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Khosla Ventures Acquisition Co. (KVSA) to Combine with Valo Health in $2.3Bn Deal

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Khosla Ventures Acquisition Co. (KVSA) to Combine with Valo Health in $2.3Bn Deal

Khosla (NASDAQ:KVSA) has entered into a definitive agreement to combine with drug discovery platform Valo Health at a firm value of $2.32 billion. Boston-based Valo Health is a technology company built to accelerate the drug discovery and development process using human-centric data and artificial intelligence (AI) tools. The transaction is expected to close in the
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Kensington Capital Acquisition Corp. II (KCAC) to Combine with Wallbox in $1.5Bn Deal

Kensington II (NYSE:KCAC) has entered into a definitive agreement to combine with electric vehicle (EV) charging station provider Wallbox at an enterprise value of $1.477 billion, or 18.7x its 2021E revenue. Barcelona-based Wallbox provides a suite of EV-charging hardware and energy management systems for residential, semi-public and public use in 67 countries. The combined entity
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The Latest SPAC News and Rumors: June 8th, 2021


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

Minute Media and Digitonic consider listing through a SPAC, and Bridgetown 2 is in talks to merge with Property Guru

 


Digital Ad Startup Minute Media Explores Going Public

Digital advertising company Minute Media is working with Goldman Sachs Group Inc.

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GigCapital2, Inc. (GIX) Sweetens & Shrinks Backstop Following Vote

GigCapital2, Inc. (NYSE:GIX) announced in an 8-K filing this morning that it has modified its post-announcement PIPE and convertible note offerings to sweeten the pot following its Friday’s shareholders vote to approve its combination with UpHealth and Cloudbreak. As background as to why, GigCapital2 must maintain at least $150 million in cash available in order
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FinServ Acquisition Corp. (FSRV) Shareholders Approve Katapult Deal

FinServ Acquisition Corp. (NASDAQ:FSRV) announced in an 8-K filing that its shareholders approved its combination with fintech lender Katapult Holdings with minimal redemptions at a special meeting yesterday.

Just 6,338 shares were redeemed in connection with the vote, removing $63,696 from FinServ’s trust, marking another in a string of positive votes for SPACs reaching the finish line over the past month and a half.

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The Latest SPAC News and Rumors: June 7th, 2021


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

Aurora plans to merge with Reinvent Technology Partners Y, SPAC target Astra makes acquisition, and Israeli Prime Minister-designate to rake in $5 million from SPAC merger

 


Aurora Innovation Reportedly Next In Line For SPAC

Autonomous vehicle startup Aurora is close to finalizing a deal to combine with Reinvent Technology Partners Y, the newest SPAC launched by LinkedIn co-founder and investor Reid Hoffman, Zynga founder Mark Pincus and managing partner Michael Thompson.

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VPC Impact Acquisition Holdings III (VPCC) to Combine with Dave in $3.5Bn Deal

VPC Impact III (NYSE:VPCC) has entered into a definitive agreement to combine with fintech platform Dave at an enterprise value of $3.56 billion, or 9.4x its 2022E revenue. Dave provides digital banking services with a particular focus on avoiding punitive fees and helping users improve their financial health. The combined company is expected to trade
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SPAC IPO Terms Tracker: Early June

Jun 6, 2021 INTEL by sam.beattie
Terms Tracker for the Week Ending June 4, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Post Memorial Day holiday, there were zero IPOs this past week but ten new s-1 registration statements were filed.  In total, SPACs now have 293
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Deerfield Healthcare Technology (DFHT) Shareholders Approve CareMax Medical Group Deal

Deerfield Healthcare Technology. (NASDAQ:DFHT) announced that its shareholders have approved its business combination with CareMax with the much-coveted zero-redemption vote at a special meeting Friday.

The parties expect to close the transaction Tuesday, June 8, after which CareMax and IMC will become wholly owned subsidiaries of Deerfield, which will be renamed CareMax.

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GigCapital4 (GIG) to Combine with BigBear.ai in $1.57Bn Deal

GigCapital4 (NASDAQ:GIG) has entered into a definitive agreement to combine with AI technology firm BigBear at an enterprise value of $1.57 billion, or 8.6x its 2021E revenue. Columbia, Maryland-based BigBear is an AI-powered data analytics and risk management firm primarily serving the US defense and intelligence services. The combined company is expected to trade on
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The Latest SPAC News and Rumors: June 4th, 2021


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

Lakestar SPAC plans to combine with HomeToGo on Frankfurt Stock Exchange 

 


Lakestar SPAC to Acquire HomeToGo in First German Deal of Its Kind

Lakestar, which is backed by venture capitalist Klaus Hommels, plans to acquire travel search engine HomeToGo in a deal that, if completed, would be the first of its kind to bring a company to the Frankfurt Stock Exchange. 

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