Author: Nicholas Alan Clayton

TOP-3

Magnum Opus Acquisition Limited (OPA) Brings Binance into Forbes PIPE

Magnum Opus (NYSE:OPA) announced this morning that crypto exchange Binance has taken the place of existing PIPE investors in committing $200 million to its combination with financial publication Forbes.

The net amount of Forbes PIPE is unchanged at $400 million, but the parties created a new subscription agreement allowing Binance to appoint two members to the company’s post-transaction Board. ...READ MORE

rumble logo
rumble logo
TOP-3
soc-telemed-healthcare-merger-corp
swvl logo

Queen’s Gambit Growth Capital (GMBT) Adds $21.5M to Swvl PIPE

Queen’s Gambit (NASDAQ:GMBT) has added $21.5 million to the PIPE for its combination with Dubai-based ride-hailer Swvl one day after terminating a previous forward-purchase agreement (FPA).

These additions bring the total PIPE proceeds to $121.5 million and include commitments from the European Bank for Reconstruction and Development (EBRD), Agility, Luxor Capital Group, Chimera, and Zain. ...READ MORE

Spring Valley Acquisition Corporation (SV) Adds $30M to NuScale PIPE

Spring Valley (NASDAQ:SV) has added $30 million more to the PIPE for its combination with nuclear power developer NuScale, bringing total PIPE proceeds to $211 million.

This additional financing ensures that the SPAC will meet the transaction’s $200 million minimum cash condition regardless of redemptions as the parties work towards a close in the second quarter of 2022. ...READ MORE

TOP-3
breeze-d-orbit