Gardiner Healthcare Acquisitions Corp. (GDNRU) Prices $75M IPO

Dec 21, 2021 IPOs by Marlena Haddad

Gardiner Healthcare Acquisitions Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GDNRU” Wednesday, December 22.

The new SPAC intends to target businesses in the healthcare industry, particularly for North American or European companies in the life sciences and medical technology sectors, with a specific focus on small and large molecule therapeutics.

Altimar Acquisition Corp. II (ATMR) Shareholders Approve Fathom Deal

Dec 21, 2021 INTEL by Marlena Haddad

Altimar Acquisition Corp. II (NYSE:ATMR) announced this afternoon that its shareholders approved its combination with on-demand manufacturing firm Fathom in a special meeting held earlier today.

A total of 31,487,038 ordinary shares, representing approximately 73.02% of the outstanding ordinary shares entitled to vote, were present at the special meeting.

European Sustainable Growth Acquisition (EUSG) Shareholders Approve ADS-TEC Deal

Dec 21, 2021 INTEL by Marlena Haddad

European Sustainable Growth Acquisition (NASDAQ:EUSG) announced this afternoon that its shareholders approved its combination with EV battery-maker ADS-TEC in a special meeting held earlier today.

Holders of 12,089,854 ordinary shares were present in person or by proxy at today’s meeting, representing 67.05% of EUSG’s voting power.

MCAP (MACQ) Shareholders Approve AdTheorent Deal

Dec 21, 2021 INTEL by Marlena Haddad

MCAP Acquisition Corp. (NASDAQ:MACQ) announced this afternoon that its shareholders have approved its combination with digital advertising firm AdTheorent in a special meeting held earlier today.

Although MCAP did not disclose redemption numbers, the SPAC traded slightly above $10 throughout its redemption deadline December 17 and opened today at $10.

The Latest SPAC News and Rumors: December 21, 2021

Dec 21, 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: Nikola to pay SEC penalty, Cohn Robbins SPAC discusses merger with Allwyn, and SEC demands Chinese firms bolster risk disclosures for investors

Nikola to Pay $125 Million SEC Penalty Over Milton Comments

Nikola Corp.

Zanite Acquisition Corp. (ZNTE) to Combine with Eve in $2.4Bn Deal

Dec 21, 2021 INTEL by Nicholas Alan Clayton

Zanite (NASDAQ:ZNTE) has entered into a definitive agreement to combine with urban air mobility firm Eve at an enterprise value of $2.37 billion, or 8.5x 2028E EBITDA. Florida-based Eve is the electric vertical takeoff and landing (eVTOL) subsidiary of Brazilian aviation manufacturer Embraer (NYSE:ERJ) aiming to commercialize its designs as air taxis and other mobility
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Larkspur Health Acquisition Corp. (LSPRU) Prices $75M IPO

Dec 20, 2021 IPOs by Anthony Sozzi

Larkspur Health Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LSPRU” Tuesday, December 21.

The new SPAC intends to focus on companies in the biotechnology sector and would benefit from access to public markets and the operational and strategic expertise of our management team and board of directors.

Sagaliam Acquisition Corp. (SAGAU) Prices $100M IPO

Dec 20, 2021 IPOs by Marlena Haddad

Sagaliam Acquisition Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SAGAU” Tuesday, December 21.

The new SPAC intends to capitalize on the capabilities of its management team and sponsor to identify, acquire and operate a business that may provide opportunities for attractive risk-adjusted returns in the telecommunications, media, and technology industries.

NorthView Acquisition Corp. (NVACU) Prices Upsized $165M IPO

Dec 20, 2021 IPOs by Marlena Haddad

NorthView Acquisition Corp. announced the pricing of its upsized $165 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NVACU” Monday, December 20.

The new SPAC intends to focus its initial search on target businesses in the healthcare sector with an enterprise value of approximately $500 million to $2 billion.

CF Acquisition Corp. V (CFV) Adjourns Vote for Satellogic Deal Again

Dec 20, 2021 INTEL by Marlena Haddad

CF Acquisition Corp. V (NASDAQ:CFV) has once again adjourned its special meeting without finalizing its shareholder vote to approve its merger with orbital imagery company Satellogic.

CFV originally adjourned its meeting on December 8, before moving it to today.

The Latest SPAC News and Rumors: December 20, 2021

Dec 20, 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: Zegna debuts on Wall Street following $3Bn SPAC deal

Italian Luxury Group Zegna Debuts on Wall Street in $3 Bln Deal

Shares in Italian luxury group Zegna rose in New York on Monday, where they debuted after completing a merger with a U.S.

