Top 3 SPAC Targets – Decentralized Finance

Sep 17, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among crypto companies fostering decentralized finance networks. We look at why they are compelling and why each could be a fit for a blank-check merger.

The Latest SPAC News and Rumors: September 16, 2021

Sep 16, 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: Lucid’s sedan confirmed as longest-range EV, air-taxi startup Lilium generates 29-fold return on Atomico bet, and Spire Global acquires exactEarth

Lucid’s Debut Sedan Awarded 520-Mile EPA Rating, Eclipsing Tesla

Electric vehicle maker Lucid Group (NASDAQ:LCID) says a version of its debut sedan has been confirmed as the longest-range EV ever rated by the U.S.

dMY Technology Group IV (DMYQ) Upsizes PIPE by $50 Million

Sep 16, 2021 INTEL by Kristi Marvin

At a time when securing a PIPE for a combination is challenging (at best), dMY IV (NYSE:DMYQ) has managed to upsize their commitments by $50 million with an investment from the Canada Pension Plan Investment Board (“CPP Investments”), with a co-investment from Cypress Point Investment Management. dMY IV previously announced a $200 million PIPE to
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Poema Global Holdings Corp. (PPGH) to Combine with Gogoro in $2.3Bn Deal

Sep 16, 2021 INTEL by Nicholas Alan Clayton

Poema Global (NASDAQ:PPGH) has entered into a definitive agreement to combine with electric vehicle (EV) battery re-charger Gogoro at an enterprise value of $2.35 billion, or 2.5x its 2023E revenue. Taipei-based Gogoro provides branded e-scooters and battery-swapping kiosks for a range of two-wheeled electric vehicles in Taiwan and China. The combined company is expected to
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Rotor Acquisition Corp. (ROT) Shareholders Approve Sarcos Robotics Deal

Sep 16, 2021 INTEL by Marlena Haddad

Rotor Acquisition Corp. (NYSE:ROT) announced in a press release today that its shareholders approved its combination with industrial robotics maker Sarcos at a shareholder vote held yesterday.

The press release did not provide information on redemption numbers, but ROT traded above $10 throughout its redemption deadline September 13.

Cerberus Telecom (CTAC) Postpones Shareholder Vote

Sep 16, 2021 INTEL by Kristi Marvin

Cerberus Telecom Acquisition Corp. (NYSE:CTAC) has 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 today, September 16th, is being postponed to Wednesday, September 22nd at 10:00 am. The release also disclosed that as of 5:00 p.m. Tuesday, September
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SOAR Technology Acquisition Corp. (FLYA.U) Prices $200M IPO

Sep 16, 2021 IPOs by Marlena Haddad

SOAR Technology Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “FLYA.U” Thursday, September 16.

Artisan Acquisition Corp. (ARTAU) to Combine with Prenetics in $1.25Bn Deal

Sep 15, 2021 INTEL by Marlena Haddad

Artisan Acquisition Corp. (NASDAQ:ARTAU) has entered into a definitive agreement to combine with genomic and diagnostic testing company Prenetics Group Limited at an enterprise value of $1.25 billion, or 4.6x its 2022E revenue. Hong Kong-based Prenetics is a global leader in genomic and diagnostic testing that is decentralising healthcare with a focus on prevention, diagnostics
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D8 Holdings Corp. (DEH) Shareholders Approve Vicarious Surgical Deal

Sep 15, 2021 INTEL by Marlena Haddad

D8 Holdings Corp. (NYSE:DEH) announced in a press release today that its shareholders approved its combination with surgical robotics company Vicarious Surgical, Inc. at a shareholder vote held earlier this morning. The 8-K filing disclosed that a total of 26,745,028 shares were redeemed in connection with the meeting, representing 77.5% of D8’s trust. As a
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The Latest SPAC News and Rumors: September 15, 2021

Sep 15, 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: Carousell becomes Singapore’s newest unicorn, Acorns names former Amazon executive as president, and Anghami partners with Amazon Prime

Online Marketplace Carousell Is Singapore’s Newest Unicorn

Online classifieds marketplace Carousell Pte became Singapore’s latest tech unicorn, raising funds at a $1.1 billion valuation as Southeast Asia’s e-commerce startups benefit from the pandemic and related lockdowns, according to Bloomberg.

