Sports Entertainment Acquisition Corp. (SEAH) to Combine with Super Group in $4.6Bn Deal

Apr 26, 2021 INTEL by Nicholas Alan Clayton

Sports Entertainment (NYSE:SEAH) has entered into a definitive agreement to combine with Super Group at an enterprise value of $4.64 billion, or 13.3x its 2021E EBITDA. UK-based Super Group provides online sports betting through its Betway brand and an online casinos under the Spin brand with 2.5 million monthly active customers. The combined company is
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SPAC IPO Terms Tracker: Patiently Waiting

Apr 25, 2021 INTEL by Matt Cianci

Terms Tracker for the Week Ending April 23, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Another quiet week means teams are racing to figure out how to reconcile the SEC’s warrant-reclassification. This also means we are one week closer to
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Friday Rumor Roundup: Even EVs Need Maps

Apr 23, 2021 INTEL by Nicholas Alan Clayton

The rumor mill slowed down this week as SPACland players were likely too busy trying to get their auditors on the phone to understand the way forward on warrant language rather than chat with reporters. But there is never a full shortage of chatter touching upon what teams may be up to. We collected this
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Northern Genesis Acquisition Corp. (NGA) Shareholders Approve Lion Electric Deal

Apr 23, 2021 INTEL by Nicholas Alan Clayton

Northern Genesis (NYSE:NGA) announced that its shareholders approved its business combination with EV-maker Lion Electric at its special meeting held earlier today.

The business combination will now be completed shortly, however the parties have opted to wait until Northern Genesis has had the opportunity to file an amended 10-K, re-stating its warrants as derivative liabilities in response to recent SEC comments.

Matt’s Top 3 SPAC Targets – Infrastructure Week

Apr 23, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributor Matt Cianci this week compiled his three favorite potential SPAC targets that stand to benefit from a large-scale government investment in infrastructure. We look at why they are compelling and why each could be a fit for a blank-check merger.

SPACs on Sale: SPACs Below NAV Now the Majority

Apr 22, 2021 INTEL by Kristi Marvin

SPACs on Sale SPAC new issuance has ground to a halt with the change in accounting treatment of warrants and inquiry into SPAC merger projections initiated by the SEC. Alongside this, the market has also cooled and term changes for new SPACs have been slightly negative to flat as many teams would rather wait out
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Fifth Wall Acquisition Corp. I (FWAA) to Combine with Smart Rent in $1.7Bn Deal

Apr 22, 2021 INTEL by Kristi Marvin

Fifth Wall Acquisition Corp. I (NASDAQ:FWAA) has entered into a definitive agreement to combine with Smart Rent, a smart home technology platform for property managers and residents at an enterprise value of $1.66 billion, or 4.4x its 2022E revenue multiple. Scottsdale, Arizona-based SmartRent is a proptech company that provides the real estate industry with deeply
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Horizon Acquisition Corporation (HZAC) to Combine with Vivid Seats in $2Bn Deal

Apr 22, 2021 INTEL by Nicholas Alan Clayton

Horizon (NYSE:HZAC) has entered into a definitive agreement to combine with ticket marketplace Vivid Seats at an enterprise value of $2.059 billion, or 4.5x its 2022E revenue. Chicago-based Vivid provides a marketplace for the $39 billion concert, theatre and sporting event ticket market. Transaction Overview Horizon is funding the deal with about $544 million in
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GigCapital3, Inc. (GIK) Shareholders Approve Lightning eMotors Deal

Apr 22, 2021 INTEL by Kristi Marvin

GigCapital3, Inc. (NYSE:GIK) announced in an 8-K filing that its shareholders have approved its business combination with with Lightning eMotors at its special meeting held yesterday, April 21, 2021.

While only 56% of shares participated in the vote, 98% voted in favor of the combination.

SPACs and the SEC: Are the Solutions Worse Than the Perceived Problem?

Apr 20, 2021 INTEL by Kristi Marvin

For an asset class that had previously struggled to be noticed for almost 20 years, we sure have gotten a lot of attention lately. First it was the SEC’s statement on SPACs vs.

