Sandbridge X2 Corp. (SBII.U) Prices Upsized $220M IPO

Mar 9, 2021 IPOs by Nicholas Alan Clayton

Sandbridge X2 Corp. announced the pricing of its upsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “SBII.U”, Wednesday, March 10.

The new company aims to combine with a consumer target driving the adoption of digital products and services.

PWP Forward Acquisition Corp. I (FRWAU) Prices $200M IPO

Mar 9, 2021 IPOs by Nicholas Alan Clayton

PWP Forward Acquisition Corp. I announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FRWAU”, Wednesday, March 10.

ESM Acquisition Corporation (ESM.U) Prices $300M IPO

Mar 9, 2021 IPOs by Nicholas Alan Clayton

ESM Acquisition Corporation announced the pricing of its $300 million IPO and its units are expected to begin trading on the NYSE under the symbol “ESM.U,” Wednesday, March 10.

The new company aims to combine with a target company facilitating the transition in the economy away from carbon-emitting practices.

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Budgeting for SPAC Insurance: Five Costs to Understand

Mar 9, 2021 INTEL by Kristi Marvin

Yelena Dunaevsky, from Woodruff Sawyer, breaks down insurance budgeting costs for SPAC teams. Read on for an explainer and how future teams can prepare.

By Yelena Dunaevsky
Vice President, Transactional Insurance

This article was originally published in Bloomberg Law.

Motion Acquisition Corp. (MOTN) to Combine with DocGo in $900M Deal

Mar 9, 2021 INTEL by Nicholas Alan Clayton

Motion Acquisition Corp. (NASDAQ:MOTN) has entered into a definitive agreement to combine with Ambulnz, which is to be renamed DocGo upon consummation of the deal, at an enterprise value of $900 million. DocGo, which provides medical transportation and telehealth services, is valued at 5.8x its 2021E revenue in the deal. The combined company is expected
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Independence Holdings Corp. (ACQRU) Prices Upsized $435M IPO

Mar 9, 2021 IPOs by Nicholas Alan Clayton

Independence Holdings Corp. announced the pricing of its upsize $435 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ACQRU,” Tuesday, March 9.

The new company aims to combine with a leading fintech or payments technology target valued between $1 billion and $5 billion.

SVF Investment Corp. 2 (SVFB) Prices $200M IPO

Mar 8, 2021 IPOs by Nicholas Alan Clayton

SVF Investment Corp. 2 announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “SVFB,” Tuesday, March 9.

The new company aims to combine with a telecom, cloud data, AI or robotics target with sustainable and profitable growth ahead of it.

SVF Investment Corp. 3 (SVFC) Prices $280M IPO

Mar 8, 2021 IPOs by Nicholas Alan Clayton

SVF Investment Corp. 3 announced the pricing of its $280 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “SVFC,” Tuesday, March 9.

The new company aims to combine with a telecom, cloud data, AI or robotics target with sustainable and profitable growth ahead of it.

Peridot Acquisition Corp. II (PDOT.U) Prices Upsized $360M IPO

Mar 8, 2021 IPOs by Kristi Marvin

Peridot Acquisition Corp. II announced the pricing of its upsized $360 million IPO and its units are expected to begin trading on the NYSE under the symbol “PDOT.U,” Tuesday, March 9.

CF Finance Acquisition Corp II (CFII) Completes View Deal

Mar 8, 2021 INTEL by Nicholas Alan Clayton

CF Finance II (NASDAQ:CFII) announced that it has completed its business combination with smart windows-maker View after shareholders approved the deal Friday, but many also opted to redeem their shares for cash. In connection with the vote, 12,587,893 shares were redeemed, removing about $125.9 million from the SPAC’s trust. CF Finance II has sagged along
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NewHold Investment Corp. (NHIC) to Combine with Evolv in $1.325Bn Deal

