Longevity Acquisition Corporation (LOAC) Extends Transaction Deadline

Nov 20, 2020 INTEL by Nicholas Alan Clayton

Longevity Acquisition Corporation (NASDAQ:LOAC) announced in an 8-K filing that its shareholders have voted to extend the SPAC’s transaction deadline from November 30 to May 29, 2021. Importantly, only 1,200 shares were redeemed in connection with the extension. At an estimated redemption rate of $10.75, this would have removed just $12,900 from its trust and
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Longview (LGVW) to Combine with Butterfly Network

Nov 20, 2020 INTEL by Matt Cianci

Longview Acquisition Corporation (NASDAQ:LGVW) announced this morning it has signed a definitive merger agreement with Butterfly Networks, the leading company in semiconductor-based point-of-care ultrasound (“POCUS”) devices and related imaging and workflow software. The deal comes at an enterprise value of $1,457.3 million, or 10.6x expected 2022 revenues. Background About a decade after Glenview management first
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Legacy Acquisition Corp. (LGC) Announces Tender and Warrant Exchange Results

Nov 20, 2020 INTEL by Nicholas Alan Clayton

Legacy Acquisition Corp. (NYSE:LGC) announced today that it had completed a tender of $54 million-worth of shares and amended its warrant structure. A total of 5,153,781 (about 84.2%) shares were tendered at $10.504 per share removing $54,135,315.62 from Legacy’s Trust. Its trust had already been depleted to about $63.2 going into the tender and only
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Eric’s Top 3 – Homebuilding

Nov 20, 2020 INTEL by Nicholas Alan Clayton

SPACInsider contributor Eric Weidemann this week compiled his three favorite potential SPAC targets that could gain from a rising homebuilding market. We look at why they are compelling and why each could be a fit for a blank-check merger.

GigCapital3 (GIK) Reportedly Targeting Fleet Electrification Company Lightning EMotors

Nov 20, 2020 INTEL by Kristi Marvin

In a week filled with electric vehicle (EV) deals and rumors, we add another to the list. GigCapital3, Inc. (NYSE: GIK) is reportedly in talks to combine with the fleet electrification and charging company Lightning EMotors in a deal valuing the target around $700 million to $1 billion, including debt, according to Bloomberg. Loveland, Colorado
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Omnichannel Acquisition Corp. (OCA.U) Prices $200M IPO

Nov 19, 2020 INTEL by Nicholas Alan Clayton

Omnichannel Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “OCA.U” tomorrow, Friday, November 20.

Cascade Acquisition Corp. (CAS.U) Prices $200M IPO

Nov 19, 2020 INTEL by Kristi Marvin

Cascade Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “CAS.U” tomorrow, Friday, November 20.

Kingswood Acquisition Corp. (KWAC.U) Prices $100M IPO

Nov 19, 2020 INTEL by Nicholas Alan Clayton

Kingswood Acquisition Corp. announced the pricing of its $100 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “KWAC.U” tomorrow, Friday, November 20.

Aequi Acquisition Corp. (ARBGU) Prices $200M IPO

Nov 19, 2020 INTEL by Nicholas Alan Clayton

Aequi Acquisition Corp. announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the Nasdaq under the symbol “ARBGU” tomorrow, November 19.

Liberty Media Acquisition Corporation (LMACU) files for $500M IPO

Nov 19, 2020 INTEL by Matt Cianci

Thursday morning we saw Liberty Media Acquisition Corporation (NASDAQ: LMACU) file its S-1 to IPO. The team is sponsored by John Malone’s Liberty Media (LMC) and will be raising $500M for a deal in the “media, digital media, music, entertainment, communications, telecommunications and technology industries”. While it seems safe to categorize this under TMT, the
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Trident Acquisitions Corp. (TDAC) Announces LOI with Lottery.com

Nov 19, 2020 INTEL by Nicholas Alan Clayton

Trident Acquisitions Corp. (NASDAQ:TDAC) announced this morning it had signed a letter of intent to combine with Lottery.com. The news will give Trident shareholders something to chew on heading into the SPAC’s vote to extend its transaction deadline. The deadline currently sits at December 1, so Trident will need to set a vote and secure
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Forum Merger III Corp. (FIII) Reportedly Eying Electric Van Target ELMS

