Mudrick Acquisition Corp. II (MUDS) is Thrown a Curveball

Aug 20, 2021 INTEL by Kristi Marvin

Ahead of Mudrick Acquisition Corp. II’s shareholder vote to approve its combination with Topp’s next Wednesday, on August 25th, Major League Baseball (MLB) has decided to break with tradition by awarding its exclusive trading card license to Topps competitor Fanatics, ending Topps 70-year hold on the license that’s been in place since 1952. This is
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Waverley Capital Acquisition Corp. 1 (WAVC.U) Prices $200M IPO

Aug 20, 2021 IPOs by Marlena Haddad

Waverley Capital Acquisition Corp. 1 announced the pricing of its $200 million IPO and its shares are expected to begin trading on the NYSE under the symbol “WAVCU” Friday, August 20.

The Latest SPAC News and Rumors: August 19, 2021

Aug 19, 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: Singapore Exchange considers lowering market cap requirements for SPACs, and Aurora releases tool to gauge safety of self-driving systems

Singapore Exchange Mulls Lower Market Cap Requirement for SPAC Listings

SGX (Singapore Exchange) is reportedly considering lowering the minimum market cap requirement for SPACs seeking to list in Singapore.

Pershing Square Tontine Faces Suit on Abandoned UMG Deal

Aug 19, 2021 INTEL by Kristi Marvin

Pershing Square Tontine Holdings Facing Lawsuit from Former SEC Commissioner and Law School Professor

By now, everyone new to SPACLand has probably figured out that it’s a real roller coaster over here.

Kismet Acquisition One Corp. (KSMT) Shareholders Approve Nexters Global Deal

Aug 19, 2021 INTEL by Marlena Haddad

Kismet Acquisition One Corp. (NASDAQ:KSMT) shareholders approved its combination with mobile game developer Nexters Global in a special meeting yesterday. The SPAC did not include details on redemptions in its press release or initial 8-K, but Kismet was in danger seeing as it has been trading below $10 since April and opened the day of
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LIV Capital Acquisition Corp. (LIVK) Shareholders Approve AgileThought Deal

Aug 18, 2021 INTEL by Marlena Haddad

LIV Capital Acquisition Corp. (NASDAQ:LIVK) announced in an 8-K filing today that its shareholders approved its combination with software consulting firm AgileThought in a meeting held earlier this morning. The filing reported that 7,483,431 shares were redeemed in connection to the vote, which equates to a whopping 92.96% of its trust. Just last week, on August
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AJAX I (AJAX) Shareholders Approve Cazoo Deal

Aug 18, 2021 INTEL by Marlena Haddad

AJAX I Corp. (NYSE:AJAX) announced in a press release today that its shareholders approved its combination with online car retailer Cazoo in a meeting held earlier today. AJAX pre-announced its redemption numbers yesterday in an 8-K filing where it disclosed an aggregate of 58,202,742 shares were redeemed, removing approximately $582 million from its trust with
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NextGen Acquisition Corp. (NGAC) Shareholders Approve Xos Deal

Aug 18, 2021 INTEL by Marlena Haddad

NextGen Acquisition Corp. (NASDAQ:NGAC) announced in an 8-K filing today that its shareholders approved its combination with electric vehicle (EV) maker Xos in a meeting held earlier this morning. The filing disclosed that 29,886,116 shares were redeemed in connection to the vote, which equates to 79.7% of the trust. Despite the heavy redemption figures, NGAC
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InterPrivate III Financial Partners (IPVF) to Combine with Aspiration in $1.9Bn Deal

Aug 18, 2021 INTEL by Nicholas Alan Clayton

InterPrivate III (NYSE:IPVF) has entered into a definitive agreement to combine with ESG-focused financial services firm Aspiration at an enterprise value of $1.9 billion, or 7.7x its 2022E revenue. Marina del Rey, California-based Aspiration provides a fintech platform allowing consumer and business customers to make and track sustainability impacts with their payments activity. The combined
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The Latest SPAC News and Rumors: August 18, 2021

Aug 18, 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: Sportradar files for IPO following SPAC flop, SomaLogic and Twist Bioscience announce partnership to create novel antibodies, and Swvl buys on-demand bus service Shotl

Sportradar Files for U.S.

