Centricus Acquisition Corp. (CENH) to Combine with Arqit Limited in $1Bn Deal

May 12, 2021 INTEL by Marlena Haddad

Centricus Acquisition Corp. (NASDAQ:CENH) has entered into a definitive agreement to combine with quantum encryption technology firm Arqit Limited at an enterprise value of $1.026 billion. The London-based company uses its unique quantum encryption technology, QuantumCloud™, to strengthen the communications links of any networked device secure against current and future forms of hacking, including attacks
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Soaring Eagle Acquisition Corp. (SRNG) to Combine with Ginkgo Bioworks Inc. in $15Bn Deal

May 11, 2021 INTEL by Marlena Haddad

Soaring Eagle Acquisition Corp. (NASDAQ:SRNG) has entered into a definitive agreement to combine with cell programming company Ginkgo Bioworks Inc. at an enterprise value of $15.164 billion, or 24.1x its 2024E revenue. The Boston-based company uses genetic engineering to create bacteria for a range of industries with a focus on strain improvement, enzyme discovery, new
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LIV Capital Acquisition (LIVK) to Combine with AgileThought in $482.3M Deal

May 10, 2021 INTEL by Marlena Haddad

LIV Capital Acquisition (NASDAQ:LIVK) has entered into a definitive agreement to combine with IT service provider AgileThought at an enterprise value of $482.3 million, or 2.6x its 2021E revenue. Texas-based AgileThought provides next-generation software, consulting services, and end-to-end digital solutions to Fortune 1000 companies. The combined entity will remain listed on the Nasdaq under the
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Hennessy Capital Investment Corp. V (HCIC) to Combine with Plus in $2.5Bn Deal

May 10, 2021 INTEL by Marlena Haddad

Hennessy Capital Investment Corp. V (NASDAQ:HCIC) has entered into a definitive agreement to combine with self-driving truck tech firm Plus at an enterprise value of $2.4 billion. Silicon Valley based Plus aims to make trucks safer and more efficient through its cutting edge autonomous technology which utilizes LiDAR and a proprietary full-stack L4 software. The
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Friday Rumor Roundup: SPACs Dreaming a Little Bigger

May 7, 2021 INTEL by Marlena Haddad

SPAC deal activity appears to be picking up after an April lull with a triple-announcement Friday and more transactions in the chatter. We’re all trying to get our summer bods ready in time, and at least one SPAC may be jumping right into the gym with us. Equinox Luxury gym operator Equinox is reportedly in
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B. Riley Principal 250 Merger Corp. (BRIVU) Prices $150M IPO

May 7, 2021 IPOs by Marlena Haddad

B. Riley Principal announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BRIVU” Friday, May 7.

The new SPAC aims to combine with an established company that has an enterprise of at least $800 million and is under-performing its potential due to a temporary dislocation in the markets.

ACON S2 Acquisition Corp. (STWO) to Combine with ESS Tech in $1.1Bn Deal

May 7, 2021 INTEL by Marlena Haddad

ACON S2 Acquisition Corp. (STWO) has entered into a definitive agreement to combine with battery manufacturer firm ESS Tech at an enterprise value of $1.072Bn, or 0.7x its 2025E Revenue. California-based ESS Tech produces energy storage solutions based on iron, salt, and water as opposed to the typical hazardous materials like lithium. The combined company
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Data Knights Acquisition Corporation (DKDCU) Prices $100M IPO

May 6, 2021 IPOs by Marlena Haddad

Data Knights Acquisition Corporation announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DKDCU” Friday, May 7.

The new SPAC aims to combine with a company focused on data centers and internet technology sectors.

