Vesper Healthcare Acquisition Corp. (VSPR) Completes HydraFacial Deal

May 5, 2021 INTEL by Nicholas Alan Clayton

Vesper Healthcare Acquisition Corporation (NASDAQ:VSPR) announced this morning it has completed its business combination with HydraFacial following a special meeting last week that saw low levels of share redemptions. About 78.9% of Vesper’s shares took part in the meeting, and the transaction was overwhelmingly approved. Shareholders redeemed 2,672,690 shares for cash, removing an estimated $26.7
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Maquia Capital Acquisition Corp. (MAQCU) Prices Downsized $160M IPO

May 5, 2021 IPOs by Marlena Haddad

Maquia Capital Acquisition Corp. announced the pricing of its downsized $160 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MAQCU” Wednesday, May 5.

Valor Latitude Acquisition Corp. (VLATU) Prices $200M IPO

May 4, 2021 IPOs by Nicholas Alan Clayton

Valor Latitude Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VLATU” Tuesday, May 4.

The new company aims to combine with an innovative, technology-enabled business that can improve the environment in Brazil.

CF Finance Acquisition Corp III (CFAC) Revises AEye Deal, Slashing Valuation From $1.9Bn to $1.52Bn

May 3, 2021 INTEL by Marlena Haddad

CF Finance III (NASDAQ:CFAC) amended its merger agreement with lidar-maker AEye today due to recent valuation changes of publicly traded lidar companies and changing conditions in the automotive lidar industry. Under the amended merger agreement, AEye’s valuation was lowered approximately by 20%, from $1.9Bn to $1.5Bn. Cantor Fitzgerald-sponsored CF Finance III has also deposited an
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Montes Archimedes Acquisition Corp (MAAC) to Combine with Roivant Sciences in $5Bn Deal

May 3, 2021 INTEL by Nicholas Alan Clayton

Montes Archimedes (NASDAQ:MAAC) has entered into a definitive agreement to combine with biotech firm Roivant Sciences at an enterprise value of $5 billion. Basel, Switzerland-based Roivant develops an array of drug candidates acquired from peers or internally developed with its enhanced computing platform. The combined company is expected to trade on the Nasdaq under the
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SPAC IPO Terms Tracker: Winds of Change

May 2, 2021 INTEL by Matt Cianci

Terms Tracker for the Week Ending April 30, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This past week saw three IPO’s gross $560M in proceeds. The action is welcomed considering there were zero IPO’s the week prior, however, it would
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Friday Rumor Roundup: SPACs’ European Vacation

Apr 30, 2021 INTEL by Marlena Haddad

Regulators have generated a fair amount of the buzz in recent weeks, as watchdogs in multiple countries consider tightening and loosening screws. But, the birds are chirping and spring winds continue to be scented with whiffs of deals in the air. Here’s a selection of what we sniffed this week: Plus Autonomous truck startup Plus
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Gores Metropoulos II (GMII) to Combine with Sonder Holdings in $2.2Bn Deal

Apr 30, 2021 INTEL by Marlena Haddad

Gores Metropoulos II, Inc. (NASDAQ:GMII) has entered into a definitive agreement to combine with next-generation hospitality firm Sonder Holdings at an enterprise value of $2.2 billion, or 3.6x its 2022E revenue. Lodging startup Sonder is working to redefine the guest experienced by transforming apartments and hotel rooms into short term rentals with a modern touch.
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Eric’s Top 3 SPAC Targets – Mobile Gaming

Apr 30, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributor Eric Weidemann this week compiled his three favorite potential SPAC targets in mobile gaming. We look at why they are compelling and why each could be a fit for a blank-check merger.

ION Acquisition Corp 3 Ltd. (IACC.) Prices Downsized $220M IPO

Apr 30, 2021 IPOs by Marlena Haddad

ION Acquisition Corp 3 Ltd. announced the pricing of its downsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “IACC”, starting on Friday, April 30.

Q&A with Shapeways CEO Gregory Kress

Apr 29, 2021 INTEL by Nicholas Alan Clayton

Galileo Acquisition Corporation (NYSE:GLEO) announced a $410 million deal with additive manufacturing company Shapeways on April 28. Shapeways provides a software platform for designers to have digitally-designed parts or products optimized and manufactured out of its Long Island City, NY facilities.

