Aspirational Consumer Lifestyle Corp. (ASPL) Shareholders Approve Wheels Up Deal

Jul 12, 2021 INTEL by Marlena Haddad

Aspirational Consumer Lifestyle Corp. (NYSE:ASPL) announced in a press release followed by an 8-K filing today that its shareholders approved its combination with private aircraft provider Wheels Up in a meeting earlier this morning.

The Latest SPAC News and Rumors: July 12, 2021

Jul 12, 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: Shuaa confirms talks to set up three SPACs, EV startup E.GO

Lionheart Acquisition Corp. II (LCAP) to Combine with MSP Recovery in $32.6Bn Deal

Jul 12, 2021 INTEL by Nicholas Alan Clayton

Lionheart II (NASDAQ:LCAP) has entered into a definitive agreement to combine with Medicare billing firm MSP Recovery at an enterprise value of $32.6 billion, or 10.5x its 2023E revenue. Coral Gables, Florida-based MSP has built a proprietary model for identifying and acquiring claims against primary care payers in the healthcare industry that unduly passed costs
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Good Works II Acquisition Corp. (GWIIU) Prices $200M IPO

Jul 12, 2021 IPOs by Marlena Haddad

Good Works II Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GWIIU” today, July 12.

ACE Convergence (ACEV) and Achronix Announce Termination of Agreement

Jul 12, 2021 INTEL by Kristi Marvin

ACE Convergence Acquisition Corp. (Nasdaq: ACEV), announced this morning that they have mutually terminated their merger agreement with Achronix Semiconductor Corporation, but will continue to seek an alternative business combination. The reason given was that, “The parties believe that they will not be able to complete the transaction by the July 15, 2021 deadline or some
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SPAC IPO Terms Tracker: A Light Week for IPOs

Jul 11, 2021 INTEL by sam.beattie

Terms Tracker for the Week Ending July 9, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Following the extended July 4th weekend, there were 14 new S-1 registration statements which is four more than last week’s 10. However, it was a
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Far Peak Acquisition Corporation (FPAC) to Combine with Bullish in $2.5Bn Deal

Jul 9, 2021 INTEL by Nicholas Alan Clayton

Far Peak (NYSE:FPAC) has entered into a definitive agreement to combine with cryptocurrency exchange Bullish at an enterprise value of $2.5 billion and equity value of $9 billion. Bullish is launching a new crypto exchange with unique monetization structures aimed at avoiding hyper-volatility while rewarding users for parking assets there. The combined company is expected
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The Latest SPAC News and Rumors: July 9, 2021

Jul 9, 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: Polestar in talks to merge with Gores Guggenheim while Equinox breaks off merger with Palihapitiya-backed SPAC

Volvo-Backed Polestar Is in SPAC Merger Talks With Gores Guggenheim

Electric-car maker Polestar, which is controlled by Volvo Car AB and its owner Zhejiang Geely Holding Group Co.,

Galata Acquisition Corp. (GLTA.U) Prices $125M IPO

Jul 9, 2021 IPOs by Marlena Haddad

Galata Acquisition Corp. announced the pricing of its $125 million IPO and its units are expected to begin trading on the New York Stock Exchange under the symbol “GLTA.U”

Top 3 SPAC Targets: Biotech Firms in Neurology

Jul 9, 2021 INTEL by Anthony Sozzi

SPACInsider contributor Anthony Sozzi this week compiled his three favorite potential SPAC targets in neurology biotech. We look at why they are compelling and why each could be a fit for a blank-check merger.

Pershing Square Tontine Commences Tender Offers

Jul 8, 2021 INTEL by Kristi Marvin

Pershing Square Tontine (PSTH) filed to commence its tender offers for both the share and warrant tonight, giving us a little more info on how this is all going to work. If you recall, the UMG transaction will not require a vote of PSTH’s shareholders due to it being a stock purchase and not a
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Acropolis Infrastructure Acquisition Corp. (ACRO.U) Prices $300M IPO

Jul 8, 2021 IPOs by Marlena Haddad

Acropolis Infrastructure Acquisition Corp. announced the pricing of its $300 million IPO and its units are expected to begin trading on the New York Stock Exchange under the symbol “ACRO.U” Friday, July 9.

