Author: Nicholas Alan Clayton

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Malacca Straits Acquisition Company (MLAC) to Combine with Asia Vision Network in $573M Deal

Malacca Straits (NASDAQ:MLAC) has entered into a definitive agreement to combine with OTT media provider Asia Vision Network at an enterprise value of $573 million, or 5.8x its 2022E EBTIDA. Asia Vision network provides both broadband internet and OTT streaming services to consumers in Indonesia. The combined company is expected to trade on the Nasdaq
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Thoma Bravo Advantage (TBA) to Combine with ironSource in $10.3Bn Deal

Thoma Bravo Advantage (NYSE:TBA) has entered into a definitive agreement to combine with ironSource at an enterprise value of $10.3 billion, or 22.7x its 2021E revenue. Tel Aviv-based ironSource provides a publishing and monetization platform for mobile app developers. The combined entity is expected to trade on the NYSE under the symbol once the deal
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SC Health Corp. (SCPE) to Combine with Rockley Photonics in $1.2Bn Deal

SC Health (NYSE:SCPE) has entered into a definitive agreement to combine with smart materials-maker Rockley Photonics at an enterprise value of $1.2 billion, or 1.1x its 2024E revenue. Rockley photonics makes semiconductors that can be incorporated into silicone to take medical readings through materials like watchbands or other wearables. The combined company is expected to
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Industrial Tech Acquisitions, Inc. (NASDAQ:ITAC) to Combine with Arbe Robotics in $573M Deal

Industrial Tech (NASDAQ:ITAC) has entered into a definitive agreement to combine with radar technology firm Arbe Robotics at an enterprise value of $573 million or 1.8x its 2025E revenue. Tel Aviv-based Arbe is developing 4D radar arrays for autonomous vehicles with potential applications in both the consumer and industrial spaces. The combined company is expected
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Supernova Partners Acquisition Company (SPNV) to Combine with Offerpad in $2.3Bn Deal

Supernova (NYSE:SPNV) has entered into a definitive agreement to combine with proptech firm Offerpad at an enterprise value of $2.368 billion, or 1x its 2022E revenue. Offerpad buys and sells homes through a digital platform in 16 US markets including about 900 cities and towns. The combined entity is expected to trade on the NYSE
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Longevity Acquisition Corporation (LOAC) Shareholders Approve 4D pharma Deal

Longevity Acquisition Corporation (NASDAQ:LOAC) announced that its shareholders unanimously approved its combination with biotechnology firm 4D pharma plc (AIM:DDDD) at a special meeting held March 17. The combined entity is expected to have its first American Depositary Shares trading on the Nasdaq beginning Monday, March 22. In a separate move, 4D also announced a $24
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