Archives: Spacs

Spacs Information Page

Pivotal Investment Corporation III *

Jan 13, 2021 by Kristi Marvin

LIQUIDATION – 8/14/23 – LINK

  • The Company anticipates that the last day of trading in the Class A ordinary shares will be August 11, 2023.
    • The per-share redemption price was not mentioned

EXTENSION – 1/3/23 – LINK

  • The SPAC approved the extension from February 11, 2023 to August 11, 2023
    • 25,577,957 shares were redeemed.
...READ MORE

Northern Revival Acquisition Corporation *

Jan 12, 2021 by Kristi Marvin

PROPOSED BUSINESS COMBINATION: Braiin Limited

ENTERPRISE VALUE: $190 million
ANTICIPATED SYMBOL: tbd

Northern Revival Acquisition Corporation proposes to combine with Braiin Limited

Braiin is an agricultural technology company with differentiated technologies and capabilities that dynamically address high-growth market trends across the entire agriculture ecosystem. ...READ MORE

Mason Industrial Technology, Inc.

Jan 12, 2021 by Kristi Marvin

MANAGEMENT & BOARD


Executive Officers

Edward A. Rose III, 59
Chief Executive Officer; Director

Mr. Rose has been a Senior Partner of Mill Rock Capital since 2018. Mr. Rose has also served as Chairman of Mill Rock Packaging Partners, a specialty packaging growth platform, since 2020.

...READ MORE

Roth CH Acquisition III Co.

Jan 12, 2021 by Kristi Marvin

PROPOSED BUSINESS COMBINATION: Qualtek

ENTERPRISE VALUE: $829 million
ANTICIPATED SYMBOL: QTEK

Roth CH Acquisition III Co.proposes to combine with BCP QualTek HoldCo, LLC (“QualTek” or the “Company”), a leading turnkey provider of infrastructure services to the 5G wireless, telecom, and renewable energy sectors. ...READ MORE

TLG Acquisition One Corp. *

Jan 12, 2021 by Kristi Marvin

PROPOSED BUSINESS COMBINATION: Electriq Power

ENTERPRISE VALUE: $645 million
ANTICIPATED SYMBOL: ELIQ

TLG Acquisition One Corp. proposes to combine with Electriq Power (Electriq), a provider of intelligent energy storage and management for homes and small businesses. ...READ MORE

Ignyte Acquisition Corp.

Jan 11, 2021 by Kristi Marvin

PROPOSED BUSINESS COMBINATION: Peak Bio, Inc.

ENTERPRISE VALUE: $205.4 million
ANTICIPATED SYMBOL: PKBO

Ignyte Acquisition Corp. proposes to combine with Peak Bio, Inc.

Peak Bio is a clinical-stage biopharmaceutical company focused on developing therapeutics addressing significant unmet needs in the areas of oncology and inflammation. ...READ MORE

Astrea Acquisition Corp.

Jan 11, 2021 by Kristi Marvin

SUBSEQUENT EVENT – 10/20/22 – LINK

  • Effective October 14, 2022, Astrea Acquisition Corp., Astrea Acquisition Sponsor LLC and Sports Masters Management LLC entered into a Strategic Partnership Agreement.
  • The Agreement provides that the Sponsor agreed to transfer to SMM 4,227,500 shares of the common stock of the SPAC (the “Founders Shares”) owned by the Sponsor.
...READ MORE

Churchill Capital Corp VII *

Jan 11, 2021 by Kristi Marvin

LIQUIDATION – 8/19/24 – LINK

  • The Company anticipates that the last day of trading in the Class A ordinary shares will be August 19, 2024.
    • The per-share redemption price will be approximately $10.84

The below-announced combination was terminated on 8/19/24. 

...READ MORE

Churchill Capital Corp VI *

Jan 11, 2021 by Kristi Marvin

LIQUIDATION – 11/17/23 – LINK

  • The Company anticipates that the last day of trading in the Class A ordinary shares will be December 1, 2023.
    • The per-share redemption price will be approximately $10.49

EXTENSION – 5/11/23 – LINK

  • The SPAC approved the extension from May 17, 2023 to February 17, 2024.
...READ MORE

HealthCor Catalio Acquisition Corp.

