Ascendant Digital Acquisition Corp. III (ACDI.U) Prices Upsized $261M IPO

Nov 9, 2021 IPOs by Marlena Haddad

Ascendant Digital Acquisition Corp. III announced the pricing of its upsized $261 million IPO and its units are expected to begin trading on the NYSE under the symbol “ACDI.U” Wednesday, November 10.

RCF Acquisition Corp. (RCFA.U) Prices $200M IPO

Nov 9, 2021 IPOs by Marlena Haddad

RCF Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RCFA.U” Wednesday, November 10.

The new SPAC intends to target assets or businesses of scale across the critical minerals value chain that are poised to benefit over the long-term from the substantial market opportunity created by the global energy transition.

Khosla Ventures (KVSA) Adds to Valo Health PIPE

Nov 9, 2021 INTEL by Marlena Haddad

Khosla Ventures Acquisition Co. (NASDAQ:KVSA) announced this afternoon that it has added another $1.125 million to the PIPE for its deal with drug discovery platform Valo Health. The recent commitments were made by Valo’s CEO & Founder David Berry, and CFO Graeme Bell, which will be subject to a 180-day lock-up following the closing. The
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USHG Acquisition Corp. (HUGS) to Partner With Panera Brands

Nov 9, 2021 INTEL by Kristi Marvin

It’s Déjà Vu as Danny Meyers treads a similar path to Bill Ackman This morning it was announced that USHG Acquisition Corp. (NYSE:HUGS) signed a definitive agreement to become a cornerstone partner with hospitality company Panera Brands as Panera pursues a traditional IPO. This deal, at first blush, has strong echoes of the Pershing Square
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The Latest SPAC News and Rumors: November 9, 2021

Nov 9, 2021 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: Abu Dhabi proposes SPAC framework, SPAC tied to Trump’s media venture seeks Wall Street backing, and Nextdoor surges following merger

Abu Dhabi’s Stock Exchange Submits SPAC Framework Proposal

Abu Dhabi has proposed a regulatory framework to allow the listing of blank-check companies, potentially opening the door to a slew of Gulf-focused deals involving SPACs.

Tuatara Capital Acquisition Corp. (TCAC) to Combine with springbig in $300M Deal

Nov 9, 2021 INTEL by Nicholas Alan Clayton

Tuatara (NASDAQ:TCAC) has entered into a definitive agreement to combine with cannabis marketing software company springbig at an enterprise value of $300 million, or 4.7x its 2023E revenue. Boca Raton, Florida-based springbig provides customer engagement and loyalty program solutions to about 1,000 cannabis brands across North America. The combined company is expected to trade on
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Capstar Special Purpose Acquisition Corp. (CPSR) Re-Strikes Gelesis Deal

Nov 9, 2021 INTEL by Nicholas Alan Clayton

Capstar (NYSE:CPSR) announced in an 8-K this morning that it is revising its combination agreement with biopharm firm Gelesis in the latest deal to be re-struck on more investor-friendly terms. The changes slash Gelesis’ proposed equity valuation by 25% from $900 million to $675 million in exchange for concessions on earnout shares and the sponsor’s
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Green Visor Financial Technology Acquisition Corp. I (GVCIU) Prices Upsized $174M IPO

Nov 9, 2021 IPOs by Marlena Haddad

Green Visor Financial Technology Acquisition Corp. I priced its upsized $174 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GVCIU” Tuesday, November 9.

OmniLit Acquisition Corp. (OLITU) Prices $125M IPO

Nov 9, 2021 IPOs by Marlena Haddad

OmniLit Acquisition Corp. priced its $125 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “OLITU” Tuesday, November 9.

The new SPAC intends to concentrate its efforts in identifying high quality businesses in the advanced manufacturing industry, specifically the photonics or optics products, services, and end markets, and related products, services, and end-markets.

Hunt Companies Acquisition Corp. I (HTAQ.U) Prices $200M IPO

Nov 9, 2021 IPOs by Marlena Haddad

Hunt Companies Acquisition Corp. I announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “HTAQ.U” Tuesday, November 9.

