EG Acquisition Corp. (EGGF.U) Prices Downsized $225M IPO

May 26, 2021 IPOs by Nicholas Alan Clayton

EG Acquisition Corp. announced the pricing of its downsized $225 million IPO and its units are expected to begin trading on the NYSE under the symbol “EGGF.U” Wednesday, May 26.

The new SPAC aims to combine with a compelling asset that has a talented management team poised for growth.

Foresight Acquisition Corp. (FORE) to Combine with P3 Health Partners in $2.3Bn Deal

May 25, 2021 INTEL by Nicholas Alan Clayton

Foresight (NASDAQ:FORE) has entered into a definitive agreement to combine with healthcare provider P3 at an enterprise value of $2.29 billion, or 2.8x its 2022E revenue. The Nevada-based company provides care to patients in four states through the Medicare Advantage program. The combined company is expected to trade on the Nasdaq upon the deal’s completion
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PTK Acquisition Corp. (PTK) to Combine with Valens in $894M Deal

May 25, 2021 INTEL by Nicholas Alan Clayton

PTK (NYSE:PTK) has entered into a definitive combination agreement with Israel-based semiconductor-maker Valens at an enterprise value of $894 million, or 7.4x its 2023E revenue. Valens produces semiconductors for consumer and commercial electronics, and it is transitioning to provide solutions to the automotive industry. The combined company is expected to trade on the NYSE under
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Big Rock Partners Acquisition Corp. (BRPA) Completes NeuroRx Deal

May 25, 2021 INTEL by Nicholas Alan Clayton

Big Rock Partners Acquisition Corp. (NASDAQ:BRPA) announced that it has completed its business combination with with drug developer NeuroRx. The combined company will now be renamed NRx Pharmaceuticals and will begin trading shortly on the Nasdaq under the ticker symbol “NRXP”. This marks the end of a long journey for Big Rock, which began its
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Top 3 SPAC Targets – Inflation Beaters

May 21, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributors Matt Cianci, Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among inflation-resilient companies. We look at why they are compelling and why each could be a fit for a blank-check merger.

With Roivant, Montes Archimedes May Have First SPAC-on-SPAC Deal

May 19, 2021 INTEL by Nicholas Alan Clayton

Montes Archimedes (NASDAQ:MAAC) announced its $5 billion business combination with Roivant Sciences on May 3, but some language in its 94-slide presentation has turned some heads two weeks after the fact with the realization that it sets up a potentially unprecedented SPAC situation. On slide 34, Roivant noted that it plans to enter into discussions
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Angel Pond Holdings Corporation (POND.U) Prices Downsized $250M IPO

May 18, 2021 IPOs by Nicholas Alan Clayton

Angel Pond Holdings Corp. announced the pricing of its downsized $250 million IPO and its units are expected to begin trading on the NYSE under the symbol “POND.U” Tuesday, May 18.

Seaport Global Acquisition Corp. (SGAM) to Combine with Redbox in $693M Deal

May 17, 2021 INTEL by Nicholas Alan Clayton

Seaport Global (NASDAQ:SGAM) has entered into a definitive agreement to combine with home entertainment provider Redbox at an enterprise value of $693 million, or 3.6x its 2022E EBITDA. Redbox provides movie rentals through about 40,000 kiosks at retail locations and also offers streaming TV and movie options on its digital platform. The combined company is
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Eric’s Top SPAC Targets – Music Catalogs

May 14, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributor Eric Weidemann this week compiled his three favorite potential SPAC targets holding valuable music copyright catalogs. We look at why they are compelling and why each could be a fit for a blank-check merger.

Stable Road Acquisition Corp. (SRAC) Secures Deadline Extension

May 13, 2021 INTEL by Nicholas Alan Clayton

Stable Road Acquisition Corp. (NASDAQ:SRAC) has secured an extension of its transaction deadline as it works to complete its combination with commercial space company Momentus. Shareholders voted to extend the deadline from May 14 to August 13 at a special meeting earlier today. An earlier meeting to extend the deadline on May 6 had to
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Orion Biotech Opportunities Corp. (ORIAU) Prices $200M IPO

May 13, 2021 IPOs by Nicholas Alan Clayton

Orion Biotech Opportunities Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIAU” Thursday, May 13.

