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Malacca Straits Acquisition Company (MLAC) to Combine with Indiev in $600M Deal

Sep 27, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Malacca Straits (NASDAQ:MLAC) has entered into a definitive agreement to combine with EV-maker Indiev for equity consideration worth $600 million. Los Angeles-based Indiev is developing two electric vehicle models set to hit the market in 2023. Transaction Overview Malacca Straits brings an estimated $48.6 million into the deal from its current trust and Indiev founder
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KINS Technology Group (KINZ) to Combine with Inpixon in $69M Deal

Sep 26, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

KINS (NASDAQ:KINZ) has entered into a definitive agreement to combine with workplace experience company Inpixon’s (NASDQ:INPX) CXApp application for $69 million in stock. Palo Alto-based CXApp provides digital workplace and event management tools, helping users book rooms and venues as well as interact with spaces via AR/VR solutions. The combined company is expected to trade
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Decarbonization Plus IV (DCRD) to Combine with Hammerhead Resources in $1Bn Deal

Sep 26, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Decarbonization Plus IV (NASDAQ:DCRD) has entered into a definitive agreement to combine with energy company Hammerhead Resources at an enterprise value of C$1.39 billion ($1.15 billion), or 3.7x to 3.2x its 2022E EBITDA. Calgary, Canada-based Hammerhead produces natural gas and oil from the Montney basin. The combined company is expected to trade on the Nasdaq
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Cohn Robbins Holdings (CRHC) Terminates Allwyn Deal

Sep 26, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Cohn Robbins (NYSE:CRHC) announced over the weekend that it has jointly terminated its $9.3 billion combination with lottery operator Allwyn.

The move comes at the very end of the process for Cohn, whose shareholders approved the transaction on September 7.

Silver Spike II (SPKB) to Receive Shares from Terminated Eleusis Deal

Sep 26, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Silver Spike Acquisition Corp. II (NASDAQ:SPKB) announced in an 8-K filing this morning that it would be receiving shares as compensation for the termination of its merger agreement with biopharmaceutical firm Eleusis.

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The Latest SPAC News and Rumors: September 22, 2022

Sep 22, 2022 INTEL, SPACs in the News by Nicholas Alan Clayton

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Digital World receives push-back in PIPE investor talks; Plaintiff lawyers increase focus on SPAC suits; Xos expands mobile EV-charger offerings

Trump-linked SPAC faces new pressure from PIPE investors as merger hangs in the balance

The Financial Times reported Tuesday that DWAC Chief Executive Patrick Orlando is negotiating with investors who said they would back the company through a private investment in public equity, or PIPE, deal.

IG Acquisition Corp. (IGAC) to Combine with PlayUp in $399M Deal

Sep 22, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

IG Acquisition Corp. (NASDAQ:IGAC) has entered into a definitive agreement to combine with mobile gaming platform PlayUp at an enterprise value of $399.7 million, or 10.9x its 2022E gross revenue.

Sydney, Australia-based PlayUp is a mobile and online betting and fantasy sports platform currently expanding into the US market.

Avalon Acquisition Inc. (AVAC) to Combine with The Beneficient Company in $3.5Bn Deal

Sep 21, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Avalon (NASDAQ:AVAC) has entered into a definitive agreement to combine with financial services firm The Beneficient Company Group, or Ben, at an enterprise value of about $3.5 billion.

The Dallas-based company provides customers options to exit alternative investments early via structures designed for high-net-worth individuals and small institutions.

FoxWayne Enterprises Acquisition Corp. (FOXW) to Combine with Clover in $157M Deal

Sep 20, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

FoxWayne (NASDAQ:FOXW) has entered into a definitive agreement to combine with dating app developer Clover for $157.45 million in share consideration. Toronto-based Clover runs a dating app aimed at Gen Z and millennials with live streaming and other social features. Transaction Overview FoxWayne brings about $13.7 million in cash into the deal from its current
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Social Capital Hedosophia Holdings IV (IPOD) and VI (IPOF) to Liquidate

Sep 20, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Social Capital IV (NYSE:IPOD) and Social Capital VI (NYSE:IPOF) each announced in 8-K filings this morning that they intend to not complete business combinations and will instead liquidate their trusts on October 17.

