Bloomberg ran a very interesting story earlier this morning about a rumored 3-way SPAC merger involving the two Warburg Pincus SPACs (I-A and I-B) as well as one of Barry Sternlicht’s backed by his family office, JAWS Estates Capital LLC. ...READ MORE
This week, we speak with Lily Shen, CEO and President of Transfix, and G Squared Ascend I’s CEO, Ward Davis.
Transfix entered into a $1.1 billion dollar combination agreement with G Squared Ascend I in September and is disrupting the freight trucking industry with software tools helping both shippers and carriers manage their operations. ...READ MORE
This week we speak with Robert Piconi, Co-Founder and CEO of Energy Vault. Energy Vault entered into a $1.1 billion combination agreement with Novus Capital II (NYSE: NXU) in September of 2021. ...READ MORE
As another special episode, and some bonus weekend-content, Niccolo de Masi, the CEO of the dMY Technology SPACs, is back to discuss the 2022 SPAC market.
Niccolo previously spoke with us in November to give us his views on the challenging SPAC environment in the fourth quarter of 2021. ...READ MORE
This week, we speak with Marc Bell, CEO and Co-Founder of Terran Orbital. Terran Orbital entered into a $1.5 billion combination with Tailwind Two Acquisition Corp. (NYSE:TWNT) in October of 2021. ...READ MORE
Kensington Capital IV (NYSE: KCAC.U) filed for a $200 million new SPAC tonight, and while this is their fourth SPAC, they’ve gone slightly out of order. Kensington I & II have completed their transactions with Quantumscape and Wallbox, respectively, but they also currently have Kensington V out searching. ...READ MORE
Earlier this morning, SCVX Corp. III (Nasdaq: SCVX), announced they have signed a non-binding LOI with an unnamed company in the Environmental, Social, and Governance (ESG) space. The target company’s existing shareholders are also anticipated to roll over 100% of their equity. ...READ MORE
Pioneer Merger Corp. (Nasdaq:PACX) and Acorns, the saving and investing app, announced this morning via 8-K that they have opted to mutually terminate their business combination agreement.
While we do not have a formal press release, according to Bloomberg, the deal was terminated due to market conditions. ...READ MORE
As another special bonus episode, we spoke with Harry Sloan, who has been CEO or Chairman on eight of the Eagle SPACs, including Diamond Eagle, which combined with DraftKings in 2020. ...READ MORE
This week we spoke with Chet Kanojia, co-founder of Starry, which announced a business combination with FirstMark Horizon Acquisition Corp. in October.
Starry is an internet service provider deploying home internet with wireless broadband. ...READ MORE
2021 was a roller coaster of a year filled with some truly remarkable events. From the sheer volume and exuberance of the first quarter to the 55+ law firms banding together to reject a frivolous lawsuit, could anyone say they remember a wilder year than 2021? ...READ MORE
TPG Pace Beneficial Finance (NYSE:TPGY) and EVBox Group, a global provider of EV charging technologies, announced this evening they have opted to mutually terminate their business combination agreement.
TPGY and EVBox originally announced their intended combination over a year ago on December 10, 2020. ...READ MORE
For subscribers that have a Database Subscription, a new table has been added and you can now find it under the main SPACs tab: Serial Sponsors Table.
On the new page you will find a detailed table showing each Serial SPAC Team’s results with a default ranking based on the average return on the share prices of all of their completed combinations within the time period of 2009 to current-date. ...READ MORE
FS Development Corp. II (NASDAQ:FSII) filed an 8-K this morning revealing that its shareholders have approved its combination with antiviral drug developer firm Pardes Biosciences.
Just 243,989 shares, or 1.2%, were redeemed in connection with the vote, removing roughly $2.4 million from its estimated trust of $201 million. ...READ MORE
Rocket Lab (NASDAQ:RKLB) announced this afternoon that it will be calling its warrant for shares as of January 21, 2022, based on the share trading above the $10.00 trigger price.
Warrantholders have until 5 pm EST on the 21st to exercise their warrants for shares at an exercise price of $11.50 or exercise them on a cashless basis. ...READ MORE
D&O insurance provider NFP, took a historical look at securities litigation within the SPAC asset class and prepared a report of their findings. Read on to see the results.
Andrew Pendergast, SPAC & GPL Practice Leader, NFP
Jonathan Abbott, FCAS, MAAA, Senior Vice-President, NFP
With the dramatic increase in SPAC D&O rates over the past 18 months we sought to answer whether SPACs are being targeted with securities litigation more frequently now than they have been historically, or if the percentage of SPACs being sued has remained relatively constant while the number of IPOs has increased. ...READ MORE