EJF Acquisition Corp. (EJFA) to Combine with Pagaya in $8.5Bn Deal

Sep 15, 2021 INTEL by Nicholas Alan Clayton

EJF (NASDAQ:EJFA) has entered into a definitive agreement to combine with fintech Pagaya at an enterprise value of $8.5 billion, or 12.5x its 2022E revenue. Tel Aviv-based Pagaya provides an AI-powered platform matching customers with third-party credit products both applying for loans and at the point-of-sale (POS). The combined company is expected to trade on
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Giga Energy Terminates Deal with Yunhong International (ZGYH)

Sep 15, 2021 INTEL by Nicholas Alan Clayton

Yunhong International (NASDAQ:ZGYH) announced last night that Giga Energy had terminated the pair’s business combination, marking the second termination of the month. The deal was already a bit of an enigma as the parties released little information on the transaction upon its announcement on May 17. Yunhong stated that Giga Energy had the right to
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Sierra Lake Acquisition Corp. (SIERU) Prices $300M IPO

Sep 14, 2021 IPOs by Marlena Haddad

Sierra Lake Acquisition Corp. announced the pricing of its $300 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “SIERU” Wednesday, September 15.

Endurance Acquisition Corp. (EDNCU) Prices $200M IPO

Sep 14, 2021 IPOs by Marlena Haddad

Endurance Acquisition Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “EDNCU” Wednesday, September 15.

The Company intends to focus on a target business operating in data infrastructure and analytics, with a primary focus on space and wireless industries and related technology and services, or “space-based tech” businesses. Endurance

Aesther Healthcare Acquisition Corp. (AEHAU) Prices $100M IPO

Sep 14, 2021 IPOs by Marlena Haddad

Aesther Healthcare Acquisition Corp. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “AEHAU” Wednesday, September 15.

CIIG Capital Partners II, Inc. (CIIGU) Prices Upsized $250M IPO

Sep 14, 2021 IPOs by Marlena Haddad

CIIG Capital Partners II, Inc. announced the pricing of its upsized $250 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CIIGU” Wednesday, September 15.

WinVest Acquisition Corp. (WINVU) Prices $100M IPO

Sep 14, 2021 IPOs by Marlena Haddad

WinVest Acquisition Corp. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “WINVU” Wednesday, September 15.

The Company intends to combine with a digital financial media business that has meaningful scale, digital infrastructure and product, and immediately identifiable cost synergies.

TPG Pace Tech Opportunities Corp. (PACE) Shareholders Approve Nerdy Deal

Sep 14, 2021 INTEL by Marlena Haddad

TPG Pace Tech Opportunities Corp. (NYSE:PACE) pre-announced in a press release yesterday that it anticipated to close its combination with remote learning platform Nerdy at a shareholder vote held earlier this morning. TPG Pace Tech has yet to announce a press release or file an 8-K following today’s shareholder meeting, but it disclosed on Monday
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Atlas Crest Investment Corp. (ACIC) Shareholders Approve Archer Aviation Deal

Sep 14, 2021 INTEL by Marlena Haddad

Atlas Crest Investment Corp. (NYSE:ACIC) has secured shareholder approval of its combination with urban air mobility company Archer at a shareholder vote earlier this morning. Although 96% of votes cast at the meeting approved of the combination, the SPAC, which raised $500 million at IPO, the trust saw 48.5% redeemed. The transaction will still generate
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The Latest SPAC News and Rumors: September 14, 2021

Sep 14, 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: Gogoro in talks to merge with Poema, Grab cuts projections for 2021, and Planet expands contract with NASA

Taiwanese Startup Gogoro in Merger Talks With Poema SPAC

Gogoro, a Taiwanese startup that specializes in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings Corp.