Nov 19, 2020 INTEL by Nicholas Alan Clayton

Another day, another rumored SPAC combination with an electric vehicle (EV) target. Forum Merger III Corp. (NASDAQ:FIII) is now reportedly in talks to combine with electric delivery van-maker ELMS in a deal valuing at about $1 billion, according Reuters. Michigan-based ELMS plans to launch two EV van models over the next two years and plans
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L&F Acquisition Corp. (LNFA.U) Prices $150M IPO

Nov 18, 2020 INTEL by Nicholas Alan Clayton

L&F Acquisition Corp. announced the pricing of its $150 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “LNFA.U” tomorrow, Thursday, November 19. The new company aims to combine with a target in the governance, risk, and compliance (GRC) software or legal technology sector. L&F is
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Jiya Acquisition Corp. (JYAC) Prices $100M IPO

Nov 18, 2020 INTEL by Nicholas Alan Clayton

Jiya Acquisition Corp. announced the pricing of its $100 million IPO this evening and its shares are expected to begin trading on the Nasdaq under the symbol “JYAC” tomorrow, Thursday, November 19. The new company aims to combine with a biopharmaceutical target that has innovative science with a clear plan for capital formation and clinical
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Reinvent Technology Partners Z (RTPZ.U) Prices $200M IPO

Nov 18, 2020 INTEL by Nicholas Alan Clayton

Reinvent Technology Partners Z announced the pricing of its $200 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “RTPZ.U” tomorrow, Thursday November 19. The new company aims to combine with a consumer technology target that could benefit from Reinvent’s differentiated vision. Reinvent is led by
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Consonance-HFW Acquisition Corp. (CHFW.U) Prices $80M IPO

Nov 18, 2020 INTEL by Nicholas Alan Clayton

Consonance-HFW Acquisition Corp. announced the pricing of its $80 million IPO this evening and its units are expected to begin trading on the NYSE under the symbol “CHFW.U” tomorrow, Thursday, November 19. The new company aims to combine with a life sciences target with multiple product candidates in clinical or pre-clinical stages of development. Consonance-HFW
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CIIG Merger Corp. (CIIG) to Combine with Arrival in $5.4Bn Deal

Nov 18, 2020 INTEL by Nicholas Alan Clayton

CIIG Merger Corp. (NASDAQ:CIIG) announced this morning it has signed a definitive merger agreement with electric vehicle (EV) manufacturer Arrival that would give it an enterprise value of about $5.4 billion. Arrival makes zero-emission buses and vans designed for public transit and commercial fleets, such as that of parcel delivery service UPS, which has ordered
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GreenVision-AHA Combination (GRNV) Under Threat as Bolt-On Deals Fall Through

Nov 17, 2020 INTEL by Nicholas Alan Clayton

GreenVision Acquisition Corp. (NASDAQ:GRNV) announced in an 8-K filing its proposed merger with Accountable Healthcare America (AHA) was at risk of termination as AHA’s own proposed bolt-on acquisitions had been terminated by the other parties. The SPAC announced on August 27 it had entered into a $150 million merger agreement with AHA, which operates 13
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SPACs Reportedly Chasing New Electric Bus and Scooter Targets

Nov 17, 2020 INTEL by Nicholas Alan Clayton

CIIG Merger Corp. (NASDAQ:CIIG) is in talks to combine with electric vehicle (EV) manufacturer Arrival, while electric scooter-maker Bird Rides is chirping with at least one SPAC, according to two reports by Bloomberg. Arrival CIIG is reportedly working to pull together a PIPE worth $400 million to $500 million to support the deal, would value
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Orisun Acquisition Corp. (ORSN) Shareholders Approve Ucommune Deal

Nov 17, 2020 INTEL by Nicholas Alan Clayton

Orisun Acquisition Corp. (NASDAQ:ORSN) announced in an 8-K filing that its shareholders had approved its business combination with Ucommune Group Holdings at a special meeting November 16. With over 75% of shares participating the approval passed overwhelmingly and marked the final hurdle for Orisun to close its deal. The SPAC did not divulge redemption figures
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