Gores Metropoulos II (GMII) to Combine with Sonder Holdings in $2.2Bn Deal

Apr 30, 2021 INTEL by Marlena Haddad

Gores Metropoulos II, Inc. (NASDAQ:GMII) has entered into a definitive agreement to combine with next-generation hospitality firm Sonder Holdings at an enterprise value of $2.2 billion, or 3.6x its 2022E revenue. Lodging startup Sonder is working to redefine the guest experienced by transforming apartments and hotel rooms into short term rentals with a modern touch.
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ION Acquisition Corp 3 Ltd. (IACC.) Prices Downsized $220M IPO

Apr 30, 2021 IPOs by Marlena Haddad

ION Acquisition Corp 3 Ltd. announced the pricing of its downsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “IACC”, starting on Friday, April 30.

TradeUP Global Corporation (TUGCU) Prices $40M IPO

Apr 28, 2021 IPOs by Marlena Haddad

TradeUP Global Corporation announced the pricing of its $40 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TUGCU” Thursday, April 29.

The new SPAC aims to combine with a business that has been misevaluated by the marketplace and is underperforming its potential.

Marquee Raine (MRAC) to Combine with Enjoy in $1.2Bn Deal

Apr 28, 2021 INTEL by Marlena Haddad

Marquee Raine (NASDAQ:MRAC) has entered into a definitive agreement to combine with technology-powered service platform Enjoy Technology Inc. at an enterprise value of approximately $1.2 billion, or 4.8x the estimated 2022 revenues. Enjoy offers “commerce at home” by hand-delivering consumer orders and configuring electronic devices in the comfort of their own home. The combined company
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EV Targets Announce Strategic Partnerships

Apr 27, 2021 INTEL by Marlena Haddad

Over the past several quarters, automotive tech firms generated a great deal of excitement as they attempted to disrupt the industry via SPACs, but have since had a rough ride with a down market across the SPAC space. Pre-revenue SPAC targets have also been the subject of some open-air critiquing by the SEC for trumpeting
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