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Edoc Acquisition Corp. (ADOC) to Combine with Calidi Biotherapeutics, Inc. in $449M Deal

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Edoc Acquisition Corp. (ADOC) to Combine with Calidi Biotherapeutics, Inc. in $449M Deal

Feb 2, 2022 INTEL by Marlena Haddad
Edoc (Nasdaq:ADOC) has entered into a definitive agreement to combine with biotechnology firm Calidi Biotherapeutics, Inc. at an enterprise value of $449 million. La Jolla, California-Calidi Biotherapeutics is a clinical-stage immuno-oncology company with proprietary technology that delivers oncolytic viruses for targeted therapy against difficult-to-treat cancers. The combined company is expected to trade on the Nasdaq
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Queen’s Gambit Growth Capital (GMBT) Adds $21.5M to Swvl PIPE

Feb 2, 2022 INTEL by Nicholas Alan Clayton

Queen’s Gambit (NASDAQ:GMBT) has added $21.5 million to the PIPE for its combination with Dubai-based ride-hailer Swvl one day after terminating a previous forward-purchase agreement (FPA).

These additions bring the total PIPE proceeds to $121.5 million and include commitments from the European Bank for Reconstruction and Development (EBRD), Agility, Luxor Capital Group, Chimera, and Zain.

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The Latest SPAC News and Rumors: February 2, 2022

Feb 2, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Voltus lines up bitcoin mine to provide capacity to PJM, Azerion NV lists in Amsterdam at $1.2B market cap, and Embraer’s subsidiary Eve expects 25% gross profit margin

Voltus Lines Up 100-Megawatt Bitcoin Mine to Provide Capacity to PJM Grid

Voltus Inc.,

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Spring Valley Acquisition Corporation (SV) Adds $30M to NuScale PIPE

Feb 2, 2022 INTEL by Nicholas Alan Clayton

Spring Valley (NASDAQ:SV) has added $30 million more to the PIPE for its combination with nuclear power developer NuScale, bringing total PIPE proceeds to $211 million.

This additional financing ensures that the SPAC will meet the transaction’s $200 million minimum cash condition regardless of redemptions as the parties work towards a close in the second quarter of 2022.

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Angel Pond Holdings (POND) to Combine with MariaDB in $672M Deal

Feb 1, 2022 INTEL by Nicholas Alan Clayton
Angel Pond (NYSE:POND) has entered into a definitive agreement to combine with open source software provider MariaDB at an enterprise value of $672 million, or 14.2x its 2022E revenue. Redwood City, California-based MariaDB provides an software platform for enterprise business and cloud management with about 1 billion downloads to date. The combined company is expected
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IPO-Pricing

Alset Capital Acquisition Corp. (ACAXU) Prices $75M IPO

Jan 31, 2022 IPOs by Marlena Haddad

Alset Capital Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ACAXU” Tuesday, February 1.

The new SPAC intends to focus its search on businesses in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space.

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Ivanhoe Capital (IVAN) Announces Preliminary Shareholder Approval

Jan 31, 2022 INTEL by Marlena Haddad

Ivanhoe Capital (NYSE:IVAN) announced this afternoon that it expects to receive shareholder approval at its special meeting set to vote on its combination with EV battery-maker SES tomorrow.

This vote will not be final until after the meeting concludes tomorrow, but considering the good results in a very challenging market environment, a press release of this nature is certainly welcome.

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OTR Acquisition Corp. (OTRA) to Combine with Comera Life Sciences in $151M Deal

Jan 31, 2022 INTEL by Marlena Haddad
OTR (NASDAQ:OTRA) has entered into a definitive agreement to combine with biotech firm Comera Life Sciences at an enterprise value of $151.3 million. The Woburn, Massachusetts-based company utilizes formulation science and technology to transform essential biologic medicine from IV to subcutaneous forms. The combined company is expected to trade on the Nasdaq once the deal
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To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
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The Latest SPAC News and Rumors: January 31, 2022

Jan 31, 2022 INTEL by Marlena Haddad

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

Latest SPAC News: Byju in negotiations with at least three SPACs, MSP Recovery’s LifeWallet announces new data, and Hiro Metaverse SPAC plans London IPO

Byju’s Aim for SPAC Merger Agreement Within a Month

India’s most valuable startup, the online education provider Byju’s, is in negotiations with at least three SPACs and is aiming to unveil plans to go public via a merger with one of them in three to four weeks, according to people familiar with the matter.

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