DP Cap Acquisition Corp. I (DPCSU) Prices $200M IPO

Nov 9, 2021 IPOs by Marlena Haddad

DP Cap Acquisition Corp. I announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DPCSU” Tuesday, November 9.

Apeiron Capital Investment Corp. (APN.U) Prices $150M IPO

Nov 8, 2021 IPOs by Marlena Haddad

Apeiron Capital Investment Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the NYSE under the symbol “APN.U” Tuesday, November 9.

The new SPAC intends to focus its search on companies in the financial technology, media, gaming and financial services (“FTMG”) and in the wealth-advisory and asset management industries.

Hennessy Capital V (HCIC) Terminates Plus Deal

Nov 8, 2021 INTEL by Kristi Marvin

Hennessy Capital Investment Corp. V (NASDAQ:HCIC) announced this afternoon that it and Plus, a global provider of self-driving truck technology, have mutually agreed to terminate their business combination citing “recent developments in the regulatory environment outside of the United States“. However, it’s unclear at this time what regulations are impeding this combination since none were
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Lemonade (LMND) to Acquire Metromile (MILE) in All-Stock Deal

Nov 8, 2021 INTEL by Marlena Haddad

Lemonade (NYSE:LMND), the insurance company powered by AI, has entered into a definitive agreement to acquire auto insurance company Metromile (NASDAQ:MILE) in an all-stock transaction. The deal gives Metromile, which previously merged with INSU Acquisition Corp. II nearly 10 months ago, an implied equity value of approximately $500 million, or just over $200 million net
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The Latest SPAC News and Rumors: November 8, 2021

Nov 8, 2021 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: LAMF Global Ventures I explores acquisition of major European football club and Barrows Hotel considers SPAC merger

Football Finance Veteran Harris Eyes Club Takeover Through US SPAC Deal

Sky News reported that LAMF Global Ventures Corp I (NASDAQ:LGVC), which has been set up by two US entertainment industry executives, will explore the acquisition of a major European club during its trawl of potential targets.

Biotech Acquisition Company (BIOT) to Combine with Blade Therapeutics

Nov 8, 2021 INTEL by Nicholas Alan Clayton

Biotech (NASDAQ:BIOT) has entered into a definitive agreement to combine with drug developer Blade Therapeutics at an enterprise value of $352.8 million. San Francisco-based Blade Therapeutics is developing three drug candidates as potential therapies against varying forms of organ fibrosis with its most advanced having completed Phase I. The combined company is expected to trade
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Northern Genesis II (NGAB) Pre-Announces Quorum to Pass Embark Deal

Nov 8, 2021 INTEL by Marlena Haddad

Northern Genesis Acquisition Corp. II (NYSE:NGAB) today announced that it has secured a quorum for its special meeting tomorrow to vote on its combination with autonomous technology developer Embark Trucks Inc. NGAB reported that its shareholders have already overwhelmingly voted in support of the $4.55 billion business combination and all other proposals to be voted
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Duddell Street Acquisition Corp. (DSAC) to Combine with FiscalNote

Nov 8, 2021 INTEL by Nicholas Alan Clayton

Duddell Street (NASDAQ:DSAC) has entered into a definitive agreement to combine with legal and regulatory data provider FiscalNote at an enterprise value of $1.18 billion, or 6.8x its 2022E sales. Washington, DC-based FiscalNote uses AI tools to crunch legislative, regulatory and geopolitical data to provide insights and analysis The combined company is expected to trade
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SPAC IPO Terms Tracker: November is Off to a Fast Start

Nov 6, 2021 INTEL by sam.beattie

Terms Tracker for the Week Ending Nov. 5, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. For the first week of November, we saw 13 new S-1 registration statements, nearly doubling what we saw last week (seven), and 23 IPO’s, seven
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The Latest SPAC News and Rumors: November 5, 2021

Nov 5, 2021 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: Crypto billionaire-backed SPAC listing plan sends Monex limit up and Virgin Orbit partners with ANA HOLDINGS to procure twenty LauncherOne flights from Japan

Crypto Billionaire-Backed SPAC Listing Plan Sends Monex Limit Up

Monex Group Inc. surged