TPG Pace Beneficial Finance (TPGY) Warns EVBox Might Not Extend “Outside Date”
TPG Pace Beneficial Fiance Corp. (NYSE:TPGY), which previously announced an intended combination with electric vehicle smart-charger EVBox, announced in an 8-K filing yesterday afternoon that it no longer expects to be in a position to close its Business Combination by June 2021 and that “significant uncertainty exists regarding whether the Business Combination will ultimatelyRead More
Mountain Crest Acquisition Corp. III (MCAEU) Prices $50M IPO
Mountain Crest Acquisition Corp. III (NASDAQ:MCAEU) announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MCAEU” Tuesday, May 18.
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Angel Pond Holdings Corporation (POND.U) Prices Downsized $250M IPO
Angel Pond Holdings Corp. announced the pricing of its downsized $250 million IPO and its units are expected to begin trading on the NYSE under the symbol “POND.U” Tuesday, May 18.
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Catalyst Partners Acquisition (CPARU) Prices $300M IPO
Catalyst Partners Acquisition (NASDAQ:CPARU) announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CPARU” Tuesday, May 18.
The new SPAC aims to combine with a company that benefits from a number of trends including cybersecurity software, data and analytics software, next-generation infrastructure software, and application software.
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Yunhong International (ZGYH) to Combine with Giga Energy in $7.4Bn Deal
Yunhong International (NASDAQ:ZGYH) has entered into a definitive share exchange agreement to combine with industrial and transportation solutions firm Giga Energy Inc. in a deal valued at up to $7.345 billion. The Hangzhoua,China-based company aims to become a global leader in carbon neutral energy solutions with a full solution of products to support their deployment and usage.Read More
Seaport Global Acquisition Corp. (SGAM) to Combine with Redbox in $693M Deal
Seaport Global (NASDAQ:SGAM) has entered into a definitive agreement to combine with home entertainment provider Redbox at an enterprise value of $693 million, or 3.6x its 2022E EBITDA. Redbox provides movie rentals through about 40,000 kiosks at retail locations and also offers streaming TV and movie options on its digital platform. The combined company isRead More
SCVX Corp. (SCVX) to Combine with Bright Machines in $1Bn Deal
SCVX Corp. (NYSE:SCVX) has entered into a definitive agreement to combine with manufacturing-software company Bright Machines at an enterprise value of $1.1 billion. The San Francisco-based company modernizes manufacturing by using artificial intelligence and robotics to automate tasks in electronic manufacturing. Bright Machines microfactories can be programmed to complete electronic tasks to make supply chainsRead More
SPAC IPO Terms Tracker: A Sign Of The Times
Terms Tracker for the Week Ending May 14, 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 final weeks before summer, SPACs remain in tightening mode and the slow pace of IPOs and new S-1 registration statements continues. ThereRead More
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Friday SPAC Rumor Roundup: Hydrogen Versus Down-Market Gravity
SPAC deal flow is officially ramping up after an extended lull, with five SPACs announcing transactions last week and eight this week. The same cannot be said for SPAC IPOs, which remain at a relative trickle even as global IPOs crossed an all-time record this week both in proceeds – $248 billion – and volumeRead More
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Eric’s Top SPAC Targets – Music Catalogs
SPACInsider contributor Eric Weidemann this week compiled his three favorite potential SPAC targets holding valuable music copyright catalogs. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Osiris Acquisition Corp. (OSI.U) Prices Downsized $230M IPO
Osiris Acquisition Corp. announced the pricing of its downsized $230 million IPO and its units are expected to begin trading on the NYSE under the symbol “OSI.U” Friday, May 41.
The new SPAC aims to combine with a highly recognizable consumer, retail, or leisure company that has loyal customers and has been disproportionately affected due to the impact of COVID.
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REPLAY AVAILABLE: Forest Road (FRX) & BeachBody
A REPLAY is now available for the recently held investor presentation and Q&A with executive management from
Forest Road Acquisition Corp. (FRX) and BeachBody
To Access:
Please click the following link
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Stable Road Acquisition Corp. (SRAC) Secures Deadline Extension
Stable Road Acquisition Corp. (NASDAQ:SRAC) has secured an extension of its transaction deadline as it works to complete its combination with commercial space company Momentus. Shareholders voted to extend the deadline from May 14 to August 13 at a special meeting earlier today. An earlier meeting to extend the deadline on May 6 had toRead More
Cerberus Telecom Acquisition Corp. (CTAC) & KORE Wireless: Live Q&A – May 19th, 1:00PM
A
Live Management Presentation and Q&A
Cerberus Telecom Acquisition Corp. (CTAC)
&
KORE
Speakers
Tim Donahue – CEO, Cerberus Telecom
Nick Robinson – Co-Chief Investment Officer, Cerberus Telecom
Michael Palmer – Co-Chief Investment Officer, Cerberus Telecom
Romil Bahl – President & CEO, KORE
Puneet Pamnani – CFO, KORE
Date: Wednesday, May 19th
Time: 1:00 p.m.
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Orion Biotech Opportunities Corp. (ORIAU) Prices $200M IPO
Orion Biotech Opportunities Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIAU” Thursday, May 13.
The new SPAC aims to combine with a North American, European or Asian healthcare company with a biotech focus.
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TODAY: Forest Road Acquisition Corp. (FRX) & Beachbody: Live Q&A – May 12th, 1:00PM
Forest Road Acquisition Corp. (FRX) & Beachbody 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.
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Centricus Acquisition Corp. (CENH) to Combine with Arqit Limited in $1Bn Deal
Centricus Acquisition Corp. (NASDAQ:CENH) has entered into a definitive agreement to combine with quantum encryption technology firm Arqit Limited at an enterprise value of $1.026 billion. The London-based company uses its unique quantum encryption technology, QuantumCloud™, to strengthen the communications links of any networked device secure against current and future forms of hacking, including attacksRead More
Switchback II Corporation (SWBK) to Combine with Bird in $2.3Bn Deal
Switchback II (NYSE:SWBK) has entered into a definitive agreement to combine with scooter-share provider Bird at an enterprise value of $2.3 billion, or 2.8x its 2023E revenue. Bird provides short-term scooter rentals for single trips as a mobility option around about 200 urban centers in the Americas, Europe, Israel and New Zealand. The combined companyRead More
How Can SPACs Protect Themselves from Litigation: A Few Insurance Tips and Scenarios
By Yelena Dunaevsky, Esq. and Emily Maier, Woodruff-Sawyer & Co. A version of this article was published in the American Bar Association’s Deal Points Newsletter of the Mergers & Acquisitions Committee, Volume XXVI, Issue 2, Spring 2021 If you are on a SPAC team or looking to merge with a SPAC, the recent statements fromRead More
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