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Finnovate Acquisition Corp. (FNVTU) Prices $150M IPO

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Finnovate Acquisition Corp. (FNVTU) Prices $150M IPO


Finnovate Acquisition Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FNVTU” Thursday, November 3.

The new SPAC intends to focus its search on fintech companies that are domiciled in Israel, that carry out all or a substantial portion of their activities in Israel, or that have some other significant Israeli connection.

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The Latest SPAC News and Rumors: November 3, 2021


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

Latest SPAC News: Kevin Durant launches $200 million SPAC; Forbes announces launch of international editions in Chile and Peru


Basketball Star Kevin Durant Launches $200 Million SPAC

Brooklyn Nets star Kevin Durant has become the latest celebrity to endorse a blank-check firm after his Infinite Acquisition Corp.

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McLaren Technology Acquisition Corp. (MLAIU) Prices $175M IPO


McLaren Technology Acquisition Corp. announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MLAIU” Wednesday, November 3.

The new SPAC intends to focus its search on companies within the banking, financial services and insurance sector that leverage artificial intelligence, machine learning, digital, technology, and fintech.

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Switchback II Corp. (SWBK) Shareholders Approve Bird Deal

Switchback II Corp. (NYSE:SWBK) secured shareholder approval of its combination with scooter-share provider Bird in a special meeting held earlier today. Switchback II reported that approximately 98% voted in favor of the business combination and all other proposals related to the combination with Bird were also approved. Holders of approximately 79% of Switchback II’s issued
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Fortune Rise Acquisition Corp. (FRLAU) Prices $85M IPO


Fortune Rise Acquisition Corp. announced the pricing of its $85 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FRLAU” Wednesday, November 3.

The new SPAC’s efforts to identify a target business will not be limited to a particular industry or geographic region, although the Company is prohibited from undertaking initial business combination with any entity that conducts a majority of its business or is headquartered in China (including Hong Kong and Macau).

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The Latest SPAC News and Rumors: November 2, 2021


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

Latest SPAC News: Financial firms race to list first SPAC in Hong Kong and Medikabazaar targets unicorn status in 2022


Financial Firms’ Race to List First SPAC in Hong Kong Heats Up As HKEX Decision Nears

Financial firms are busy working with wealthy clients to be among the first to list SPACs in the city in anticipation of Hong Kong Exchanges and Clearing (HKEX) giving its approval to blank-check companies, according to South China Morning Post.

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SilverBox Engaged Merger Corp I (SBEA) to Combine with Black Rifle Coffee Company

SilverBox Engaged I (NASDAQ:SBEA) has entered into a definitive agreement to combine with Black Rifle Coffee at an enterprise value of $1.7 billion, or 7.4x its 2021E revenue. Salt Lake City, Utah-based Black Rifle sells coffee and coffee products targeted at the active military and veteran community online while working to expand in brick-and-mortar segments.
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Khosla Ventures II (KVSB) Pre-Announces Light Redemptions with Nextdoor

Khosla Ventures Acquisition Co. II (NASDAQ:KVSB) pre-announced its redemption amounts this afternoon in a press release ahead of its shareholder meeting tomorrow to vote on its combination with neighborhood social media platform Nextdoor. KVSB reported that the transaction is expected to raise approximately $633.3 million in gross proceeds. At least $363.3 million will be from
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Reuters: Goldman Sachs Selling “SPAC Structured Notes”

Goldman Sachs (NYSE:GS) has reportedly arranged a bond-like financial structure allowing institutional investors access to SPACs without owning any equity in the vehicles, according to Reuters. The notes, which Goldman is calling “SPAC Structured Notes”, have reportedly only been offered to a handful of clients.  However, these notes have a two-year term and receive interest
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The Latest SPAC News and Rumors: November 1, 2021


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

Latest SPAC News: Prison phone company Securus in talks to merge with Atlantic Avenue, Redbox signs content deal with Fremantle, and Singapore’s Novo Tellus files for blank-check IPO


Prison Phone Company Securus Is in SPAC Merger Talks

Tom Gores’s Platinum Equity is exploring strategic options for one of its most controversial investments, prison phone operator Securus Technologies Inc.,

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