Author: Marlena Haddad

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The Latest SPAC News and Rumors: December 14, 2021


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

Latest SPAC News: Bill Ackman’s SPAC calls investor claim that it’s illegal ‘fictional’, and SoundHound partners with Netflix


Bill Ackman’s SPAC Calls Investor Claim That It’s Illegal ‘Fictional’

Bill Ackman’s Pershing Square Tontine Holdings Ltd.

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Gores Holdings VIII (GIIX) to Combine with Footprint in $1.6Bn Deal

Gores VIII (NASDAQ:GIIX) has entered into a definitive agreement to combine with sustainable materials company Footprint at an enterprise value of $1.6 billion, or 3.2x its 2023E revenue. Gilbert, Arizona-based Footprint develops and manufactures new molded fiber packaging solutions with the goal of eliminating plastics from the consumer marketplace. The combined company is expected to
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Kairous Acquisition Corp. Limited (KACLU) Prices $75M IPO

Dec 13, 2021 IPOs by Marlena Haddad

Kairous Acquisition Corp. Limited announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “KACLU” Tuesday, December 14.

The new SPAC intends to focus on fast growing tech companies in different industry verticals, including but not limited to e-commerce, financial technology, insurance technology, digital health, digital media and digital services.

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AEA-Bridges Impact Corp. (IMPX) to Combine with LiveWire in $1.77B Deal

AEA-Bridges Impact Corp. (“ABIC”) (NYSE:IMPX) has entered into a definitive agreement to combine with Harley-Davidson’s (NYSE:HOG) electric motorcycle division LiveWire at an enterprise value of $1.77 billion, or 1.0x multiple to 2026E revenue. Milwaukee-based LiveWire plans to draw on its DNA as an agile disruptor from the lineage of Harley-Davidson to capitalize on a decade
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Broadstone (BSN) Announces Preliminary Shareholder Approval

Broadstone Acquisition Corp. (NYSE:BSN) announced this morning that it expects to receive shareholder approval at its special meeting set to vote on its combination with Vertical Aerospace tomorrow. This vote will not be final until after the meeting concludes, but Broadstone likely hopes that this early result might nudge the results up a bit. The
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North Mountain Merger Corp. (NMMC) to Combine with Corcentric in $1.2B Deal

North Mountain Merger Corp. (NASDAQ:NMMC) has entered into a definitive agreement to combine with  commerce solutions provider Corcentric at an enterprise value of $1.2 billion, or 8.1x multiple to 2022E revenue. Cherry Hill, New Jersey-based Corcentric is a provider of B2B commerce solutions for enterprise and middle-market businesses, comprising over 450,000 buyers and 1.4 million
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Healthcare AI Acquisition Corp. (HAIAU) Prices $200M IPO

Dec 10, 2021 IPOs by Marlena Haddad

Healthcare AI Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HAIAU” Friday, December 10.

The new SPAC intends to focus on healthcare and pharmaceutical companies in the e-clinical, healthcare information technology or outsourced pharmaceutical services industries with high AI readiness and technological transformation potential.

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Trajectory Alpha Acquisition Corp. (TCOA.U) Prices $150M IPO


Trajectory Alpha Acquisition Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the NYSE under the symbol “TCOA.U” Friday, December 10.

The new SPAC intends to identify and work with a disruptive, technology-driven business that leverages its unique intellectual property IP and proprietary data to develop a sustainable competitive advantage and, in turn, dislodge slower moving incumbents in the target’s selected end markets. 

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