Dynamics Special Purpose Corp. (DYNS) to Combine with Senti Biosciences

Dec 20, 2021 INTEL by Marlena Haddad

Dynamics (NASDAQ:DYNS) has entered into a definitive agreement to combine with leading Gene Circuit company Senti Biosciences at an enterprise value of $276 million. San Francisco-based Senti Bio uses its Gene Circuit platform to develop next-generation cell and gene therapies to enhance therapeutic effectiveness against diseases. The combined company is expected to be listed on
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ITHAX Acquisition Corporation (ITHX) to Combine with Mondee Inc. in $842M Deal

Dec 20, 2021 INTEL by sam.beattie

ITHAX Acquisition Corporation (NASDAQ: ITHX) has entered into a definitive agreement to combine with technology-first travel marketplace company Mondee at an enterprise value of $842 million or 7.2x its 2023E revenue. The Silicon Valley-based company delivers an operating platform, modern ecosystem, and segment-specific content for the gig economy, remote workers, and travelers, mostly in the
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Globis Acquisition Corp. (GLAQ) to Combine with Forafric in $300M Deal

Dec 20, 2021 INTEL by Nicholas Alan Clayton

Globis (NASDAQ:GLAQ) has entered into a definitive agreement to combine with African agribusiness Forafric at an equity value of $300 million. Casablanca-based Forafric produces flour and semolina as well as secondary processing products such as pasta and couscous out of plants in North and Sub-Saharan Africa. The combined company is expected to change its jurisdiction
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L&F Acquisition Corp. (LNFA) to Combine with ZeroFox in $1.3Bn Deal

Dec 20, 2021 INTEL by Nicholas Alan Clayton

L&F (NYSE:LNFA) has entered into a definitive agreement to combine with cybersecurity firm ZeroFox at an enterprise value of $1.3 billion, or 6.7x 2023E revenue. Baltimore, Maryland-based ZeroFox provides external threat intelligence and protection to businesses, brands and people and the company will acquire peer IDX as a part of this transaction, which specializes in
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SPAC IPO Terms Tracker: The Last Full Week of the Year

Dec 18, 2021 INTEL by sam.beattie

Terms Tracker for the Week Ending Dec. 17th, 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 week ending December 17th, we saw only three new S-1 registration statements, half as many as last week, and 15 IPOs priced, four
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Gores Guggenheim (GGPI) Adds New PIPE to Polestar Deal

Dec 17, 2021 INTEL by Marlena Haddad

Gores Guggenheim (NASDAQ:GGPI) announced this afternoon that it has arranged a $136 million new PIPE for its deal with Swedish electric vehicle-maker (EV) Polestar while also amending the sponsor subscription agreement, the Volvo cars subscription agreement, and the lock-up. As background, Gores Guggenheim originally announced it’s deal bringing about $800 million into the deal from
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Has the Growth of SPACs Led to an Increase in Litigation?

Dec 17, 2021 INTEL by Kristi Marvin

D&O insurance provider NFP, took a historical look at securities litigation within the SPAC asset class and prepared a report of their findings. Read on to see the results.

Andrew Pendergast, SPAC & GPL Practice Leader, NFP
Jonathan Abbott, FCAS, MAAA, Senior Vice-President, NFP

With the dramatic increase in SPAC D&O rates over the past 18 months we sought to answer whether SPACs are being targeted with securities litigation more frequently now than they have been historically, or if the percentage of SPACs being sued has remained relatively constant while the number of IPOs has increased.

Armada Acquisition Corp. I (AACI) to Combine with Rezolve in $1.8Bn Deal

Dec 17, 2021 INTEL by Marlena Haddad

Armada I (NASDAQ:AACI) has entered into a definitive agreement to combine with mobile commerce firm Rezolve at an enterprise value of $1.85 million, or 8.4x 2022E revenue of $219 million. London-based Rezolve enables the transformation of interactions between consumers and merchants on mobile devices by converting media into an interactive experience. The combined company is
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The Latest SPAC News and Rumors: December 17, 2021

Dec 17, 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: Hong Kong to allow SPAC listings next month, Belgium Proximus rises following TeleSign deal, and asset manager claims he was frozen out of Trump Media SPAC

Hong Kong Stock Exchange to Allow SPAC Listings Next Month

Hong Kong unveiled its rulebook for blank check companies, allowing for listings at the start of next year while setting a strict regime to safeguard investors.