The Latest SPAC News and Rumors: July 21, 2021


The Latest SPAC News and Rumors: July 21, 2021

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

Latest SPAC News: Cvent nears $5 billion SPAC deal, Penske, ROUSH CleanTech, and Proterra announce new collaboration for F-650 electric commercial trucks, and ChargePoint to acquire has·to·be

Cvent Nears $5-Billion-Plus SPAC Deal

Cvent Inc. has agreed to merge with a SPAC in a deal that would take the event-management software company public, according to The Wall Street Journal.

Cvent is slated to merge with Dragoneer Growth Opportunities Corp. II in a transaction that values the private-equity-owned company at more than $5 billion including debt.

Cvent is owned by private-equity firm Vista Equity Partners, which took the company private in 2016 in a $1.65 billion deal.


Penske, ROUSH CleanTech, and ProTerra Announce New Collaboration for Next-Generation F-650 Electric Commercial Trucks

Three leaders in clean transportation solutions — ROUSH CleanTech, Penske Truck Leasing, and Proterra Inc — today announced a new collaboration under which Proterra (NASDAQ: PTRA) will supply its industry-leading battery technology to ROUSH CleanTech for the development of its next-generation Ford F-650 all-electric commercial truck.


ChargePoint Announces Agreement to Acquire Leading European E-Mobility Technology Provider has·to·be in Transaction Valued at €250 million

ChargePoint Holdings, Inc. (NYSE:CHPT), a leading electric vehicle (EV) charging network operating in North America and Europe, today announced it has signed a definitive agreement to acquire has·to·be, an e-mobility provider with a leading European charging software platform.

This transaction comes as Europe is among the fastest-growing markets for EV sales worldwide.