Soaring Eagle Acquisition Corp. (SRNGU) Prices $1.5Bn IPO

Feb 23, 2021 IPOs by Nicholas Alan Clayton

Soaring Eagle Acquisition Corp. announced the pricing of its $1.5 billion IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “SRNGU,” on Wednesday, February 24.

BOA Acquisition Corp. (BOAS.U) Prices Upsized $200M IPO

Feb 23, 2021 IPOs by Nicholas Alan Clayton

BOA Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “BOAS.U,” on Wednesday, February 24.

REMINDER: Collective Growth Corp. (CGRO) & Innoviz: Live Q&A

Feb 23, 2021 INTEL by Kristi Marvin

Collective Growth Corp. (CGRO) & Innoviz Technologies will be holding a live presentation and Q&A tomorrow at 1:00 p.m. (ET). If you haven’t previously registered, you can do so by clicking the link below.

Gores Holdings VII, Inc. (GSEVU) Prices Upsized $480M IPO

Feb 23, 2021 IPOs by Kristi Marvin

Gores Holdings VII, Inc. announced the pricing of its upsized $480 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “GSEVU,” Tuesday, February 23.

Gores Holdings V Inc. (GRSV) to Combine with Ardagh Metal Packaging in $8.5Bn Deal

Feb 23, 2021 INTEL by Nicholas Alan Clayton

Gores V (NASDAQ:GRSV) has entered into a definitive agreement to combine with the metal packaging division of recyclable materials producer Ardagh Group at an enterprise value of $8.5 billion, or 12.1x its 2021E EBITDA. Ardagh Metal Packaging provides recycled aluminum to the consumer packaging market with 24 recycling centers on three continents. The combined entity
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Churchill Capital Corp IV (CCIV) to Combine with Lucid Motors in $11.75Bn Deal

Feb 23, 2021 INTEL by Matt Cianci

Churchill Capital Corp IV (NYSE:CCIV) has (finally) entered into a definitive agreement to combine with Lucid Motors at an enterprise value of $11.75 billion. The deal comes after-hours on Monday, as shares in the pre-market are showing a steep discount to yesterday’s close. For those (extremely few) who missed the last 5+ weeks of hype,
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Arctos NorthStar Acquisition Corp. (ANAC.U) Prices $275M IPO

Feb 22, 2021 IPOs by Kristi Marvin

Arctos NorthStar Acquisition Corp. announced the pricing of its $275 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “ANAC.U,” Tuesday, February 23.

CM Life Sciences II Inc. (CMIIU) Prices Upsized $240M IPO

Feb 22, 2021 IPOs by Kristi Marvin

CM Life Sciences II Inc. announced the pricing of its upsized $240 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “CMIIU,” Tuesday, February 23.

Velocity Acquisition Corp. (VELOU) Prices $200M IPO

Feb 22, 2021 IPOs by Kristi Marvin

Velocity Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “VELOU,” Tuesday, February 23.

FTAC Athena Acquisition Corp. (FTAAU) Prices $220M IPO

Feb 22, 2021 IPOs by Kristi Marvin

FTAC Athena Acquisition Corp. announced the pricing of its $220 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “FTAAU,” Tuesday, February 23.

Slam Corp. (SLAMU) Prices $500M IPO

Feb 22, 2021 IPOs by Kristi Marvin

Slam Corp. announced the pricing of its $500 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “SLAMU,” Tuesday, February 23.

Rodgers Silicon Valley Acquisition Corp (RSVA) to Combine with Enovix Corporation in $1.128Bn Deal

Feb 22, 2021 INTEL by Kristi Marvin

Rodgers Silicon Valley Acquisition Corp (NASDAQ:RSVA) has entered into a definitive agreement to combine with Enovix Corporation, a designer and manufacturer of next generation 3D Silicon™ Lithium-ion batteries, for an implied enterprise value of $1.128 billion, representing 1.41x estimated 2025 Revenue.

Trident Acquisitions Corp. (TDAC) to Combine with Lottery.com in $526M Deal

Feb 22, 2021 INTEL by Nicholas Alan Clayton

Trident (NASDAQ:TDAC) has entered into a definitive agreement to combine with Lottery.com at an enterprise value of $526 million, or 7.4x its 2021E revenue. Lottery.com allows users to play lottery games through a mobile app and also serves as a data provider for about 400 digital publishers. The combined entity is expected to trade on
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Northern Star Investment Corp. II (NSTB) to Combine with Apex Clearing Holdings in $4.7Bn Deal

Feb 22, 2021 INTEL by Matt Cianci

Northern Star Investment Corp II (NYSE:NSTB) has entered into a definitive agreement to combine with Apex Clearing Holdings, “the FinTech for FinTechs”, at an enterprise value of $4.662 billion, or 11.2x its 2023E Revenue. Apex’s fast, secure and reliable digital custody and clearing platform, Apex Clearing, is driving transformation of the financial services industry. Apex
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NextGen Acquisition Corporation (NGAC) to Combine with Xos in $1.45Bn Deal

Feb 22, 2021 INTEL by Nicholas Alan Clayton

NextGen (NASDAQ:NGAC) has entered into a definitive agreement to combine with electric vehicle (EV) maker Xos at an enterprise value of $1.45 billion, or 0.5x its 2024E revenue. Xos makes electric medium and heavy trucks for commercial fleet clients with its first prototypes on the road and full-scale production expected to begin this year. The
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Fortress Value Acquisition Corp. II (FAII) to Combine with ATI Physical Therapy in $2.5Bn Deal

Feb 22, 2021 INTEL by Nicholas Alan Clayton

Fortress Value II (NYSE:FAII) has entered into a definitive agreement to combine with ATI Physical Therapy at an enterprise value of $2.5 billion, or 14x its 2022E EBITDA. ATI runs a network of 875 physical therapy clinics in 25 states, with about 41% of its business serving government clients or worker compensation care. The combined
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Starboard Value Acquisition Corp. (SVAC) to Combine with Cyxtera in $3.4Bn Deal

Feb 22, 2021 INTEL by Nicholas Alan Clayton

Starboard Value (NASDAQ:SVAC) has entered into a definitive agreement to combine with data center provider Cyxtera at an enterprise value of $3.4 billion, or 4.9x its 2020E revenue. Coral Gables, Florida-based Cyxtera provides retail data centers and interconnection services on three continents to about 2,300 clients. The combined entity is expected to trade under the
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SPAC IPO Terms Tracker: Approaching Normal

Feb 20, 2021 INTEL by Matt Cianci

Terms Tracker for the Week Ending February 19, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. A week of just 12 IPOs grossing $3.44 billion feels somewhat like the old normal, though 44 new SPAC filings in a week worth a
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Risky Business: Protecting your de-SPAC Transaction

Feb 19, 2021 INTEL by Kristi Marvin

As merger and acquisition activity heats up, SPACs can use insurance to safeguard their investments against target liabilities that emerge following a de-SPAC transaction.

Mike Blankenship, Partner, Capital Markets, Winston Strawn
Andrew Pelzer, Practice Leader, Transaction Advisory Practice, NFP
Andrew Pendergast, SPAC Practice Leader, NFP

Protecting SPAC Investment

SPACs are completing IPOs at a record pace.

Eric’s Top 3 SPAC Targets – Drones

Feb 19, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributor Eric Weidemann this week compiled his three favorite potential SPAC targets among drone technology developers. We look at why they are compelling and why each could be a fit for a blank-check merger.