Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Cvent nears $5 billion SPAC deal, Penske, ROUSH CleanTech, and Proterra announce new collaboration for F-650 electric commercial trucks, and ChargePoint to acquire has·to·be
Cvent Nears $5-Billion-Plus SPAC Deal
Cvent Inc. has agreed to merge with a SPAC in a deal that would take the event-management software company public, according to The Wall Street Journal.
Cvent is slated to merge with Dragoneer Growth Opportunities Corp. II in a transaction that values the private-equity-owned company at more than $5 billion including debt.
Cvent is owned by private-equity firm Vista Equity Partners, which took the company private in 2016 in a $1.65 billion deal.
Penske, ROUSH CleanTech, and ProTerra Announce New Collaboration for Next-Generation F-650 Electric Commercial Trucks
Three leaders in clean transportation solutions — ROUSH CleanTech, Penske Truck Leasing, and Proterra Inc — today announced a new collaboration under which Proterra (NASDAQ: PTRA) will supply its industry-leading battery technology to ROUSH CleanTech for the development of its next-generation Ford F-650 all-electric commercial truck.
READChargePoint Announces Agreement to Acquire Leading European E-Mobility Technology Provider has·to·be in Transaction Valued at €250 million
ChargePoint Holdings, Inc. (NYSE:CHPT), a leading electric vehicle (EV) charging network operating in North America and Europe, today announced it has signed a definitive agreement to acquire has·to·be, an e-mobility provider with a leading European charging software platform.
This transaction comes as Europe is among the fastest-growing markets for EV sales worldwide.
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Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...