AerSale (ASLE) Calls All Warrants on Cashless Basis

Nov 29, 2021 INTEL by Nicholas Alan Clayton

AerSale (NASDAQ:ASLE) announced this morning that it is calling all outstanding warrants on a cashless basis on 5 pm EST, December 29. The company completed its combination with Monocle in December 2020 and Monocle included one full warrant in each of its IPO units. But, because AerSale has elected to redeem warrants on a cashless
Read More

To access this post, you must purchase 1 - User: Monthly Plan.

Pathfinder Acquisition Corporation (PFDR) Lowers Minimum Cash for ServiceMax Deal

Nov 29, 2021 INTEL by Nicholas Alan Clayton

Pathfinder (NASDAQ:PFDR) announced in an 8-K this morning that it has lowered the minimum cash condition on its combination with enterprise software firm ServiceMax. The new threshold will be $125 million, down $100 million from $225 million. While such a move typically signals concern about redemptions to come, ServiceMax has matched the $100 million lowering
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

TOMORROW: SPACs Go Global: Legal Insights and Market Trends

Nov 29, 2021 INTEL by Kristi Marvin

Don’t forget to register for tomorrow’s SPAC Webinar

SPACs Go Global: Legal Insights and Market Trends

Join us for a virtual panel on November 30, 2021

Participants will gain insight into the use of Special Purpose Acquisition Companies (SPACs) within Europe, Asia, and Latin America and the comparative opportunities and challenges of different regulatory frameworks in key jurisdictions.

Growth Capital Acquisition Corp. (GCAC) Adds Financing to Cepton Deal

Nov 29, 2021 INTEL by Nicholas Alan Clayton

Growth Capital (NASDAQ:GCAC) has signed a committed investment agreement with Lincoln Park Capital Fund that would bring up to $100 million in additional cash to its combination with lidar-maker Cepton. Cepton will have the right, but not obligation to direct Lincoln Park to purchase up to $100 million in stock over the three-year period immediately
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

SPAC IPO Terms Tracker: A Rush of New SPACs

Nov 27, 2021 INTEL by sam.beattie

Terms Tracker for the Week Ending Nov. 26, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Over the shortened Thanksgiving holiday week, we saw 18 new S-1 registration statements, five more than last week and six IPOs, half as many as
Read More

To access this post, you must purchase 1 - User: Monthly Plan.

Ackman’s Pershing Square SPARC Holdings Files S-1

Nov 26, 2021 INTEL by Kristi Marvin

Post-Thanksgiving holiday, Bill Ackman finally filed his new Pershing Square SPARC Holdings allowing everyone to snack on a second meal. The new and improved SPARC Holdings goes to great lengths in the S-1 to make this structure as easy to understand as possible, but there are still a lot of moving parts. Just keeping track
Read More

To access this post, you must purchase 1 - User: Monthly Plan.

The Latest SPAC News and Rumors: November 26, 2021

Nov 26, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Griid in talks to merge with Adit EdTech and Essentium in talks to go public through Atlantic Coast SPAC

Bitcoin Miner Griid Is In Talks To Go Public Via Merger With Adit EdTech SPAC

Bitcoin miner Griid Infrastructure is in talks to go public through a merger with a SPAC, according to Bloomberg.

Astra (ASTR) Calls All Outstanding SPAC Warrants

Nov 26, 2021 INTEL by Marlena Haddad

Astra (NASDAQ:ASTR) announced that it will be calling its warrants for shares as of December 27 based on the share trading above the $10.00 trigger price.

Warrantholders have until 5 pm EST on the 27th of December to exercise their warrants on a “cashless basis”.

Benessere Capital Acquisition Corp (BENE) to Combine with Ecombustible in $805M Deal

Nov 24, 2021 INTEL by Nicholas Alan Clayton

Benessere (NASDAQ:BENE) has entered into a definitive agreement to combine with hydrogen fuel supplier eCombustible at a total equity value of $805 million. Miami-based eCombustible provides on-site hydrogen fuel supply to industrial clients. The combined company is expected to trade on the Nasdaq under the symbol “ECEC” once the deal is completed, but the parties
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Everest Consolidator Acquisition Corp. (MNTN.U) Prices $150M IPO

Nov 23, 2021 IPOs by Marlena Haddad

Everest Consolidator Acquisition Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the NYSE under the symbol “MNTN.U” Wednesday, November 24.

