The Latest SPAC News and Rumors: September 24, 2021

Sep 24, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: SPACs may be a boon to CLO equity returns and SAB Biotherapeutics receives positive safety review

SPAC Acquisitions of Distressed Companies Help Drive CLO Returns

The increase of SPACs is yet another positive factor working in favor of the red-hot collateralized loan obligation market, which is very close to achieving an annual sales record, according to CLO equity investor Flat Rock Global.

Top 3 SPAC Targets – DevOps

Sep 24, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among the emerging DevOps technology space. We look at why they are compelling and why each could be a fit for a blank-check merger.

Direct Selling Acquisition Corp. (DSAQ.U) Prices $200M IPO

Sep 24, 2021 IPOs by Marlena Haddad

Direct Selling Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “DSAQ.U” Friday, September 23.

The Company intends to combine with domestically based businesses within the direct selling industry. Direct

GigCapital5,Inc. (GIA.U) Prices $200M IPO

Sep 24, 2021 IPOs by Marlena Haddad

GigCapital5,Inc. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “GIA.U” Friday, September 24.

The Company will seek companies in the technology, media, and telecommunications, aerospace and defense, advanced medical equipment, intelligent automation and sustainable industries anywhere in the world that embrace today’s digital transformation and intelligent automation as a competitive advantage.

The Latest SPAC News and Rumors: September 23, 2021

Sep 23, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Elizabeth Warren, other Senate Democrats raise concerns about SPAC incentives, Singapore startup Mirxes in talks to merge with Summit Healthcare, and IonQ partners with GE Research

Elizabeth Warren and Democrats Are Going After SPAC Kingpins

Elizabeth Warren and other Senate Democrats are targeting some of the biggest names behind SPACs, questioning whether the once red-hot market will trigger outsized losses for retail investors.

Union Acquisition Corp. II (LATN) Shareholders Approve Procaps Deal

Sep 23, 2021 INTEL by Marlena Haddad

Union Acquisition Corp. II (NASDAQ:LATN) announced that its shareholders approved its combination with pharmaceutical manufacturer Procaps Group at a shareholder vote yesterday.

In a subsequent 8-K filing, the SPAC showed that 70.5% of its shareholders opted to redeem, however, removing an estimated $77.8 million from its trust.

Amplitude Healthcare Acquisition Corp. (AMHC) Shareholders Approve Jasper Deal

Sep 22, 2021 INTEL by Marlena Haddad

Amplitude Healthcare Acquisition Corp. (NASDAQ:AMHC) announced in a press release today that its shareholders approved its combination with hematopoietic cell transplant firm Jasper Therapeutics at a shareholder vote held earlier this morning. The press release disclosed that 9,262,099 shares were redeemed in connection with the business combination, removing 92.62% of AMHC’s trust. However, as part
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Live Oak Crestview Climate Acquisition Corp. (LOCC.U) Prices $200M IPO

Sep 22, 2021 IPOs by Marlena Haddad

Live Oak Crestview Climate Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “LOCC.U” Thursday, September 23.

The Latest SPAC News and Rumors: September 22, 2021

Sep 22, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Pakistan introduces regulatory framework for SPACs, SAB Biotherapeutics awarded $60.5M for COVID-19 treatment, and Aurora teams up with PACCAR and FedEx

Public Offering Regulations Amended for SPAC Framework

The Securities and Exchange Commission of Pakistan (SECP) has amended the Public Offering Regulations, 2017 to introduce a regulatory framework for SPACs.

Cerberus Telecom (CTAC) Further Postpones Shareholder Vote

Sep 22, 2021 INTEL by Kristi Marvin

Cerberus Telecom Acquisition Corp. (NYSE:CTAC) has again postponed its special meeting to vote to approve its combination with internet-of-things (IoT) provider KORE Wireless.

The meeting, which was originally supposed to be held September 16th, but was first postponed to today, September 22nd, has been further postponed to next Wednesday, September 29th at 10:00 am.

Argus Capital Corp. (ARGUU) Prices Upsized $265M IPO

Sep 22, 2021 IPOs by Kristi Marvin

Argus Capital Corp. announced the pricing of its upsized $265 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ARGUU” Wednesday, September 22.

