Author: Marlena Haddad

IPO-Pricing

Founder SPAC (FOUNU) Prices $275M IPO

Oct 15, 2021 IPOs by Marlena Haddad

Founder SPAC announced the pricing of its $275 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “FOUNU” Friday, October 15.

The new SPAC intends to focus on finding high-quality companies actively engaged in the digital transformational change with an enterprise value between $1.0 to $2.5 billion, with an emphasis on SaaS applications, optimization solutions, security, edge computing, and AI.

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VPC Impact (VIH) Shareholders Approve Bakkt Deal

VPC Impact Acquisition Holdings (NASDAQ:VIH) secured shareholder approval of its combination with digital asset marketplace Bakkt Holdings today after pre-announcing its redemption amounts yesterday morning.

Today’s 8-K filing provided further transparency into VIH’s redemptions, disclosing that a total of 8,452,042 shares were redeemed in connection with the business combination, removing 40.76% of the SPAC’s trust.

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Marquee Raine Acquisition Corp. (MRAC) Shareholders Approve Enjoy Deal

Marquee Raine Acquisition Corp. (NASDAQ:MRAC) secured shareholder approval of its combination with technology-powered service platform Enjoy Technology Inc. in a meeting held earlier this morning. Although the 8-K filing did not disclose redemption numbers, MRAC traded below $10 throughout its redemption deadline October 11 and closed today at $9.88. MRAC announced on September 14 that
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The Latest SPAC News and Rumors: October 13, 2021


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

Latest SPAC News: SEC leans on SPACs for detailed disclosures, Lordstown Motors appoints new CFO, and CompoSecure announces cryptocurrency product Arculus Key Card


SEC Leans on SPACs for Detailed Disclosures of Risk, Controls

Wall Street’s top regulator promises to issue new, tougher rules for SPACs, but the agency already has ramped up its scrutiny of the blank-check companies that became market sensations in 2020.

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VPC Impact (VIH) Pre-Announces Redemptions With Bakkt

VPC Impact Acquisition Holdings (NASDAQ:VIH) pre-announced its redemption amounts this morning in a press release ahead of its shareholder meeting tomorrow to vote on its combination with digital asset marketplace Bakkt Holdings. The press release reported that the deal is expected to generate more than $447 million of gross proceeds.  This includes an expected $325
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Live Oak II (LOKB) Shareholders Approve Navitas Semiconductor Deal

Live Oak Acquisition Corp. II (NYSE:LOKB) secured shareholder approval of its combination with advanced charging electronics-maker Navitas in a meeting held yesterday. The press release and 8-K filing did not disclose redemption numbers, but LOKB traded above $10 throughout its redemption deadline October 8, and is currently up 9.61% at $11.03. Live Oak II secured
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The Latest SPAC News and Rumors: October 12, 2021


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

Latest SPAC News: Hyphen in talks to merge with Provident Acquisition Corp., SPAC promoters shun Chinese deals amid regulatory chill, and Rocket Lab acquires Advanced Solutions


Li-Backed Hyphen Said in Talks on $1 Billion Provident SPAC Deal

Hyphen Group, a financial technology firm backed by Hong Kong billionaire Richard Li, is in advanced talks to go public through a merger with blank-check company Provident Acquisition Corp.

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The Latest SPAC News and Rumors: October 11, 2021


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

Latest SPAC News: Former climate change secretary Amber Rudd joins Energy1, BowX announces listing transfer to NYSE, and Gogoro launches battery swapping in China


Former Climate Change Secretary Rudd to Join London-listed SPAC

Sky News reported that Amber Rudd, who served as secretary of state for energy and climate change between May 2015 and July 2016, is to become an adviser to Energy1, one of a hotly anticipated wave of new UK SPACs.

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