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Seaport Global Acquisition II Corp. (SGIIU) Prices $125M IPO

IPO-Pricing
IPO-Pricing
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The Latest SPAC News and Rumors: November 17, 2021


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

Latest SPAC News: FaZe Clan teams up with DraftKings, Astroscale signs MOU with Virgin Orbit, and France’s Melanion Capital to launch “green” bitcoin-focused SPAC


Gaming and Content Trailblazer FaZe Clan Teams Up With DraftKings

Today, DraftKings Inc.

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Alpha Capital Acquisition Company (ASPC) to Combine with Semantix in $693M Deal

Alpha Capital (NASDAQ:ASPC) has entered into a definitive agreement to combine with data software platform Semantix at an enterprise value of $693 million, or 8.7x its 2022E revenue. São Paulo, Brazil-based Semantix provides cloud-data services to clients in three Latin American markets and the US. The combined company is expected to trade on the Nasdaq
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Archimedes Tech SPAC Partners Co. (ATSPT) to Combine with SoundHound in $2Bn Deal

Archimedes Tech (NASDAQ:ATSPT) has entered into a definitive agreement to combine with voice AI firm SoundHound at an enterprise value of $2.1 billion, or 18.8x its 2023E revenue. Santa Clara, California-based SoundHound provides AI-powered voice engagement tools for a wide range of companies including car manufacturers and device-makers. The combined company is expected to trade
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IPO-Pricing

Energem Corp. (ENCPU) Prices $100M IPO

Nov 16, 2021 IPOs by Anthony Sozzi

Energem Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ENCPU” Tuesday, November 16.

The new SPAC intends to focus on the energy value chain with an immediate plan to focus on South East Asia and Asia Pacific Regions (outside of China and Hong Kong), specifically in the oil and gas and other potential renewable energy businesses.

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Queen’s Gambit Growth Capital (GMBT) Adds FPA and PIPE to Swvl Deal

Queen’s Gambit (NASDAQ:GMBT) announced this morning that it has supplemented the financing for its business combination with Swvl by adding a forward purchase agreement and PIPE. New investor OTC Equity Prepaid Forward Transaction has agreed to purchase up to 10,000,000 shares slated for redemption and has an overall right to buy 2,500,000 or more shares at
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More SPAC Accounting Changes. This Time, Not Meaningful

Nov 15, 2021 INTEL by Kristi Marvin
Today it was reported that SPACs are yet again undergoing additional accounting scrutiny, but is this a mountain out of a molehill? Or something we need to pay attention to? Short answer: meh. It was reported with headlines stating that SPACs were “headed for additional accounting restatements due to errors“, but that’s not correct. If
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Khosla Ventures Acquisition Co. (KVSA) and Valo Health Mutually Terminate Deal

Nov 15, 2021 INTEL by Kristi Marvin
Khosla Ventures Acquisition Co. (NASDAQ:KVSA) and Valo Health, a technology company using human-centric data and artificial intelligence (AI) powered computation to transform the drug discovery and development process, announced this evening that they have opted to mutually terminate their business combination agreement. The parties cited the move was a result of “current market conditions, particularly
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latest-news

The Latest SPAC News and Rumors: November 15, 2021


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

Latest SPAC News: Vacasa reports third quarter results and Revelation Biosciences initiates Phase 1b clinical study of REVTx-99


Vacasa Reports Record Third Quarter 2021 Results

Vacasa, North America’s leading vacation rental management platform, today announced financial results for the third quarter ended September 30, 2021.

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Waldencast Acquisition Corp. (WALD) to Combine with OBAGI and Milk Makeup in $1.2Bn Deal

Waldencast (NASDAQ:WALD) has entered into a definitive agreement to combine with beauty brands OBAGI and Milk Makeup at an enterprise value of $1.24 billion, or 24.7x its 2022E adjusted EBITDA. OBAGI provides medical-grade skincare products and Milk Makeup provides clean 100% vegan cosmetics via retail stores and its native ecommerce site. The combined company is
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DFP Healthcare (DFPH) Shareholders Approve The Oncology Institute Deal

DFP Healthcare Acquisition Corp. (NASDAQ:DFPH) announced in a press release today that it secured shareholder approval of its combination with community-based clinic operator The Oncology Institute (TOI) in a special meeting held last Friday. The press release disclosed that TOI raised approximately $334 million of cash proceeds, including $275 million from a PIPE, implying $59
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Thimble Point (THMA) and Pear Therapeutics Arrange Backstop Funding

Nov 15, 2021 INTEL by Kristi Marvin
Thimble Point Acquisition Corp, Inc. (NASDAQ: THMA) and Pear Therapeutics, announced this morning that they have arranged an “up to $50 million” backstop funding ahead of their scheduled shareholder vote later this month. THMA previously disclosed a $125 million PIPE at combination announcement with a large roster of investors that includes 5AM Ventures, Arboretum Ventures,
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Leo Holdings III Corp. (LIII) Pre-Announces Successful Quorum Ahead of Vote

Leo III (NYSE:LIII) announced this morning that it has already achieved a quorum with most votes in the approval column for its shareholder vote to approve its combination with Local Bounti scheduled for tomorrow. The SPAC has worked to smooth out the vote by both extending the deadline for shareholders to make redemption decisions to
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