Author: Nicholas Alan Clayton

Rice Acquisition Corp. II (RONI) to Combine with NET Power in $1.5Bn Deal

Rice II (NYSE:RONI) has entered into a definitive agreement to combine with clean natural gas producer NET Power at an enterprise value of $1.49 billion. Durham, North Carolina-based NET Power has developed technology to create natural gas-fired plants that capture nearly 100% of their potential CO2 emissions. The combined company is expected to trade on
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Fifth Wall Acquisition Corp. III (FWAC) to Combine with Mobile Infrastructure in $550M Deal

Fifth Wall III (NASDAQ:FWAC) has entered into a definitive agreement to combine with parking asset owner Mobile Infrastructure at a post-money equity value of $550 million. The Cincinnati, Ohio-based company operates a portfolio of parking facilities in and around city centers in 22 markets. The combined company is expected to trade on the NYSE under
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Priveterra Acquisition Corp. (PMGM) to Combine with AEON Biopharma in $201M Deal

Priveterra (NASDAQ:PMGM) has entered into a definitive agreement to combine with drug developer AEON at an enterprise value of $201.8 million. Irvine, California-based AEON is working on an injection-based migraine treatment to compete with Botox for chronic and frequent sufferers. The combined company is expected to trade on the Nasdaq under the symbol “AEON” once
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Newbury Street Acquisition Corporation (NBST) to Combine with Infinite Reality in $1.85Bn Deal

Newbury Street (NBST) has entered into a definitive agreement to combine with metaverse company Infinite Reality at an equity value of $1.85 billion. The Los Angeles-based company provides a media-marketing platform for brands and influencers to reach digital audiences and monetize their fans. The combined company is expected to trade on the Nasdaq once the
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GigCapital5 (GIA) to Combine with QT Imaging in a $219M Deal

GigCapital5 (NYSE:GIA) has entered into a definitive agreement to combine with medical device company QT Imaging at an enterprise value of $219 million. Novato, California-based QT Imaging has developed a less-invasive scanning device for mammograms that it has begun to commercialize in the US, Europe and China. The combined company is expected to trade on
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Better World (BWAC) to Combine with Heritage Distilling Holding Company in $122M Deal

Better World (NASDAQ:BWAC) has entered into a definitive agreement to combine with Heritage Distilling at an enterprise value of $122.2 million. Gig Harbor, Washington-based Heritage produces craft whisky, vodka, rum, gin, and canned cocktails, which it sells primarily through casinos and its owned tasting rooms in the Pacific Northwest. The combined company is expected to
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7GC & Co. Holdings Inc. (VII) to Combine with Banzai in $380M Deal

7GC & Co.  (NASDAQ:VII) has entered into a definitive agreement to combine with video engagement platform Banzai at an enterprise value of $380 million, or 17.3x its revenue in the 12 months ending in September 2022. Bainbridge Island, Washington-based Banzai provides a suite of virtual event management and analytical tools through a software-as-a-surface (SaaS) model.
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EDOC Acquisition Corp. (ADOC) to Combine with Australian Oilseeds in $190M Deal

EDOC Acquisition Corp. (NASDAQ:ADOC) has entered into a definitive agreement to combine with food oil processing company Australian Oilseeds at an enterprise value of $190 million. Australian Oilseeds manufactures food-grade, edible oils through several subsidiaries. Transaction Overview EDOC has an estimated $21.3 million in its current trust after seeing about 77.5% redemptions in extension votes.
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Golden Falcon Acquisition Corp. (GFX) to Combine with MNG Airlines in $676M Deal

Golden Falcon (NYSE:GFX) has entered into a definitive agreement to combine with freight aviation company MNG Airlines at an enterprise value of $676 million, or 5.8x its LTM adjusted EBITDA. Istanbul-based MNG Airlines operates air freight services to four continents with a fleet of nine jets. The combined company is expected to trade on the
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Roth CH Acquisition IV Co. (ROCG) to Combine with Tigo Energy

Roth CH Acquisition IV Co. (NASDAQ:ROCG) has entered into a definitive agreement to combine with renewable energy equipment-maker Tigo for pre-money equity consideration of $600 million. Campbell, California-based Tigo manufacturers components that optimize and enhance safety for solar panel arrays, with installations on seven continents The combined company is expected to trade on the Nasdaq
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Ares Acquisition Corporation (AAC) to Combine with X-energy in $2.2Bn Deal

Ares Acquisition Corporation (NYSE:AAC) has entered into a definitive agreement to combine with nuclear power company X-energy at an enterprise value of $2.2 billion.

Rockville, Maryland-based X-energy has developed small modular nuclear reactor technology designed to provide nuclear plants for projects ranging from individual industrial sites to regional utilities.

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TG Venture Acquisition Corp. (TGVC) to Combine with The Flexi Group in $205M Deal

TG Venture (NASDAQ:TGVC) has entered into a definitive agreement to combine with Asia-Pacific coworking space operator The Flexi Group at an enterprise value of $205 million. The Flexi Group is one of the region’s largest flexible workspace operators with 45 locations in 12 cities and 9 countries including Australia, Singapore, Malaysia, Hong Kong, Thailand, Philippines,
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Iris Acquisition Corp (IRAA) to Combine with Liminatus Pharma in $334M Deal

Iris Acquisition Corp. (NASDAQ:IRAA) has entered into a definitive agreement to combine with biotech firm Liminatus at an enterprise value of $334 million. La Palma, California-based Liminatus is a clinical-stage drug developer working on a range of cancer treatments utilizing both preventative vaccines and CAR-T therapies. The combined company is expected to trade on the
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SPAC Lock-Up Expirations to Watch in December

The companies and sponsors of six SPAC deals are set to see their lock-ups expire before the end of the year. This is a relatively small monthly total as the wave of deals from 2020 and 2021 are still hitting this milestone. The list nonetheless includes some major names starting with Forafric (NASDAQ:AFRI), which is
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Lakeshore Acquisition I Corp. (LAAA) Adds $8.2M to PIPE

Lakeshore Acquisition I Corp. (NASDAQ:LAAA) announced in an 8-K filing this morning that it has added $8.2 million in additional financing to its deal with medical device company ProSomnus.

The investment comes in exchange for 820,000 shares, but investors will also receive 619,932 additional shares so that they are effectively buying in at $5.69 per share.

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