Isos Acquisition Corporation (ISOS) to Combine with Bowlero in $2.6Bn Deal

Jul 1, 2021 INTEL by Nicholas Alan Clayton

Isos (NYSE:ISOS) has entered into a definitive agreement to combine with bowling center operator Bowlero at an enterprise value of $2.6 billion, or 9.5x its 2022E EBITDA. New York-based Bowlero is the world’s largest owner and operator of bowling centers with 321 in its portfolio and it also runs bowling media and digital gaming properties.
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Apex Technology Acquisition Corp. (APXT) Shareholders Approve AvePoint Deal

Jul 1, 2021 INTEL by Nicholas Alan Clayton

Apex Technology Acquisition Corp. (NYSE:APXT) announced in an 8-K filing its shareholders approved its combination with data management software company AvePoint.

Importantly, just 17,372 shares were redeemed in connection with the vote, removing an insignificant amount from its trust.

Holicity, Inc. (HOL) Completes Astra Deal

Jun 30, 2021 INTEL by Nicholas Alan Clayton

Holicity, Inc. (NASDAQ:HOL) announced that it has completed its combination with space venture Astra and following a shareholder approval vote earlier today.

In a subsequent 8-K filing, Holicity noted that just 10,981 shares were redeemed in connection with the vote, removing a negligible sum from its $200 million trust.

Thayer Ventures Acquisition Corp. (TVAC) to Combine with Inspirato in $1.1Bn Deal

Jun 30, 2021 INTEL by Nicholas Alan Clayton

Thayer Ventures (NASDSAQ:TVAC) has entered into a definitive agreement to combine with luxury travel service Inspirato at an enterprise value of $1.1 billion, or 3x its 2022E revenue. Denver-based Inspirato offers stays at an array of luxury hospitality destinations via a monthly subscription pass for $2,500, with a lower cost option of $600 per month,
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Shelter Acquisition Corporation I (SHQAU) Prices $200M IPO

Jun 30, 2021 IPOs by Nicholas Alan Clayton

Shelter Acquisition Corporation I announced the pricing of its $200M IPO and its units are expected to begin trading on the Nasdaq under the symbol “SHQAU” Wednesday, June 30.

The new SPAC aims to combine with a proptech target that leverages disruptive technology to enact positive change in the real estate ecosystem.

Trebia Acquisition Corp. (TREB) to Combine with System1 in $1.4Bn Deal

Jun 29, 2021 INTEL by Nicholas Alan Clayton

Trebia (NYSE:TREB) has entered into a definitive agreement to combine with marketing platform System1 and Protected.net at an enterprise value of $1.4 billion, or 11.9x its 2021E adjusted EBITDA. Los Angeles-based System1 connects advertisers with internet users through a portfolio of websites and AI-powered marketing tools. The combined company is expected to trade on the
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FS Development Corp. II (FSII) to Combine with Pardes Biosciences in $657M Deal

Jun 29, 2021 INTEL by Nicholas Alan Clayton

FS II (NASDAQ:FSII) has entered into a definitive agreement to combine with biotech researcher Pardes at an equity value of $657 million. California-based Pardes is developing two pre-clinical drug candidates that have potential treatment applications against COVID-19. The combined company is expected to trade on the Nasdaq under the symbol “PRDS” once the deal closes
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DFP Healthcare Acquisitions Corp. (DFPH) to Combine with The Oncology Institute in $842M Deal

Jun 28, 2021 INTEL by Nicholas Alan Clayton

DFP Healthcare (NASDAQ:DFPH) has entered into a definitive agreement to combine with community-based clinic operator The Oncology Institute at an enterprise value of $842 million, or 2.4x its 2022E revenue. The Cerritos, California-based company serves about 1.3 million patients through value-based contracts at 50 clinics in California, Arizona, Nevada, and Florida. The Oncology Institute will
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Top 3 SPAC Targets – Hospitality

Jun 25, 2021 INTEL by Nicholas Alan Clayton

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

890 5th Avenue Partners (ENFAU) to Combine with Buzzfeed in $1.5Bn Deal

Jun 24, 2021 INTEL by Nicholas Alan Clayton

890 5th Avenue (NASDAQ:ENFAU) has entered into a definitive agreement to combine with online media outlet BuzzFeed at an enterprise value of $1.5 billion, or 26.8x its 2021E EBITDA. New York-based BuzzFeed operates a range of news and entertainment content brands including the recently acquired HuffPost and will further acquire youth content engagement company Complex
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ION Acquisition Corp. 2 Ltd. (IACB) to Combine with Innovid in $1.1Bn Deal

