Reinvent Technology Partners Z (RTPZ.U) Prices $200M IPO

Nov 18, 2020 INTEL by Nicholas Alan Clayton

Reinvent Technology Partners Z announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “RTPZ.U” tomorrow, Thursday November 19. The new company aims to combine with a consumer technology target that could benefit from Reinvent’s differentiated vision. Reinvent is led by
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Consonance-HFW Acquisition Corp. (CHFW.U) Prices $80M IPO

Nov 18, 2020 INTEL by Nicholas Alan Clayton

Consonance-HFW Acquisition Corp. announced the pricing of its $80 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “CHFW.U” tomorrow, Thursday, November 19. The new company aims to combine with a life sciences target with multiple product candidates in clinical or pre-clinical stages of development. Consonance-HFW
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CIIG Merger Corp. (CIIG) to Combine with Arrival in $5.4Bn Deal

Nov 18, 2020 INTEL by Nicholas Alan Clayton

CIIG Merger Corp. (NASDAQ:CIIG) announced this morning it has signed a definitive merger agreement with electric vehicle (EV) manufacturer Arrival that would give it an enterprise value of about $5.4 billion. Arrival makes zero-emission buses and vans designed for public transit and commercial fleets, such as that of parcel delivery service UPS, which has ordered
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GreenVision-AHA Combination (GRNV) Under Threat as Bolt-On Deals Fall Through

Nov 17, 2020 INTEL by Nicholas Alan Clayton

GreenVision Acquisition Corp. (NASDAQ:GRNV) announced in an 8-K filing its proposed merger with Accountable Healthcare America (AHA) was at risk of termination as AHA’s own proposed bolt-on acquisitions had been terminated by the other parties. The SPAC announced on August 27 it had entered into a $150 million merger agreement with AHA, which operates 13
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SPACs Reportedly Chasing New Electric Bus and Scooter Targets

Nov 17, 2020 INTEL by Nicholas Alan Clayton

CIIG Merger Corp. (NASDAQ:CIIG) is in talks to combine with electric vehicle (EV) manufacturer Arrival, while electric scooter-maker Bird Rides is chirping with at least one SPAC, according to two reports by Bloomberg. Arrival CIIG is reportedly working to pull together a PIPE worth $400 million to $500 million to support the deal, would value
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Orisun Acquisition Corp. (ORSN) Shareholders Approve Ucommune Deal

Nov 17, 2020 INTEL by Nicholas Alan Clayton

Orisun Acquisition Corp. (NASDAQ:ORSN) announced in an 8-K filing that its shareholders had approved its business combination with Ucommune Group Holdings at a special meeting November 16. With over 75% of shares participating the approval passed overwhelmingly and marked the final hurdle for Orisun to close its deal. The SPAC did not divulge redemption figures
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OTR Acquisition Corp. (OTRAU) Prices Downsized $100M IPO

Nov 17, 2020 INTEL by Nicholas Alan Clayton

OTR Acquisition Corp. announced the pricing of its downsized $100 million IPO this morning and its units are expected to begin trading on the Nasdaq under the symbol “OTRAU” today, Tuesday, November 17.

Legacy Acquisition Corp. (LGC) Extends Transaction Deadline

Nov 17, 2020 INTEL by Nicholas Alan Clayton

Legacy Acquisition Corp. (NYSE:LGC) announced in an 8-K filing that its shareholders had approved an extension of its transaction deadline from November 20 to December 31. Importantly, just 37,291 shares opted to redeem in connection with the vote, removing $387,200 ($10.38 per share) from the trust. This leaves it with about $63.2 million in its
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Dragoneer Growth Opportunities Corp. II (DGNS) Prices Upsized $240M IPO

Nov 16, 2020 INTEL by Nicholas Alan Clayton

Dragoneer Growth Opportunities Corp. II announced the pricing of its upszied $240 million IPO this evening and its shares are expected to begin trading on the Nasdaq under the symbol “DGNS” tomorrow, Tuesday, November 17.

