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AIB Acquisition Corp. (AIBBU) Prices $75M IPOAIB 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…
- Oaktree Acquisition Corp. II (OACB) Upsizes PIPE for Alvotech Deal
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. At $10.00 per share, this additional funding is driven by increased interest from Icelandic investors, including Arctica Finance,…
- Gores Metropoulos II, Inc. (GMII) Shareholders Approve Sonder Deal
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. The SPAC opened at $8.49 today, and is…
- The Latest SPAC News and Rumors: January 18, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: GP Bullhound to join Amsterdam SPAC rush, Baron Davis SPAC in talks with esports startup ReKTGlobal, and Wag in merger talks with CHW Spotify Backer GP Bullhound to Join…
- Social Capital Suvretta III (DNAC) to Combine with ProKidney in $1.8Bn Deal
Social Capital Suvretta III (NASDAQ:DNAC) has entered into a definitive combination agreement with biopharmaceutical firm ProKidney at an enterprise value of $1.835 billion. Winston-Salem, North Carolina-based ProKidney has launched Phase III trials of its REACT cellular therapy which promises to slow the progression of chronic kidney disease (CKD) and potentially…
- Yellowstone Acquisition Company (YSAC) Adds FPA to Sky Harbour Deal
Yellowstone Acquisition Company (NYSE:YSAC) announced this morning that it has supplemented the financing for its business combination with airport hanger manager Sky Harbour by adding a forward purchase agreement. The FPA will include financing up to $70 million through an affiliate of Atalaya Capital Management LP. Yesterday, Yellowstone and ACM ARRT…
- Pioneer Merger Corp. (PACX) and Acorns Mutually Terminate Deal
Pioneer Merger Corp. (Nasdaq:PACX) and Acorns, the saving and investing app, announced this morning via 8-K that they have opted to mutually terminate their business combination agreement. While we do not have a formal press release, according to Bloomberg, the deal was terminated due to market conditions. Furthermore, Acorns intends…
- CF Acquisition Corp. V (CFV) Adds $150M to Satellogic Deal
CF Acquisition Corp V. (NASDAQ:CFV) announced this morning that it has added $150 million to its combination with orbital imagery company Satellogic. The new investment comes from Steven Mnuchin’s private equity firm Liberty Strategic Capital, bringing the total capital raised to more than $265 million, net of expected redemptions of CFV…
- Poema Global Holdings Corp. (PPGH) Adds $27.5M to Gogoro PIPE
Poema Global Holdings Corp. (NASDAQ:PPGH) announced this morning that it has added $27.5 million to the PIPE for its combination with e-bike charging network provider Gogoro. The new investment at $10 per share comes from Gogoro strategic partner Hero MotoCorp and ESG investor Engine No. 1, bringing total PIPE proceeds…
- SPAC IPO Terms Tracker: Higher Index Ahead of MLK Jr. Day
Terms Tracker for the Week Ending January 14th, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Ahead of MLK Jr. Day weekend, we saw five new S-1 registration statements, two more than the week prior, and…
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