Stable Road Acquisition Corp. (SRAC) Adjourns Shareholder Vote Without Extension

May 6, 2021 INTEL by Marlena Haddad

Stable Road Acquisition Corp. (NASDAQ:SRAC), which previously announced a combination with commercial space company Momentus, held a virtual meeting earlier today to extend its transaction deadline where it adjourned due to insufficient votes. The new meeting is May 13, 2021, giving Stable Road one week to find to find the requisite votes. The SPAC has
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Amplitude Healthcare Acquisition Corporation (AMHC) to Combine with Jasper Therapeutics in $290M Deal

May 6, 2021 INTEL by Marlena Haddad

Amplitude Healthcare (NASDAQ:AMHC) has entered into a definitive agreement to combine with hematopoietic cell transplant firm Jasper Therapeutics at an enterprise value of $290 million. Biotechnology firm Jasper is working to cure several life threatening diseases such as blood cancers, sickle cell, and autoimmune disorders in underserved patients including infants, women, and minorities. The Palo-Alto
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Maquia Capital Acquisition Corp. (MAQCU) Prices Downsized $160M IPO

May 5, 2021 IPOs by Marlena Haddad

Maquia Capital Acquisition Corp. announced the pricing of its downsized $160 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MAQCU” Wednesday, May 5.

CF Finance Acquisition Corp III (CFAC) Revises AEye Deal, Slashing Valuation From $1.9Bn to $1.52Bn

May 3, 2021 INTEL by Marlena Haddad

CF Finance III (NASDAQ:CFAC) amended its merger agreement with lidar-maker AEye today due to recent valuation changes of publicly traded lidar companies and changing conditions in the automotive lidar industry. Under the amended merger agreement, AEye’s valuation was lowered approximately by 20%, from $1.9Bn to $1.5Bn. Cantor Fitzgerald-sponsored CF Finance III has also deposited an
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Friday Rumor Roundup: SPACs’ European Vacation

Apr 30, 2021 INTEL by Marlena Haddad

Regulators have generated a fair amount of the buzz in recent weeks, as watchdogs in multiple countries consider tightening and loosening screws. But, the birds are chirping and spring winds continue to be scented with whiffs of deals in the air. Here’s a selection of what we sniffed this week: Plus Autonomous truck startup Plus
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Gores Metropoulos II (GMII) to Combine with Sonder Holdings in $2.2Bn Deal

Apr 30, 2021 INTEL by Marlena Haddad

Gores Metropoulos II, Inc. (NASDAQ:GMII) has entered into a definitive agreement to combine with next-generation hospitality firm Sonder Holdings at an enterprise value of $2.2 billion, or 3.6x its 2022E revenue. Lodging startup Sonder is working to redefine the guest experienced by transforming apartments and hotel rooms into short term rentals with a modern touch.
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ION Acquisition Corp 3 Ltd. (IACC.) Prices Downsized $220M IPO

Apr 30, 2021 IPOs by Marlena Haddad

ION Acquisition Corp 3 Ltd. announced the pricing of its downsized $220 million IPO and its units are expected to begin trading on the NYSE under the symbol “IACC”, starting on Friday, April 30.

TradeUP Global Corporation (TUGCU) Prices $40M IPO

Apr 28, 2021 IPOs by Marlena Haddad

TradeUP Global Corporation announced the pricing of its $40 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TUGCU” Thursday, April 29.

The new SPAC aims to combine with a business that has been misevaluated by the marketplace and is underperforming its potential.

Marquee Raine (MRAC) to Combine with Enjoy in $1.2Bn Deal

Apr 28, 2021 INTEL by Marlena Haddad

Marquee Raine (NASDAQ:MRAC) has entered into a definitive agreement to combine with technology-powered service platform Enjoy Technology Inc. at an enterprise value of approximately $1.2 billion, or 4.8x the estimated 2022 revenues. Enjoy offers “commerce at home” by hand-delivering consumer orders and configuring electronic devices in the comfort of their own home. The combined company
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EV Targets Announce Strategic Partnerships

Apr 27, 2021 INTEL by Marlena Haddad

Over the past several quarters, automotive tech firms generated a great deal of excitement as they attempted to disrupt the industry via SPACs, but have since had a rough ride with a down market across the SPAC space. Pre-revenue SPAC targets have also been the subject of some open-air critiquing by the SEC for trumpeting
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Author: Marlena Haddad