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Month: July 2021

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Longview Acquisition Corp. II (LGV) to Combine with HeartFlow in $2.4Bn Deal

Longview II (NYSE:LGV) has entered into a definitive agreement to combine with medtech firm HeartFlow at an enterprise value of $2.37 billion, or 11.6x its 2023E revenue. Redwood City, California-based HeartFlow provides tools for visualizing blood circulation around the heart, giving physicians insights into further treatment options. The combined company will trade on the NYSE
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Empower Ltd. (EMPW) Shareholders Approve Holley Deal

Empower Ltd.  (NYSE:EMPW) announced in a press release today that its shareholders approved its combination with automotive parts company Holley Intermediate Holdings in a meeting held yesterday morning. The press release did not mention any redemption numbers, but EMPW traded above $10 on its redemption deadline July 12 and opened today at $10.11. The transaction
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GX Acquisition Corp. (GXGX) Shareholders Approve Celularity Group Deal

GX Acquisition Corp.  (NASDAQ:GXGX) announced in an 8-K filing this morning that its shareholders approved its combination with clinical stage biotech firm Celularity in a meeting earlier this morning. Shareholders redeemed 9,174,705 share in connection with the vote, however, removing about $93.6 million (about 73%) from its $128 million trust. This is the latest in
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one (AONE) Shareholders Approve Markforged Deal

one  (NYSE:AONE) announced in a press release today that its shareholders approved its combination with additive manufacturing company Markforged in a meeting held yesterday. The press release did not mention redemption numbers, but AONE traded above $10.00 throughout its redemption deadline July 9. In connection with the closing of the transaction, Markforged received approximately $361
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Sandbridge Acquisition Corp. (SBG) Shareholders Approve Owlet Deal With Heavy Redemptions

Sandbridge Acquisition Corp.  (NYSE:SBG) announced in an 8-K filing today that its shareholders approved its combination with health technology company Owlet Baby Care, Inc., in a meeting earlier this morning, but saw 19,758,773 shares, or 86%, redeemed in connection to the vote. As a result, there will be just $32.4 million remaining in the trust
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The Latest SPAC News and Rumors: July 14, 2021


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

Latest SPAC News: A-Rod’s Slam SPAC in talks to merge with Italy’s Panini Group, France’s Billionaire Pinault family joins SPAC rush in Europe, and Li-Cycle and Helbiz partner to advance battery recycling in micro-mobility


A-Rod’s Slam SPAC Is in Merger Talks With Italy’s Panini Group

Alex Rodriguez’s blank-check firm Slam Corp.

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SEC Charges Stable Road and Momentus Executives with Misinforming Public on Technology and Risks

Stable Road (NASDAQ:SRAC) and its troubled combination with space venture Momentus took another big hit today as the SEC announced charges against all parties in an afternoon press release. Stable Road, its sponsor, its CEO Brian Kabot and Momentus’ former CEO Mikhail Kokorich each individually face charges of misleading investors about the advancement of Momentus’
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CBRE Acquisition Holdings (CBAH) to combine with Altus Power in $1.6Bn Deal

CBRE Acquisition Holdings, Inc. (NYSE:CBAH) has entered into a definitive agreement to combine with renewable energy firm Altus Power at an enterprise value of $1.6 billion, or 14.3x its 2022E EBITDA. Greenwich, Connecticut-based Altus Power has built or acquired distributed generation solar facilities totaling about 265 megawatts (MW) and provides generation facilities for commercial, residential
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Ivanhoe Capital Acquisition Corp. (IVAN) to Combine with SES in a $2.6Bn Deal

Ivanhoe (NYSE:IVAN) has entered into a definitive agreement to combine with EV battery-maker SES at an enterprise value of $2.675 billion, or 5.5x its 2025E revenue. Singapore-based SES is developing a hybrid lithium-metal rechargeable battery for electric vehicles with full production expected to launch in 2025. The combined company is expected to trade on the
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Lionheart Acquisition Corp. II (LCAP) to Combine with MSP Recovery in $32.6Bn Deal

Lionheart II (NASDAQ:LCAP) has entered into a definitive agreement to combine with Medicare billing firm MSP Recovery at an enterprise value of $32.6 billion, or 10.5x its 2023E revenue. Coral Gables, Florida-based MSP has built a proprietary model for identifying and acquiring claims against primary care payers in the healthcare industry that unduly passed costs
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