The Latest SPAC News and Rumors: May 18th, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Mountain Crest Acquisition Corp. III (MCAEU) Prices $50M IPO
Mountain Crest Acquisition Corp. III (NASDAQ:MCAEU) announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MCAEU” Tuesday, May 18.
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Catalyst Partners Acquisition (CPARU) Prices $300M IPO
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.Read More
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 chainsRead More
Friday SPAC Rumor Roundup: Hydrogen Versus Down-Market Gravity
SPAC deal flow is officially ramping up after an extended lull, with five SPACs announcing transactions last week and eight this week. The same cannot be said for SPAC IPOs, which remain at a relative trickle even as global IPOs crossed an all-time record this week both in proceeds – $248 billion – and volumeRead More
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Osiris Acquisition Corp. (OSI.U) Prices Downsized $230M IPO
Osiris Acquisition Corp. announced the pricing of its downsized $230 million IPO and its units are expected to begin trading on the NYSE under the symbol “OSI.U” Friday, May 41.
The new SPAC aims to combine with a highly recognizable consumer, retail, or leisure company that has loyal customers and has been disproportionately affected due to the impact of COVID.
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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 attacksRead More
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, newRead More
LIV Capital Acquisition (LIVK) to Combine with AgileThought in $482.3M Deal
LIV Capital Acquisition (NASDAQ:LIVK) has entered into a definitive agreement to combine with IT service provider AgileThought at an enterprise value of $482.3 million, or 2.6x its 2021E revenue. Texas-based AgileThought provides next-generation software, consulting services, and end-to-end digital solutions to Fortune 1000 companies. The combined entity will remain listed on the Nasdaq under theRead More
Hennessy Capital Investment Corp. V (HCIC) to Combine with Plus in $2.5Bn Deal
Hennessy Capital Investment Corp. V (NASDAQ:HCIC) has entered into a definitive agreement to combine with self-driving truck tech firm Plus at an enterprise value of $2.4 billion. Silicon Valley based Plus aims to make trucks safer and more efficient through its cutting edge autonomous technology which utilizes LiDAR and a proprietary full-stack L4 software. TheRead More
Friday Rumor Roundup: SPACs Dreaming a Little Bigger
SPAC deal activity appears to be picking up after an April lull with a triple-announcement Friday and more transactions in the chatter. We’re all trying to get our summer bods ready in time, and at least one SPAC may be jumping right into the gym with us. Equinox Luxury gym operator Equinox is reportedly inRead More
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B. Riley Principal 250 Merger Corp. (BRIVU) Prices $150M IPO
B. Riley Principal announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BRIVU” Friday, May 7.
The new SPAC aims to combine with an established company that has an enterprise of at least $800 million and is under-performing its potential due to a temporary dislocation in the markets.
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ACON S2 Acquisition Corp. (STWO) to Combine with ESS Tech in $1.1Bn Deal
ACON S2 Acquisition Corp. (STWO) has entered into a definitive agreement to combine with battery manufacturer firm ESS Tech at an enterprise value of $1.072Bn, or 0.7x its 2025E Revenue. California-based ESS Tech produces energy storage solutions based on iron, salt, and water as opposed to the typical hazardous materials like lithium. The combined companyRead More
Data Knights Acquisition Corporation (DKDCU) Prices $100M IPO
Data Knights Acquisition Corporation announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DKDCU” Friday, May 7.
The new SPAC aims to combine with a company focused on data centers and internet technology sectors.
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Stable Road Acquisition Corp. (SRAC) Adjourns Shareholder Vote Without Extension
Stable Road Acquisition Corp. (NASDAQ:SRAC), which previously announced a combination with commercial space company Momentus, held a virtual meeting earlier today to extend its transaction deadline where it adjourned due to insufficient votes. The new meeting is May 13, 2021, giving Stable Road one week to find to find the requisite votes. The SPAC hasRead More
Amplitude Healthcare Acquisition Corporation (AMHC) to Combine with Jasper Therapeutics in $290M Deal
Amplitude Healthcare (NASDAQ:AMHC) has entered into a definitive agreement to combine with hematopoietic cell transplant firm Jasper Therapeutics at an enterprise value of $290 million. Biotechnology firm Jasper is working to cure several life threatening diseases such as blood cancers, sickle cell, and autoimmune disorders in underserved patients including infants, women, and minorities. The Palo-AltoRead More
Maquia Capital Acquisition Corp. (MAQCU) Prices Downsized $160M IPO
Maquia Capital Acquisition Corp. announced the pricing of its downsized $160 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MAQCU” Wednesday, May 5.
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CF Finance Acquisition Corp III (CFAC) Revises AEye Deal, Slashing Valuation From $1.9Bn to $1.52Bn
CF Finance III (NASDAQ:CFAC) amended its merger agreement with lidar-maker AEye today due to recent valuation changes of publicly traded lidar companies and changing conditions in the automotive lidar industry. Under the amended merger agreement, AEye’s valuation was lowered approximately by 20%, from $1.9Bn to $1.5Bn. Cantor Fitzgerald-sponsored CF Finance III has also deposited anRead More
Friday Rumor Roundup: SPACs’ European Vacation
Regulators have generated a fair amount of the buzz in recent weeks, as watchdogs in multiple countries consider tightening and loosening screws. But, the birds are chirping and spring winds continue to be scented with whiffs of deals in the air. Here’s a selection of what we sniffed this week: Plus Autonomous truck startup PlusRead More
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