In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributors Anthony Sozzi and Sam Beattie. ...READ MORE
Tech & Telecommunications Acquisition Corp. (NASDAQ:TETE) has entered into a definitive agreement to combine with fintech Super Apps at a valuation of $1.1 billion.
Kuala Lumpur, Malaysia-based Super App has agreed to acquire a 60% stake in OneShop Retail from MobilityOne (LSE:MBO.UK) ...READ MORE
Archaea Energy, which combined with Rice Acquisition Corp. in September 2021, announced that it has agreed to be acquired by BP (NYSE:BP) for $26 per share.
The price is a 38% premium to Archaea’s 30-day VWAP and represents a major victory for a de-SPAC at time when the market has been rather short on good SPAC news. ...READ MORE
Primavera Capital (NYSE:PV) announced that it has added $50 million in committed funding to its combination with the Lanvin Group amid other changes to the transaction.
Meritz Securities (KS:008560) agreed to provide the financing in a private placement and may invest an additional $15 million via a PIPE. ...READ MORE
Blockchain Moon (NASDAQ:BMAQ) has entered into a definitive agreement to combine with Web 3.0 infrastructure builder DLTx ASA (OSX:DLTX) at an enterprise value of $163.3 million, or 85x its 2021 revenue. ...READ MORE
Benessere (NYSE:BENE) announced in an 8-K this morning that its merger target eCombustible has terminated the pair’s combination agreement.
This comes as Benessere has just a few weeks until its November 7, 2022 transaction deadline and it has seen 39.8% of shares redeemed through two previous extensions. ...READ MORE
SportsTek Acquisition Corp. (NASDAQ:SPTK) announced this morning that it has entered into a non-binding letter-of-intent to combine with a computer-maker Metavisio (PA:ALTHO) at an enterprise value of $140 million to $160 million. ...READ MORE
In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributors Anthony Sozzi and Sam Beattie. ...READ MORE
G Squared Ascend I Inc. (NYSE:GSQD) announced this morning that it has mutually terminated its combination with digital freight software company Transfix and its sponsor will instead invest in the company privately. ...READ MORE
Digital World (NASDAQ:DWAC) has once again pushed its special meeting to vote on a one-year transaction deadline extension to Thursday, November 3.
This three-and-a-half week postponement is an unusually long one, but is unsurprising in for what has become one of the most unusual deal processes in years. ...READ MORE
Turmeric Acquisition Corp. (NASDAQ:TMPM) announced this morning that it has opted to liquidate its trust, dispersing approximately $10.05 per share to holders.
The SPAC’s shares will cease trading as of the open on October 20. ...READ MORE
