Author: Marlena Haddad

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The Latest SPAC News and Rumors: May 24th, 2021


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


SPACs move the party abroad as Europe and Tel Aviv welcome listings

 


The SPAC Party Gets Going in Europe, This Time With Better Terms

Sponsors are looking to continue the craze elsewhere, and top of the list is Europe, where the number of new SPACs accelerated from February to April, and there’s no sign of growth there abating.

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DPCM Capital (XPOA) to Combine with Jam City in $1.2Bn Deal

DPCM Capital (NYSE:XPOA) has entered into a definitive agreement to combine with mobile gaming company Jam City at an enterprise value of $1.2 billion, or 10.7x its 2022E EBITDA. The Los Angeles-based company develops engaging mobile video games and has developed immersive games around Hollywood properties and entertainment brands. The combined company is expected to
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Altimar Acquisition Corp. (ATAC) Closes Blue Owl Deal Following Shareholder Vote

Altimar Acquisition Corp. (NYSE:ATAC), which previously announced a combination with Owl Rock Capital Group and the Dyal Capital Partners division of Neuberger Berman Group LLC to form alternative asset management company Blue Owl Capital Inc., held a virtual meeting earlier today where shareholders voted to approve the roll-up deal.  The deal is expected to close
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Catalyst Partners Acquisition (CPARU) Prices $300M IPO

May 18, 2021 IPOs by Marlena Haddad

Catalyst Partners Acquisition (NASDAQ:CPARU) announced the pricing of its $300 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CPARU” Tuesday, May 18.

The new SPAC aims to combine with a company that benefits from a number of trends including cybersecurity software, data and analytics software, next-generation infrastructure software, and application software.

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Yunhong International (ZGYH) to Combine with Giga Energy in $7.4Bn Deal

Yunhong International (NASDAQ:ZGYH) has entered into a definitive share exchange agreement to combine with industrial and transportation solutions firm Giga Energy Inc. in a deal valued at up to $7.345 billion. The Hangzhoua,China-based company aims to become a global leader in carbon neutral energy solutions with a full solution of products to support their deployment and usage.
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SCVX Corp. (SCVX) to Combine with Bright Machines in $1Bn Deal

SCVX Corp. (NYSE:SCVX) has entered into a definitive agreement to combine with manufacturing-software company Bright Machines at an enterprise value of $1.1 billion. The San Francisco-based company modernizes manufacturing by using artificial intelligence and robotics to automate tasks in electronic manufacturing.  Bright Machines microfactories can be programmed to complete electronic tasks to make supply chains
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