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Friday Rumor Roundup: SPACs Getting Back into Ads

RUMORS

Friday Rumor Roundup: SPACs Getting Back into Ads

Although IPO flow has slowed as teams consider adjustments based on the SEC’s recent statement on warrants, the flow of chatter out of deal-making circles is still on full blast. We have assembled the latest rumored deals for your weekend reading: Simplifi D and Z Media Acquisition Corp. (NYSE:DNZ) is reportedly in talks to merge
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Consonance-HFW Acquisition Corp. (CHFW) to Combine with Surrozen in $203M Deal

Consonance-HFW (NYSE:CHFW) has entered into a definitive agreement to combine with biotech firm Surrozen at an enterprise value of $203.3 million. San Francisco-based Surrozen is developing preclinical drugs to combat bowel and liver disorders using therapies targeting Wnt-pathways. The combined company is expected to list on the Nasdaq under the symbol “SRZN” once the deal
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D8 Holdings Corp. (DEH) to Combine with Vicarious Surgical in $1.1Bn Deal

Apr 15, 2021 INTEL by Kristi Marvin
D8 Holdings Corp. (NYSE: DEH) announced this morning that it will combine with surgical robot company Vicarious Surgical, Inc. at a proforma enterprise value of $1.119 billion, or 3.1x 2025 Revenue. Founded in 2014, Charleston, Massachusetts based Vicarious is a next generation robotics company developing a technology with the goal of increasing the efficiency of
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Roth CH Acquisition II Co. (ROCC) to Combine with Reservoir Holdings in $788M Deal

Roth CH II (NASDAQ:ROCC) has entered into a definitive agreement to combine with independent media company Reservoir Holdings at an enterprise value of $788 million, or 20x its 2022E EBITDA. New York City-based Reservoir is a family-owned music publisher with about 130,000 copyrights, 26,000 master recordings and hundreds of #1 releases. The combined company will
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BCTG Acquisition Corp. (BCTG) to Combine with Tango Therapeutics in $353M Deal

BCTG (NASDAQ:BCTG) has entered into a definitive agreement with biotech firm Tango Therapeutics, bringing total proceeds of $353 million into the deal. Tango is developing a range of cancer therapies designed to suppress tumor growth that are currently in pre-clinical stages. The combined company is expected to trade on the Nasdaq under the symbol “TNGX”
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TPG Pace Beneficial II Corp. (YTPG) Prices $350M IPO

TPG Pace Beneficial II Corp. announced the pricing of its $350 million IPO and its shares are expected to begin trading on the NYSE under the symbol “YTPG” April 14.

 TPG Pace Beneficial II is led by President Michael MacDougall, The new company aims to combine with a target that has strong ESG characteristics that is at an inflection point towards attractive risk-adjusted returns.

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IPO-Pricing

Altimeter Growth Corp. (AGC) to Combine with Grab in $31.2Bn Deal

Altimeter (NASDAQ:AGC) announced this morning that it intends to enter into a definitive agreement to combine with Asian ride-hailing service Grab at a pro forma enterprise value of $31.26 billion, or 26.1x its 2020 revenue. The transaction as proposed is by far the largest SPAC deal to date at nearly double the transaction value of
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SPAC-Terms-Tracker

SPAC IPO Terms Tracker: Staying Quiet

Apr 11, 2021 INTEL by Matt Cianci
Terms Tracker for the Week Ending April 9, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The SPAC market remains in a tightening mode, though there are some indications the worst may already be behind us. The IPO market resumed with
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RUMORS

Friday Rumor Roundup: Record-Breaking SPAC Deals Reportedly on the Horizon

The financial press has been aflutter with reports on SPAC deals in the works over the past 24 hours including from big-name SPAC teams. We’ve assembled them here to chew on as we head into the weekend. Ginko Bioworks Soaring Eagle Acquisiton Corp. (NASDAQ:SRNGU) is reportedly nearing a deal to combine with bioengineering firm Ginko
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The SEC’s Recent Statement on SPACs

The SEC gonna SEC…. By now, everyone has had a chance to digest the SEC statement posted last night by John Coates, Acting Director of the Division of Corporation Finance. And if you work in SPAC Land and didn’t hear about it, you’re on vacation. In the Himalayas. Without a phone. Everybody is talking about
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IPO-Pricing
IPO-Pricing
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TWC Tech Holdings II (TWCT) to Combine with Cellebrite in $1.8Bn Deal

TWC Tech II (NASDAQ:TWCT) has entered into a definitive agreement to combine with digital intelligence firm Cellebrite at an enterprise value of $1.81 billion, or 9.2x its 2020 revenue. Cellebrite provides a software platform to aid both government investigators and private sector business intelligence departments. The combined company is expected to trade on the Nasdaq
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