Terms Tracker for the Week Ending August 12th, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week, we saw one new S-1 registration statement and two IPOs, nearly replicating last week’s numbers. BCGF Acquisition Corp.…

CENAQ Energy Corp. (NASDAQ:CENQ) has entered into a definitive agreement to combine with gasoline supplier Bluescape Clean Fuels at a pro forma enterprise value of $280 million, or 1.8x 2025E EBITDA. Dallas, Texas-based Bluescape Clean Fuels turns waste feedstocks into renewable gasoline, allowing consumers to reduce their carbon footprint. Upon closing of…

Breeze Holdings Acquisition Corp. (NASDAQ:BREZ) announced late this afternoon that it has mutually terminated its combination with space logistics firm D-Orbit. Tellingly, Breeze and D-Orbit cited market conditions as the reason for termination, which has become a common refrain for the SPAC market.  J. Douglas Ramsey, Ph.D., Chairman and CEO of…

Edoc Acquisition Corp. (NASDAQ:ADOC) announced this afternoon that it has mutually terminated its combination with biotechnology firm Calidi Biotherapeutics, Inc. This morning, Edoc filed an 8-K notifying shareholders that it had postponed its scheduled extension vote from 10AM to 8PM this evening.  However, the deal was subsequently terminated ahead of…

East Stone Acquisition Corp. (NASDAQ:ESCC) has tacked on yet another $200 million to its PIPE for its combination with EV-maker ICONIQ, bringing the total PIPE now to $600 million.  As background, East Stone brought an estimated $33.5 million into the deal from its current trust and originally supplemented this with…

Broadscale Acquisition Corp. (NASDAQ:SCLE) announced this afternoon that it has mutually terminated its combination with software engineering platform Voltus. On Monday, August 8, Voltus informed Broadscale that it would be unable to complete all actions necessary in order for its registration statements to be effective prior to its agreement end date. As…

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Rocket Lab proves its business model and will benefit from increase in military spending Unlike Other Former SPACs, Rocket Lab is Already Science, Not Fiction The small-satellite launcher…

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies green energy beneficiaries of the Inflation Reduction Act. We look at why they are compelling and why each could be a fit for a blank-check merger. This week brought a new round…

Digital Health (NASDAQ:DHAC) announced this afternoon that it has entered into a PIPE Securities Purchase Agreement, a registration rights agreement, and a lock-up agreement in connection to its proposed merger with telehealth software firm VSee and digital healthcare provider iDoc. On August 9, DHAC entered into a securities purchase agreement with…

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: United Airlines puts down $10 million deposit on flying taxis from Archer Aviation and Swvl announces $20 million private placement United Airlines bets $10 million on flying taxis…