Author: Nicholas Alan Clayton

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Vesper Healthcare Acquisition Corp. (VSPR) Completes HydraFacial Deal

Vesper Healthcare Acquisition Corporation (NASDAQ:VSPR) announced this morning it has completed its business combination with HydraFacial following a special meeting last week that saw low levels of share redemptions. About 78.9% of Vesper’s shares took part in the meeting, and the transaction was overwhelmingly approved. Shareholders redeemed 2,672,690 shares for cash, removing an estimated $26.7
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IPO-Pricing

Montes Archimedes Acquisition Corp (MAAC) to Combine with Roivant Sciences in $5Bn Deal

Montes Archimedes (NASDAQ:MAAC) has entered into a definitive agreement to combine with biotech firm Roivant Sciences at an enterprise value of $5 billion. Basel, Switzerland-based Roivant develops an array of drug candidates acquired from peers or internally developed with its enhanced computing platform. The combined company is expected to trade on the Nasdaq under the
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IPO-Pricing

Galileo Acquisition Corp. (GLEO) to Combine with Shapeways in $410M Deal

Galileo (NYSE:GLEO) has entered into a definitive agreement to combine with digital manufacturing firm Shapeways at an enterprise value of $410 million, or 4.8x its 2022E revenue. Shapeways provides a software platform for designers to have digitally-designed parts or products optimized and manufactured out of its Long Island City, NY facilities. The combined company is
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Star Peak Energy Transition Corp. (STPK) Shareholders Approve Stem Deal

Star Peak Energy Transition (NYSE:STPK) announced in an 8-K filing that its shareholders approved its business combination with energy storage company Stem with minimal shares redeemed earlier today.

About 59.6% of Star Peak shares participated in the vote at a special meeting and overwhelmingly approved the business combination and other governance proposals on the ballot.

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Blue Water Acquisition Corporation (BLUW) to Combine with Clarus in $216M Deal

Blue Water (NASDAQ:BLUW) has entered into a definitive agreement to combine with pharmaceutical firm Clarus Therapeutics at an enterprise value of $215.9 million. Clarus provides testosterone replacement therapy (TRT) drugs in an oral pill form under the JATENZO brand and is developing other androgen and metabolic therapies. The combined company is expected to trade on
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Alberton Acquisition Corporation (ALAC) Extends Transaction Deadline

Alberton Acquisition Corporation (NYSE:NGA) announced that its shareholders approved an extension of its transaction deadline to October 26, but approximately 9.6% of shareholders opted to redeem shares in connection with the vote. Shareholders voting at Alberton’s special meeting April 23 redeemed a total of 135,069 shares removing an estimated $1.48 million from its trust. Redemptions
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Sports Entertainment Acquisition Corp. (SEAH) to Combine with Super Group in $4.6Bn Deal

Sports Entertainment (NYSE:SEAH) has entered into a definitive agreement to combine with Super Group at an enterprise value of $4.64 billion, or 13.3x its 2021E EBITDA. UK-based Super Group provides online sports betting through its Betway brand and an online casinos under the Spin brand with 2.5 million monthly active customers. The combined company is
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RUMORS
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Northern Genesis Acquisition Corp. (NGA) Shareholders Approve Lion Electric Deal

Northern Genesis (NYSE:NGA) announced that its shareholders approved its business combination with EV-maker Lion Electric at its special meeting held earlier today.

The business combination will now be completed shortly, however the parties have opted to wait until Northern Genesis has had the opportunity to file an amended 10-K, re-stating its warrants as derivative liabilities in response to recent SEC comments.

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Vivid Seats

Horizon Acquisition Corporation (HZAC) to Combine with Vivid Seats in $2Bn Deal

Horizon (NYSE:HZAC) has entered into a definitive agreement to combine with ticket marketplace Vivid Seats at an enterprise value of $2.059 billion, or 4.5x its 2022E revenue. Chicago-based Vivid provides a marketplace for the $39 billion concert, theatre and sporting event ticket market. Transaction Overview Horizon is funding the deal with about $544 million in
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Roman DBDR Tech Acquisition Corp. (DBDR) to Combine with CompoSecure in $1.2Bn Deal

Roman DBDR (NASDAQ:DBDR) has entered into a definitive agreement to combine with cryptocurrency storage and payments provider CompoSecure at an enterprise value of $1.2 billion, or 10.3x its 2020 adjusted EBITDA. New Jersey-based CompoSecure provides metal credit cards to banks and payments processors and, in 2021, it is rolling out a proprietary crypto payments and
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RUMORS

Friday Rumor Roundup: SPACs Getting Back into Ads

Although IPO flow has slowed as teams consider adjustments based on the SEC’s recent statement on warrants, the flow of chatter out of deal-making circles is still on full blast. We have assembled the latest rumored deals for your weekend reading: Simplifi D and Z Media Acquisition Corp. (NYSE:DNZ) is reportedly in talks to merge
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Consonance-HFW Acquisition Corp. (CHFW) to Combine with Surrozen in $203M Deal

Consonance-HFW (NYSE:CHFW) has entered into a definitive agreement to combine with biotech firm Surrozen at an enterprise value of $203.3 million. San Francisco-based Surrozen is developing preclinical drugs to combat bowel and liver disorders using therapies targeting Wnt-pathways. The combined company is expected to list on the Nasdaq under the symbol “SRZN” once the deal
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