Author: Marlena Haddad

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Khosla Ventures (KVSA) Adds to Valo Health PIPE

Khosla Ventures Acquisition Co. (NASDAQ:KVSA) announced this afternoon that it has added another  $1.125 million to the PIPE for its deal with drug discovery platform Valo Health.  The recent commitments were made by Valo’s CEO & Founder David Berry, and CFO Graeme Bell, which will be subject to a 180-day lock-up following the closing. The
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The Latest SPAC News and Rumors: November 9, 2021


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

Latest SPAC News: Abu Dhabi proposes SPAC framework, SPAC tied to Trump’s media venture seeks Wall Street backing, and Nextdoor surges following merger


Abu Dhabi’s Stock Exchange Submits SPAC Framework Proposal

Abu Dhabi has proposed a regulatory framework to allow the listing of blank-check companies, potentially opening the door to a slew of Gulf-focused deals involving SPACs.

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OmniLit Acquisition Corp. (OLITU) Prices $125M IPO


OmniLit Acquisition Corp. priced its $125 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “OLITU” Tuesday, November 9.

The new SPAC intends to concentrate its efforts in identifying high quality businesses in the advanced manufacturing industry, specifically the photonics or optics products, services, and end markets, and related products, services, and end-markets.

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Lemonade (LMND) to Acquire Metromile (MILE) in All-Stock Deal

Lemonade (NYSE:LMND), the insurance company powered by AI, has entered into a definitive agreement to acquire auto insurance company Metromile (NASDAQ:MILE) in an all-stock transaction. The deal gives Metromile, which previously merged with INSU Acquisition Corp. II nearly 10 months ago, an implied equity value of approximately $500 million, or just over $200 million net
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The Latest SPAC News and Rumors: November 8, 2021


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

Latest SPAC News: LAMF Global Ventures I explores acquisition of major European football club and Barrows Hotel considers SPAC merger


Football Finance Veteran Harris Eyes Club Takeover Through US SPAC Deal

Sky News reported that LAMF Global Ventures Corp I (NASDAQ:LGVC), which has been set up by two US entertainment industry executives, will explore the acquisition of a major European club during its trawl of potential targets.

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Northern Genesis II (NGAB) Pre-Announces Quorum to Pass Embark Deal

Northern Genesis Acquisition Corp. II (NYSE:NGAB) today announced that it has secured a quorum for its special meeting tomorrow to vote on its combination with autonomous technology developer Embark Trucks Inc. NGAB reported that its shareholders have already overwhelmingly voted in support of the $4.55 billion business combination and all other proposals to be voted
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The Latest SPAC News and Rumors: November 5, 2021


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

Latest SPAC News: Crypto billionaire-backed SPAC listing plan sends Monex limit up and Virgin Orbit partners with ANA HOLDINGS to procure twenty LauncherOne flights from Japan


Crypto Billionaire-Backed SPAC Listing Plan Sends Monex Limit Up

Monex Group Inc. surged

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7 Acquisition Corp. (SVNAU) Prices $200M IPO


7 Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SVNAU” Friday, November 5.

The new SPAC intends to focus its selection efforts on companies that provide environmental, business and/or infrastructure products and services that will contribute to a more sustainable future consistent with today’s “ESG” principles.

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Mercato Partners Acquisition Corp. (MPRAU) Prices $200M IPO


Mercato Partners Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MPRAU” Thursday, November 3.

The Company intends to capitalize on the ability of its management team and the broader Mercato Partners platform to identify, acquire and operate a business in either the technology or branded consumer products sector that possesses the suitable characteristics to achieve attractive long-term risk adjusted returns.

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The Latest SPAC News and Rumors: November 4, 2021


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

Latest SPAC News: Nikola expects $125 million penalty in tentative pact with SEC, and Super Group provides update on Betway’s European soccer sponsorship and partnership deals


Nikola Sees $125 Million Fine as It Discusses Deal With SEC

Nikola Corp.

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