STOP THE WAR! Let’s support Ukraine Together

Shopping Cart

Burgundy Technology (BTAQU) Downsizes to $300M

deal-terms-2

Burgundy Technology (BTAQU) Downsizes to $300M

Aug 25, 2020 INTEL by Kristi Marvin

This afternoon, Burgundy Technology Acquisition Corp. (BTAQU), re-filed their S-1 amending their terms with a rare downsize to $300 million. It doesn’t happen often, but August has been a tough month for SPACs and investors have begun been pushing back on some SPACs

On top of changing the size of the offering from $400 million to $300 million, Burgundy has also shortened it’s timeline from 24 months to 18 months. 

...READ MORE
hennessy-canoo
NetFin-Tritteras-logos-2
proxy vote

Far Point Announces Approval of Combination with Global Blue

Aug 24, 2020 INTEL by Kristi Marvin
This afternoon, Far Point Acquisition Corp. (FPAC), announced that stockholders voted to approve their proposed business combination with Global Blue Group AG. And while 53,505,646 shares of FPAC’s Common Stock, or approximately 67.68% of the issued and outstanding shares voted in favor of the Transaction, FPAC also announced that 48,708,944 shares opted to redeem.  FPAC
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
Alert-2

ALERT: Executive Networking Partnering Files for $300M “CAPS”

Aug 24, 2020 INTEL by Kristi Marvin
As had been widely anticipated, the new Executive Network Partnering “SPAC” just filed.  Although, we’re going to have to use the term SPAC loosely for now until I’ve had a chance to read through it and better understand the structure. Additionally, a bit of re-branding seems to be in play since at the top of
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
Luminar-Logo

Gores Metropoulos Inc. (GMHI) to Combine with Luminar in $2.9Bn deal

Aug 24, 2020 INTEL by Nicholas Alan Clayton
  Gores Metropoulos Inc. (GMHI) announced this morning that it has entered into a definitive agreement to combine with Luminar Technologies in a deal that would value the autonomous vehicle sensor and software-maker at $2.9 billion. Luminar’s IRIS sensory array uses lidar technology to measure forward distances, avoid collisions and steer autonomous vehicles. It is
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
hennessy-canoo
news update

Monday Morning Kickoff: GMHI, PACQ, ORSN, HCAC

Aug 24, 2020 INTEL by Kristi Marvin
Monday Morning: Four quick news items to start the week: Gores Metropoulos, Inc. (GMHI) Gores Metropoulos, Inc. (GMHI) announced this morning that it intends to combine with Luminar Technologies, Inc., an autonomous vehicle sensor and software company.  We will be posting a more fulsome write-up later this morning, but in the meantime, this looks to
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
hennessy-canoo
ipo
IPO-Pricing
ipo
Warrant backstop

TWC Tech Holdings II Corp. Debuts a New Warrant Term

Aug 19, 2020 INTEL by Kristi Marvin
TWC Tech Holdings II Corp. (TWCTU). which originally filed their S-1 on August 4th, is the follow up SPAC from the Nebula Team, but this time under a new name to better reflect this team’s sponsor – True Wind Capital.  Both Adam Clammer, TWC’s CEO and President, and James Greene Jr., TWC’s Chairman, are founding
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
new-spac

Growth Capital Acquisition Corp. (GCACU) files for $150M IPO

Aug 19, 2020 INTEL by Nicholas Alan Clayton
Growth Capital Acquisition Corp. (GCACU) filed for a $150 million IPO on the Nasdaq late August 17 and intend to focus on global emerging growth and lower-to-middle market companies with aggregate enterprise values of approximately $300 million to $1.5 billion. Growth Capital Chairman, President and co-CEO Prokopios (Akis) Tsirigakis also currently serves as CEO of
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
IPO-Pricing
ipo
new-spac

OTR Acquisition Corp. (OTRAU) files for $250M IPO

Aug 18, 2020 INTEL by Nicholas Alan Clayton
OTR Acquisition Corp. (OTRAU) filed to list on the Nasdaq via a $250 million IPO late August 17 to add to the ever growing list of SPACs looking to acquire a company. Led by Nicholas Singer, a managing member of family office PE firm Purchase Capital, the company plans to target companies with a enterprise
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
Canoo-logo

Hennessy Capital (HCAC) to Combine with EV-Maker Canoo in $1.84 Billion Deal

Aug 18, 2020 INTEL by Nicholas Alan Clayton
Hennessy Capital Acquisition Corp. IV announced this morning it had entered into a definitive agreement to combine with electric vehicle (EV) company Canoo in a deal that would give it a pro forma enterprise value of about $1.84 billion. Canoo has developed flat electric “skateboards” that include a vehicle’s drive train, suspension and battery, on
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
IPO
ipo