Big Sky Growth Partners, Inc. (BSKYU) Prices $300M IPO

Apr 29, 2021 IPOs by Nicholas Alan Clayton

Big Sky Growth Partners, Inc. announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BSKYU” Thursday, April 29.

Tuscan Holdings Corp. (THCB) Adjourns Shareholder Vote

Apr 28, 2021 INTEL by Kristi Marvin

Tuscan Holdings Corp. (NASDAQ:THCB), which previously announced an intended combination with battery technology developer Microvast Holdings, Inc., announced in an 8-K filing this afternoon that it will be adjourning its shareholder vote to May 10, 2021. The new meeting will be held at 10:00 a.m. Eastern time, virtually, at https://www.cstproxy.com/tuscanholdingscorp/2021. Tuscan has also extended the
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TradeUP Global Corporation (TUGCU) Prices $40M IPO

Apr 28, 2021 IPOs by Marlena Haddad

TradeUP Global Corporation announced the pricing of its $40 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TUGCU” Thursday, April 29.

The new SPAC aims to combine with a business that has been misevaluated by the marketplace and is underperforming its potential.

Marquee Raine (MRAC) to Combine with Enjoy in $1.2Bn Deal

Apr 28, 2021 INTEL by Marlena Haddad

Marquee Raine (NASDAQ:MRAC) has entered into a definitive agreement to combine with technology-powered service platform Enjoy Technology Inc. at an enterprise value of approximately $1.2 billion, or 4.8x the estimated 2022 revenues. Enjoy offers “commerce at home” by hand-delivering consumer orders and configuring electronic devices in the comfort of their own home. The combined company
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Galileo Acquisition Corp. (GLEO) to Combine with Shapeways in $410M Deal

Apr 28, 2021 INTEL by Nicholas Alan Clayton

Galileo (NYSE:GLEO) has entered into a definitive agreement to combine with digital manufacturing firm Shapeways at an enterprise value of $410 million, or 4.8x its 2022E revenue. Shapeways provides a software platform for designers to have digitally-designed parts or products optimized and manufactured out of its Long Island City, NY facilities. The combined company is
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Star Peak Energy Transition Corp. (STPK) Shareholders Approve Stem Deal

Apr 27, 2021 INTEL by Nicholas Alan Clayton

Star Peak Energy Transition (NYSE:STPK) announced in an 8-K filing that its shareholders approved its business combination with energy storage company Stem with minimal shares redeemed earlier today.

About 59.6% of Star Peak shares participated in the vote at a special meeting and overwhelmingly approved the business combination and other governance proposals on the ballot.

EV Targets Announce Strategic Partnerships

Apr 27, 2021 INTEL by Marlena Haddad

Over the past several quarters, automotive tech firms generated a great deal of excitement as they attempted to disrupt the industry via SPACs, but have since had a rough ride with a down market across the SPAC space. Pre-revenue SPAC targets have also been the subject of some open-air critiquing by the SEC for trumpeting
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Blue Water Acquisition Corporation (BLUW) to Combine with Clarus in $216M Deal

Apr 27, 2021 INTEL by Nicholas Alan Clayton

Blue Water (NASDAQ:BLUW) has entered into a definitive agreement to combine with pharmaceutical firm Clarus Therapeutics at an enterprise value of $215.9 million. Clarus provides testosterone replacement therapy (TRT) drugs in an oral pill form under the JATENZO brand and is developing other androgen and metabolic therapies. The combined company is expected to trade on
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Alberton Acquisition Corporation (ALAC) Extends Transaction Deadline

Apr 26, 2021 INTEL by Nicholas Alan Clayton

Alberton Acquisition Corporation (NYSE:NGA) announced that its shareholders approved an extension of its transaction deadline to October 26, but approximately 9.6% of shareholders opted to redeem shares in connection with the vote. Shareholders voting at Alberton’s special meeting April 23 redeemed a total of 135,069 shares removing an estimated $1.48 million from its trust. Redemptions
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