Soaring Eagle Acquisition Corp. (SRNG) to Combine with Ginkgo Bioworks Inc. in $15Bn Deal
Soaring Eagle Acquisition Corp. (NASDAQ:SRNG) has entered into a definitive agreement to combine with cell programming company Ginkgo Bioworks Inc. at an enterprise value of $15.164 billion, or 24.1x its 2024E revenue. The Boston-based company uses genetic engineering to create bacteria for a range of industries with a focus on strain improvement, enzyme discovery, newRead More
Aurora Acquisition Corp. (AURC) to Combine with Better in $6.7Bn Deal
Aurora (NASDAQ:AURC) has entered into a definitive agreement to combine with proptech firm Better at an enterprise value of $6.7 billion, or 2.5x its 2022E revenue. New York City-based Better provides a slate of homebuying services connecting consumers with lenders, insurers and realtors. The combined company is expected to trade on the Nasdaq upon theRead More
Austerlitz Acquisition Corporation I (AUS.U) to Combine with Wynn Interactive in $3.2Bn Deal
Austerlitz I (NYSE:AUS.U) has entered into a definitive agreement to combine with online gaming company Wynn Interactive at an enterprise value of $3.16 billion, or 4.5x its 2023E revenue. The Las Vegas-based company is a subsidiary of Wynn Resorts (NASDAQ:WYNN) and provides online casino and sports betting offerings to US and UK gamers under theRead More
LIV Capital Acquisition (LIVK) to Combine with AgileThought in $482.3M Deal
LIV Capital Acquisition (NASDAQ:LIVK) has entered into a definitive agreement to combine with IT service provider AgileThought at an enterprise value of $482.3 million, or 2.6x its 2021E revenue. Texas-based AgileThought provides next-generation software, consulting services, and end-to-end digital solutions to Fortune 1000 companies. The combined entity will remain listed on the Nasdaq under theRead More
Hennessy Capital Investment Corp. V (HCIC) to Combine with Plus in $2.5Bn Deal
Hennessy Capital Investment Corp. V (NASDAQ:HCIC) has entered into a definitive agreement to combine with self-driving truck tech firm Plus at an enterprise value of $2.4 billion. Silicon Valley based Plus aims to make trucks safer and more efficient through its cutting edge autonomous technology which utilizes LiDAR and a proprietary full-stack L4 software. TheRead More
Star Peak Corp II (STPC) to Combine with Benson Hill in $1.35Bn Deal
Star Peak II (NYSE:STPC) has entered into a definitive agreement to combine with food technology company Benson Hill at an enterprise value of $1.35 billion, or 10.6x its 2021E revenue. St. Louis, Missouri-based Benson Hill develops enhanced crops to produce plant-based protein food ingredients and sells fresh produce to grocery networks like Kroger (NYSE:KR) andRead More
SPAC IPO Terms Tracker: Warrants Under Fire
Terms Tracker for the Week Ending May 7, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. After several weeks of quiet that felt more like being in the “eye of the storm” than in a lull, some of our internal conversationsRead More
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Friday Rumor Roundup: SPACs Dreaming a Little Bigger
SPAC deal activity appears to be picking up after an April lull with a triple-announcement Friday and more transactions in the chatter. We’re all trying to get our summer bods ready in time, and at least one SPAC may be jumping right into the gym with us. Equinox Luxury gym operator Equinox is reportedly inRead More
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LifeSci Acquisition II Corp. (LSAQ) to Combine with Science 37 in $1Bn Deal
LifeSci II (NASDAQ:LSAQ) has entered into a definitive agreement to combine with software firm Science 37 at an enterprise value of $1.05 billion, or 5.8x its 2023E revenue. Los Angeles-based Science 37 provides a software platform that helps organize and accelerate clinical trials by biotech researchers and pharmaceutical companies. The combined entity is expected toRead More
B. Riley Principal 250 Merger Corp. (BRIVU) Prices $150M IPO
B. Riley Principal announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BRIVU” Friday, May 7.
The new SPAC aims to combine with an established company that has an enterprise of at least $800 million and is under-performing its potential due to a temporary dislocation in the markets.
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ACON S2 Acquisition Corp. (STWO) to Combine with ESS Tech in $1.1Bn Deal
ACON S2 Acquisition Corp. (STWO) has entered into a definitive agreement to combine with battery manufacturer firm ESS Tech at an enterprise value of $1.072Bn, or 0.7x its 2025E Revenue. California-based ESS Tech produces energy storage solutions based on iron, salt, and water as opposed to the typical hazardous materials like lithium. The combined companyRead More
Live Oak Acquisition Corp. II (LOKB) to Combine with Navitas Semiconductor in $1Bn Deal
Live Oak II (NYSE: LOKB) has entered into a definitive agreement to combine with advanced charging electronics-maker Navitas at an enterprise value of $1.036 billion, or 5.7x its 2023E revenue. California-based Navitas produces gallium nitride semiconductors that enable faster and more compact power supply and charging to an array of consumer and industrial electronics sectors.Read More
Top 3 SPAC Targets – Asia Fintech
SPACInsider contributors Matt Cianci and Anthony Sozzi this week compiled their three favorite potential SPAC targets in the Asian fintech sector. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Data Knights Acquisition Corporation (DKDCU) Prices $100M IPO
Data Knights Acquisition Corporation announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DKDCU” Friday, May 7.
The new SPAC aims to combine with a company focused on data centers and internet technology sectors.
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Stable Road Acquisition Corp. (SRAC) Adjourns Shareholder Vote Without Extension
Stable Road Acquisition Corp. (NASDAQ:SRAC), which previously announced a combination with commercial space company Momentus, held a virtual meeting earlier today to extend its transaction deadline where it adjourned due to insufficient votes. The new meeting is May 13, 2021, giving Stable Road one week to find to find the requisite votes. The SPAC hasRead More
Amplitude Healthcare Acquisition Corporation (AMHC) to Combine with Jasper Therapeutics in $290M Deal
Amplitude Healthcare (NASDAQ:AMHC) has entered into a definitive agreement to combine with hematopoietic cell transplant firm Jasper Therapeutics at an enterprise value of $290 million. Biotechnology firm Jasper is working to cure several life threatening diseases such as blood cancers, sickle cell, and autoimmune disorders in underserved patients including infants, women, and minorities. The Palo-AltoRead More
Forest Road Acquisition Corp. (FRX) & Beachbody: Live Q&A – May 12th, 1:00PM
A
Live Management Presentation and Q&A
Forest Road Acquisition Corp. (FRX)
&
Beachbody
Speakers
Beachbody, Co-founder, Chairman and CEO: Carl Daikeler
Forest Road, Former CFO of Disney & Board Member of Forest Road Acquisition Corp: Tom Staggs
Date: Wednesday, May 12th
Time: 1:00 p.m.
...READ MORE 
Experience Investment Corp. (EXPC) Shareholders Approve Blade Deal
Experience Investment Corp. (NASDAQ:EXPC) announced that its shareholders have approved its combination with Blade while redeeming a small amount of shares for cash. The parties’ press release did not give an exact figure for the number of shares redeemed, but noted that the deal will now bring $365 million in gross proceeds to Blade includingRead More
SPAC IPOs Are Back, But Are They?
The pace of SPAC IPOs has loosened up from the screeching halt it experienced in early April with five listings since last Thursday and two to three potentially on the docket through the end of the week. That compares with just 10 IPOs from in the first four weeks of April (April 1 through AprilRead More