Jun 24, 2021 INTEL by Nicholas Alan Clayton

ION 2 (NYSE:IACB) has entered into a definitive agreement to combine with ad delivery platform Innovid at an enterprise value of $1.1 billion, or 8.5x its 2022E revenue. New York-based Innovid is an omnichannel advertising and analytics platform placing video marketing on streaming and social media services. The combined company is expected to trade on
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Northern Genesis Acquisition Corp. II (NGAB) to Combine with Embark Trucks in $4.5Bn Deal

Jun 23, 2021 INTEL by Nicholas Alan Clayton

Northern Genesis II (NYSE:NGAB) has entered into a definitive agreement to combine with trucking technology firm Embark at an enterprise value of $4.55 billion, or 1.6x its 2025E revenue. Embark is developing software that may enable heavy trucks to drive autonomously on the long highway portions of their journeys between cities. The combined company is
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CITIC Capital Acquisition Corp. (CCAC) to Combine with Quanergy in $1.1Bn Deal

Jun 22, 2021 INTEL by Nicholas Alan Clayton

CITIC (NYSE:CCAC) has entered into a definitive agreement to combine with lidar-maker Quanergy at an enterprise value of $1.07 billion, or 2x its 2025E revenue. Sunnyvale, California-based Quanergy is developing next-generation lidar arrays for the automotive and industrial automation space to be used for both navigation and imaging purposes. The combined company is expected to
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DD3 Acquisition Corp. II (DDMX) to Combine with Codere Online in $353M Deal

Jun 22, 2021 INTEL by Nicholas Alan Clayton

DD3 II (NASDAQ:DDMX) has entered into a definitive agreement to combine with gaming platform Codere Online at an enterprise value of $353 million, 2.3x its 2022E revenue. Madrid-based Codere Online is the internet division of the Codere Group (MD:CDRE), which operates physical casinos in Spain, Italy, Mexico, Colombia and Panama. Codere Online offers sports betting
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Pershing Square Tontine (PSTH) Makes Universal Music and SPARC Moves Official

Jun 21, 2021 INTEL by Nicholas Alan Clayton

Pershing Square Tontine Holdings (NYSE:PSTH) announced Sunday that it has entered into a definitive agreement with Vivendi (PA:VIV) to acquire 10% of Universal Music Group (UMG). The announcement also makes official the SPAC’s two other transactions – initially announced June 4 – that it would leave a publicly-listed RemainCo to seek out a separate deal
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Leo Holdings III Corp. (LIII) to Combine with Local Bounti in $757M Deal

Jun 18, 2021 INTEL by Nicholas Alan Clayton

Leo III (NYSE:LIII) has entered into a definitive agreement to combine with indoor agriculture company Local Bounti at an enterprise value of $757 million, or 1.6x its 2025E revenue. Hamilton, Montana-based Local Bounti sells leafy greens out of indoor farms designed with technology to achieve record harvest turnarounds and 90% less land and water. The
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Top 3 SPAC Targets – Post-Pandemic Travel

Jun 18, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in the sphere of travel. We look at why they are compelling and why each could be a fit for a blank-check merger.

GS Acquisitions Holdings Corp II (GSAH) to Combine with Mirion Technologies in $2.6Bn Deal

Jun 17, 2021 INTEL by Nicholas Alan Clayton

GS II (NYSE:GSAH) has entered into a definitive agreement to combine with nuclear services and radiology firm Mirion at an enterprise value of $2.56 billion, or 13.3x its 2022E EBITDA. San Ramon, California-based Mirion provides radiation detection equipment and services to sectors ranging from nuclear power generation to defense and nuclear medicine. The combined company
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Roth CH Acquisition III (ROCR) to Combine with QualTek in $829M Deal

Jun 16, 2021 INTEL by Nicholas Alan Clayton

Roth CH III (NASDAQ:ROCR) has entered into a definitive agreement to combine with telecom services QualTek at an enterprise value of $829 million, or 7.8x its 2021E EBITDA. Blue Bell, Pennsylvania-based QualTek builds and services telecom and renewable power infrastructure out of 80 operation centers across the US and Canada with over 5,000 employees. The
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DraftKings (DKNG) Targeted in New Hindenburg Short-Seller Report

Jun 15, 2021 INTEL by Nicholas Alan Clayton

Financial investigations shop Hindenburg Research is nothing if not industrious. Right on the heels of news that both the CEO and CFO of electric vehicle (EV)-maker Lordstown (NASDAQ:RIDE) would be stepping down following an internal investigation prompted by a Hindenburg report, its team struck again, this time with DraftKings in its sights. It claims that
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Author: Nicholas Alan Clayton