The Latest SPAC News and Rumors: May 28th, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Social Capital Hedosophia Holdings Corp. V (IPOE) Shareholders Approve SoFi Deal
Social Capital Hedosophia Holdings Corp. V (NYSE:IPOE) announced in an 8-K filing that its shareholders have approved its combination with fintech platform SoFi.
The parties expect to close the transaction later today with the combined entity set to begin trading after the long weekend on June 1.
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The Latest SPAC News and Rumors: May 27th, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Chamath Palihapitiya and SEC Chairman Gary Gensler call for more oversight on SPACs
Wall Street’s New Cop Signals More Scrutiny of Crypto, SPACs
U.S.
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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 portfoliosRead More
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 extremeRead More
Post Holdings Partnering Corporation (PSPC.U) Prices $300M IPO
Post Holdings Partnering Corp. announced the pricing of its $300 million IPO and its units are expected to begin trading on the NYSE under the symbol “PSPC.U” Wednesday, May 26.
The new SPAC aims to combine with a future-forward company that has consumer utility, strong brand awareness, and unique value propositions.
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The Latest SPAC News and Rumors: May 25th, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SPAC Rumors, Surveys, and Space Talk
AI Specialist BigBear Said In Merger Talks with GigCapital4 SPAC
Artificial-intelligence company BigBear.ai
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Legato Merger Corp. (LEGO) to Combine with Algoma Steel in $1.7Bn Deal
Legato Merger Corp. (NADAQ:LEGO) has entered into a definitive agreement to combine with leading steel producer Algoma Steel Inc. at an enterprise value of $1.3 billion at closing and $1.7 billion inclusive of contingent consideration, or 1.9x 2021E adjusted EBITDA.
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Fifth Wall Acquisition Corporation III (FWAC) Prices $250M IPO
Fifth Wall Acquisition Corp. III announced the pricing of its $250 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “FWAC” Tuesday, May 25.
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The Latest SPAC News and Rumors: May 24th, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SPACs move the party abroad as Europe and Tel Aviv welcome listings
The SPAC Party Gets Going in Europe, This Time With Better Terms
Sponsors are looking to continue the craze elsewhere, and top of the list is Europe, where the number of new SPACs accelerated from February to April, and there’s no sign of growth there abating.
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The Latest SPAC News and Rumors: May 21st, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Congress considers legislation aimed at SPACs and the need for investor protections as the UK facilitates listing of SPACs
U.S.
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Graf Acquisition Corp. IV (GFOR.U) Prices $150M IPO
Graf Acquisition Corp. IV announced the pricing of its $150 million IPO and its units are expected to begin trading on the New York Stock Exchange under the symbol “GFOR.U” Friday, May 21.
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The Latest SPAC News and Rumors: May 20th, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SPAC deal announcement activity continues to pick up and A-Rod thinks the recent regulatory scrutiny is a “good thing”.
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DPCM Capital (XPOA) to Combine with Jam City in $1.2Bn Deal
DPCM Capital (NYSE:XPOA) has entered into a definitive agreement to combine with mobile gaming company Jam City at an enterprise value of $1.2 billion, or 10.7x its 2022E EBITDA. The Los Angeles-based company develops engaging mobile video games and has developed immersive games around Hollywood properties and entertainment brands. The combined company is expected toRead More
The Latest SPAC News and Rumors: May 19th, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
U.S. hedge funds loaded up on SPACs during the first quarter, but now the SPAC boom is moving across the pond as FCA looks to relax listing rules
As the U.S.
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Skydeck Acquisition Corp. (SKYAU) Prices Downsized $200M IPO
Skydeck Acquisition Corp. announced the pricing of its downsized $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SKYAU” Wednesday, May 19.
The new SPAC aims to combine with a media, technology, communications or digital health company that has adopted a shift to digital services and has a large addressable market. Skydeck
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GigInternational1, Inc. (GIWWU) Prices $200M IPO
GigInternational1, Inc. (NASDAQ:GIWWU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GIWWU” Wednesday, May 19.
The new SPAC aims to combine with a TMT, A&D, mobility, or semiconductor company that will also be part of its “Mentor-Investor” program.
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Aries I Acquisition Corp. (RAMMU) Prices $125M IPO
Aries I Acquisition Corp. announced the pricing of its $125 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RAMMU” Wednesday, May 19.
The new SPAC aims to combine with a technology-first company that is a leader in aerospace, space exploration, quantum computing, AI, cybersecurity, or blockchain.
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Altimar Acquisition Corp. (ATAC) Closes Blue Owl Deal Following Shareholder Vote
Altimar Acquisition Corp. (NYSE:ATAC), which previously announced a combination with Owl Rock Capital Group and the Dyal Capital Partners division of Neuberger Berman Group LLC to form alternative asset management company Blue Owl Capital Inc., held a virtual meeting earlier today where shareholders voted to approve the roll-up deal. The deal is expected to closeRead More