XPAC Acquisition Corp. (XPAXU) Prices $200M IPO
(note: SPACInsider will only publish pricing once a team officially puts out their own press release. XPAC did not publish their press release until 6:00PM ET on 7/30/21)
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Reinvent Technology Partners Z (RTPZ) Shareholders Approve Hippo Deal
Reinvent Technology Partners Z (NYSE:RTPZ) shareholders have approved its combination with home insurer Hippo Enterprises at a special meeting held yesterday.
Reinvent, which raised $230 million at IPO, saw a heavy amount of redemptions as 19,261,380 shares were redeemed in connection with the vote.
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The Latest SPAC News and Rumors: July 30, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Manscaped in talks to merge with Bright Lights, Nikola founder Milton charged for false statements, and MENA region sees more SPAC deals
Grooming Startup Manscaped Holds Bright Lights SPAC Talks
Manscaped, a startup that sells products for “below-the-waist hygiene,” is in talks to merge with blank-check firm Bright Lights Acquisition Corp.
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Tailwind Acquisition Corp (TWND) Adjourns Shareholder Vote Again
Tailwind Acquisition Corp. (NYSE:TWND) announced in a press release this morning that it adjourned its meeting regarding its combination with cybersecurity firm Qomplx. The press release did not give much information, but in the past SPACs have used adjournments to increase turnout for the vote or give redeeming shareholders extra time to potentially change theirRead More
Cerevel Therapeutics (CERE) Announces Warrant Redemption for Cash Exercise
Cerevel Therapeutics (Nasdaq: CERE), which completed their combination with ARYA Sciences Acquisition Corp. II in late October of 2020, announced this morning that it will be redeeming its outstanding public SPAC warrants for cash exercise. The current price is around $13.34, but as of this writing, the warrants are up $0.019, which would bring itRead More
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Spotlight: Warrantless and Organ-Centric Biotech
Welcome to SPACInsider’s Spotlight series! With this, we will seek to illuminate a particular trend in SPACs that deserves a greater focus. This week, we will be continuing to look at Chamath Palihapitya’s biotech SPACs.
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Dragoneer Growth Opportunities Corp. (DGNR) Shareholders Approve CCC Information Services Deal
Dragoneer Growth Opportunities Corp. (NYSE:DGNR) shareholders have approved its combination with software provider CCC Information Services at a special meeting held earlier this morning.
The deal was approved with 57,417,344 votes in favor of the transaction and a total of 60,702,991 (70.4%) of Dragoneer’s shares were present at the meeting.
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The Latest SPAC News and Rumors: July 29, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Nanosys in talks to merge with GigInternational1, blank-check firms turn to expensive sources of financing
Nanosys Is in Talks to Go Public Via GigInternational1 SPAC
Quantum-dot technology developer Nanosys Inc. is
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TPG Pace Solutions Corp. (TPGS) to Combine with Vacasa in $3.7Bn Deal
TPG Pace Solutions (NYSE:TPGS) has entered into a definitive agreement to combine with vacation rental management platform Vacasa at an enterprise value of $3.747 billion, or 3.7x its 2022E revenue. Portland, Oregon-based Vacasa helps homeowners manage vacation properties and book them out to renters through its own site as well as channel partners like AirbnbRead More
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Atlas Crest Investment Corp (ACIC) Re-Strikes Deal with Archer
Atlas Crest (NYSE:ACIC) announced this morning that it had revised its deal with electric vertical take-off and landing (eVTOL) aircraft-maker Archer, dropping its enterprise value from $2.7 billion to $1.7 billion. This makes for a 38% drop in valuation for Archer, which was the first in a series of eVTOL-makers to strike deals with SPACsRead More
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Nebula Caravel Acquisition Corp. (NEBC) Shareholders Approve Rover Deal
Nebula Caravel Acquisition Corp. (NASDAQ:NEBC) shareholders have approved its combination with dog-walking app Rover at a special meeting July 28.
The deal was overwhelmingly approved, but Nebula Caravel’s press release and 8-K filing did not reveal redemption figures.
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International Media Acquisition Corp. (IMAQU) Prices $200M IPO
International Media Acquisition Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “IMAQU” Thursday, July 29.
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Software Acquisition Group Inc. II (SWAGU) Prices $200M IPO
Software Acquisition Group Inc. II announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “SWAGU” Thursday, July 29.
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Starboard Value Acquisition Corp. (SVAC) Shareholders Approve Cyxtera Deal
Starboard Value Acquisition Corp. (NASDAQ:SVAC) announced in a press release today that its shareholders approved its combination with data center provider Cyxtera in a meeting held earlier this morning. SVAC, which raised a total of $404.2 million at IPO, had 26,176,891 shares redeemed in connection with the vote, leaving 165,978,740 shares outstanding and $493 millionRead More
Metals Acquisition Corp. (MTAL.U) Prices $250M IPO
Metals Acquisition Corp. announced the pricing of its $250 million IPO and its shares are expected to begin trading on the New York Stock Exchange under the symbol “MTAL.U” Thursday, July 29.
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Queen’s Gambit Growth Capital (GMBT) to Combine with Swvl in $1.1Bn Deal
Queen’s Gambit (NASDAQ:GMBT) has entered into a definitive combination agreement with mobility tech firm Swvl at an enterprise value of $1.1 billion, or 2.8x its 2023E gross revenue. Dubai-based Swvl operates a shared ride-hailing service using minibuses as an urban transport solution as well as a B2B service. The combined company is expected to tradeRead More
The Latest SPAC News and Rumors: July 28, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Lordstown to sell $400 million in stock, the London Stock Exchange has its first SPAC listing, and Sebi explores framework for SPACs in India
Lordstown Is Selling Some Stock
Electric-vehicle startup Lordstown Motors Corp.
Spartan Acquisition Corp. III (SPAQ) to Combine with Allego in $2.6Bn Deal
Spartan III (NYSE:SPAQ) has entered into a definitive agreement to combine with Dutch electric vehicle (EV) charging company Allego at an enterprise value of $2.65 billion, or 12.3x its 2021E revenue. Arnhem, Netherlands-based Allego operates about 26,000 EV charging stations, including ultra-fast charging rigs, across 12 European countries. The combined company is expected to tradeRead More
Capitol Investment Corp. V (CAP) Shareholders Approve Doma Deal
Capitol Investment Corp. V (NYSE:CAP) announced in an 8-K filing this morning that its shareholders approved its combination with proptech firm Doma along with all other proposals in a meeting held yesterday.
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Alpha Partners Technology Merger Corp. (APTMU) Prices $250M IPO
Alpha Partners Technology Merger Corp. announced the pricing of its $250 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “APTMU” Wednesday, July 28.
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