Investcorp Europe Acquisition Corp. I (IVCBU) Prices Upsized $300M IPO

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The Latest SPAC News and Rumors: December 14, 2021


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

Latest SPAC News: Bill Ackman’s SPAC calls investor claim that it’s illegal ‘fictional’, and SoundHound partners with Netflix


Bill Ackman’s SPAC Calls Investor Claim That It’s Illegal ‘Fictional’

Bill Ackman’s Pershing Square Tontine Holdings Ltd.

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Gores Holdings VIII (GIIX) to Combine with Footprint in $1.6Bn Deal

Gores VIII (NASDAQ:GIIX) has entered into a definitive agreement to combine with sustainable materials company Footprint at an enterprise value of $1.6 billion, or 3.2x its 2023E revenue. Gilbert, Arizona-based Footprint develops and manufactures new molded fiber packaging solutions with the goal of eliminating plastics from the consumer marketplace. The combined company is expected to
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Spring Valley (SV) to Combine with NuScale Power in $1.9Bn Deal

Spring Valley (NASDAQ:SV) has entered into a definitive agreement to combine with nuclear power provider NuScale Power at an enterprise value of $1.86 billion, or 1.8x its 2025E revenue. Portland, Oregon-based NuScale has designed and is working to deploy a uniquely flexible nuclear power plant design with its first project scheduled for installation in Utah.
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Capstar Special Purpose (CPSR) Board Member Quits Over Gelesis Deal

Dec 14, 2021 INTEL by Kristi Marvin
In an 8-K filed this morning, it was revealed that Capstar Special Purpose board member (NYSE:CPSR), Jamie Weinstein, was resigning from Capstar’s board specifically because he “can no longer support the proposed business combination (the “Proposed Transaction”) of Capstar with Gelesis, Inc. (“Gelesis”), and I can no longer recommend the Proposed Transaction to Capstar’s stockholders,
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CITIC Capital (CCAC) Adds New Financing to Quanergy Deal

CITIC Capital (NYSE:CCAC) announced this morning that it has agreed to additional financing that could bring as much as $125 million in new money to its combination partner Quanergy following the deal’s close. The SPAC signed a share subscription facility with Global Emerging Markets Group (GEM), which works similarly to a delayed-action PIPE. GEM will
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Kairous Acquisition Corp. Limited (KACLU) Prices $75M IPO

Dec 13, 2021 IPOs by Marlena Haddad

Kairous Acquisition Corp. Limited announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “KACLU” Tuesday, December 14.

The new SPAC intends to focus on fast growing tech companies in different industry verticals, including but not limited to e-commerce, financial technology, insurance technology, digital health, digital media and digital services.

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Global Consumer Acquisition Corp. (GACQ) to Combine with GP Global and Luminex

Global Consumer (NASDAQ:GACQ) has entered into a definitive agreement to combine with air care companies GP Global and Luminex at a combined enterprise value of $507.1 million, or 6.9x its 2023E EBITDA. The two companies are expected to consolidate their brands Candle-Lite, Manly Indulgence, Colonial Candle, and PartyLite under a new brand umbrella called Ascense.
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Haymaker III (HYAC) to Combine with Biote in $737M Deal

Dec 13, 2021 INTEL by Kristi Marvin
Haymaker Acquisition Corp. III (NASDAQ:HYAC) has entered into a definitive agreement to combine with hormone-optimization medical practice builder Biote at an enterprise value of $667 million, or 4.0-4.2x multiple to 2022E sales. Irving, Texas-based Biote is a high-growth, differentiated medical practice-building business with a bioidentical hormone replacement optimization platform and complementary nutraceutical business. The company
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AEA-Bridges Impact Corp. (IMPX) to Combine with LiveWire in $1.77B Deal

AEA-Bridges Impact Corp. (“ABIC”) (NYSE:IMPX) has entered into a definitive agreement to combine with Harley-Davidson’s (NYSE:HOG) electric motorcycle division LiveWire at an enterprise value of $1.77 billion, or 1.0x multiple to 2026E revenue. Milwaukee-based LiveWire plans to draw on its DNA as an agile disruptor from the lineage of Harley-Davidson to capitalize on a decade
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Aries I (RAM) to Combine with InfiniteWorld in $554M Deal

Aries I (NASDAQ:RAM) has entered into a definitive agreement to combine with metaverse infrastructure platform InfiniteWorld at an enterprise value of $554 million, or 7.8x its 2023E revenue. Miami-based InfiniteWorld is developing both a marketplace for creators to sell NFTs, but also creative tools to generate new ones tailored to both individuals and brands. The
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