CM Life Sciences III Inc. (CMLT) Prices Upsized $480M IPO

Apr 7, 2021 IPOs by Nicholas Alan Clayton

CM Life Sciences III Inc. announced the pricing of its upsized $480 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PANA”, Wednesday, April 7.

Mudrick Capital Acquisition Corporation II (MUDS) to Combine with Topps in $1.3Bn Deal

Apr 6, 2021 INTEL by Nicholas Alan Clayton

Mudrick II (NASDAQ:MUDS) has entered into a definitive agreement to combine with sports and entertainment collectibles company Topps at an enterprise value of $1.3 billion, or 1.9x its 2021E revenue. Topps provides multi-platform collectible sports and entertainment products as well as a line of candies and other snacks. The combined entity is expected to trade
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REMINDER: Property Solutions (PSAC) & Faraday Future: Live Q&A

Apr 6, 2021 INTEL by Kristi Marvin

Property Solutions (PSAC) & Faraday Future will be holding a live presentation and Q&A Wednesday at 2:00 p.m. (ET). If you haven’t previously registered, you can do so by clicking the link below.

Rotor Acquisition Corp. (ROT) to Combine with Sarcos Robotics in $1.3Bn Deal

Apr 6, 2021 INTEL by Nicholas Alan Clayton

Rotor (NYSE:ROT) has entered into a definitive agreement to combine with industrial robotics maker Sarcos at an enterprise value of $1.3 billion or 3x its 2024E revenue. Sarcos provides robotics designed to augment worker capabilities and prevent workplace injuries. The combined entity is expected to trade on the Nasdaq under the symbol “STRC” once the
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EG Acquisition Corp. Locks Up Founder Shares for 3 Years

Apr 5, 2021 INTEL by Kristi Marvin

Another evolution… We had three new SPACs file to IPO today – Aurvandil (AURVU), Black Dragon (DGON.U) and EG (EGGF.U) – but one of these is not like the others. That’s because EG Acquisition Corp., which filed for a $250 million SPAC, included a new term. Additionally, while EG states they will be looking in
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Ace Global Business Acquisition Limited (ACBAU) Prices $40M IPO

Apr 5, 2021 IPOs by Nicholas Alan Clayton

Ace Global Business Acquisition Limited announced the pricing of its $40 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ACBAU”, Tuesday, April 6.

SPAC Discount Aisle Continues to Expand

Apr 5, 2021 INTEL by Matt Cianci

As we’ve discussed in recent days, the SPAC market has cooled and has led to a slight tightening of SPAC terms and dozens of SPACs are now trading below their trust value. This is of concern to teams with near-term votes on the calendar, but also presents arbitrage opportunities for investors looking to hop into
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SPAC IPO Terms Tracker: SPACs on Holiday

Apr 4, 2021 INTEL by Matt Cianci

Terms Tracker for the Week Ending April 2, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. The SPAC IPO market seemed to take last week off after the previous week’s poor performance across the board. There were just two IPO’s last
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Eric’s Top 3 SPAC Targets – Location-Based Tech

Apr 2, 2021 INTEL by Nicholas Alan Clayton

SPACInsider contributor Eric Weidemann this week compiled his three favorite potential SPAC targets among location-based services software and technology companies. We look at why they are compelling and why each could be a fit for a blank-check merger.

New Providence Acquisition Corp. (NPA) Shareholders Approve AST & Science Deal

Apr 1, 2021 INTEL by Nicholas Alan Clayton

New Providence Acquisition Corp. (NASDAQ:NPA) announced that its shareholders approved its business combination with space-based broadband provider AST & Science at a special meeting earlier today.

The parties expect to close the deal by about April 6, after which the combined company will operate as AST SpaceMobile with its shares and warrants trading on the Nasdaq under the symbols “ASTS” and “ASTSW”, respectively.

Collective Growth Corporation (CGRO) Reports Preliminary Results of Completion Vote

Apr 1, 2021 INTEL by Nicholas Alan Clayton

Collective Growth Corporation (NASDAQ:CGRO) announced that its shareholders appear to have approved its combination with lidar-maker Innoviz based on preliminary vote results. The SPAC plans to release final results in an 8-K filing to come. As with some other completion votes over the past several months, Collective Growth received broad approval from shareholders but struggled
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Property Solutions (PSAC) & Faraday Future: Live Q&A – April 7th, 2:00PM

Apr 1, 2021 INTEL by Kristi Marvin

A

Live Management Presentation and Q&A

Please join

Property Solutions Acquisition Corp. (PSAC)

Faraday Future

for an online investor presentation and live Q&A discussion regarding their proposed merger, featuring:

Speakers

Faraday Future, Global CEO: Carsten Breitfeld
Faraday Future, CFO: Zvi Glasman
Faraday Future, Global Partner & Head of Strategy: Prashant Gulati
Property Solutions, Co-CEO: Aaron Feldman

Date: Wednesday, April 7th
Time: 2:00 p.m.