The new SPAC intends to combine with a business in the wealth management industry, including independent financial advisory providers as well as wealth management-focused technology companies (“Wealthtech” companies).

Beard Energy Transition Acquisition Corp. (BRD.U) Prices $200M IPO

Nov 23, 2021 IPOs by Marlena Haddad

Beard Energy Transition Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “BRD.U” Wednesday, November 24.

The Latest SPAC News and Rumors: November 23, 2021

Nov 23, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Hambro Perks eyes first London SPAC listing under new rules, and Matterport expands capture services on-demand by 55%

VC Firm Hambro Perks Eyes First London SPAC Listing Under New Rules

U.K.

Bright Lights Acquisition Corp. (BLTS) to Combine with MANSCAPED in $1Bn Deal

Nov 23, 2021 INTEL by Nicholas Alan Clayton

Bright Lights (NASDAQ:BLTS) has entered into a definitive agreement to combine with MANSCAPED at an enterprise value of $1 billion, or 2.6x 2022E revenue. San Diego, California-based MANSCAPED provides men’s grooming products and subscription re-fills via its native ecommerce site, Amazon and retailers. The combined company is expected to trade on the Nasdaq under the
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Environmental Impact (ENVI) Adds $19M to GreenLight Biosciences PIPE

Nov 23, 2021 INTEL by Marlena Haddad

Environmental Impact Acquisition Corp. (NASDAQ:ENVI) announced this morning that it has added $19 million to the PIPE for its deal with biotech firm GreenLight, totaling $124 million in gross proceeds. The additional $19 million includes a $10 million strategic investment from Serum Life Sciences Ltd, a subsidiary of Serum Institute of India Pvt. Ltd, and
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Vahanna Tech Edge Acquisition I Corp. (VHNAU) Prices Upsized $174M IPO

Nov 23, 2021 IPOs by Marlena Haddad

Vahanna Tech Edge Acquisition I Corp. announced the pricing of its upsized $174 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VHNAU” Tuesday, November 23.

Mana Capital Acquisition Corp. (MAAQU) Prices $62M IPO

Nov 22, 2021 IPOs by Marlena Haddad

Mana Capital Acquisition Corp. announced the pricing of its $62 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MAAQU” Tuesday, November 23.

The new SPAC intends to focus its search on target businesses operating in North America, Europe, and Asia in the healthcare, technology, green economy, and consumer products sectors.

23andMe (ME) Calls All Outstanding Warrants

Nov 22, 2021 INTEL by Nicholas Alan Clayton

23andMe (NASDAQ:ME) announced that it will be calling its warrant for shares as of December 22 based on the share trading above the $10.00 trigger price. Warrantholders have until 5 pm EST on the 22nd to exercise their 1/3 warrants for shares at an exercise price of $11.50 or exercise them on a cashless basis.
Read More

To access this post, you must purchase 1 - User: Monthly Plan.

CHP Merger Corp. (CHPM) Adjourns Extension Vote, Adds Sweetener

Nov 22, 2021 INTEL by Nicholas Alan Clayton

CHP Merger Corp. (NASDAQ:CHPM) announced that it had adjourned its vote to extend its transaction deadline and it will hold a new vote on Wednesday, November 24 with additional incentives for shareholders not to redeem. Additionally, shareholder can reverse their redemption requests by sending a DTC DWAC (Deposit/Withdrawal At Custodian) request to the Company’s transfer
Read More

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Chinese Ride-Hailer BMKP Technology Considering SPAC Deal

Nov 22, 2021 INTEL by Nicholas Alan Clayton

BMKP Technology, which provides taxi ride-hailing services from its base in Wuhan, China is considering a SPAC merger according to a report by … BMKP Technology. It is not uncommon for companies to note that a SPAC deal may be in their future when asked or for the financial press to report on deals in
Read More

To access this post, you must purchase 1 - User: Monthly Plan.

The Latest SPAC News and Rumors: November 22, 2021

Nov 22, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Betsy Cohen’s new SPAC plans to raise $220 million and EQRx partners with Abdul Latif Jameel Health

Betsy Cohen’s new SPAC aims to raise $220 million via U.S.