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The Latest SPAC News and Rumors: June 4th, 2021


The Latest SPAC News and Rumors: June 4th, 2021

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

Lakestar SPAC plans to combine with HomeToGo on Frankfurt Stock Exchange 


Lakestar SPAC to Acquire HomeToGo in First German Deal of Its Kind

Lakestar, which is backed by venture capitalist Klaus Hommels, plans to acquire travel search engine HomeToGo in a deal that, if completed, would be the first of its kind to bring a company to the Frankfurt Stock Exchange.  The companies did not give a valuation for the proposed transaction and said management had entered exclusive talks.

Lakestar SPAC raised 275 million euros ($333 million), saying it would seek to merge with a company worth between 750 million and 4 billion euros.