The Latest SPAC News and Rumors: January 21, 2022

Jan 21, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: KKR SPAC mulls $14B deal for PetSmart, ex-Daimler boss tapped for new Kensington auto-focused SPAC, and Singapore’s first SPACs off to timid start

KKR SPAC Said to Mull Deal for PetSmart at $14 Billion Value

PetSmart (NASDAQ:PETM) is in talks to go public through a blank-check company backed by private equity firm KKR & Co., ...READ MORE

Top 3 SPAC Targets – $10+ Billion Enterprise Value

Jan 21, 2022 INTEL by Nicholas Alan Clayton

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies with enterprises values of $10 billion or larger. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE

Heartland Media Acquisition Corp. (HMA.U) Prices $175M IPO

Jan 20, 2022 IPOs by Marlena Haddad

Heartland Media Acquisition Corp. announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “HMA.U” Friday, January 21.

The new SPAC intends to focus its search on a business in the media, entertainment and sports sectors with a strong management team. ...READ MORE

Kensington Capital IV Adds an Incentive Warrant to their New SPAC

Jan 20, 2022 INTEL by Kristi Marvin

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

KnightSwan Acquisition Corp. (KNSW.U) Prices $200M IPO

Jan 20, 2022 IPOs by Marlena Haddad

KnightSwan Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “KNSW.U” Friday, January 21.

The new SPAC intends to identify businesses at the leading edge of technological innovation in three key sectors: cloud, cybersecurity, and mission intelligence. ...READ MORE

HCM Acquisition Corp. (HCMAU) Prices $250M IPO

Jan 20, 2022 IPOs by Marlena Haddad

HCM Acquisition Corp. announced the pricing of its $250 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HCMAU” Friday, January 21.

The new SPAC intends to identify businesses that provide disruptive technology or innovations within the financial services industry. ...READ MORE

Vistas Media Acquisition Company (VMAC) Shareholders Approve Anghami Deal

Jan 20, 2022 INTEL by Marlena Haddad

Vistas Media Acquisition Company (NASDAQ:VMAC) announced in a press release today that its shareholders have approved its combination with streaming service Anghami in a special meeting held yesterday.

VMAC saw 9,757,033 shares redeemed, representing 97.57% of pubic shareholders, leaving just 242,967 public SPAC shares post-vote. ...READ MORE

Trebia (TREB) Shareholders Approve System1 Deal

Jan 20, 2022 INTEL by Marlena Haddad

Trebia Acquisition Corp. (NYSE:TREB) announced that its shareholders approved its combination with marketing platform System1 and Protected.net in a special meeting held earlier today.

Although the press release did not disclose redemption amounts, TREB traded below $10 throughout its redemption deadline January 18, and opened today at $8.23. ...READ MORE

The Latest SPAC News and Rumors: January 20, 2022

Jan 20, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Temasek unit-backed SPAC rises in Singapore trading debut, and Tokyo bourse chief says SPACs possible in Japan

Temasek Unit-Backed SPAC Rises 1% in Singapore Trading Debut

The first blank-check company to debut in Singapore climbed 1% in its first day of trading after an offering that attracted strong demand from retail and institutional investors. ...READ MORE

Generation Asia I Acquisition Limited (GAQ.U) Prices $200M IPO

Jan 20, 2022 IPOs by Marlena Haddad

Generation Asia I Acquisition Limited announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “GAQ.U” Thursday, January 20. ...READ MORE

Silver Spike Acquisition Corp. II (SPKB) to Combine with Eleusis in $446M Deal

Jan 20, 2022 INTEL by Nicholas Alan Clayton

To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Power & Digital Infrastructure (XPDI) Shareholders Approve Core Scientific Deal

Jan 20, 2022 INTEL by Marlena Haddad

Power & Digital Infrastructure Acquisition Corp. (NASDAQ:XPDI) announced that its shareholders approved its combination with blockchain hosting and crypto mining firm Core Scientific in a special meeting held yesterday.

Redemptions totaled 36% of XPDI’s common shares eligible to redeem, which is a very good result in the current SPAC market. ...READ MORE

SCVX Corp. (SCVX) Rebounds From Prior Termination and Drops a Teaser

Jan 20, 2022 INTEL by Kristi Marvin

Signs non-binding LOI

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

Banyan Acquisition Corporation (BYN.U) Prices Upsized $210M IPO

Jan 20, 2022 IPOs by Marlena Haddad

Banyan Acquisition Corporation announced the pricing of its upsized $210 million IPO and its units are expected to begin trading on the NYSE under the symbol “BYN.U” Thursday, January 20.

The new SPAC intends to focus its search on iconic brands or established platforms in the foodservice industry that are leaders in their respective categories. ...READ MORE

DUET Acquisition Corp. (DUETU) Prices $75M IPO

Jan 19, 2022 IPOs by Anthony Sozzi

DUET Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the NASDAQ under the symbol “DUETU” Thursday, January 20.

The new SPAC intends to focus its search on disruptive change-maker technology enterprises that are capitalizing on the digital shift. ...READ MORE

The Latest SPAC News and Rumors: January 19, 2022

Jan 19, 2022 INTEL by Marlena Haddad

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

Latest SPAC News: Angel investors plan to list SPAC targeting African startups; House Minority Leader Kevin McCarthy makes Rumble preferred platform

Angel Investors Plan Rare SPAC Targeting African Startups

A pair of early-stage investors, who have made fivefold returns funding African startups since 2017, said they plan to list a blank-check company targeting technology companies from the continent. ...READ MORE

ACE Convergence (ACEV) Adds $200M to Tempo Automation Deal

Jan 19, 2022 INTEL by Nicholas Alan Clayton

ACE Convergence Acquisition Corp. (NASDAQ:ACEV) has secured its combination with electronics manufacturer Tempo Automation with $200 million in convertible notes financing announced this morning.

This new money will replace $54 million originally destined for the post-combination company in the form of a senior debt facility and is made up of $175 million from Oaktree Capital Management and $25 million from an ACE Convergence affiliate. ...READ MORE

AIB Acquisition Corp. (AIBBU) Prices $75M IPO

Jan 18, 2022 IPOs by Marlena Haddad

AIB Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AIBBU” Wednesday, January 19.

The new SPAC intends to focus its search on businesses in the fintech industry with a total enterprise value between $225 million and $375 million. ...READ MORE

Oaktree Acquisition Corp. II (OACB) Upsizes PIPE for Alvotech Deal

Jan 18, 2022 INTEL by Marlena Haddad

Oaktree II (NYSE:OACB) announced this afternoon it has secured an additional $21 million in funding for a total PIPE size of approximately $175 million to finance its combination with biopharma company Alvotech. ...READ MORE

Gores Metropoulos II, Inc. (GMII) Shareholders Approve Sonder Deal

Jan 18, 2022 INTEL by Marlena Haddad

Gores Metropoulos II, Inc. (NASDAQ:GMII) announced that its shareholders have approved its combination with next-generation hospitality firm Sonder Holdings in a special meeting held Friday, January 14.

The press release did not disclose redemption amounts, but presumably that will be filed shortly. ...READ MORE