Aldel Financial (ADF) to Combine with Hagerty in $3Bn Deal

Aug 18, 2021 INTEL by Nicholas Alan Clayton

Aldel Financial (NYSE:ADF) has entered into a definitive agreement to combine with car insurer Hagerty at an enterprise value of $3.13 billion, or 2.8x its 2023E revenue. Traverse City, Michigan-based Hagerty provides insurance products for collectible cars and media properties focused on car enthusiasts. The combined company is expected to trade on the NYSE under
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The Latest SPAC News and Rumors: August 17, 2021

Aug 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: Bill Ackman’s SPAC gets sued, Forbes Media in talks to merge with Magnum Opus, and BlackSky awarded contract for geospatial imagery

Bill Ackman SPAC Sued, Plaintiffs Say Sponsors Got “Staggering Compensation”

Bill Ackman’s troubled SPAC Pershing Square Tontine Holdings was hit with a lawsuit this morning that alleged the blank-check company awarded “staggering compensation” to its sponsors, and asked that the entity’s special status be revoked.

AJAX I (AJAX) Pre-Announces Heavy Redemptions With Cazoo

Aug 17, 2021 INTEL by Marlena Haddad

AJAX I Corp. (NYSE:AJAX) pre-announced its redemption amounts this morning in an 8-K filing ahead of its shareholder meeting tomorrow to vote on its combination with online car retailer Cazoo. The 8-K filing disclosed that shareholders of AJAX I redeemed an aggregate of 58,202,742 shares, removing approximately $582 million from its trust with approximately $223
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Tailwind Acquisition Corp. (TWND) and QOMPLX Announce Termination of Agreement

Aug 17, 2021 INTEL by Kristi Marvin

Tailwind Acquisition Corp. (NASDAQ:TWND) announced this morning that it has mutually terminated their business combination agreement with risk analytics firm QOMPLX, citing “market conditions preventing certain of the closing conditions from being satisfied”. Importantly, neither party will be required to pay the other a termination fee as a result of the decision. However, as a
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M3-Brigade Acquisition II Corp. (MBAC) to Combine with Syniverse in $2.8Bn Deal

Aug 17, 2021 INTEL by Nicholas Alan Clayton

M3-Brigade II (NYSE:MBAC) has entered into a definitive agreement to combine with telecom tech company Syniverse at an enterprise value of $2.85 billion, or 12.1x its 2022E EBITDA. Tampa, Florida-based Syniverse provides telecom device connectivity and services to both phone carriers and enterprise clients seeking to set up internal networks. The combined company is expected
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CF Finance Acquisition Corp. III (CFAC) Shareholders Approve AEye Deal

Aug 16, 2021 INTEL by Marlena Haddad

CF Finance Acquisition Corp. III (NASDAQ:CFAC) announced in a press release today that its shareholders approved its combination with lidar-maker AEye in a meeting held on August 12. Present at the meeting were holders of 23,371,990 shares of the company’s common stock, representing approximately 79.9% of the voting power. The 8-K filing disclosed that 19,355,365
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RMG Acquisition Corp. II (RMGB) Shareholders Approve ReNew Power Deal

Aug 16, 2021 INTEL by Marlena Haddad

RMG Acquisition Corporation II (NASDAQ:RMGB) announced in a press release followed by an 8-K filing today that its shareholders approved its combination with Indian renewable energy producer ReNew Power Private Ltd. in a meeting held earlier this morning. The 8-K disclosed that RMG II’s shareholders redeemed an aggregate of 23,613,034 shares of RMG II, or
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The Latest SPAC News and Rumors: August 16, 2021

Aug 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: FoxWayne in talks to merge with Aerami Therapeutics in $195 million deal

FoxWayne, Aerami Therapeutics SPAC Deal Said Worth $195 Million

Blank-check company FoxWayne Enterprises Acquisition Corp.

Silver Crest Acquisition Corp. (SLCR) to Combine with Tim Hortons China in $1.79Bn Deal

Aug 16, 2021 INTEL by Nicholas Alan Clayton

Silver Crest (NASDAQ:SLCR) has entered into a definitive agreement to combine with Tim Hortons China at an enterprise value of $1.79 billion or 3.9x its 2023E revenue. Tims China is the subsidiary of Canadian convenience store brand Tim Horton’s (NYSE:THI), selling coffee and confectionary goods through about 388 stores. The combined company is expected to
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More info on TPB Acquisition Corp. I’s “QIB Structure”

Aug 16, 2021 INTEL by Kristi Marvin

In this morning’s newsletter, I mentioned TPB Acquisition Corporation I’s (NASDAQ:TPBAU) QIB structure, or their “Stakeholder Alignment Structure”, where they have put a unique twist on the recent trend of using Qualified Institutional Buyers, or “Anchor Investors” in their IPO.