Author: Marlena Haddad

IPO-Pricing
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Peridot (PDAC) Shareholders Approve Li-Cycle Deal

Peridot  (NYSE:PDAC) shareholders have approved its combination with battery recycler Li-Cycle Corp. at a special meeting earlier today. The press release reported that only 11% of the total shares were redeemed and approximately 89% of funds will remain in PDAC’s trust account as of closing. As a result, Li-Cycle expects to receive approximately $580 million
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The Latest SPAC News and Rumors: August 5, 2021


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

Latest SPAC News: Pershing seeks $1 billion to fund its bet on Universal Music Group, SPACs target emerging markets, and Boxed announces $45 million secured credit facility


Pershing Said to Seek $1 Billion to Fund Universal Music Bet

Bill Ackman’s hedge fund Pershing Square Capital Management LP is in discussions to raise $1 billion to help fund its bet on Vivendi SE’s Universal Music Group, according to Bloomberg.

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Gladstone Acquisition Corp. (GLEEU) Prices $100M IPO

Gladstone Acquisition Corp. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “GLEEU”, Thursday, August 5.

The new company intends to focus its search on the farming and agricultural sectors, including farming related operations and businesses that support the farming industry, where its management team has extensive experience.

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The Latest SPAC News and Rumors: August 4, 2021


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

Latest SPAC News: Hydrow in talks to merge with Sandbridge X2 and Venus Williams joins HumanCo’s advisory board


Hydrow in Talks to Go Public in Sandbridge X2 SPAC Deal

Rowing machine creator Hydrow is in talks to go public through a merger with Sandbridge X2 Corp.

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The Latest SPAC News and Rumors: August 3, 2021


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

Latest SPAC News: Traveloka to raise up to $400 million, Citadel alumni team up with JDS’s Stern for new blank-check firm, and Roivant aborts plans to buy back its own SPAC


Traveloka in Talks to Raise Up to $400 Million for SPAC Deal

Indonesia’s Traveloka is in talks with potential investors to raise as much as $400 million as part of its plan to go public through merging with a SPAC backed by Richard Li and Peter Thiel.

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VPC Impact II (VPCB) to Combine with Kredivo in $2.5B Deal

VPC Impact Acquisition Holdings II (NASDAQ:VPCB) has entered into a definitive agreement to combine with buy-now-pay-later platform Kredivo for a $2.5 billion pro forma equity value, or 6.3x 2022E revenue. Jakarta-based Kredivo provides customers instant credit financing, including personal loans, based on AI-enabled real-time decisioning. The business combination is expected to close no later than
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The Latest SPAC News and Rumors: August 2, 2021


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

Latest SPAC News: Grab’s sales jump ahead of merger


Grab’s sales jump 39% in Q1, ahead of record SPAC deal

Grab, Southeast Asia’s biggest ride hailing-to-food delivery group’s first-quarter adjusted net sales rose 39% to a record $507 million and the Singapore-based firm reduced its losses on the back of a strong performance in its deliveries business.

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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 their
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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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