Author: Matt Cianci

monocle-aersale

Zooming In On Revisions To Monocle/AerSale Combination

Dec 1, 2020 INTEL by Matt Cianci
Monocle Acquisition Corp. (NASDAQ:MNCL) originally signed its definitive agreement to take AerSale public in a pre-Covid world where it was deemed reasonable for an aviation company to hold just $5M cash on its balance sheet after more than half of its then-existing equity holders planned to exit their investment. Even through the pandemic, AerSale has
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
Leisure-Acquisition-Logo

Leisure Acquisition Corp. (LACQ) Gets Extension Approved With Minimal Redemptions

Nov 30, 2020 INTEL by Matt Cianci
Leisure Acquisition Corp. (NYSE:LACQ) announced in an 8-K this evening that its shareholders had approved a third extension of its transaction deadline, but shareholders also opted to redeem a small amount of shares. The trust’s new expiry has been moved from December 1, 2020 to June 30, 2021. A total of 38,051 opted to redeem,
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
Teaser

AGBA Acquisition Limited Drops Non-Binding Term Sheet “Teaser”

Nov 27, 2020 INTEL by Matt Cianci
AGBA Acquisition Limited (AGBA) filed a “teaser” this morning that they have signed a non-binding Term Sheet with certain businesses that are owned by Convoy Global Holdings Limited, a Hong Kong-listed diversified financial holding company founded in 1993. There is no guidance yet on when a definitive agreement is expected to be released, but the deal
Read More
ipo
Forest-Road-logo
10X-capital-Ventures-Logo
GigCapital2-logo

GigCapital2 (GIX) to Combine with UpHealth and Cloudbreak

Nov 23, 2020 INTEL by Matt Cianci
Staying true to form, Merger Monday saw its second deal announce late this morning between GigCapital2 (NYSE:GIX) and two telehealth companies: UpHealth and Cloudbreak. The combination follows up Friday’s telehealth deal between Longview and Butterfly Network, but will feel more like a global telehealth conglomerate than last week’s more niche deal. Today’s announcement comes at
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
butterfly-network-logo

Longview (LGVW) to Combine with Butterfly Network

Nov 20, 2020 INTEL by Matt Cianci
Longview Acquisition Corporation (NASDAQ:LGVW) announced this morning it has signed a definitive merger agreement with Butterfly Networks, the leading company in semiconductor-based point-of-care ultrasound (“POCUS”) devices and related imaging and workflow software. The deal comes at an enterprise value of $1,457.3 million, or 10.6x expected 2022 revenues. Background About a decade after Glenview management first
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
liberty-media-logo

Liberty Media Acquisition Corporation (LMACU) files for $500M IPO

Nov 19, 2020 INTEL by Matt Cianci
Thursday morning we saw Liberty Media Acquisition Corporation (NASDAQ: LMACU) file its S-1 to IPO. The team is sponsored by John Malone’s Liberty Media (LMC) and will be raising $500M for a deal in the “media, digital media, music, entertainment, communications, telecommunications and technology industries”. While it seems safe to categorize this under TMT, the
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
AEVA-LOGO.png-2

InterPrivate Acquisition Corp. (IPV) to Combine with Aeva in $1.8Bn Deal

Nov 2, 2020 INTEL by Matt Cianci
InterPrivate Acquisition Corp. (NYSE:IPV) announced this morning it has entered into a definitive merger agreement with Aeva, maker of sensors for self-driving vehicles that blend capabilities of laser lidar, cameras and radar. The Mountain View, California-based company, founded by two former Apple engineers, received an enterprise value of $1.8 billion in the deal and the
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
Bolder-Industries-logo

GigCapital2 & Bolder Industries Sign Non-Binding LOI

Oct 27, 2020 INTEL by Matt Cianci
Building on our report from yesterday, GigCapital2 Inc. (NYSE:GIX) has released more information this morning on having signed an exclusive LOI with Bolder Industries, a sustainable rubber ingredient-maker, to be valued at an initial enterprise value of $880M. The announcement comes less than two months from GigCapital2’s deadline for a business combination – December 20,
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
IPO-Pricing
tough week

The IPO Market is Showing Signs of Further Indigestion

Oct 19, 2020 INTEL by Matt Cianci
Edoc Acquisition Corp. (ADOC), re-filed its S-1 this morning to re-up the value of its (already overfunded) trust. The move is the latest in the recent trend of SPACs overfunding their trust rather than expanding warrant coverage. In the case of ADOC, they are adding to their already overfunded trust, moving from $10.10 per unit
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
Advent-technologies-logo

AMCI Acquisition Corp. (AMCI) to Combine with Advent Technologies

Oct 13, 2020 INTEL by Matt Cianci
AMCI Acquisition Corp. (AMCI) started off the shortened week by announcing a deal that would add to the long list of electrification companies combining with SPACs. Advent Technologies announced this morning that it has signed a definitive merger agreement with AMCI and will go public in a deal giving it a pro forma enterprise value
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
f45-logo-2

Crescent Acquisition Corp. Announces Termination of Agreement

Oct 6, 2020 INTEL by Matt Cianci
Covid-19 still claiming SPAC victims Crescent Acquisition Corp. (CRSA), announced this morning it has terminated its agreement with F45 Training Holdings, but will continue to seek an alternative business combination. Crescent cited Covid-19 as having created “prolonged uncertainty” to move forward with the merger. This is similar to Allegro Merger Corp. and Leisure Acquisition Corp. who
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.