Arya Sciences II (ARYB) to Combine with Cerevel Therapeutics
Arya Sciences Acquisition Corp. II (ARYB), announced this morning that they have entered into a definitive business combination agreement with Cerevel Therapeutics, Inc. (“Cerevel Therapeutics”), a company dedicated to treating neuroscience diseases. This transaction is expected to have an initial market capitalization of approximately $1.3 billion, with an implied enterprise value of $847.4 million. InRead More
Churchill Capital Corp. IV Prices Upsized $1.8 Billion IPO
Churchill Capital Corp. IV (CCIV.U), announced the pricing of their upsized $1.8 billion SPAC IPO this morning and the units are expected to begin trading today, Thursday, July 30th, under the symbol NYSE: CCIV.U.
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Healthcare Merger Corp. to Combine with SOC Telemed
Healthcare Merger Corp. (HCCO), announced this afternoon that they have entered into a definitive agreement to combine with SOC Telemed with an initial enterprise value of approximately $720 million. SOC is a leading provider of acute telemedicine solutions that are used primarily inside hospitals alongside onsite care teams to provide time-sensitive specialty care when patientsRead More
Netfin Acquisition Corp. to Combine with Triterras Fintech Pte Ltd.
Netfin Acquisition Corp. (NFIN), as a follow-up to their previous teaser, announced this morning that they have officially signed a definitive agreement to combine with Triterras Fintech Pte. Ltd., a trade and trade finance fintech company founded in 2012. However, what’s interesting about this combination annoucement is that (per today’s press release) post-teaser announcement onRead More
RedBall Acquisition Corp. Files for $500M IPO
From the movie MoneyBall… Peter Brand: “Your goal shouldn’t be to buy players. Your goal should be to buy wins. In order buy wins, you need to buy runs.” RedBall Acquisition Corp. (RBAC.U), filed for a $500 million IPO yesterday morning with a focus on businesses in the sports, media and data analytics sectors, withRead More
Nasdaq Defers SPAC Initial Listing Fees During First Year of Listing
Carol Anne Huff, is back again with an update on Nasdaq listing fees. The SPAC market is competitive and that applies to exchange listing fees too. Read below for more info. Nasdaq Defers SPAC Initial Listing Fees During First Year of Listing By: Carol Anne Huff, Arnold and Porter* Competition between The Nasdaq Stock MarketRead More
ACE Convergence Acquisition Corp. Prices $200M IPO
ACE Convergence Acquisition Corp. (ACEV.U), announced the pricing of their $200 million SPAC IPO this evening and the units are expected to begin trading tomorrow, July 28th, under the symbol NYSE: ACEV.U.
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UPDATE: dMY Technology Group to Combine with Rush Street Interactive
The Wall Street Journal got a hot scoop last night on this deal, so we had a preview to today’s announcement. However, today’s filings officially show dMY Technology Group, Inc. (DMYT.U), has signed a definitive agreement to combine with Rush Street Interactive (“RSI”), with an implied Enterprise Value of $1.78 billion. Furthermore, there’s a goodRead More
Schultze Special Purpose Officially Announces Combination with Clever Leaves
This morning, Schultze Special Purpose Acquisition Corp. (SAMA), announced they have signed a definitive agreement to Combine with Clever Leaves, a Large-Scale Pharmaceutical-Grade Multi-National Cannabis Operator. SAMA had previously announced they were in the non-binding LOI stage with Clever Leaves back in early June, however, today’s announcement makes it official. Clever Leaves operates globally withRead More
dMY Technology Group to Combine with Rush Street Interactive
dMY Technology Group, Inc. (DMYT.U), did not technically announce tonight, but the Wall Street Journal announced that Rush Street Interactive has agreed to merge with dMY in a deal valued at $1.8 billion. Presumably, the deal will be officially announced tomorrow morning, Monday. However, what we do know is that Rush Street Interactive is anRead More
Big Rock Partners (BRPA) Releases Extension Vote #5 Info
This afternoon, Big Rock Partners Acquisition Corp. (BRPA), released the details of their shareholder vote to approve moving their extension deadline from July 23, 2020 to December 23, 2020. The extension was approved and as a result, the Company’s Sponsor will be contributing $0.02 to the trust account per month for each public share thatRead More
Ascendant Digital Acquisition Corp. (ACND.U) Prices Upsized $360M IPO
Ascendant Digital Acquisition Corp. (ACND.U), announced the pricing of their upsized $360 million SPAC IPO this evening and the units are expected to begin trading tomorrow, July 24th, under the symbol NYSE: ACND.U.
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Greencity Acquisition Corporation Prices $40M SPAC IPO
Greencity Acquisition Corporation (GRCYU), announced the pricing of their $40 million IPO this evening and the units are expected to begin trading tomorrow, Friday, July 24th, under the symbol Nasdaq: GRCYU.
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Graf Industrial (GRAF) Releases Extension Vote Results
This afternoon, Graf Industrial Corp. (GRAF), released the details of their shareholder vote, held today, to approve moving their previously extended deadline from July 31, 2020, to October 31, 2020. Per the 8-K, only 1,105 public shares exercised their right to redeem at a price of approximately $10.24 per share and as a result, justRead More
SPAC Webinar PART II – Combinations
Gateway to Host Second Installment of SPAC Webinar Series on Thursday, July 30, 2020 at 2:00 p.m. ET
– Webinar to Focus on the “De-SPAC” Period, Features Various Leaders With Significant Business Combination Experience –
Gateway Investor Relations, a 20-year-old leading strategic financial communications and capital markets advisory firm, in partnership with SPACInsider, will host the second installment of its SPAC webinar series on Thursday, July 30th at 2:00 p.m.
Hennessy IV Files Proxy and Says They’ve Signed an LOI
Signed LOI with a company in the “electric vehicle and advanced mobility sector” Hennessy Capital Acquisition Corp. IV (HCAC), filed a preliminary proxy this morning to extend their deadline to December 31, 2020. More importantly, however, is that within the proxy it stated that HCAC has signed an LOI with a company in the “electricRead More
East Resources Acquisition Company (ERESU) Prices $300M IPO
East Resources Acquisition Company (ERESU), announced the pricing of their $300 million SPAC IPO this morning and the units are expected to begin trading today, July 23rd, under the symbol Nasdaq: ERESU.
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Andina Acquisition Corp. III (ANDA) Drops a Teaser
Signs non-binding LOI with EMMAC Life Sciences Limited Earlier this morning, Andina Acquisition Corp. III (ANDA), announced they have signed a non-binding LOI with EMMAC Life Sciences Ltd., Europe’s largest independent cannabis company. However, keep in mind that this is still at the non-binding LOI stage, which means neither side is bound to this deal.Read More
Nikola (NKLA) Calls Public Warrants for Cash Exercise
This morning, Nikola (Nasdaq: NKLA, NKLAW), which was the combination company of VectoIQ Acquisition Corp., announced they will be redeeming all of their public warrants that remain outstanding at 5:00 p.m.
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