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Author: Nicholas Alan Clayton

Integrated Wellness Acquisition Corp (WEL) to Combine with Refreshing USA in $198M Deal

Feb 10, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Integrated Wellness (NYSE:WEL) has entered into a definitive agreement to combine with vending machine operator Refreshing USA at an enterprise value of $197.9 million, or 14x its 2022E EBITDA. The Everett, Washington-based company provides vending machines and micro markets to a variety of office and event spaces in the US. The combined company is expected
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Compute Health Acquisition Corp. (CPUH) to Combine with Allurion in $500M Deal

Feb 9, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Compute Health (NYSE:CPUH) has entered into a definitive agreement to combine with weight-loss medtech firm Allurion at an enterprise value of $500 million, or 7.8x its 2022E revenue. Natick, Massachusetts-based Allurion makes a swallowable balloon that inflates in patients’ stomachs to reduce space for incoming food for weight loss purposes while serving as an IoT
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Pathfinder Acquisition Corp. (PFDR) Shareholders Approve Movella Deal

Feb 9, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

Pathfinder Acquisition Corp. (NASDAQ:PFDR) announced in an 8-K filing that its shareholders approved its combination with motion-capture technology company Movella at a special meeting February 8.

A total of 28,961,090 shares were redeemed in connection with the vote however, removing 89.1% of the SPACs trust and leaving $36.2 million remaining.

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New Vista Acquisition Corp. (NVSA) Postpones Extension Vote

Feb 8, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

New Vista Acquisition Corp. (NASDAQ:NVSA) announced this morning that it is postponing its special meeting to extend its completion deadline from February 10 to 10 am ET February 15.

The SPAC’s sponsor will also now deposit $200,000 into the trust for each monthly extension up to $2.4 million if the full 12 months are required, bringing its new deadline to February 19, 2024.

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Cascadia Acquisition Corp. (CCAI) to Combine with RealWear in $375M Deal

Feb 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Cascadia Acquisition Corp (NASDAQ:CCAI) has entered into a definitive agreement to combine with wearable technology-maker RealWear at an enterprise value of $375.5 million, or 18.3x its 2022 revenue. Vancouver, Washington-based RealWear makes cloud-connected headsets to improve the productivity of manual work with enhanced visualizations and access to viewable software. The combined company is expected to
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AMCI Acquisition Corp. II (AMCI) Adds FPA to LanzaTech Deal

Feb 6, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton

AMCI Acquisition Corp. II (NASDAQ:AMCI) announced in an 8-K this morning that it has signed a new forward purchase agreement (FPA) covering up to two-thirds of its outstanding public shares.

The agreement comes in the form of an over-the-counter equity prepaid forward transaction, under which the investor, ACM ARRT H, will purchase up to 10,000,000 shares previously tendered for redemption before close.

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Pono Capital Two (PTWO) to Combine with SBC Medical Group in $1.2Bn Deal

Feb 1, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
Pono Capital Two (NASDAQ:PTWO) has entered into a definitive agreement to combine with SBC Medical Group at an equity value of $1.2 billion. Tokyo-based SBC Medical operates a diversified medical group that includes clinics for cosmetic beauty procedures in both Japan and the US. Transaction Overview Pono Two has about $117.9 million in its current
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SPAC Lock-Up Expirations to Watch in February 2023

Jan 31, 2023 Headline Post, INTEL by Nicholas Alan Clayton
The shortest month of the year is kicking off this time around with a front-loaded series of lock-up expirations marking 10 de-SPAC’d companies and eight sponsors newly freed to trade their shares in total. Most of these expiration dates are to hit in the first 10 days of the month and three are opening on
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L Catterton Asia Acquisition Corp (LCAA) to Combine with Lotus Technology in $5.4Bn Deal

Jan 31, 2023 Deal Announcements & Amendments, Headline Post, INTEL by Nicholas Alan Clayton
L Catterton Asia (NASDAQ:LCAA) has entered into a definitive agreement to combine with luxury electric vehicle manufacturer Lotus at an enterprise value of $5.4 billion. Wuhan, China-based Lotus Technology develops and sells high-performance sportscars with a new SUV model debuting in early 2023. The combined company is expected to trade on the Nasdaq under the
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