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Author: Matt Cianci

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SPAC-Terms-Tracker

Launching Our SPAC IPO Terms Tracker

Dec 30, 2020 INTEL by Matt Cianci

Investors are likely already aware of the SPAC market’s uncanny ability to change on a dime. And this year’s SPAC market was nothing short of dynamic as we had periods where most shares traded below $10 to be followed up by weeks with record setting IPOs shortly thereafter (both in number and size of the IPOs). ...READ MORE

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Advent Technologies and AMCI Acquisition Corp. Secure $65M PIPE

Dec 22, 2020 INTEL by Matt Cianci
Exceeding PIPE Expectations AMCI Acquisition Corp. (NASDAQ:AMCI), announced today that it has entered into a private placement transaction worth $65M at $10.00 per share with a consortium of institutional investors including certain funds managed by affiliates of BNP Paribas. The transaction will close concurrently with the AMCI/Advent business combination. According to the press release, “The
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Deerfield Healthcare Acquisitions Corp. (DFHT) to Combine with CareMax in $692M Deal

Dec 18, 2020 INTEL by Matt Cianci
Deerfield Healthcare Acquisitions Corp. (NASDAQ:DFHT) announced today it has entered into a definitive agreement to merge with senior healthcare providers CareMax Medical Group, LLC and IMC Medical Group Holdings, LLC along with point of care software provider CareOptimize (collectively “CareMax 2.0”) in a transaction valuing the combination at $692 million, or 1.7x 2021E revenues and
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Collective Growth Corp. to Combine with Innoviz Technologies

Dec 11, 2020 INTEL by Matt Cianci
This morning, Collective Growth Corporation (CGRO) announced a deal, however, it was not in the cannabis industry. Instead it is another LiDAR deal for investors to chew on in a year filled with combinations built around electric and autonomous vehicles. The transaction will introduce Innoviz Technologies as a Nasdaq-listed public company under the ticker “INVZ”
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Meten EdtechX (METX) Warrants Temporarily Offered at a Reduced Exercise Price

Dec 7, 2020 INTEL by Matt Cianci
Temporary Reduced Warrant Exercise Price After the close today, Meten EdtechX Education Group Ltd. (METX), filed a new prospectus (424B3) as it relates to their warrants. The company, taken public through a merger with EdtechX Holdings Acquisition Corporation, has 12,105,000 warrants outstanding, each exercisable for a full share. METX currently has 12,105,000 potential shares to
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Star Peak Energy Transition Corp. (NYSE: STPK) to Combine with Stem, Inc. in $829M Deal

Dec 4, 2020 INTEL by Matt Cianci
Star Peak Energy Transition Corp. (NYSE: STPK) announced it has entered into a definitive merger agreement with artificial intelligence (AI)-driven clean energy storage systems company, Stem, Inc., in a deal that values the company at a $829 million enterprise value. The new combined company will trade on the NYSE under the ticker “STEM” upon the
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Altimar (ATAC) Announces LOI with Dyal and Owl Rock

Dec 3, 2020 INTEL by Matt Cianci
Altimar Acquisition Corpoartion (NYSE:ATAC) announced this evening it had executed a non-binding letter of intent to lead a deal marrying Dyal Capital with Owl Rock Capital Partners LP. The deal is rumored to be worth $13 billion in total. While the deal is not definitive (SPACInsider will not consider this an “announced deal”), we want
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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
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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,
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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
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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
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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
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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
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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
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