The Company intends to pursue a business combination in the media/entertainment/sports industry including “over-the-top” digital streaming, mobile gaming/interactive entertainment, and digital media, which can capitalize on the expertise of its management team.

Inflection Point Acquisition Corp. (IPAXU) Prices $300M IPO

Sep 21, 2021 IPOs by Marlena Haddad

Inflection Point Acquisition Corp. announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPAXU” Wednesday, September 22.

The Company intends to pursue a business combination with a North American or European business in the consumer and technology sectors, which complements the expertise of its management team.

Fusion Acquisition Corp. (FUSE) Shareholders Approve MoneyLion Deal

Sep 21, 2021 INTEL by Marlena Haddad

Fusion Acquisition Corp. (NYSE:FUSE) announced in an 8-K filing today that its shareholders approved its combination with fintech platform MoneyLion at a shareholder vote held earlier this morning.

The filing did not disclose redemption numbers, but FUSE traded above $10 throughout its redemption deadline September 17, and climbed 10.47% today, closing at $10.76.

The Latest SPAC News and Rumors: September 21, 2021

Sep 21, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Timberlake, Lizzo back Hydrow ahead of SPAC deal, Malaysia reviews framework for SPACs, and Embark Trucks collaborates with Cummins

Timberlake, Lizzo Back Rowing Startup Hydrow Ahead of SPAC Deal

Recording artists Justin Timberlake and Lizzo invested in Hydrow, a maker of at-home rowing machines that’s discussing going public through a merger with Sandbridge X2 Corp.

G Squared Ascend I (GSQD) to Combine with Transfix in $1.1Bn Deal

Sep 21, 2021 INTEL by Nicholas Alan Clayton

G Squared Ascend I (NYSE:GSQD) has entered into a definitive agreement to combine with digital freight platform Transfix at an enterprise value of $1.054 billion, or 3.8x its 2021E revenue. New York City-based Transfix provides a B2B platform helping freight shippers and carriers more efficiently manage, price and track their loads. The combined company is
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HHG Capital Corp. (HHGCU) Prices $50M IPO

Sep 20, 2021 IPOs by Marlena Haddad

HHG Capital Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HHGCU” Tuesday, September 21.

The new SPAC intends to combine with an established business that is currently under-performing its potential due to a temporary period of dislocation in the markets.

The Latest SPAC News and Rumors: September 20, 2021

Sep 20, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Hong Kong struggles to lure SPACs while MENA SPAC activity surges; WeWork to start trading in October

Hong Kong Seen Struggling to Lure SPACs With Strict Rulebook

Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to list in the city, according to Bloomberg.

Cartesian Growth Corporation (GLBL) to Combine with Alvarium Tiedemann Holdings in $1Bn Deal

Sep 20, 2021 INTEL by Nicholas Alan Clayton

Cartesian (NASDAQ:GLBL) has entered into a definitive business combination with wealth management firms Tiedemann Group and Alvarium Investments at an enterprise value of $1.087 billion, or 10.9x the combined entity’s 2022E EBITDA. The two firms serve as alternative asset managers to clients on four continents and are expected to have about $60 billion in assets
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SPAC IPO Terms Tracker: Another Quiet Holiday Week

Sep 19, 2021 INTEL by sam.beattie

Terms Tracker for the Week Ending Sept. 17, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. For the week ending September 17th, we saw eight new S-1 registration statements, synonymous with last week, and seven IPO’s, two more than last week.
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The Latest SPAC News and Rumors: September 17, 2021

Sep 17, 2021 INTEL by Marlena Haddad

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

**Latest SPAC News: Hong Kong considers allowing SPAC listings, Redbox Entertainment acquires Vendetta distribution rights, and EQRx announces presentation of phase 3 data**

Hong Kong Proposes SPAC Listings, But Only for Professional Investors

Hong Kong Exchanges & Clearing has outlined plans to allow the listing of blank-check corporations whose global popularity has soared over the past year, just two weeks after regional rival Singapore greenlit the float of such entities.