LF Capital Acquisition Corp. II (LFACU) Prices $225M IPO

Nov 16, 2021 IPOs by Marlena Haddad

LF Capital Acquisition Corp. II announced the pricing of its $225 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LFACU” Wednesday, November 17.

The Latest SPAC News and Rumors: November 16, 2021

Nov 16, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Grab’s ride-hailing service disrupted across Southeast Asia, Swiss bourse to allow SPACs, and Swvl acquires ViaPool

Grab Suffers Hours-Long App Outage Ahead of Landmark SPAC Debut

Grab Holdings Inc.,

Archimedes Tech SPAC Partners Co. (ATSPT) to Combine with SoundHound in $2Bn Deal

Nov 16, 2021 INTEL by Nicholas Alan Clayton

Archimedes Tech (NASDAQ:ATSPT) has entered into a definitive agreement to combine with voice AI firm SoundHound at an enterprise value of $2.1 billion, or 18.8x its 2023E revenue. Santa Clara, California-based SoundHound provides AI-powered voice engagement tools for a wide range of companies including car manufacturers and device-makers. The combined company is expected to trade
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Energem Corp. (ENCPU) Prices $100M IPO

Nov 16, 2021 IPOs by Anthony Sozzi

Energem Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ENCPU” Tuesday, November 16.

The new SPAC intends to focus on the energy value chain with an immediate plan to focus on South East Asia and Asia Pacific Regions (outside of China and Hong Kong), specifically in the oil and gas and other potential renewable energy businesses.

Queen’s Gambit Growth Capital (GMBT) Adds FPA and PIPE to Swvl Deal

Nov 16, 2021 INTEL by Nicholas Alan Clayton

Queen’s Gambit (NASDAQ:GMBT) announced this morning that it has supplemented the financing for its business combination with Swvl by adding a forward purchase agreement and PIPE. New investor OTC Equity Prepaid Forward Transaction has agreed to purchase up to 10,000,000 shares slated for redemption and has an overall right to buy 2,500,000 or more shares at
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More SPAC Accounting Changes. This Time, Not Meaningful

Nov 15, 2021 INTEL by Kristi Marvin

Today it was reported that SPACs are yet again undergoing additional accounting scrutiny, but is this a mountain out of a molehill? Or something we need to pay attention to? Short answer: meh. It was reported with headlines stating that SPACs were “headed for additional accounting restatements due to errors“, but that’s not correct. If
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Khosla Ventures Acquisition Co. (KVSA) and Valo Health Mutually Terminate Deal

Nov 15, 2021 INTEL by Kristi Marvin

Khosla Ventures Acquisition Co. (NASDAQ:KVSA) and Valo Health, a technology company using human-centric data and artificial intelligence (AI) powered computation to transform the drug discovery and development process, announced this evening that they have opted to mutually terminate their business combination agreement. The parties cited the move was a result of “current market conditions, particularly
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CHP Merger Corp. (CHPM) to Combine with Accelus in $482M Deal

Nov 15, 2021 INTEL by Marlena Haddad

CHP Merger Corp. (NASDAQ:CHPM) has entered into a definitive agreement to combine with medical technology company Accelus at an enterprise value of approximately $482 million, or 10.0x 2022E revenue.

Palm Beach Gardens, Florida-based Accelus is a commercial stage medical technology company that focuses on minimally invasive surgery as the standard of care in spine.

The Latest SPAC News and Rumors: November 15, 2021

Nov 15, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Vacasa reports third quarter results and Revelation Biosciences initiates Phase 1b clinical study of REVTx-99

Vacasa Reports Record Third Quarter 2021 Results

Vacasa, North America’s leading vacation rental management platform, today announced financial results for the third quarter ended September 30, 2021.

