Top 3 SPAC Targets – Nuclear Power
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies set to see increased demand among elevated energy prices. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE
ACE Convergence (ACEV) Secures $100M for Tempo Automation Deal
ACE Convergence Acquisition Corp. (NASDAQ:ACEV) announced that it has secured up to $100 million in committed equity financing for its combination with electronics manufacturer Tempo Automation.
The new money comes from an affiliate of Cantor Fitzgerald, and will purchase up to an aggregate of $100 million of Tempo’s common stock from time to time post-merger. ...READ MORE
The Latest SPAC News and Rumors: March 17, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Vacasa forecasts slower growth, and Boxed Q4 results show rise in online grocery adoption
Vacasa, After A Banner Year, Forecasts Much Slower Growth
Vacation rental giant Vacasa (NASDAQ:VCSA) expects to top $1 billion in revenue for the first time this year, but the Portland company said Wednesday that growth will be much slower than in the recent past. ...READ MORE
First Reserve Sustainable Growth Corp. (FRSG) Terminates EO Charging Deal
First Reserve (NASDAQ:FRSG) announced this morning that it has mutually terminated its combination with EV-charging platform EO, citing “market conditions.”
Neither party appears to have been required to pay a break up fee, but they passed the deal’s extended outside date on March 11 without a completion at hand. ...READ MORE
Edoc Acquisition Corp. (ADOC) Adds $75M to Calidi Biotherapeutics Deal
Edoc (NASDAQ:ADOC) has added a $75 million common stock purchase agreement to its combination with biotech firm Calidi.
As a part of the agreement, Calidi will be able to call upon an unnamed investor to purchase up to $75 million in company stock over a three-year period following close. ...READ MORE
Goldenstone Acquisition Limited (GDSTU) Prices $50M IPO
Goldenstone Acquisition Limited announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GDSTU” Thursday, March 17.
The new SPAC intends to acquire a growth-oriented business with an enterprise value between $150 million and $500 million although, they will not undertake an initial business combination with any entity headquartered in, or conducts the majority of its business in China (including Hong Kong and Macau). ...READ MORE
The Latest SPAC News and Rumors: March 16, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Neuberger Berman raises $1.95B to co-sponsor SPACs, Eve signs LOI with Global Crossing Airlines, and Rubicon enters into three year partnership with city of Houston
Neuberger Berman Raises $1.95 Billion to Co-Sponsor SPACs
Asset manager Neuberger Berman has collected $1.95 billion for a debut fund to sponsor SPACs alongside CC Capital Partners, a private investment firm formed and led by ex- Blackstone Inc. ...READ MORE
Tailwind Two Acquisition Corp. (TWNT) Amends Terran Orbital Deal Terms
Tailwind Two (NYSE:TWNT) has amended its combination agreement with satellite manufacturer Terran Orbital with key tweaks for the transaction’s closure.
The largest change is a requirement that the SPAC not incur redemptions of 85% or more. ...READ MORE
Podcast: Waldencast Acquisition Corp. CEO Michael Brousset
This week, we speak with with Michel Brousset, CEO of Waldencast Acquisition Corp. (Nasdaq: WALD)
Waldencast announced a $1.2 billion three-way combination with skincare and cosmetics brands Obagi and Milk Makeup in November. ...READ MORE
Bridgetown 2 Holdings Limited (BTNB) Shareholders Approve PropertyGuru Deal
Bridgetown 2 Holdings Limited (NASDAQ:BTNB) announced this morning that its shareholders have voted to approve its combination with Asian proptech firm PropertyGuru.
Redemptions removed about $177.4 million from the transaction, but this nonetheless counts as a victory for both the SPAC and the transaction in the current market. ...READ MORE
Motive Capital Corp. (MOTV) Shareholders Approve Forge Global Deal
Motive Capital Corp. (NYSE:MOTV) announced this afternoon that its shareholders have voted to approve its combination with investment marketplace Forge Global, Inc.
Approximately 93.98% of the votes cast at today’s special meeting voted to approve the business combination with Forge. ...READ MORE
Zanite Acquisition Corp. (ZNTE) Adds $2.3M to PIPE for Eve Deal
Zanite (NASDAQ:ZNTE) announced this afternoon in an 8-K that it has added $2.3 million to the PIPE for its combination with electric vertical take-off and landing vehicle (eVTOL) manufacturer Eve.
On March 9, the SPAC entered into a subscription agreement with an additional “strategic investor” that subscribed for an aggregate of 230,000 shares of common stock for $2.3 million. ...READ MORE
The Latest SPAC News and Rumors: March 15, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Hong Kong’s first SPAC aims for $1B, Joby nears completion of air carrier certification, and Terran Orbital awarded Lockheed Martin contract
Hong Kong’s First SPAC Aquila Aiming for $1B
Aquila Acquisition (7836), Hong Kong’s first SPAC, is aiming to raise about HK$1 billion after setting its offering price at HK$1.05 million per board lot. ...READ MORE
The Latest SPAC News and Rumors: March 14, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Electric Last Mile discloses SEC probe, Ginkgo Bioworks acquires FGen AG, and Astra announces multi-launch contract and first launch with Spaceflight Inc.
...READ MORE
VPC Impact Acquisition Holdings II (VPCB) Terminates Kredivo Deal
VPC Impact II (NASDAQ:VPCB) announced this morning that it has mutually terminated its combination with Southeast Asian fintech platform Kredivo.
As with other recent terminations, the parties cited “market conditions” as the cause, but this isn’t a true break up of the two sides. ...READ MORE
SPAC IPO Terms Tracker: Challenging Market Conditions Continue
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The Latest SPAC News and Rumors: March 11, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Byju’s founder in $800M funding round with BlackRock, Wag!
...READ MORE
Rosecliff Acquisition Corp I (RCLF) Terminates Gett Deal
Rosecliff Acquisition Corp I (NASDAQ:RCLF) announced this morning that it has mutually terminated its combination with ground transport management company Gett after a review of market conditions.
However, these “market conditions” also coincide with this deal possibly being the first SPAC casualty of the Russia-Ukraine war. ...READ MORE