Jan 11, 2021 by Kristi Marvin

PROPOSED BUSINESS COMBINATION: Hyperfine, Inc.

ENTERPRISE VALUE: $581.3 million
ANTICIPATED SYMBOL: HYPR

HealthCor Catalio Acquisition Corp. proposes to combine with Hyperfine, Inc., creator of the first U.S. Food and Drug Administration (“FDA”) cleared portable magnetic resonance imaging (“MRI”) device, Swoop™, and Liminal Sciences, Inc. ...READ MORE

D and Z Media Acquisition Corp. *

Jan 8, 2021 by Matt Cianci

EXTENSION – 12/20/22 – LINK

  • At the Special Meeting, the Company’s stockholders approved the following items: (i) a proposal to amend the Company’s amended and restated certificate of incorporation, in the form set forth as Annex A to the Proxy Statement for the Special Meeting, to extend the date by which the Company must consummate an initial business combination from January 28, 2023 to October 31, 2023
    • 27,928,906 (97.144%) shares were redeemed

SUBSEQUENT EVENT – 12/15/22 – LINK

  • If the requisite proposals are approved at the Special Meeting and the Extension is implemented, the Sponsor or its designees will deposit into the trust account as a loan, on the Original Termination Date, the lesser of:
    • (w) $255,000 or
    • (x) $0.15 per public share multiplied by the number of public shares outstanding on the Original Termination Date, and on each of April 28, 2023 and the 28th day of each subsequent calendar month until the Extended Date, the lesser of:
    • (y) $85,000 or
    • (z) $0.05 per public share multiplied by the number of public shares outstanding on such applicable date, provided that no Contribution will be made for the period from October 28, 2023 to October 31, 2023, if applicable.
...READ MORE

Decarbonization Plus Acquisition Corporation II

Jan 8, 2021 by Matt Cianci

PROPOSED BUSINESS COMBINATION: Tritium

ENTERPRISE VALUE: $1.4 billion
ANTICIPATED SYMBOL: DCFC

Decarbonization Plus Acquisition Corporation II proposes to combine with Tritium, a Brisbane-based developer and manufacturer of direct current (“DC”) fast chargers for electric vehicles (“EVs”). ...READ MORE

Foresight Acquisition Corp.

Jan 8, 2021 by Matt Cianci

PROPOSED BUSINESS COMBINATION: P3 Health Partners

ENTERPRISE VALUE: $2.229 billion
ANTICIPATED SYMBOL: tbd

Foresight Acquisition Corp. proposes to combine with P3 Health Partners.

P3 is a patient-centered and physician-led population health management company that supports providers, physicians, and practices in their journey from traditional volume-based models to value-based systems of care and wellness. ...READ MORE

CA Healthcare Acquisition Corp.

Jan 8, 2021 by Matt Cianci

PROPOSED BUSINESS COMBINATION: LumiraDx

ENTERPRISE VALUE: $5.033 billion
ANTICIPATED SYMBOL:  LMDX

CA Healthcare Acquisition Corp announced a definitive merger agreement with LumiraDx Limited (“LumiraDx”) a next-generation point of care (POC) diagnostics testing company. ...READ MORE

CF Acquisition Corp. V

Jan 8, 2021 by Matt Cianci

PROPOSED BUSINESS COMBINATION: Nettar Group, Inc. (Satellogic)

ENTERPRISE VALUE: $850 million
ANTICIPATED SYMBOL: SATL

CF Acquisition Corp. V proposes to combine with Nettar Group, Inc. (“Satellogic”), a leader in high-resolution satellite data collection. ...READ MORE

ITHAX Acquisition Corp.

Jan 8, 2021 by Matt Cianci

PROPOSED BUSINESS COMBINATION: Mondee

ENTERPRISE VALUE: $838 million
ANTICIPATED SYMBOL: MOND

ITHAX Acquisition Corp. proposes to combine with Mondee, a rapid growth, technology-first travel marketplace with a portfolio of globally recognized brands in the leisure, retail and corporate travel sectors. ...READ MORE