Zanite Acquisition Corp. (ZNTEU) Prices $200M IPO

Nov 16, 2020 INTEL by Nicholas Alan Clayton

Zanite Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “ZNTEU” tomorrow, Tuesday, November 17.

Pine Island Acquisition Corp. (PIPP.U) Prices Downsized $200M IPO

Nov 16, 2020 INTEL by Nicholas Alan Clayton

Pine Island Acquisition Corp. announced the pricing of its downsized $200 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “PIPP.U” tomorrow, Tuesday, November 17.

Deal Terms: More Downsizes as IPOs Get Ready to Price

Nov 16, 2020 INTEL by Kristi Marvin

As further evidence that the SPAC market is still suffering from banker cold sweats and IPO indigestion, the wave of downsizes continued this morning with three more SPACs amending their S-1s. A summary of changes has been provided below, but the most notable change was in 10X Capital Venture Acquisition Corp. (VCVCU), which swapped out
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Roth CH Acquisition I (ROCH) to Combine with PureCycle in $826M Deal

Nov 16, 2020 INTEL by Nicholas Alan Clayton

Roth CH Acquisition I Co. (NASDAQ:ROCH) announced this morning that it has entered into a definitive business combination agreement with PureCycle Technologies that would give it an enterprise value of $826 million. Ohio-based PureCycle recycles polypropylene plastic into resin chips for making new plastic products that is more cost-efficient and environmentally sustainable than producing new
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TODAY: Schultze Special Purpose & Clever Leaves: Live Update and Q&A

Nov 16, 2020 INTEL by Kristi Marvin

REMINDER: Please join Schultze Special Purpose Acquisition Corp. (SAMA) and the executive management team from Clever Leaves International Inc., for an update on the proposed merger, with Clever Leaves Advisory Board Member and former U.S.

Fortress Value Acquisition Corp. (FVAC) Shareholders Approve MP Materials Deal

Nov 16, 2020 INTEL by Nicholas Alan Clayton

Fortress Value Acquisition Corp. (NYSE:FVAC) announced in an 8-K filing that its shareholders approved its business combination with rare earth minerals-miner MP Materials in a vote on November 13.

All measures on the ballot at the special meeting passed by wide margins, and the vote was the final hurdle for Fortress Value to complete the transaction.

Tuscan Holdings Corp. (THCB) Signs LOI with EV Battery-Maker Microvast

Nov 13, 2020 INTEL by Nicholas Alan Clayton

Tuscan Holdings Corp. (NASDAQ:THCB) announced today that it has signed a letter of intent to combine with electric vehicle (EV) battery-maker Microvast. Stafford, Texas-based Microvast specializes in fast-charge batteries for EV applications, which it manufactures in China. These have seen use in public buses in New Zealand and Shanghai and in March it announced a
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Matt’s Top 3 SPAC Targets – Robotics

Nov 13, 2020 INTEL by Nicholas Alan Clayton

SPACInsider contributor Matt Cianci this week compiled his three favorite potential SPAC targets that provide practical robotics solutions. We look at why they are compelling and why each could be a fit for a blank-check merger.

dMY Technology Group III (DMYI.U) Prices Upsized $275M IPO

Nov 12, 2020 INTEL by Nicholas Alan Clayton

dmy Technology Group, Inc. III announced the pricing of its upsized $275 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “DMYI.U”

Health Assurance Acquisition Corp. (HAACU) Prices $500M IPO

Nov 12, 2020 INTEL by Nicholas Alan Clayton

Health Assurance Acquisition Corp. announced the pricing of its $500 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “HAACU” tomorrow, Friday, November 13.

Better World Acquisition Corp. (BWACU) Prices Upsized $110M IPO

Nov 12, 2020 INTEL by Nicholas Alan Clayton

Better World Acquisition Corp. announced the pricing of its upsized $110 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “BWACU” tomorrow, Friday, November 13.