Archives: Spacs

Spacs Information Page

Allegro Merger Corporation*

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: TGIF Holdings (TGI Fridays)


ESTIMATED CURRENT FUNDS in TRUST: $115.4 million*
CURRENT PER SHARE REDEMPTION PRICE: $10.33*
ENTERPRISE VALUE: $475.4 million

 

*SPACInsider estimate a/o 3-29-20

Allegro Merger Corp. ...READ MORE

Trine Acquisition Corporation

Oct 19, 2020 by Roman Developer

SUBSEQUENT EVENT – 7/3/24 – LINK

  • Nano Dimension Ltd and Desktop Metal, Inc. (NYSE: DM) today jointly announced that they have entered into a definitive agreement under which Nano Dimension will acquire all outstanding shares of Desktop Metal in an all-cash transaction for $5.50 per share, subject to possible downward adjustments to $4.07 per share, as described below.
...READ MORE

Tottenham Acquisition I Limited *

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: Clene Nanomedicine, Inc.


ESTIMATED CURRENT FUNDS in TRUST: $20.98 million*
CURRENT PER SHARE REDEMPTION PRICE: $11.02*
ENTERPRISE VALUE: $542.5 billion

 

*SPACInsider estimate 

Tottenham Acquisition I Ltd. proposes to combine with Clene Nanomedicine, Inc., ...READ MORE

Tenzing Acquisition Corporation *

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: Reviva Pharmaceuticals, Inc.


ESTIMATED CURRENT FUNDS in TRUST: $34.5 million*
CURRENT PER SHARE REDEMPTION PRICE: $10.85*
ENTERPRISE VALUE: $84.8 million

 

*SPACInsider estimate 

Tenzing Acquisition Corp. proposes to merge with Reviva Pharmaceuticals, Inc. ...READ MORE

Switchback Energy Acquisition Corporation

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: Chargepoint, Inc.

ENTERPRISE VALUE: $2.4 billion
ANTICIPATED SYMBOL: CHPT

Switchback Energy Acquisition Corp. proposes to combine with ChargePoint, Inc., a leading electric vehicle (“EV”) charging network. The Company has built the largest EV charging network and most complete portfolio of charging solutions available today. ...READ MORE

Schultze Special Purpose Acquisition Corporation *

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: Clever Leaves


ESTIMATED CURRENT FUNDS in TRUST: $86.8 million*
CURRENT PER SHARE REDEMPTION PRICE: $10.22*
ENTERPRISE VALUE: $205.9 million

*SPACInsider estimate

SUBSEQUENT EVENTS NOVEMBER 9, 2020

On November 9th, SAMA announced that it has amended its business combination agreement with Clever Leaves along the following:

a) Change the definition of Cash Arrangement Consideration to an aggregate amount up to $2,000,000 in cash in the aggregate payable to certain Clever Leaves shareholders, with such amount increasing to (i) $3,000,000 if after giving effect to the exercise of redemption rights and payments related thereto, the funds in the Trust Account plus proceeds from the Agreed PIPE (defined below) are greater than or equal to $60,000,000, and (ii) $4,000,000 if after giving effect to the exercise of redemption rights and payments related thereto, the funds in the Trust Account plus proceeds from the Agreed PIPE are greater than or equal to $90,000,000

b) Amend the formula for calculating the Arrangement Consideration such that the amount will be derived from $183,600,000

c) Reduce the minimum cash amount required to be held by SAMA either in or outside the Trust Account at Closing, including the aggregate amount of the PIPEs (including for the avoidance of doubt, the aggregate amount of the Agreed PIPE), to $26,000,000


Schultze Special Purpose Acquisition Corp. ...READ MORE

RMG Acquisition Corporation

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: Romeo Power


ESTIMATED CURRENT FUNDS in TRUST: $234.1 million*
CURRENT PER SHARE REDEMPTION PRICE: $10.18*
ENTERPRISE VALUE: $993 million

*SPACInsider estimate 

RMG Acquisition Corp. proposes to combine with Romeo Power, an energy technology company focused on designing and manufacturing lithium-ion battery modules and packs for commercial electric vehicles. ...READ MORE

Replay Acquisition Corporation

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: Finance of America Equity Capital

ENTERPRISE VALUE: $1.662 billion
ANTICIPATED SYMBOL: FOA

Replay Acquisition Corp. proposes to combine with Finance of America Equity Capital LLC, an end-to-end lending and services platform. ...READ MORE

Pivotal Investment Corporation II

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: XL Fleet


ESTIMATED CURRENT FUNDS in TRUST: $232.3 million*
CURRENT PER SHARE REDEMPTION PRICE: $10.10*
ENTERPRISE VALUE: $1.1 billion

*SPACInsider estimate 

Pivotal Investment Corp. II proposes to combine with XL Fleet, a provider of fleet electrification solutions, with proven, proprietary technology and electrified drive systems that work seamlessly across a wide range of vehicle classes and types. ...READ MORE

Orisun Acquisition Corporation *

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: Ucommune Group Holdings


ESTIMATED CURRENT FUNDS in TRUST: $45.3 million*
CURRENT PER SHARE REDEMPTION PRICE: $10.19*
ENTERPRISE VALUE: $765 million

*SPACInsider estimate 

Orisun Acquisition Corp. proposes to combine with Ucommune Group Holdings, an agile office space manager and provider in China. ...READ MORE

Opes Acquisition Corporation *

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: BurgerFi International, LLC


ESTIMATED CURRENT FUNDS in TRUST: $48.4 million*
CURRENT PER SHARE REDEMPTION PRICE: $10.66*
ENTERPRISE VALUE: $143 million

*SPACInsider estimate 

Opes Acquisition Corp. proposes to combine with BurgerFi International, LLC (“BurgerFi”), a  fast-growing better burger concept with approximately 125 BurgerFi restaurants domestically and internationally. ...READ MORE

Oaktree Acquisition Corporation

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: Hims, Inc.

IMPLIED ENTERPRISE VALUE: $1.6 billion
ANTICIPATED SYMBOL: HIMS

Oaktree Acquisition Corp. proposes to combine with Hims, Inc. (“Hims & Hers” or the “Company”). Launched in 2017, Hims & Hers has built a proprietary platform that connects consumers to licensed healthcare professionals for care across numerous specialties, including primary care, mental health, sexual health and dermatology, among others. ...READ MORE

Novus Capital Corporation

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: AppHarvest

ENTERPRISE VALUE: $549.7 million
ANTICIPATED SYMBOL: APPH

Novus Capital Corp. proposes to combine with AppHarvest, an applied technology company building some of the world’s largest indoor farms in Appalachia. ...READ MORE

NetFin Acquisition Corporation

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: Tritteras Fintech Pte Ltd.


ESTIMATED CURRENT FUNDS in TRUST: $257.3 million*
CURRENT PER SHARE REDEMPTION PRICE: $10.17*
ENTERPRISE VALUE: $674 million

*SPACInsider estimate

Netfin Acquisition Corp. proposes to combine with Triterras Fintech Pte. ...READ MORE

Mountain Crest Acquisition Corporation

Oct 19, 2020 by Roman Developer

PROPOSED BUSINESS COMBINATION: Playboy Enterprises, Inc.

ENTERPRISE VALUE: $413.3 million
ANTICIPATED SYMBOL: PLBY

Mountain Crest Acquisition Corp. proposes to combine with Playboy Enterprises, Inc., one of the largest and most recognizable lifestyle brands in the world, with more than $3B in global consumer spend against the brand across 180 countries. ...READ MORE