Decarbonization Plus IV (DCRD) to Combine with Hammerhead Resources in $1Bn Deal
To access this post, you must purchase 1 - User: Monthly Plan.
Cohn Robbins Holdings (CRHC) Terminates Allwyn Deal
Cohn Robbins (NYSE:CRHC) announced over the weekend that it has jointly terminated its $9.3 billion combination with lottery operator Allwyn.
The move comes at the very end of the process for Cohn, whose shareholders approved the transaction on September 7. ...READ MORE
Silver Spike II (SPKB) to Receive Shares from Terminated Eleusis Deal
Silver Spike Acquisition Corp. II (NASDAQ:SPKB) announced in an 8-K filing this morning that it would be receiving shares as compensation for the termination of its merger agreement with biopharmaceutical firm Eleusis. ...READ MORE
The Latest SPAC News and Rumors: September 22, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Digital World receives push-back in PIPE investor talks; Plaintiff lawyers increase focus on SPAC suits; Xos expands mobile EV-charger offerings
Trump-linked SPAC faces new pressure from PIPE investors as merger hangs in the balance
The Financial Times reported Tuesday that DWAC Chief Executive Patrick Orlando is negotiating with investors who said they would back the company through a private investment in public equity, or PIPE, deal. ...READ MORE
IG Acquisition Corp. (IGAC) to Combine with PlayUp in $399M Deal
IG Acquisition Corp. (NASDAQ:IGAC) has entered into a definitive agreement to combine with mobile gaming platform PlayUp at an enterprise value of $399.7 million, or 10.9x its 2022E gross revenue.
Sydney, Australia-based PlayUp is a mobile and online betting and fantasy sports platform currently expanding into the US market. ...READ MORE
Avalon Acquisition Inc. (AVAC) to Combine with The Beneficient Company in $3.5Bn Deal
Avalon (NASDAQ:AVAC) has entered into a definitive agreement to combine with financial services firm The Beneficient Company Group, or Ben, at an enterprise value of about $3.5 billion.
The Dallas-based company provides customers options to exit alternative investments early via structures designed for high-net-worth individuals and small institutions. ...READ MORE
FoxWayne Enterprises Acquisition Corp. (FOXW) to Combine with Clover in $157M Deal
To access this post, you must purchase 1 - User: Monthly Plan.
Social Capital Hedosophia Holdings IV (IPOD) and VI (IPOF) to Liquidate
Social Capital IV (NYSE:IPOD) and Social Capital VI (NYSE:IPOF) each announced in 8-K filings this morning that they intend to not complete business combinations and will instead liquidate their trusts on October 17. ...READ MORE
Getty Images (GETY) Calls All Outstanding Warrants
Getty (NYSE:GETY) announced this morning that it will redeem all outstanding warrants for $0.01 per warrant at 5 p.m. on October 19.
This move is not being accompanied by a warrant exchange offer because of just how hot the de-SPAC has been trading over the past month. ...READ MORE
Roth CH Acquisition IV Co. (ROCG) Ends Exclusivity with LOI Target
Roth CH IV (NASDAQ:ROCG) announced in an 8-K this morning that its letter of intent (LOI) to combine with a target company is no longer exclusive.
The SPAC noted that negotiations for the deal remain ongoing, but both parties may seek out other transactions. ...READ MORE
Inflection Point Acquisition Corp. (IPAX) to Combine with Intuitive Machines in $815M Deal
Inflection Point (NASDAQ:IPAX) has entered into a definitive agreement to combine with space services company Intuitive Machines at an enterprise value of $815 million, or 2.8x its 2023E revenue.
Houston, Texas-based Intuitive Machines has designed a moon lander for future NASA missions as well as other aerospace products. ...READ MORE
Top 3 SPAC Targets – Energy Infrastructure
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies operating or building out energy infrastructure. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
TPB Acquisition Corporation I (TPBA) to Combine with Lavoro in $1.2Bn Deal
TPB Acquisition Corp I (NASDAQ:TPBA) has entered into a definitive agreement to combine with agritech business Lavoro, at an enterprise value of $1.22 billion, or 7.1x its 2022E EBITDA.
Sao Paulo, Brazil-based Lavoro is a diversified omnichannel seller of agricultural inputs in Brazil and the Latin American region more broadly. ...READ MORE
Altus Power (AMPS) Calls All Outstanding Warrants
Altus Power (NYSE:AMPS) announced this morning that it will redeem all public and private placement warrants at $0.10 per warrant and all must be exchanged by October 14 at 5 pm ET. ...READ MORE
Delwinds Insurance (DWIN) Shareholders Approve FOXO Deal
Delwinds Insurance (NYSE:DWIN) announced in an 8-K this morning that its shareholders approved its combination with insurtech firm FOXO at a special meeting September 14.
The SPAC had already tipped on Tuesday that 99.5% of its shares were redeemed in connection with the vote. ...READ MORE
Maxpro Capital Acquisition Corp. (JMAC) to Combine with Apollomics
To access this post, you must purchase 1 - User: Monthly Plan.
Kensington Capital IV (KCA.U) Shareholders Approve Amprius Deal
Kensington Capital Acquisition Corp. IV (NYSE:KCAC) announced in an 8-K this morning that its shareholders have approved its combination with battery-maker Amprius with better-than-average redemptions.
At a special meeting September 13, Kensington IV shareholders voted to approve the deal with about 71.8% redeeming shares in connection with the vote. ...READ MORE
Delwinds Insurance (DWIN) Pre-Announces Redemptions, Listing Change
Delwinds Insurance (NYSE:DWIN) announced this morning that it has received requests to redeem 99.5% of its shares and it is transferring its listing to the NYSE American exchange.
The SPAC noted that it had received requests for to redeem 10,991,407 as of its redemption deadline at 5:00 pm September 12. ...READ MORE
Alset Capital Acquisition Corp. (ACAX) to Combine with HWH International
Alset Capital (NASDAQ:ACAX) has entered into a definitive agreement to combine with lifestyle company HWH International.
Bethesda, Maryland-based HWH offers a range of perks via a membership program aimed at wellness, travel and VR experiences. ...READ MORE
Fintech Ecosystem Development Corp. (FEXD) to Combine with Rana Financial & Mobitech International
To access this post, you must purchase 1 - User: Monthly Plan.