Legato Merger Corp. (LEGO) to Combine with Algoma Steel in $1.7Bn Deal

May 25, 2021 INTEL by Marlena Haddad

Legato Merger Corp. (NADAQ:LEGO) has entered into a definitive agreement to combine with leading steel producer Algoma Steel Inc. at an enterprise value of $1.3 billion at closing and $1.7 billion inclusive of contingent consideration, or 1.9x 2021E adjusted EBITDA.

PTK Acquisition Corp. (PTK) to Combine with Valens in $894M Deal

May 25, 2021 INTEL by Nicholas Alan Clayton

PTK (NYSE:PTK) has entered into a definitive combination agreement with Israel-based semiconductor-maker Valens at an enterprise value of $894 million, or 7.4x its 2023E revenue. Valens produces semiconductors for consumer and commercial electronics, and it is transitioning to provide solutions to the automotive industry. The combined company is expected to trade on the NYSE under
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Big Rock Partners Acquisition Corp. (BRPA) Completes NeuroRx Deal

May 25, 2021 INTEL by Nicholas Alan Clayton

Big Rock Partners Acquisition Corp. (NASDAQ:BRPA) announced that it has completed its business combination with with drug developer NeuroRx. The combined company will now be renamed NRx Pharmaceuticals and will begin trading shortly on the Nasdaq under the ticker symbol “NRXP”. This marks the end of a long journey for Big Rock, which began its
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Fifth Wall Acquisition Corporation III (FWAC) Prices $250M IPO

May 24, 2021 IPOs by Marlena Haddad

Fifth Wall Acquisition Corp. III announced the pricing of its $250 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “FWAC” Tuesday, May 25.

The Latest SPAC News and Rumors: May 24th, 2021

May 24, 2021 INTEL by Marlena Haddad

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

SPACs move the party abroad as Europe and Tel Aviv welcome listings

The SPAC Party Gets Going in Europe, This Time With Better Terms

Sponsors are looking to continue the craze elsewhere, and top of the list is Europe, where the number of new SPACs accelerated from February to April, and there’s no sign of growth there abating.

SPAC IPO Terms Tracker: Still Treading Water

May 24, 2021 INTEL by Kristi Marvin

Terms Tracker for the Week Ending May 21, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Heading into the week before Memorial Day, the pace of SPAC IPOs and new S-1 registration statments remains relatively slow compared to Q1 2021. There
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The Latest SPAC News and Rumors: May 21st, 2021

May 21, 2021 INTEL by Marlena Haddad

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

Congress considers legislation aimed at SPACs and the need for investor protections as the UK facilitates listing of SPACs

U.S.

Top 3 SPAC Targets – Inflation Beaters

May 21, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributors Matt Cianci, Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among inflation-resilient companies. We look at why they are compelling and why each could be a fit for a blank-check merger.

Graf Acquisition Corp. IV (GFOR.U) Prices $150M IPO

May 21, 2021 IPOs by Marlena Haddad

Graf Acquisition Corp. IV announced the pricing of its $150 million IPO and its units are expected to begin trading on the New York Stock Exchange under the symbol “GFOR.U” Friday, May 21.

The Latest SPAC News and Rumors: May 20th, 2021

May 20, 2021 INTEL by Marlena Haddad

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

SPAC deal announcement activity continues to pick up and A-Rod thinks the recent regulatory scrutiny is a “good thing”.

DPCM Capital (XPOA) to Combine with Jam City in $1.2Bn Deal

May 20, 2021 INTEL by Marlena Haddad

DPCM Capital (NYSE:XPOA) has entered into a definitive agreement to combine with mobile gaming company Jam City at an enterprise value of $1.2 billion, or 10.7x its 2022E EBITDA. The Los Angeles-based company develops engaging mobile video games and has developed immersive games around Hollywood properties and entertainment brands. The combined company is expected to
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REPLAY AVAILABLE: Cerberus Telecom (CTAC) & KORE

May 20, 2021 INTEL by Kristi Marvin

A REPLAY is now available for the recently held investor presentation and Q&A with executive management from Cerberus Telecom Acquisition Corp. (CTAC) and KORE

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To Access:

Please click the following link

With Roivant, Montes Archimedes May Have First SPAC-on-SPAC Deal

May 19, 2021 INTEL by Nicholas Alan Clayton

Montes Archimedes (NASDAQ:MAAC) announced its $5 billion business combination with Roivant Sciences on May 3, but some language in its 94-slide presentation has turned some heads two weeks after the fact with the realization that it sets up a potentially unprecedented SPAC situation. On slide 34, Roivant noted that it plans to enter into discussions
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The Latest SPAC News and Rumors: May 19th, 2021

May 19, 2021 INTEL by Marlena Haddad

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

U.S. hedge funds loaded up on SPACs during the first quarter, but now the SPAC boom is moving across the pond as FCA looks to relax listing rules

As the U.S.

TODAY: Cerberus Telecom (CTAC) & KORE Wireless: Live Q&A – May 19th, 1:00PM

May 19, 2021 INTEL by Kristi Marvin

Cerberus Telecom Acquisition Corp. (CTAC) & KORE will be holding a live presentation and Q&A today at 1:00 p.m. (ET). If you haven’t previously registered, you can do so by clicking the link below.

Skydeck Acquisition Corp. (SKYAU) Prices Downsized $200M IPO

May 19, 2021 IPOs by Marlena Haddad

Skydeck Acquisition Corp. announced the pricing of its downsized $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SKYAU” Wednesday, May 19.

The new SPAC aims to combine with a media, technology, communications or digital health company that has adopted a shift to digital services and has a large addressable market. Skydeck

GigInternational1, Inc. (GIWWU) Prices $200M IPO

May 19, 2021 IPOs by Marlena Haddad

GigInternational1, Inc. (NASDAQ:GIWWU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GIWWU” Wednesday, May 19.

The new SPAC aims to combine with a TMT, A&D, mobility, or semiconductor company that will also be part of its “Mentor-Investor” program.

Aries I Acquisition Corp. (RAMMU) Prices $125M IPO

May 19, 2021 IPOs by Marlena Haddad

Aries I Acquisition Corp. announced the pricing of its $125 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RAMMU” Wednesday, May 19.

The new SPAC aims to combine with a technology-first company that is a leader in aerospace, space exploration, quantum computing, AI, cybersecurity, or blockchain.

Altimar Acquisition Corp. (ATAC) Closes Blue Owl Deal Following Shareholder Vote

May 18, 2021 INTEL by Marlena Haddad

Altimar Acquisition Corp. (NYSE:ATAC), which previously announced a combination with Owl Rock Capital Group and the Dyal Capital Partners division of Neuberger Berman Group LLC to form alternative asset management company Blue Owl Capital Inc., held a virtual meeting earlier today where shareholders voted to approve the roll-up deal. The deal is expected to close
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The Latest SPAC News and Rumors: May 18th, 2021

May 18, 2021 INTEL by Marlena Haddad

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

SPAC activity seems to be picking up again, but rather than the news be U.S.