Soaring Eagle Acquisition Corp. (SRNG) Shareholders Approve Ginko Bioworks Deal

Marquee Raine (MRAC) and Enjoy Technology Secure Additional PIPE Commitments

Marquee Raine Acquisition Corp. (NASDAQ: MRAC) and Enjoy Technologies announced this morning that it has cut its pro forma enterprise value from $1.18 billion to $1.06 billion and updated its investor presentation to outline recent business developments. Additionally, Enjoy was able to secure commitments from current and key investors of up to $100 million at $10.00 per
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Motive Capital Corp (MOTV) to Combine with Forge Global in $1.6Bn Deal

Motive Capital (NYSE:MOTV) has entered into a definitive agreement to combine with investment marketplace Forge Global at an enterprise value of $1.6 billion, or 10.6x its 2022E revenue. San Francisco-based Forge provides a platform for users to invest in private companies via tender offers or regular cash-outs by employees and shareholders. The combined company is
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The Latest SPAC News and Rumors: September 13, 2021


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

Latest SPAC News: MELI Kaszek Pioneer Corp. files to raise up to $250 million, MoneyLion launches crypto investing ahead of SPAC deal, and Alpha Capital seeks $1 billion technology unicorn


MercadoLibre-Sponsored SPAC Files to Raise Up to $250 Million

MELI Kaszek Pioneer Corp, a blank-check company sponsored by Latin America’s e-commerce giant MercadoLibre Inc.

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Qell Acquisition Corp. (QELL) Shareholders Approve Lilium Deal

Qell Acquisition Corp. (NASDAQ:QELL) announced in a press release today that its shareholders approved its combination with renewable electric vertical take-off and landing (eVTOL) jet maker Lilium at a meeting held earlier today. The press release reported that 65% of Qell shareholders chose to redeem their shares, and the transaction resulted in $584 million in
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The Latest SPAC News and Rumors: September 10, 2021


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

Latest SPAC News: Internet entrepreneur Patrick Grove mulls Singapore SPAC, Hong Kong plans to curb access for retail investors, and SEC advisory group endorses tougher SPAC disclosure rules


Entrepreneur Patrick Grove Considering a Singapore SPAC

Internet entrepreneur Patrick Grove is weighing listing a SPAC in Singapore, joining the race to be the first to sponsor blank-check vehicles under the new rules unveiled by the city-state last week.

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Golden Path Acquisition Corporation (GPCO) to Combine with MC Hologram in $450M Deal

Golden Path (NASDAQ:GPCO) has entered into a definitive agreement to merge with MC Hologram at a total equity value of $450 million. The combined company is expected to trade under the name MicroCloud Hologram Inc. once the deal is completed in the first quarter of 2022, but the parties have not yet announced a proposed
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D8 Holdings Corp. (DEH) Secures Additional PIPE Commitments

Sep 10, 2021 INTEL by Kristi Marvin
D8 Holdings Corp. (NYSE: DEH) announced late yesterday evening that it had secured $27 million in additional commitments for its PIPE in support of the Vicarious Surgical combination transaction. More importantly, the additional commitments ensure that D8 will now satisfy the minimum cash closing condition of at least $125 million. The Vicarious Surgical combination was
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Highland Transcend Partners I Corp. (HTPA) to Combine with Packable in $1.55Bn Deal

Highland Transcend I (NYSE:HTPA) has entered into a definitive agreement to combine with ecommerce service provider Packable at an enterprise value of $1.55 billion, or 2.2x its 2022E revenue. Hauppauge, New York-based Packable operates the ecommerce platform Pharmapacks and serves consumer brands in managing their own ecommerce optimization and fulfillment in other marketplaces. The combined
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The Latest SPAC News and Rumors: September 9, 2021


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

Latest SPAC News: Scion of billionaire family says SPAC mergers are here to stay, Boxed and AEON launch software and services technology in Malaysia, and BuzzFeed reports 51% growth in revenue


Scion of Billionaire Family Says SPAC Mergers Are Here to Stay

Gaurav Burman, who hails from a billionaire Indian consumer-goods family, says the boom in blank-check company mergers may have eased, but don’t expect SPACs to go away.

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Novus Capital Corporation II (NXU) to Combine with Energy Vault in $1.1Bn Deal

Novus Capital II (NYSE:NXU) has entered into a definitive agreement to combine with kinetic energy storage company Energy Vault at an enterprise value of $1.13 billion, or 2.1x its 2023E revenue. Westlake Village, California-based Energy Vault is developing a utility scale energy storage solution that uses gravity to release energy by de-stacking heavy slabs. The
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