Union Acquisition Corp. II (LATN) to Combine with Procaps in $1.1Bn Deal

Mar 31, 2021 INTEL by Nicholas Alan Clayton

Union II (NASDAQ:LATN) has entered into a definitive agreement to combine with pharmaceutical manufacturer Procaps Group at an enterprise value of $1.1 billion, or 10.75x its 2021E EBITDA. Barranquilla, Colombia-based Procaps is one of the world’s largest manufacturers of softgel medicines and offers a range of other diversified pharmaceutical products and services. The combined company
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Nocturne Acquisition Corporation (MBTCU) Prices $100M IPO

Mar 31, 2021 IPOs by Nicholas Alan Clayton

Nocturne Acquisition Corporation announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MBTCU”, Wednesday, March 31.

The new company aims to combine with a disruptive technology target valued at $300 million to $1 billion with blockchain or AI innovations.

TODAY at 2:00PM: Nebula Caravel (NBEC) & Rover: Live Q&A

Mar 31, 2021 INTEL by Kristi Marvin

Nebula Caravel (NBEC) & Rover will be holding a live presentation and Q&A today at 2:00 p.m. (ET). If you haven’t previously registered, you can do so by clicking the link below.

Another Vote Issue: Collective Growth Corp. (CGRO) & Innoviz

Mar 30, 2021 INTEL by Kristi Marvin

As yet another reminder of the changing nature of SPACs and their shareholder base, and the new risks involved with a shareholder vote, Collective Growth (CGRO) is currently facing its own “shortage” of shares that are participating in its vote tomorrow to complete its combination with Innoviz.

Qell Acquisition Corp. (QELL) to Combine with Lilium in $2.4Bn Deal

Mar 30, 2021 INTEL by Nicholas Alan Clayton

Qell (NASDAQ:QELL) has entered into a definitive agreement to combine with electric vertical take-off and landing jet (eVTOL) maker Lilium at an enterprise value of $2.37 billion, or 1.8x its 2025E revenue. Lilium is developing its jets for use as regional transportation vehicles and small cargo haulers with initial rollouts aimed at the Mid-Atlantic, Florida
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two (TWOA) Prices $200M SPAC IPO

Mar 30, 2021 IPOs by Nicholas Alan Clayton

two (TWOA.U) announced the pricing of their $200 million IPO this morning and the shares are expected to begin trading on the NYSE under the symbol “TWOA”, Tuesday, March 30.

The new company intends to combine with a target advancing innovation and the democratization of technology with promising growth.

CM Life Sciences II (CMIIU) to Combine with SomaLogic in $1.23Bn Deal

Mar 29, 2021 INTEL by Kristi Marvin

CM Life Sciences II (NASDAQ:CMIIU) announced this morning that it will combine with proteomics firm SomaLogic at an enterprise value of $1.23 billion, or 14.6x its 2022E revenue. SomaLogic provides a technology platform for use both in proteomics research and medical diagnostics. The deal is expected to close in the third quarter, with SomaLogic trading
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AJAX I (AJAX) to Combine with Cazoo in $7Bn Deal

Mar 29, 2021 INTEL by Nicholas Alan Clayton

AJAX I (NYSE:AJAX) has entered into a definitive agreement to combine with online car retailer Cazoo at an enterprise value of $7 billion, or 7.2x its 2021E revenue. London-based Cazoo provides a digitized marketplace for used cars available either for sale or via a subscription. The combined company is expected to trade on the NYSE
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CM Life Sciences III Inc. (CMLT) Prices Upsized $480M IPO

Property Solutions (PSAC) & Faraday Future will be holding a live presentation and Q&A Wednesday at 2:00 p.m. (ET). If you haven’t previously registered, you can do so by clicking the link below.

A

Live Management Presentation and Q&A

Please join

for an online investor presentation and live Q&A discussion regarding their proposed merger, featuring:

Date: Wednesday, April 7thTime: 2:00 p.m.

Nebula Caravel (NBEC) & Rover will be holding a live presentation and Q&A today at 2:00 p.m. (ET). If you haven’t previously registered, you can do so by clicking the link below.

Date: Wednesday, April 7th
Time: 2:00 p.m.