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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Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...
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...