Author: Nicholas Alan Clayton

Home Plate Acquisition Corporation (HPLT) to Combine with Heidmar in $214M Deal

Home Plate (NASDAQ:HPLT) has entered into a definitive agreement to combine with shipping company Heidmar at an anticipated enterprise value of $214.4 million, or 7.2x its 2023E EBITDA. Athens-based Heidmar operates an asset-light shipbroking network providing access to a pool of 60 fuel tanker and dry bulk ships. The combined company is expected to trade
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HCM Acquisition Corp (HCMA) to Combine with Murano in $810M Deal

HCM Acquisition Corp. (NASDAQ:HCMA) has entered into a definitive agreement to combine with luxury property developer Murano at an enterprise value of $810 million. Mexico City-based Murano develops resorts and condos in Central and South America with two assets in its current portfolio and four under development. The combined company is expected to trade on
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Worldwide Webb Acquisition Corp. (WWAC) to Combine with Aeries Technology in $656M Deal

Worldwide Webb (NASDAQ:WWAC)  has entered into a definitive agreement to combine with consultancy firm Aeries Technology in a deal expected to result in it achieving $656 million in equity value at close. Mumbai-based Aeries provides outsourcing and offshoring business services for companies, frequently in tandem with private equity partners. Transaction Overview Worldwide Webb has about
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BYTE Acquisition Corp. (BYTS) Signs $290M LOI with Airship AI

BYTE Acquisition Corp. (NYSE:BYTS) has inked a non-binding letter of intent to combine with public safety technology firm Airship AI that would give the company an enterprise value of $290 million. The SPAC is heading into a vote to extend its transaction deadline on March 16. This would move its deadline from March 23 to
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JATT Acquisition Corp. (JATT) Expands FPA for Zura Bio Deal

JATT (NYSE:JATT) announced in an 8-K this morning that it will now issue 2,500,000 new shares to its FPA investors following the close of its business combination with Zura Bio.

FPA investors Athanor Master Fund and affiliates already agreed to expand their FPA purchases last month to 3,000,000 shares at $10 per share and provide a binding redemption backstop of $15 million covering any redemptions in excess of 90%.

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Apeiron Capital Investment Corp. (APNC) to Combine with GIO World Health in $250M Deal

Apeiron (OTC:APNC) has entered into a definitive agreement to combine with biotech firm GIO World Health at a pre-money enterprise value of $250 million. The San Diego-based company is developing stem cell-based therapies in the US and Europe with an eye to applying these to anti-aging products. The deal is expected to be completed in
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The Growth for Good Acquisition Corporation (GFGD) to Combine with ZeroNox in $306M Deal

The Growth for Good Acquisition Corporation (NASDAQ:GFGD) has entered into a definitive agreement to combine with off-highway EV-maker ZeroNox at an enterprise value of $306 million, or 28.8x its 2022 revenue. Porterville, California-based ZeroNox manufactures electric drivetrains for a wide range of off-highway vehicles like golf carts, forklifts and all-terrain vehicles. The combined company is expected
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Churchill Capital Corp V (CCV) Reveals LOI Target as Sustainable Living Innovations

Churchill Capital Corp V (NYSE:CCV) this morning revealed that the letter of intent it has had pending for the past three months is with proptech firm Sustainable Living Innovations.

Sustainable Living produces panelized building systems for multifamily homes that are manufactured at its 91,000-square-foot Tacoma, Washington facility.

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The Latest Non-Redemption Agreements: March 6, 2023

Latest Non-Redemption Agreements: Inception Growth, Vector II


Inception Growth Acquisition (IGTA) Inks Non-Redemption Agreement

Inception Growth (NASDAQ:NSTC) entered into a non-redemption agreement with investors securing 400,000 shares that will not be redeemed in connection with the special meeting to extend its transaction deadline by six months from March 13 to September 13.

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Kernel Group Holdings (KRNL) to Combine with AIRO in $847M Deal

Kernel Group (NASDAQ:KRNL) has entered into a definitive agreement to combine with air mobility company AIRO Group at an equity value of $847 million, or about 19.7x its 2023E revenue. AIRO operates a series of aviation brands and aims to be a broad-based aerospace and defense player once its divisions reach full commercialization with a
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Plum Acquisition Corp. I (PLMI) to Combine with Sakuu in $705M Deal

Plum I (NASDAQ:PLMI) has entered into a definitive agreement to combine with additive manufacturing battery company Sakuu at an enterprise value of $705 million. Silicon Valley-based Sakuu makes solid-state and lithium metal batteries for complex active devices using proprietary additive manufacturing processes. The combined company is expected to be listed under the symbol “SAKU” once
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