Roth CH Acquisition V Co. (ROCL) Inks $160M LOI with Slacker Radio
Roth CH V (NASDAQ:ROCL) announced this morning that it has entered into a letter of intent (LOI) to combine with podcast platform Slacker at a proposed enterprise value of $160 million. ...READ MORE
Arrowroot Acquisition Corp. (ARRW) to Combine with iLearningEngines in $1.4Bn Deal
Arrowroot Acquisition Corp. (NASDAQ:ARRW) has entered into a definitive agreement to combine with AI technology firm iLearningEngines at an enterprise value of $1.4 billion, or 3.3x its 2023E.
The Bethesda, Maryland-based company provides AI-based tools to automate business operations and improve efficiencies in internal programs for a variety of industries. ...READ MORE
Chain Bridge I (CBRG) Announces LOI Ahead of Vote
Chain Bridge I (NASDAQ:CBRG) announced this morning that it has signed a letter of intent (LOI) to combine with an unnamed target company.
Shareholders will have this to consider as they vote at a May 5 special meeting to extend the SPAC’s transaction deadline from May 15 to November 15. ...READ MORE
Evo Acquisition Corp. (EVOJ) Terminates 20Cube Logistics Deal
Evo Acquisition Corp. (NASDAQ:EVOJ) announced that it has mutually terminated its business combination with Singaporean logistics software firm 20Cube.
The parties did not provide the causes of the breakup, but noted that the sides had signed agreements to terminate on mutually acceptable terms. ...READ MORE
Investcorp Europe Acquisition Corp. I (IVCB) to Combine with OpSec in $426M Deal
Investcorp Europe I (NASDAQ:IVCB) has entered into a definitive agreement to combine with brand protection firm OpSec at an enterprise value of $426 million, or 1.9x its 2023E revenue.
London-based OpSec provides a wide range of services to companies to monitor and protect their brands and intellectual property both physically and digitally. ...READ MORE
CIIG Capital Partners II (CIIG) Adds FPA to Zapp Deal
CIIG Capital Partners II (NASDAQ:CIIG) announced in an 8-K this morning that it has secured a forward-purchase agreement for up to 10,000,000 shares as it works to close its combination with EV motorcycle-maker Zapp. ...READ MORE
Blue World Acquisition Corporation (BWAQ) Postpones Extension Vote
Blue World Acquisition Corp. (NASDAQ:BWAQ) announced this morning that it has postponed its April 26 special meeting to 9 am ET May 2.
Shareholders will be voting on a proposal to allow Blue World to extend its transaction deadline up to nine times in one-month increments in exchange for contributions of $0.0295 per share to the trust each time. ...READ MORE
Swiftmerge (IVCP) Announces LOI with HDL Therapeutics
Swiftmerge Acquisition Corp. (NASDAQ:IVCP) announced this afternoon that it has signed a non-binding letter of intent to combine with commercial-stage biotech company HDL.
The parties’ press release did not include a proposed valuation for the deal, but Swiftmerge currently has about $228 million in trust and about two months left before its June 17 transaction deadline. ...READ MORE
Greencity Acquisition Corporation (GRCY) Announces LOI with Bopai
Greencity Acquisition Corporation (NASDAQ:GRCY) announced this morning that it has signed a non-binding letter of intent with Bopai Construction Technology and plans to enter into a definitive agreement to combine after a period of due diligence. ...READ MORE
Bannix Acquisition Corp. (BNIX) Signs $543M LOI with EVIE Autonomous
Bannix Acquisition Corp. (NASDAQ:BNIX) announced this morning that it has entered into a binding letter of intent to combine with autonomous vehicle company EVIE at a proposed enterprise value of $542.5 million. ...READ MORE
Metals Acquisition Corp. (MTAL) Announces $114M PIPE for CSA Copper Mine Deal
Metals Acquisition Corp. (NYSE:MTAL) has continued to add to the committed financing for its combination with Glencore’s (LON:GLEN) CSA Copper Mine, announcing this morning that it has executed $112 million in outside PIPE agreements. ...READ MORE
Kensington Capital Acquisition Corp. V (KCGI) to Combine with Arrival in $524M Deal
Kensington V (NYSE:KCGI) has entered into a definitive agreement to combine with EV-maker Arrival (NASDAQ:ARVL) at an enterprise value of $524 million.
Luxembourg-based Arrival manufactures EV cargo delivery vehicles using proprietary micro-factory manufacturing processes. ...READ MORE
