SCVX and Bright Machines Mutually Terminate Deal

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SCVX and Bright Machines Mutually Terminate Deal

Dec 13, 2021 INTEL by Kristi Marvin

SCVX Corporation(NASDAQ:SCVX) and Bright Machines, the San Francisco-based company that uses artificial intelligence and robotics to automate tasks in electronic manufacturing, announced this morning that they have opted to mutually terminate their business combination agreement. The companies were particularly candid in saying, “In light of the low likelihood that the business combination agreement could be completed
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SVF Investment Corp. 3 (SVFC) to Combine with Symbotic in $4.8Bn Deal

SVF 3 (NASDAQ:SVFC) has entered into a definitive agreement to combine with AI supply chain technology firm Symbotic at an enterprise value of $4.75 billion, or 4.8x its 2023E revenue. Wilmington, Massachusetts-based Symbotic provides technology to either retrofit or build greenfield automated warehouses for the supermarket and retail supply chain. The combined company is expected
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Broadstone (BSN) Announces Preliminary Shareholder Approval

Broadstone Acquisition Corp. (NYSE:BSN) announced this morning that it expects to receive shareholder approval at its special meeting set to vote on its combination with Vertical Aerospace tomorrow. This vote will not be final until after the meeting concludes, but Broadstone likely hopes that this early result might nudge the results up a bit. The
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North Mountain Merger Corp. (NMMC) to Combine with Corcentric in $1.2B Deal

North Mountain Merger Corp. (NASDAQ:NMMC) has entered into a definitive agreement to combine with  commerce solutions provider Corcentric at an enterprise value of $1.2 billion, or 8.1x multiple to 2022E revenue. Cherry Hill, New Jersey-based Corcentric is a provider of B2B commerce solutions for enterprise and middle-market businesses, comprising over 450,000 buyers and 1.4 million
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CC Neuberger II (PRPB) to Combine with Getty Images in $4.8Bn Deal

CC Neuberger II (NYSE:PRPB) has entered into a definitive agreement to combine with visual content marketplace Getty at an enterprise value of $4.8 billion, or 15.2x 2022E adjusted EBITDA. Seattle-based Getty serves about 1 million customers, licensing to them visual content from about 450,000 contributors covering about 160,000 news, sport and entertainment events annually. The
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Yucaipa (YAC) Announces Preliminary Redemption Results

Dec 10, 2021 INTEL by Kristi Marvin
Yucaipa Acquisition Corporation (NYSE:YAC) announced this morning that they expect to close their business combination with Signa Sports United on Tuesday, December 14. This vote will not be final until after the meeting concludes at 10:00 am, December 13. However, since the redemption deadline has passed, they anticipate $484 million through a combination of YAC
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FAST (FST) and Fertitta Entertainment Call it Quits

Dec 10, 2021 INTEL by Kristi Marvin
After announcing their combination over 10 months ago, FAST Acquisition Corp (NYSE: FST) and Fertitta Entertainment, Inc. (“FEI”), announced this morning that they are officially terminating their intended business combination. How did we get here? Well, the FAST/FEI deal was originally announced on February 1, 2021, and from the get-go consistently traded above $10.00. In
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Healthcare AI Acquisition Corp. (HAIAU) Prices $200M IPO

Dec 10, 2021 IPOs by Marlena Haddad

Healthcare AI Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HAIAU” Friday, December 10.

The new SPAC intends to focus on healthcare and pharmaceutical companies in the e-clinical, healthcare information technology or outsourced pharmaceutical services industries with high AI readiness and technological transformation potential.

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Trajectory Alpha Acquisition Corp. (TCOA.U) Prices $150M IPO


Trajectory Alpha Acquisition Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the NYSE under the symbol “TCOA.U” Friday, December 10.

The new SPAC intends to identify and work with a disruptive, technology-driven business that leverages its unique intellectual property IP and proprietary data to develop a sustainable competitive advantage and, in turn, dislodge slower moving incumbents in the target’s selected end markets. 

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The Latest SPAC News and Rumors: December 9, 2021


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

Latest SPAC News: Gensler targets SPAC disclosures as SEC considers tougher rules, Berlin venture fund 468 Capital plans second SPAC listing, and System 1’s MapQuest agrees to acquire RoadWarrior


Gensler Targets SPAC Disclosures as SEC Considers Tougher Rules

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