) has entered into a definitive agreement to combine with quantum encryption technology firm Arqit Limited at an enterprise value of $1.026 billion. The London-based company uses its unique quantum encryption technology, QuantumCloud™, to strengthen the communications links of any networked device secure against current and future forms of hacking, including attacks
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Switchback II Corporation (SWBK) to Combine with Bird in $2.3Bn Deal

Switchback II (NYSE:SWBK) has entered into a definitive agreement to combine with scooter-share provider Bird at an enterprise value of $2.3 billion, or 2.8x its 2023E revenue. Bird provides short-term scooter rentals for single trips as a mobility option around about 200 urban centers in the Americas, Europe, Israel and New Zealand. The combined company
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SPAC risk

How Can SPACs Protect Themselves from Litigation: A Few Insurance Tips and Scenarios

May 11, 2021 INTEL by Kristi Marvin
By Yelena Dunaevsky, Esq. and Emily Maier, Woodruff-Sawyer & Co. A version of this article was published in the American Bar Association’s Deal Points Newsletter of the Mergers & Acquisitions Committee, Volume XXVI, Issue 2, Spring 2021 If you are on a SPAC team or looking to merge with a SPAC, the recent statements from
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Soaring Eagle Acquisition Corp. (SRNG) to Combine with Ginkgo Bioworks Inc. in $15Bn Deal

Soaring Eagle Acquisition Corp. (NASDAQ:SRNG) has entered into a definitive agreement to combine with cell programming company Ginkgo Bioworks Inc. at an enterprise value of $15.164 billion, or 24.1x its 2024E revenue. The Boston-based company uses genetic engineering to create bacteria for a range of industries with a focus on strain improvement, enzyme discovery, new
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