Author: Nicholas Alan Clayton

IPO

Ascendent Digital Acquisition Corp. (ACND) to Combine with Beacon Street in $3Bn Deal

Ascendent Digital (NYSE:ACND) has entered into a definitive agreement to combine with financial analysis provider Beacon Street Group at an enterprise value of $3 billion, or 6.2x its 2021E revenue. Beacon Street operates a portfolio of financial publications and digital information services to both free and paying subscribers. Transaction Overview Ascendent brings about $414 million
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Tailwind Acquisition Corp. (TWND) to Combine with Qomplx in $1.1Bn Deal

Tailwind (NYSE:TWND) has entered into a definitive agreement to combine with cybersecurity firm Qomplx at an enterprise value of $1.17 billion, or 8.3x its 2021E revenue. Qomplx provides a cloud-native risk analytics platform for cybersecurity, to which it will soon provide insurance offerings via its acquisition of Tyche. Transaction Overview Tailwind brings about $334 million
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NavSight Holdings, Inc. (NSH) to Combine with Spire Global in $1.2Bn Deal

Navsight (NYSE:NSH) has entered into a definitive agreement to combine with space-based data provider Spire Global at an enterprise value of $1.2 billion, or 5.4x its 2023E revenue. Spire Global provides data derived from space-based observation to industries ranging from shipping and aviation to weather forecasting and real estate. The combined company is expected to
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Vector Acquisition Corporation (VACQ) to Combine with Rocket Lab in $4.1Bn Deal

Vector (NASDAQ:VACQ) has entered into a definitive agreement to combine with space service provider Rocket Lab at an enterprise value of $4.1 billion, or 5.4x its 2025E revenue. Rocket Lab provides end-to-end satellite delivery services through to two launch system designs and has placed 97 satellites in orbit since its first launch in 2018. The
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Roth CH Acquisition II Co. (ROCC) Discloses Non-Binding LOI

Roth CH Acquisition II Co. (NASDAQ:ROCC) filed a 8-K this morning disclosing that it has signed a non-binding letter of intent (LOI) for a potential business combination, but did not provide any other details about the target. This is unusual for a number of reasons. SPACs are not obligated to disclose discussions at this stage,
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