The Latest SPAC News and Rumors: August 5, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Pershing seeks $1 billion to fund its bet on Universal Music Group, SPACs target emerging markets, and Boxed announces $45 million secured credit facility
Pershing Said to Seek $1 Billion to Fund Universal Music Bet
Bill Ackman’s hedge fund Pershing Square Capital Management LP is in discussions to raise $1 billion to help fund its bet on Vivendi SE’s Universal Music Group, according to Bloomberg. ...READ MORE
Gladstone Acquisition Corp. (GLEEU) Prices $100M IPO
Gladstone Acquisition Corp. announced the pricing of its $100 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “GLEEU”, Thursday, August 5.
The new company intends to focus its search on the farming and agricultural sectors, including farming related operations and businesses that support the farming industry, where its management team has extensive experience. ...READ MORE
Gores V (GRSV) Shareholders Approve Ardagh Metal Packaging Deal
Gores V (NASDAQ:GRSV) shareholders have approved its combination with the metal packaging division of recyclable materials producer Ardagh Group at a special meeting held yesterday.
The press release did not mention redemption figures, but stated Ardagh Metal Packaging received approximately $1.0 billion in gross proceeds. ...READ MORE
The Latest SPAC News and Rumors: August 4, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Hydrow in talks to merge with Sandbridge X2 and Venus Williams joins HumanCo’s advisory board
Hydrow in Talks to Go Public in Sandbridge X2 SPAC Deal
Rowing machine creator Hydrow is in talks to go public through a merger with Sandbridge X2 Corp. ...READ MORE
Blue Whale Acquisition Corp. I (BWCAU) Prices $200M IPO
Blue Whale Acquisition Corp. I announced the pricing of its $200 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “BWCAU”, Wednesday, August 4. ...READ MORE
AMCI Acquisition Corp. II (AMCIU) Prices $150M IPO
AMCI Acquisition Corp. II announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “AMCIU”, Wednesday, August 4.
The new company aims to combine with a business working to decarbonize the energy mix throughout the industrial sector. ...READ MORE
The Latest SPAC News and Rumors: August 3, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Traveloka to raise up to $400 million, Citadel alumni team up with JDS’s Stern for new blank-check firm, and Roivant aborts plans to buy back its own SPAC
Traveloka in Talks to Raise Up to $400 Million for SPAC Deal
Indonesia’s Traveloka is in talks with potential investors to raise as much as $400 million as part of its plan to go public through merging with a SPAC backed by Richard Li and Peter Thiel. ...READ MORE
Healthwell Acquisition Corp. (HWELU) Prices $250M IPO
Healthwell Acquisition Corp. announced the pricing of its $250 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “HWELU” Tuesday, August 3.
The new SPAC aims to combine with a healthcare target that has a differentiated product with a sustainable competitive advantage, a robust financial profile, and a scalable platform. ...READ MORE
The Latest SPAC News and Rumors: August 2, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Grab’s sales jump ahead of merger
Grab’s sales jump 39% in Q1, ahead of record SPAC deal
Grab, Southeast Asia’s biggest ride hailing-to-food delivery group’s first-quarter adjusted net sales rose 39% to a record $507 million and the Singapore-based firm reduced its losses on the back of a strong performance in its deliveries business. ...READ MORE
XPAC Acquisition Corp. (XPAXU) Prices $200M IPO
(note: SPACInsider will only publish pricing once a team officially puts out their own press release. XPAC did not publish their press release until 6:00PM ET on 7/30/21)
Reinvent Technology Partners Z (RTPZ) Shareholders Approve Hippo Deal
Reinvent Technology Partners Z (NYSE:RTPZ) shareholders have approved its combination with home insurer Hippo Enterprises at a special meeting held yesterday.
Reinvent, which raised $230 million at IPO, saw a heavy amount of redemptions as 19,261,380 shares were redeemed in connection with the vote. ...READ MORE
The Latest SPAC News and Rumors: July 30, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Manscaped in talks to merge with Bright Lights, Nikola founder Milton charged for false statements, and MENA region sees more SPAC deals
Grooming Startup Manscaped Holds Bright Lights SPAC Talks
Manscaped, a startup that sells products for “below-the-waist hygiene,” is in talks to merge with blank-check firm Bright Lights Acquisition Corp. ...READ MORE
