Social Capital Suvretta Holdings Corp. III (DNAC) Prices Upsized $220M IPO

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Stable Road Acquisition Corp. (SRAC) Re-Strikes Deal with Momentus

Jun 29, 2021 INTEL by Kristi Marvin
Stable Road Acquisition Corp. (NASDAQ:SRAC) filed an 8-K this afternoon announcing that it had amended its merger agreement with commercial space company Momentus, including a very big cut to valuation. The amendment included a revision to their Outside Date, moving it from June 7, 2021 to August 13, 2021, but the real headline grabber is
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The Latest SPAC News and Rumors: June 29, 2021


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

Latest SPAC News: Inventor of the ‘Super Soaker’ joins quadruple play in SPAC market, Canoo gets hit with shareholder derivative suit, Perella Weinberg shares saw a sharp rise following SPAC deal, and SoftBank SPAC drops deal with Mapbox

 


‘Super Soaker’ Inventor Joins Rare Quadruple Play in SPAC Market

The serial dealmakers at Navigation Capital Partners unveiled plans for a quartet of new blank-check companies, in the latest sign that repeat issuers’ enthusiasm for the SPAC market remains unabated, according to Bloomberg.

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Trebia Acquisition Corp. (TREB) to Combine with System1 in $1.4Bn Deal

Trebia (NYSE:TREB) has entered into a definitive agreement to combine with marketing platform System1 and Protected.net at an enterprise value of $1.4 billion, or 11.9x its 2021E adjusted EBITDA. Los Angeles-based System1 connects advertisers with internet users through a portfolio of websites and AI-powered marketing tools. The combined company is expected to trade on the
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Leisure Acquisition Corp. (LACQ) Shareholders Approve Ensysce Biosciences Deal

Leisure Acquisition Corp.  (NASDAQ:LACQ) announced in an 8-K filing this morning that its shareholders approved its combination with clinical-stage biopharmaceutical company Ensysce Biosciences, Inc. at a special meeting yesterday.

Importantly, investors redeemed just 5,000 shares in connection with the vote and did so at a significant loss as Leisure’s shares traded above $13 throughout June 24, the SPAC’s redemption deadline. 

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FS Development Corp. II (FSII) to Combine with Pardes Biosciences in $657M Deal

FS II (NASDAQ:FSII) has entered into a definitive agreement to combine with biotech researcher Pardes at an equity value of $657 million. California-based Pardes is developing two pre-clinical drug candidates that have potential treatment applications against COVID-19. The combined company is expected to trade on the Nasdaq under the symbol “PRDS” once the deal closes
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ION Acquisition Corp. 1 (IACA) Shareholders Approve Taboola Deal

ION Acquisition Corp. 1 Ltd.  (NYSE:IACA) announced in a press release that its shareholders approved its combination with digital ad firm Taboola at a special meeting earlier today.

The press release mentioned holders of ION Class A ordinary shares reflecting approximately 7% of outstanding shares exercised their right to redeem their shares, but did not give the exact number of shares.

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DFP Healthcare Acquisitions Corp. (DFPH) to Combine with The Oncology Institute in $842M Deal

DFP Healthcare (NASDAQ:DFPH) has entered into a definitive agreement to combine with community-based clinic operator The Oncology Institute at an enterprise value of $842 million, or 2.4x its 2022E revenue. The Cerritos, California-based company serves about 1.3 million patients through value-based contracts at 50 clinics in California, Arizona, Nevada, and Florida. The Oncology Institute will
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The Latest SPAC News and Rumors: June 25, 2021


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

Latest SPAC News: Churchill Capital IV is set to vote on merger with Lucid Motors, dozens of SPAC deals to enter Russell 3000 index, Jim Chanos warns of SPAC market, and Credit Suisse’s deals dry up 

 


Churchill Capital IV Announces Shareholder Vote Date For Lucid Motors Merger

Churchill Capital IV is set to vote on its merger with Lucid Motors on July 22, and a redemption deadline of July 20.

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