Global Technology I (NASDAQ:GTAC) has entered into a definitive agreement to combine with art marketplace Tyfon at an enterprise value of $434 million, or 12.7x its $34 million 2023 EBITDA. Suzhou, China-based Tyfon operates as a dealer of Chinese contemporary art, selling pieces online and through traditional exhibition methods. The combined company is expected to...
Hudson I (NASDAQ:HUDA) has signed a letter agreement to combine with EV maker Aiways Europe at an equity value of $400 million. Aiways is headquartered in Shanghai and focused on developing a line of EV SUVs for the European and Asian markets. The combined company is expected to trade on the Nasdaq once the deal...
Battery Future (NYSE:BFAC) has entered into a definitive agreement to combine with edtech firm Classover at an enterprise value of $135 million. New York-based Classover provides an online tutoring and remote learning platform for K12 students. The combined company is expected to trade on the NYSE once the deal is completed in the second half...
WinVest (NASDAQ:WINV) has entered into a definitive agreement to combine with ecommerce platform Xtribe at an equity value of $141 million. London-based Xtribe provides an ecommerce and ad-targeting marketplace connecting buyers and sellers in their local areas. The combined company is expected to trade on the Nasdaq once the deal is completed in late 2024....
Mountain Crest V (NASDAQ:MCAG) broke a long dealmaking silence by SPACs this morning, albeit with a non-binding agreement to combine with Seoul-based diagnostic biotech firm CUBEBIO. The term sheet would give the company a $620 million pre-transaction equity value and help accelerate the rollout of CUBEBIO’s CEED-NOVUS cancer screening kit products. The company signed an...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...
Blockchain Coinvestors Acquisition Corp. I (NASDAQ:BCSA) has entered into a definitive agreement to combine with fintech firm Linqto at an enterprise value of $700 million. San Jose, California-based Linqto provides a platform for investors to invest in private venture-backed startups. The combined company is expected to trade on the Nasdaq once the deal is completed...
JVSPAC (NASDAQ:JVSA) has entered into a definitive agreement to combine with Philippines hospitality firm Hotel101 at an equity value of about $2.3 billion. Hotel101 is a subsidiary of Manila-based budget hospitality brand of conglomerate DoubleDragon that is focused on providing standardized hotel rooms across its full network. The combined company is expected to begin trading...
Cactus Acquisition Corp. 1 (NASDAQ:CCTS) has signed a binding heads of agreement to exclusively negotiate to combine with EV maker Tembo in a deal currently giving the firm an $838 million equity valuation. A “binding heads of agreement” is a more common phrase in the UK, where Tembo and its parent company VivoPower (NASDAQ:VVPR) are...
IX Acquisition Corp. (NASDAQ:IXAQ) has entered into a definitive agreement to combine with satellite technology firm AERKOMM (PA:AKOM) at an enterprise value of $200 million. Fremont, California-based AERKOMM has developed hardware for broadband and mobile connectivity satellites. The combined company is expected to trade on the Nasdaq under the ticker “AKOM” and maintain a secondary...