Roman DBDR Tech Acquisition Corp. (DBDR) to Combine with CompoSecure in $1.2Bn Deal

Apr 19, 2021 INTEL by Nicholas Alan Clayton

Roman DBDR (NASDAQ:DBDR) has entered into a definitive agreement to combine with cryptocurrency storage and payments provider CompoSecure at an enterprise value of $1.2 billion, or 10.3x its 2020 adjusted EBITDA. New Jersey-based CompoSecure provides metal credit cards to banks and payments processors and, in 2021, it is rolling out a proprietary crypto payments and
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dMY Technology Group, Inc. II (DMYD) Shareholders Approve Genius Sports Deal

Apr 16, 2021 INTEL by Nicholas Alan Clayton

dMY Technology Group, Inc. II (NYSE:DMYD) announced in an 8-K filing that its shareholders have approved its merger with Genius Sports with minimal shares redeemed.

The business combination was nearly unanimously approved by shareholders at a special meeting earlier today.

SPAC IPO Terms Tracker: Grinded To A Halt*

Apr 16, 2021 INTEL by Matt Cianci

Terms Tracker for the Week Ending April 16, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. April has not been the friendliest of months to those in SPAC-land: between poor performance, tightening terms, and a couple SEC letters, the IPO market
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Friday Rumor Roundup: SPACs Getting Back into Ads

Apr 16, 2021 INTEL by Nicholas Alan Clayton

Although IPO flow has slowed as teams consider adjustments based on the SEC’s recent statement on warrants, the flow of chatter out of deal-making circles is still on full blast. We have assembled the latest rumored deals for your weekend reading: Simplifi D and Z Media Acquisition Corp. (NYSE:DNZ) is reportedly in talks to merge
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REPLAY AVAILABLE: Vector Acquisition Corp. (VACQ) & Rocket Lab

Apr 16, 2021 INTEL by Kristi Marvin

A REPLAY is now available for the recently held investor presentation and Q&A with executive management from Vector Acquisition Corp. (VACQ) and
Rocket Lab

To access:
Please click on the following link

A

Eric’s Top 3 SPAC Targets – Vertical Farming

Apr 16, 2021 INTEL by Nicholas Alan Clayton

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

Consonance-HFW Acquisition Corp. (CHFW) to Combine with Surrozen in $203M Deal

Apr 15, 2021 INTEL by Nicholas Alan Clayton

Consonance-HFW (NYSE:CHFW) has entered into a definitive agreement to combine with biotech firm Surrozen at an enterprise value of $203.3 million. San Francisco-based Surrozen is developing preclinical drugs to combat bowel and liver disorders using therapies targeting Wnt-pathways. The combined company is expected to list on the Nasdaq under the symbol “SRZN” once the deal
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D8 Holdings Corp. (DEH) to Combine with Vicarious Surgical in $1.1Bn Deal

Apr 15, 2021 INTEL by Kristi Marvin

D8 Holdings Corp. (NYSE: DEH) announced this morning that it will combine with surgical robot company Vicarious Surgical, Inc. at a proforma enterprise value of $1.119 billion, or 3.1x 2025 Revenue. Founded in 2014, Charleston, Massachusetts based Vicarious is a next generation robotics company developing a technology with the goal of increasing the efficiency of
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Roth CH Acquisition II Co. (ROCC) to Combine with Reservoir Holdings in $788M Deal

Apr 15, 2021 INTEL by Nicholas Alan Clayton

Roth CH II (NASDAQ:ROCC) has entered into a definitive agreement to combine with independent media company Reservoir Holdings at an enterprise value of $788 million, or 20x its 2022E EBITDA. New York City-based Reservoir is a family-owned music publisher with about 130,000 copyrights, 26,000 master recordings and hundreds of #1 releases. The combined company will
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BCTG Acquisition Corp. (BCTG) to Combine with Tango Therapeutics in $353M Deal

Apr 14, 2021 INTEL by Nicholas Alan Clayton

BCTG (NASDAQ:BCTG) has entered into a definitive agreement with biotech firm Tango Therapeutics, bringing total proceeds of $353 million into the deal. Tango is developing a range of cancer therapies designed to suppress tumor growth that are currently in pre-clinical stages. The combined company is expected to trade on the Nasdaq under the symbol “TNGX”
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Sports Entertainment Acquisition Corp. (SEAH) to Combine with Super Group in $4.6Bn Deal

A REPLAY is now available for the recently held investor presentation and Q&A with executive management from Vector Acquisition Corp. (VACQ) and Rocket Lab

To access: Please click on the following link

A

A REPLAY is now available for the recently held investor presentation and Q&A with executive management from Vector Acquisition Corp. (VACQ) and
Rocket Lab

To access:
Please click on the following link