Waldencast Acquisition Corp. (WALD) to Combine with OBAGI and Milk Makeup in $1.2Bn Deal

Nov 15, 2021 INTEL by Nicholas Alan Clayton

Waldencast (NASDAQ:WALD) has entered into a definitive agreement to combine with beauty brands OBAGI and Milk Makeup at an enterprise value of $1.24 billion, or 24.7x its 2022E adjusted EBITDA. OBAGI provides medical-grade skincare products and Milk Makeup provides clean 100% vegan cosmetics via retail stores and its native ecommerce site. The combined company is
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DFP Healthcare (DFPH) Shareholders Approve The Oncology Institute Deal

Nov 15, 2021 INTEL by Marlena Haddad

DFP Healthcare Acquisition Corp. (NASDAQ:DFPH) announced in a press release today that it secured shareholder approval of its combination with community-based clinic operator The Oncology Institute (TOI) in a special meeting held last Friday. The press release disclosed that TOI raised approximately $334 million of cash proceeds, including $275 million from a PIPE, implying $59
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Thimble Point (THMA) and Pear Therapeutics Arrange Backstop Funding

Nov 15, 2021 INTEL by Kristi Marvin

Thimble Point Acquisition Corp, Inc. (NASDAQ: THMA) and Pear Therapeutics, announced this morning that they have arranged an “up to $50 million” backstop funding ahead of their scheduled shareholder vote later this month. THMA previously disclosed a $125 million PIPE at combination announcement with a large roster of investors that includes 5AM Ventures, Arboretum Ventures,
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Leo Holdings III Corp. (LIII) Pre-Announces Successful Quorum Ahead of Vote

Nov 15, 2021 INTEL by Nicholas Alan Clayton

Leo III (NYSE:LIII) announced this morning that it has already achieved a quorum with most votes in the approval column for its shareholder vote to approve its combination with Local Bounti scheduled for tomorrow. The SPAC has worked to smooth out the vote by both extending the deadline for shareholders to make redemption decisions to
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East Stone Acquisition Corporation (ESSC) Adds Backstop

Nov 15, 2021 INTEL by Nicholas Alan Clayton

East Stone (NASDAQ:ESSC) announced in an 8-K this morning that it has agreed to backstops with institutional investors ahead of its completion vote later this month. East Stone has an estimated $10.26 per share in trust and so it could still use some breathing room. In this case, the backstop also applies to two separate
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SPAC IPO Terms Tracker: IPO Performance Remains Underwhelming

Nov 13, 2021 INTEL by sam.beattie

Terms Tracker for the Week Ending Nov. 12, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week, we saw nine new S-1 registration statements, four less than last week, and 14 IPOs, nine less than last week. As we approach
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Mountain Crest Acquisition Corp. V (MCAGU) Prices $60M IPO

Nov 12, 2021 IPOs by Anthony Sozzi

Mountain Crest Acquisition Corp. V announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MCAGU” Friday, November 12.

The Latest SPAC News and Rumors: November 12, 2021

Nov 12, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Desktop Metal completes acquisition of ExOne and Barrows Hotel Enterprises focuses on hotel improvements

Desktop Metal Completes Acquisition of ExOne, Cementing Its Leadership in Additive Manufacturing for Mass Production

Desktop Metal, Inc.

Austerlitz I (AUS) Terminates Wynn Interactive Deal

Nov 12, 2021 INTEL by Nicholas Alan Clayton

Austerlitz I (NYSE:AUS) announced this morning it has mutually terminated its business combination with online gaming company Wynn Interactive. This follows a spate of deal revisions in SPAC land and it is possible that Austerlitz also attempted re-negotiate the terms of its transaction. But, this deal was different in that it targeted a subsidiary of
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Top 3 SPAC Targets – Beyond the Infrastructure Bill

Nov 12, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies poised to take big leaps while the Biden infrastructure deal is paying out on upgrading the US.

Integrated Rail and Resources Acquisition Corp. (IRRX.U) Prices $200M IPO

Nov 11, 2021 IPOs by Marlena Haddad

Integrated Rail and Resources Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “IRRX.U” Friday, November 12.