Author: Nicholas Alan Clayton

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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

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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

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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

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