CleanTech (NASDAQ:CLAQ) has entered into a definitive agreement to combine with subsea robot company Nauticus at an enterprise value of $377 million, or 4x its 2023E revenue. The Houston, Texas-based company provides undersea robotics platforms for maintenance, security and other tasks. The combined company is expected to trade on the Nasdaq under the symbol “KITT”
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies in the NFT space. We look at why they are compelling and why each could be a fit for a blank-check merger.
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CM Life Sciences III (NASDAQ:CMLT) announced this morning that its shareholders approved its combination with biotech firm EQRx in a special meeting yesterday.
The 8-K did not disclose redemption figures but, CM III went into the vote with at least some risk having traded below $10 since August.
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AP Acquisition Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the NYSE under the symbol “APCA.U” Friday, December 17.
The new SPAC focus on the de-carbonization / renewable energy sectors, with a particular focus in Japan /Asia (excluding Mainland China, Hong Kong and Macau) and European markets, and complement the experience of our management team and its operational expertise.
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Revelstone Capital Acquisition Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RCACU” Friday, December 17.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Spree Acquisition Corp. 1 Limited announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “SHAP.U” Thursday, December 16.
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FTAC Emerald Acquisition Corp. announced the pricing of its $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EMLDU” Thursday, December 16.
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Ault Disruptive Technologies Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ADRTU” Thursday, December 16.
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Investindustrial Acquisition Corp. (NYSE:IIAC) announced this afternoon that its shareholders have approved its combination with Italian fashion group Zegna in a special meeting held earlier today.
The business combination was overwhelmingly approved as 35,660,185 shares voted in favor of the deal.
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CF Acquisition Corp. VII announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CFFSU” Thursday, December 16.
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Isos Acquisition Corp. (NYSE:ISOS) announced this afternoon that its shareholders have approved its combination with bowling center operator Bowlero in a special meeting held yesterday.
The business combination was approved by a majority of Isos stockholders as approximately 90% of the votes cast at the meeting were in favor of the transaction.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Fintech Acquisition Corp.
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Digital World (NASDAQ:DWAC) target Trump Media & Technology Group has announced a cloud services partnership with digital media platform Rumble, which itself has a pending deal with CF VI (NASDAQ:CFVI).
As has been the trend with both deals, little concrete information was released on this new arrangement, but it nonetheless has translated into high-volume buying for both stocks.
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Matterport (NASDAQ:MTTR) announced this morning that it will redeem all outstanding warrants and warrantholders have until 5 pm ET, January 14, 2022 to exercise them.
The company, which completed its combination with Gores VI in July, has been a relative bright spot among de-SPACs in the current market, hitting a high of $33.48 on November 29 and generally trading above $20 since Halloween.
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EVe Mobility Acquisition Corp announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “EVE.U” Wednesday, December 15.
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