Getty Images (GETY) Calls All Outstanding Warrants

Sep 19, 2022 INTEL, SPACs in the News by Nicholas Alan Clayton

Getty (NYSE:GETY) announced this morning that it will redeem all outstanding warrants for $0.01 per warrant at 5 p.m. on October 19.

This move is not being accompanied by a warrant exchange offer because of just how hot the de-SPAC has been trading over the past month.

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Roth CH Acquisition IV Co. (ROCG) Ends Exclusivity with LOI Target

Sep 19, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Roth CH IV (NASDAQ:ROCG) announced in an 8-K this morning that its letter of intent (LOI) to combine with a target company is no longer exclusive.

The SPAC noted that negotiations for the deal remain ongoing, but both parties may seek out other transactions.

Inflection Point Acquisition Corp. (IPAX) to Combine with Intuitive Machines in $815M Deal

Sep 16, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Inflection Point (NASDAQ:IPAX) has entered into a definitive agreement to combine with space services company Intuitive Machines at an enterprise value of $815 million, or 2.8x its 2023E revenue.

Houston, Texas-based Intuitive Machines has designed a moon lander for future NASA missions as well as other aerospace products.

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Top 3 SPAC Targets – Energy Infrastructure

Sep 16, 2022 Headline Post, INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies operating or building out energy infrastructure. We look at why they are compelling and why each could be a fit for a blank-check merger.

TPB Acquisition Corporation I (TPBA) to Combine with Lavoro in $1.2Bn Deal

Sep 15, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

TPB Acquisition Corp I (NASDAQ:TPBA) has entered into a definitive agreement to combine with agritech business Lavoro, at an enterprise value of $1.22 billion, or 7.1x its 2022E EBITDA.

Sao Paulo, Brazil-based Lavoro is a diversified omnichannel seller of agricultural inputs in Brazil and the Latin American region more broadly.

Altus Power (AMPS) Calls All Outstanding Warrants

Sep 15, 2022 INTEL by Nicholas Alan Clayton

Altus Power (NYSE:AMPS) announced this morning that it will redeem all public and private placement warrants at $0.10 per warrant and all must be exchanged by October 14 at 5 pm ET.

Delwinds Insurance (DWIN) Shareholders Approve FOXO Deal

Sep 15, 2022 De-SPAC Votes and Redemptions, INTEL by Nicholas Alan Clayton

Delwinds Insurance (NYSE:DWIN) announced in an 8-K this morning that its shareholders approved its combination with insurtech firm FOXO at a special meeting September 14.

The SPAC had already tipped on Tuesday that 99.5% of its shares were redeemed in connection with the vote.

Maxpro Capital Acquisition Corp. (JMAC) to Combine with Apollomics

Sep 14, 2022 Deal Announcements & Amendments, INTEL by Nicholas Alan Clayton

Maxpro Capital (NASDAQ:JMAC) has entered into a definitive agreement to combine with biopharmaceutical firm Apollomics at a pre-money equity value of $899 million. Foster City, California-based is developing a line of drug candidates to treat rare cancers with clinical processes nearing completion in both the US and Chinese treatment markets. The combined company is expected
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Kensington Capital IV (KCA.U) Shareholders Approve Amprius Deal

Sep 14, 2022 De-SPAC Votes and Redemptions, INTEL by Nicholas Alan Clayton

Kensington Capital Acquisition Corp. IV (NYSE:KCAC) announced in an 8-K this morning that its shareholders have approved its combination with battery-maker Amprius with better-than-average redemptions.

At a special meeting September 13, Kensington IV shareholders voted to approve the deal with about 71.8% redeeming shares in connection with the vote.

Delwinds Insurance (DWIN) Pre-Announces Redemptions, Listing Change

Sep 13, 2022 De-SPAC Votes and Redemptions, INTEL by Nicholas Alan Clayton

Delwinds Insurance (NYSE:DWIN) announced this morning that it has received requests to redeem 99.5% of its shares and it is transferring its listing to the NYSE American exchange.

The SPAC noted that it had received requests for to redeem 10,991,407 as of its redemption deadline at 5:00 pm September 12.

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