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Author: Kristi Marvin

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Greenrose Acquisition Corp. to Acquire Four Cannabis Companies

Mar 15, 2021 INTEL by Kristi Marvin
Greenrose Acquisition Corp. (NASDAQ:GNRS), has entered into definitive agreements to acquire four cannabis companies (The Platform) for a total initial transaction value of $210 million. The companies are Shango Holdings Inc. (Shango), Futureworks LLC (d/b/a The Health Center), Theraplant, LLC, and True Harvest, LLC. The acquisitions are intended to create a platform to capitalize on
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Empower Ltd. (EMPW) to Combine with Holley in $1.64Bn Deal

Mar 12, 2021 INTEL by Kristi Marvin
Empower Ltd. (NYSE: EMPW) announced this morning that it will combine with auto-systems company Holley at a proforma enterprise value of $1.64 billion, or 10.3x 2021 EBITDA. Founded more than 115 years ago, Bowling Green KY based Holley makes and sells parts, including fuel-injection systems, carburetors, engine products and exhaust systems, for high-performance cars. It
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NewHold Investment Corp. (NHIC) to Combine with Evolv in $1.325Bn Deal

NewHold Investment Corp. (NASDAQ:NHIC) has entered into a definitive agreement to combine with AI touchless security screening company Evolv Technology (“Evolv”), at an enterprise value of $1.325 billion, or its 3.9x 2024E revenue. Evolv’s touchless screening system allows for visitors to pass through screening without breaking stride and continuing the pace of life. The Evolv
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SPAC Opportunity or the Beginning of the End? What’s Going on in the Market?

The crack in the Street that began with 3 of last week’s 29 IPOs trading below issue price has become more like a sinkhole.  Of today’s eight IPOs, only Khosla (KSVA) has managed to remain trading above $10.00.  But not by much at $10.23.  However, if Khosla had only managed to price 3 weeks ago,
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Desktop Metal (DM) Announces Warrant Redemption

Feb 26, 2021 INTEL by Kristi Marvin
Desktop Metal, Inc. (NYSE: DM), which completed their combination with Trine Acquisition Corp. in early December 2020, announced this morning that they will be redeeming their remaining outstanding public SPAC warrants for cash exercise.  However, Desktop Metal notes that 75 percent of their outstanding warrants have already been exercised to-date. So today’s announcement is essentially
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Reinvent Technology Partners (RTP) to Combine with Joby Aviation in $4.6Bn Deal

Feb 24, 2021 INTEL by Kristi Marvin
Reinvent Technology Partners (NYSE: RTP) announced this morning that it had entered into a definitive agreement to combine with electric vertical takeoff and landing (“eVTOL”) company Joby Aviation at an enterprise value of $4.629 billion, which is 2.3x EV/2026E Revenue. Founded in 2009, Santa Cruz, CA based Joby Aviation is a transportation company developing an all-electric
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