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SPAC IPO Terms Tracker: April Gets Its First SPAC IPO

SPAC-Terms-Tracker

SPAC IPO Terms Tracker: April Gets Its First SPAC IPO

Terms Tracker for the Week Ending April 21, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. April finally saw its first pricing of a SPAC IPO this month with Ares Acquisition Corp. II’s upsized $450 million offering. However, filings of all
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Ares Acquisition Corporation II (AACT) Prices Upsized $450M IPO


Ares Acquisition Corporation II priced its upsized $450 million IPO and its units are expected to begin trading on the NYSE under the symbol “AACT.U” Friday, April 21, 2023.

The SPAC intends to focus its search on an established target in North America, Europe or Asia that has a differentiated and sustainable business model with a defensible market position and a strong management team.

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The Latest SPAC News and Rumors: April 20, 2023


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: SeatGeek files to go public, Elenium eyes $185M deal with Integral 1, and Hong Kong SPAC pioneer calls for looser rules to revive market


SeatGeek Reportedly Files to Go Public After Failed SPAC Merger

Ticketing company SeatGeek filed confidentially with regulators earlier this month to go public, according to a new report from The Information.

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Athena Technology II (ATEK) to Combine with Air Water Ventures in $300M Deal

Athena Technology II (NYSE:ATEK) has entered into a definitive agreement to combine with sustainability company Air Water at a pre-money equity value of $299.9 million. Abu Dhabi-based Air Water has developed technology to harvest sustainable water from the air and dispense it through both consumer and industrial-scale machines. The combined company is expected to trade
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The Latest SPAC News and Rumors: April 19, 2023


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Cilo Cybin wins Malaysian backer in new listing bid, Spectral MD receives $4M grant from Medical Technology Enterprise Consortium and Lifezone Metals launches off-take marketing process 


South African Cannabis Firm Wins Malaysian Backer in New Listing Bid

Five months after pulling a planned initial public offering South African medical cannabis company Cilo Cybin Holdings Ltd.

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ESGEN Acquisition Corp. (ESAC) to Combine with Sunergy in $475M Deal

ESGEN Acquisition Corp. (NASDAQ:ESAC) has entered into a definitive agreement to combine with residential solar company Sunergy at an enterprise value of $475 million, or 43.2x its 2022 EBITDA. The New Port Richey, Florida-based company installs home-based solar panel systems primarily in three Southern US states. The combined company is expected to trade on the
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The Latest Non-Redemption Agreements: April 18, 2023

Latest Non-Redemption Agreements: Apollo Strategic Growth Capital II


Apollo Strategic Growth Capital II (APGB) Adds Non-Redemption Agreement

On April 17, Apollo Strategic Growth Capital II (NYSE:APGB) and its sponsor entered into an agreement with an unaffiliated third party in exchange for such third party agreeing not to redeem an aggregate of 650,413 Class A ordinary shares.

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Anzu Special Acquisition Corp I (ANZU) to Combine with Envoy Medical in $150M Deal

Anzu Special Acquisition Corp I (NASDAQ:ANZU) has entered into a definitive agreement to combine with Envoy Medical with the target to receiving $150 million in share consideration. White Bear Lake, Minnesota-based Envoy is developing an innovative cochlear implant for those suffering from hearing loss that would be fully implanted and use the ear rather than
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The Latest SPAC News and Rumors: April 18, 2023


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: SPAC traders value Trump Media 40x higher than he does, Devin Nunes says SEC is slow walking Truth Social deal, and Hambro Perks co-founder and CEO quietly exits


SPAC Traders Value Trump Media 40-Times Higher Than He Does

Donald Trump values his nascent media company at less than $30 million, a stark discount to the more than $1 billion valuation implied by investors who piled into the blank check that’s hoping to bring the firm public.

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