Spartan Acquisition Corp. II (SPRQ) Shareholders Approve Sunlight Financial Deal

Jul 8, 2021 INTEL by Nicholas Alan Clayton

Spartan II (NYSE:SPRQ) shareholders have approved the company’s combination with residential solar financier Sunlight Financial at a special meeting earlier today.

The initial press release did not disclose redemption figures, and Spartan II was in the danger zone with its shares trading at or below $10 nearly without pause since April.

HealthCor Catalio Acquisition Corp. (HCAQ) to Combine with Hyperfine and Liminal Sciences in $580M Deal

Jul 8, 2021 INTEL by Marlena Haddad

HealthCor Catalio Acquisition Corp. (NASDAQ:HCAQ) has entered into a definitive agreement to combine with medical equipment manufacturer Hyperfine, Inc. and medical technology company Liminal Sciences, Inc. at an enterprise value of $580 million, or 10.3x 2023E revenue. The Guilford, Connecticut-based companies both focus on medical technology. Hyperfine created the first FDA approved portable MR Imaging
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Healthcare Capital Corp. (HCCC) to Combine with Alpha Tau in $650M Deal

Jul 8, 2021 INTEL by Nicholas Alan Clayton

Healthcare Capital Corp. (NASDAQ:HCCC) has entered into a definitive agreement to combine with cancer drug developer Alpha Tau at an enterprise value of $650 million. Jerusalem-based Alpha Tau is developing unique cancer treatments that utilize alpha radiation to attack tumors with reduced damage to surrounding tissues and cells. The combined company is expected to trade
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The Latest SPAC News and Rumors: July 8, 2021

Jul 8, 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: Argo chooses Citigroup, JPMorgan as it eyes SPAC listing, and MSP Recovery in talks with Lionheart SPAC

Ford-Backed Argo Chooses Citigroup, JPMorgan to Go Public

Self-driving startup Argo AI, which is backed by Ford Motor Co. and Volkswagen

Concord Acquisition Corp (CND) to Combine with Circle in $4.5Bn Deal

Jul 8, 2021 INTEL by Nicholas Alan Clayton

Concord (NYSE:CND) has entered into a definitive agreement to combine with cryptocurrency payments platform Circle at an enterprise value of $4.5 billion, or 12.8x its 2022E revenue. Boston-based Circle is a peer-to-peer cryptocurrency service managing the USDC coin and SeedInvest crowdinvesting platform. The combined company is expected to trade on the NYSE under the symbol
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AltC Acquisition Corp. (ALCC) Prices Upsized $450M IPO

Jul 8, 2021 IPOs by Marlena Haddad

AltC Acquisition Corp. announced the pricing of its upsized $450 million IPO and its units are expected to begin trading on the New York Stock Exchange under the symbol “ALCC” Thursday, July 8.

Agrico Acquisition Corp. (RICOU) Prices $125M IPO

Jul 7, 2021 IPOs by Marlena Haddad

Agrico Acquisition Corp. announced the pricing of its $125 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RICOU” Thursday, July 8.

The new SPAC aims to combine with an AgTech target based in the Americas.

The Latest SPAC News and Rumors: July 7, 2021

Jul 7, 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: Novo Tellus Capital mulls Singapore SPAC, Virala SPAC seeks to fill gap left by underfunded Finnish PE, and Dragoneer, Altimeter eye raising new funds

Novo Tellus Capital Mulls Joining Singapore SPAC Race

Singapore buyout firm Novo Tellus Capital Partners is considering setting up a SPAC to list in the city-state as regulators prepare to authorize the vehicles in the local market.