Mar 8, 2021 INTEL by Kristi Marvin

NewHold Investment Corp. (NASDAQ:NHIC) has entered into a definitive agreement to combine with AI touchless security screening company Evolv Technology (“Evolv”), at an enterprise value of $1.325 billion, or its 3.9x 2024E revenue. Evolv’s touchless screening system allows for visitors to pass through screening without breaking stride and continuing the pace of life. The Evolv
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New Beginnings Acquisition Corp. (NBA) to Combine with Airspan Networks in $822M Deal

Mar 8, 2021 INTEL by Nicholas Alan Clayton

New Beginnings (NYSE:NBA) has entered into a definitive agreement to combine with Airspan (OTCMKTS:AIRO) at an enterprise value of $822 million, or 4.7x its 2020E revenue. Boca Raton, Florida-based Airspan provides hardware and software to broadcast 4G and 5G access to telecom clients. The combined company is expected to trade under the symbol “MIMO” on
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Reminder: GigCapital2, Inc. (GIX) & UpHealth: Live Q&A – March 10th, 2:00PM

Mar 8, 2021 INTEL by Kristi Marvin

GigCapital2, Inc. (GIX) & UpHealth 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.

dMY Technology Group, Inc. III (DMYI) to Combine with IonQ in $1.3Bn Deal

Mar 8, 2021 INTEL by Nicholas Alan Clayton

dMY III (NYSE:DMYI) has entered into a definitive agreement to combine with quantum computing company IonQ at an enterprise value of $1.37 billion, or its 5.8x 2025E revenue. IonQ is developing quantum computing hardware to be used in a number of different applications including machine-learning, financial markets-monitoring and high-tech research. The combined company is expected
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SPAC IPO Terms Tracker: Return of the Downsize

Mar 7, 2021 INTEL by Matt Cianci

Terms Tracker for the Week Ending March 5, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Last week showed more signs of cracks after 39 IPO’s came to market for $11.44 billion and another 44 new teams filed an S-1. Despite
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Good Works Acquisition Corp. (GWAC) to Combine with Cipher Mining in $2Bn Deal

Mar 5, 2021 INTEL by Nicholas Alan Clayton

Good Works (NASDAQ:GWAC) has entered into a definitive agreement to combine with bitcoin miner Cipher Mining at an enterprise value of $2 billion. Cipher Mining is to be a US-based spinoff from bitcoin miner BitFury with four greenfield mining centers to be set up in the country. The combined company is expected to trade on
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Lerer Hippeau Acquisition Corp. (LHAAU) Prices $200M IPO

Mar 5, 2021 IPOs by Nicholas Alan Clayton

Lerer Hippeau Acquisition Corp. announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “LHAA,” Friday, March 5.

The new company aims to combine with a technology-enabled target in health, consumer, logistics or industrial automation.

InterPrivate III Financial Partners Inc. (IPVF.U) Prices Upsized $225M IPO

Mar 5, 2021 IPOs by Nicholas Alan Clayton

InterPrivate III Financial Partners Inc. announced the pricing of its $225 million IPO and its units are expected to begin trading on the NYSE under the symbol “IPVF.U,” Friday, March 5.

InterPrivate II Acquisition Corp. (IPVA.U) Prices Upsized $225M IPO

Mar 5, 2021 IPOs by Nicholas Alan Clayton

InterPrivate II Acquisition Corp. announced the pricing of its $225 million IPO and its units are expected to begin trading on the NYSE under the symbol “IPVA.U,” Friday, March 5.

The new company aims to combine with business valued above $1 billion with positive operating cash flow or compelling unit economics.

InterPrivate IV InfraTech Partners Inc. (IPVIU) Prices $250M IPO

Mar 5, 2021 IPOs by Nicholas Alan Clayton

InterPrivate IV InfraTech Partners announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IPVIU,” Friday, March 5.

The new company aims to combine with a TMT infrastructure target valued over $1 billion that could serve as a platform for inorganic growth.