The new SPAC aims to combine with a North American, European or Asian healthcare company with a biotech focus.

Switchback II Corporation (SWBK) to Combine with Bird in $2.3Bn Deal

May 12, 2021 INTEL by Nicholas Alan Clayton

Switchback II (NYSE:SWBK) has entered into a definitive agreement to combine with scooter-share provider Bird at an enterprise value of $2.3 billion, or 2.8x its 2023E revenue. Bird provides short-term scooter rentals for single trips as a mobility option around about 200 urban centers in the Americas, Europe, Israel and New Zealand. The combined company
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Aurora Acquisition Corp. (AURC) to Combine with Better in $6.7Bn Deal

May 11, 2021 INTEL by Nicholas Alan Clayton

Aurora (NASDAQ:AURC) has entered into a definitive agreement to combine with proptech firm Better at an enterprise value of $6.7 billion, or 2.5x its 2022E revenue. New York City-based Better provides a slate of homebuying services connecting consumers with lenders, insurers and realtors. The combined company is expected to trade on the Nasdaq upon the
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Austerlitz Acquisition Corporation I (AUS.U) to Combine with Wynn Interactive in $3.2Bn Deal

May 10, 2021 INTEL by Nicholas Alan Clayton

Austerlitz I (NYSE:AUS.U) has entered into a definitive agreement to combine with online gaming company Wynn Interactive at an enterprise value of $3.16 billion, or 4.5x its 2023E revenue. The Las Vegas-based company is a subsidiary of Wynn Resorts (NASDAQ:WYNN) and provides online casino and sports betting offerings to US and UK gamers under the
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Star Peak Corp II (STPC) to Combine with Benson Hill in $1.35Bn Deal

May 10, 2021 INTEL by Nicholas Alan Clayton

Star Peak II (NYSE:STPC) has entered into a definitive agreement to combine with food technology company Benson Hill at an enterprise value of $1.35 billion, or 10.6x its 2021E revenue. St. Louis, Missouri-based Benson Hill develops enhanced crops to produce plant-based protein food ingredients and sells fresh produce to grocery networks like Kroger (NYSE:KR) and
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LifeSci Acquisition II Corp. (LSAQ) to Combine with Science 37 in $1Bn Deal

May 7, 2021 INTEL by Nicholas Alan Clayton

LifeSci II (NASDAQ:LSAQ) has entered into a definitive agreement to combine with software firm Science 37 at an enterprise value of $1.05 billion, or 5.8x its 2023E revenue. Los Angeles-based Science 37 provides a software platform that helps organize and accelerate clinical trials by biotech researchers and pharmaceutical companies. The combined entity is expected to
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Live Oak Acquisition Corp. II (LOKB) to Combine with Navitas Semiconductor in $1Bn Deal

May 7, 2021 INTEL by Nicholas Alan Clayton

Live Oak II (NYSE: LOKB) has entered into a definitive agreement to combine with advanced charging electronics-maker Navitas at an enterprise value of $1.036 billion, or 5.7x its 2023E revenue. California-based Navitas produces gallium nitride semiconductors that enable faster and more compact power supply and charging to an array of consumer and industrial electronics sectors.
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Top 3 SPAC Targets – Asia Fintech

May 7, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributors Matt Cianci and Anthony Sozzi this week compiled their three favorite potential SPAC targets in the Asian fintech sector. We look at why they are compelling and why each could be a fit for a blank-check merger.

Experience Investment Corp. (EXPC) Shareholders Approve Blade Deal

May 5, 2021 INTEL by Nicholas Alan Clayton

Experience Investment Corp. (NASDAQ:EXPC) announced that its shareholders have approved its combination with Blade while redeeming a small amount of shares for cash. The parties’ press release did not give an exact figure for the number of shares redeemed, but noted that the deal will now bring $365 million in gross proceeds to Blade including
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SPAC IPOs Are Back, But Are They?

May 5, 2021 INTEL by Nicholas Alan Clayton

The pace of SPAC IPOs has loosened up from the screeching halt it experienced in early April with five listings since last Thursday and two to three potentially on the docket through the end of the week. That compares with just 10 IPOs from in the first four weeks of April (April 1 through April
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Author: Nicholas Alan Clayton