The Latest SPAC News and Rumors: November 11, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
LAMF Global Ventures Corp. I (LGVCU) Prices Upsized $220M IPO
LAMF Global Ventures Corp. I announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “LGVCU” Thursday, November 11.
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VMG Acquisition Corp. (VMGAU) Prices $200M IPO
VMG Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VMGAU” Thursday, November 11.
The new SPAC intends to identify and complete a business transaction with a company in the high-growth consumer and retail industry.
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Northern Genesis II (NGAB) Shareholders Approve Embark Deal
Northern Genesis Acquisition Corp. II (NYSE:NGAB) secured shareholder approval of its combination with autonomous trucking technology developer Embark Trucks Inc. in a special meeting held yesterday.
NGAB’s 8-K filing disclosed that stockholders holding 29,986,289 shares exercised their right to redeem for a pro rata portion of the funds, removing 72.431% of the SPAC’s trust account.
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The Latest SPAC News and Rumors: November 10, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Kin Insurance sees growth accelerate at start of fourth quarter, and Clover Health strengthens presence across Georgia with new contracts
Kin Insurance Sees Growth Accelerate at the Start of Fourth Quarter 2021, While Adjusted Loss Ratio Improves
Kin Insurance, Inc.,
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Virtuoso Acquisition Corp. (VOSO) and Wejo Secure Additional Financing
Virtuoso Acquisition Corp. (Nasdaq:VOSO) announced this morning that they have secured additional financing ahead of their scheduled shareholder vote to combine with Wejo on Tuesday, November 16th. VOSO previously announced a $100 million PIPE with investors including Microsoft (Nasdaq: MSFT), Palantir Technologies Inc. (NYSE:PLTR) and General Motors (NYSE:GM), in connection with their combination announcement onRead More
Rosecliff Acquisition Corp. (RCLF) to Combine with Gett in $1Bn Deal
Rosecliff (NASDAQ:RCLF) has entered into a definitive agreement to combine with transportation management firm Gett at an enterprise value of $1 billion, or 5.4x its 2021E revenue. London-based Gett provides software to help clients manage employee ground transportation including booking, payments and analytics. The combined company is expected to trade on the Nasdaq under theRead More
Ventoux CCM (VTAQ) to Combine with Presto in $816.8M Deal
Ventoux CCM Acquisition Corp. (NASDAQ:VTAQ) has entered into a definitive agreement to combine with restaurant management software provider Presto, at a fully diluted enterprise value of $816.8M, or 7.2x CY23E revenue. Silicon Valley-based Presto provides automation technology for the restaurant sector including many of the top 20 restaurant chains in the U.S. The combined companyRead More
Velocity Acquisition Corp. (VELO) Terminates BBQGuys Deal
Velocity Acquisition Corp. (NASDAQ:VELO) announced this morning that it and BBQGuys, a specialty e-commerce platform for higher-end BBQ grills, grilling accessories and outdoor living projects, have mutually agreed to terminate their business combination. Th parties cited the move was “a result of current supply chain factors that are affecting the results of the BBQGuys businessRead More
Crown PropTech Acquisitions (CPTK) to Combine with Brivo in $808M Deal
Crown PropTech (NYSE:CPTK) has entered into a definitive agreement to combine with smart building solutions provider Brivo at an enterprise value of $808 million, or 7.3x its 2022E revenue. Bethesda, Maryland-based Brivo provides cloud-connected property management software and hardware to commercial clients including developers and businesses. The combined company is expected to trade on theRead More
Blockchain Coinvestors Acquisition Corp. I (BCSAU) Prices Upsized $261M IPO
Blockchain Coinvestors Acquisition Corp. I announced the pricing of its upsized $261 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BCSAU” Wednesday, November 10.
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Arena Fortify Acquisition Corp. (AFACU) Prices $150M IPO
Arena Fortify Acquisition Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AFACU” Wednesday, November 10.
The new SPAC intends to focus on acquisition candidates that have either recently emerged from bankruptcy court protection or will require incremental capital as part of a balance sheet restructuring within the broad natural resources industry.
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Chain Bridge I (CBRGU) Prices $200M IPO
Chain Bridge I announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CBRGU” Wednesday, November 10.
The new SPAC intends to focus its efforts on identifying a prospective target company possessing emerging, innovative technology that can help the U.S.
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Ascendant Digital Acquisition Corp. III (ACDI.U) Prices Upsized $261M IPO
Ascendant Digital Acquisition Corp. III announced the pricing of its upsized $261 million IPO and its units are expected to begin trading on the NYSE under the symbol “ACDI.U” Wednesday, November 10.
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RCF Acquisition Corp. (RCFA.U) Prices $200M IPO
RCF Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RCFA.U” Wednesday, November 10.
The new SPAC intends to target assets or businesses of scale across the critical minerals value chain that are poised to benefit over the long-term from the substantial market opportunity created by the global energy transition.
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Khosla Ventures (KVSA) Adds to Valo Health PIPE
Khosla Ventures Acquisition Co. (NASDAQ:KVSA) announced this afternoon that it has added another $1.125 million to the PIPE for its deal with drug discovery platform Valo Health. The recent commitments were made by Valo’s CEO & Founder David Berry, and CFO Graeme Bell, which will be subject to a 180-day lock-up following the closing. TheRead More
USHG Acquisition Corp. (HUGS) to Partner With Panera Brands
It’s Déjà Vu as Danny Meyers treads a similar path to Bill Ackman This morning it was announced that USHG Acquisition Corp. (NYSE:HUGS) signed a definitive agreement to become a cornerstone partner with hospitality company Panera Brands as Panera pursues a traditional IPO. This deal, at first blush, has strong echoes of the Pershing SquareRead More
The Latest SPAC News and Rumors: November 9, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Abu Dhabi proposes SPAC framework, SPAC tied to Trump’s media venture seeks Wall Street backing, and Nextdoor surges following merger
Abu Dhabi’s Stock Exchange Submits SPAC Framework Proposal
Abu Dhabi has proposed a regulatory framework to allow the listing of blank-check companies, potentially opening the door to a slew of Gulf-focused deals involving SPACs.
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Tuatara Capital Acquisition Corp. (TCAC) to Combine with springbig in $300M Deal
Tuatara (NASDAQ:TCAC) has entered into a definitive agreement to combine with cannabis marketing software company springbig at an enterprise value of $300 million, or 4.7x its 2023E revenue. Boca Raton, Florida-based springbig provides customer engagement and loyalty program solutions to about 1,000 cannabis brands across North America. The combined company is expected to trade onRead More
Capstar Special Purpose Acquisition Corp. (CPSR) Re-Strikes Gelesis Deal
Capstar (NYSE:CPSR) announced in an 8-K this morning that it is revising its combination agreement with biopharm firm Gelesis in the latest deal to be re-struck on more investor-friendly terms. The changes slash Gelesis’ proposed equity valuation by 25% from $900 million to $675 million in exchange for concessions on earnout shares and the sponsor’sRead More