SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies with enterprises values of $10 billion or larger. We look at why they are compelling and why each could be a fit for a blank-check merger.
...READ MORE
ACE Convergence Acquisition Corp. (NASDAQ:ACEV) has secured its combination with electronics manufacturer Tempo Automation with $200 million in convertible notes financing announced this morning.
This new money will replace $54 million originally destined for the post-combination company in the form of a senior debt facility and is made up of $175 million from Oaktree Capital Management and $25 million from an ACE Convergence affiliate.
...READ MORE
Poema Global Holdings Corp. (NASDAQ:PPGH) announced this morning that it has added $27.5 million to the PIPE for its combination with e-bike charging network provider Gogoro.
The new investment at $10 per share comes from Gogoro strategic partner Hero MotoCorp and ESG investor Engine No.
...READ MORE
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies set to see demand increase amid the “Great Resignation.” We look at why they are compelling and why each could be a fit for a blank-check merger.
...READ MORE
Merida Merger Corp I (NASDAQ:MCMJ) has brought in $30 million in additional financing to its business combination with cannabis marketplace Leafly but is also pushing back its shareholder vote in hopes this news sinks in.
...READ MORE
EJF Acquisition Corp. (NASDAQ:EJFA) has upsized the PIPE for its combination with Israeli fintech Pagaya from $200 million to $350 million.
New investors in the PIPE include Tiger Global, Whale Rock, Singapore’s sovereign wealth fund, the Healthcare of Ontario Pension Plan, and G Squared.
...READ MORE
Capstar (NYSE:CPSR) announced in an 8-K filing this morning that all but $3.4 million has been removed from its trust via redemptions ahead of its vote to complete its transaction with biotech firm Gelesis.
...READ MORE
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among players in the Big Data space We look at why they are compelling and why each could be a fit for a blank-check merger.
...READ MORE
Benessere (NASDAQ:BENE) has adjourned its extension vote to 10 am ET January 7 as it works to round up votes having failed to achieve sufficient turnout at its original special meeting on January 5.
...READ MORE
CC Neuberger Principal Holdings II (NYSE:PRPB) has added $75 million to its PIPE for its combination with visual content marketplace Getty.
This new funding came at from CC Neuberger II affiliate Multiply Group under the same $10 per share terms as the existing PIPE.
...READ MORE
Li-Cycle (NYSE:LICY) announced this morning that it will redeem all outstanding warrants on January 26, 2022 at a price of $0.10 per warrant.
Warrantholders have until this date to choose to either exercise these 1/2 warrants to purchase shares at $11.50 per share or surrender them on a cashless basis.
...READ MORE
Zanite (NASDAQ:ZNTE) announced this morning in an 8-K that it has added $10 million to the PIPE for its combination with electric vertical take-off and landing vehicle (eVTOL) manufacturer Eve.
The parties agreed to this addition on Christmas Eve, topping off the PIPE to a total of $315 million.
...READ MORE
