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Ackrell SPAC Partners I (ACKIT) to Combine with Blackstone Products in $900M Deal

Ackrell SPAC Partners I (ACKIT) to Combine with Blackstone Products in $900M Deal

Ackrell I (NASDAQ:ACKIT) has entered into a definitive agreement to combine with outdoor cooking company Blackstone Products at an enterprise value of $900 million, or 2x its 2021E revenue. Logan, Utah-based Blackstone provides outdoor griddles, accessories and consumables. The combined company is expected to trade on the Nasdaq under the symbol “BLKS” once the deal
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Yellowstone Acquisition Company (YSAC) Adds to PIPE for Sky Harbour Deal

Yellowstone (NASDAQ:YSAC) has converted a $45 million backstop in its combination with Sky Harbour into a PIPE commitment in exchange for its target waiving its minimum cash condition. The funding, which is set to come from Yellowstone affiliate Boston Omaha Corporation (NASDAQ:BOMN), was originally slated to replace financing from redeeming shareholders as a part of
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latest-news

The Latest SPAC News and Rumors: December 22, 2021


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

Latest SPAC News: Private investors plot Forbes buyout, and Virgin Orbit and Arqit expand launch agreements


 

Private Investors Plot Forbes Buyout

Investment firm GSV is working on a bid to buy Forbes Media at a $620 million valuation as an alternative to Forbes’ announced SPAC merger with Magnum Opus (NYSE:OPA), Axios has learned.

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Petra Acquisition, Inc. (PAIC) Adds $12M to Revelation Biosciences Deal

Petra (NASDAQ:PAIC) announced that it had added forward purchase agreements and a convertible note that will add up to $12 million to its combination with biotech firm Revelation. Of this amount, $4.5 million is to be used to backstop potential redemptions with financing from AXA Prime Impact Master Fund, LifeSci Venture Partners as well as
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Global SPAC Partners Co. (GLSPT) to Combine with Gorilla Technology in $708M Deal

Global SPAC (NASDAQ:GLSPT) has entered into a definitive agreement to combine with edge computing firm Gorilla at an enterprise value of $708 million. Taipei, Taiwan-based Gorilla provides AI-enabled hardware and software for traffic management and security monitoring. The combined company is expected to trade on the Nasdaq under the symbol “GRRR” once the deal is
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IPO-Pricing

Gardiner Healthcare Acquisitions Corp. (GDNRU) Prices $75M IPO

Dec 21, 2021 IPOs by Marlena Haddad

Gardiner Healthcare Acquisitions Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GDNRU” Wednesday, December 22.

The new SPAC intends to target businesses in the healthcare industry, particularly for North American or European companies in the life sciences and medical technology sectors, with a specific focus on small and large molecule therapeutics.

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Zanite Acquisition Corp. (ZNTE) to Combine with Eve in $2.4Bn Deal

Zanite (NASDAQ:ZNTE) has entered into a definitive agreement to combine with urban air mobility firm Eve at an enterprise value of $2.37 billion, or 8.5x 2028E EBITDA. Florida-based Eve is the electric vertical takeoff and landing (eVTOL) subsidiary of Brazilian aviation manufacturer Embraer (NYSE:ERJ) aiming to commercialize its designs as air taxis and other mobility
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IPO-Pricing

Larkspur Health Acquisition Corp. (LSPRU) Prices $75M IPO

Dec 20, 2021 IPOs by Anthony Sozzi

Larkspur Health Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LSPRU” Tuesday, December 21.

The new SPAC intends to focus on companies in the biotechnology sector and would benefit from access to public markets and the operational and strategic expertise of our management team and board of directors.

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IPO-Pricing

Sagaliam Acquisition Corp. (SAGAU) Prices $100M IPO

Dec 20, 2021 IPOs by Marlena Haddad

Sagaliam Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SAGAU” Tuesday, December 21.

The new SPAC intends to capitalize on the capabilities of its management team and sponsor to identify, acquire and operate a business that may provide opportunities for attractive risk-adjusted returns in the telecommunications, media, and technology industries.

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IPO-Pricing
latest-news

The Latest SPAC News and Rumors: December 20, 2021


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

Latest SPAC News: Zegna debuts on Wall Street following $3Bn SPAC deal


Italian Luxury Group Zegna Debuts on Wall Street  in $3 Bln Deal

Shares in Italian luxury group Zegna rose in New York on Monday, where they debuted after completing a merger with a U.S.

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Dynamics Special Purpose Corp. (DYNS) to Combine with Senti Biosciences

Dynamics (NASDAQ:DYNS) has entered into a definitive agreement to combine with leading Gene Circuit company Senti Biosciences at an enterprise value of $276 million. San Francisco-based Senti Bio uses its Gene Circuit platform to develop next-generation cell and gene therapies to enhance therapeutic effectiveness against diseases. The combined company is expected to be listed on
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ITHAX Acquisition Corporation (ITHX) to Combine with Mondee Inc. in $842M Deal

Dec 20, 2021 INTEL by sam.beattie
ITHAX Acquisition Corporation (NASDAQ: ITHX) has entered into a definitive agreement to combine with technology-first travel marketplace company Mondee at an enterprise value of $842 million or 7.2x its 2023E revenue. The Silicon Valley-based company delivers an operating platform, modern ecosystem, and segment-specific content for the gig economy, remote workers, and travelers, mostly in the
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