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Pathfinder Acquisition Corporation (PFDR) to Combine with Movella in $537M Deal

Pathfinder (NASDAQ:PFDR) has entered into a definitive agreement to combine with motion-capture technology firm Movella at an enterprise value of $537 million, or 13.4x its 2022E revenue. San Jose, California-based Movella provides motion-capture hardware and software for the entertainment, health and manufacturing industries. The combined company is expected to trade on the Nasdaq once the
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liquidation

Freedom Acquisition 1 Corp. (FACT) to Combine with Complete Solaria in $553M Deal

Freedom I (NYSE:FACT) has entered into a definitive agreement to combine with solar services company Complete Solaria at an enterprise value of $553 million, or 4.6x its 2022E revenue. Complete Solaria is to be a combination of two California-based residential solar technology companies. The combined company is expected to trade on the NYSE under the
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TradeUP (UPTD) to Combine with Estrella Biopharma in $398M Deal

TradeUP (NASDAQ:UPTD) has entered into a definitive agreement to combine with biopharma firm Estrella at a pro forma equity valuation of about $398.5 million. Emeryville, California-based Estrella is developing three potential cancer therapies aimed at improving the effectiveness of T-cell treatments. The combined company is expected to trade on the Nasdaq once the deal is
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lock-ups

SPAC Lock-Up Expirations to Watch in October

The pace of lock-up expirations is cooling with the weather as the month of October is set to see just six target companies and nine sponsors newly free to trade. These de-SPACs enter October following the worst September for stocks overall since 2008. As such, it’s far from the best time for newly released shareholders
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Summit Healthcare Acquisition Corp. (SMIH) to Combine with YS Biopharma in $1Bn Deal

Summit (NASDAQ:SMIH) has entered into a definitive agreement to combine with drug-maker YS Biopharma at an enterprise value of $1.08 billion, or about 15.2x its 2022E revenue. The Beijing-based company currently makes a rabies vaccine for the Chinese market and is working to commercialize a range of new vaccines and other treatments. The combined company
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TOP-3

DTRT Health Acquisition Corp. (DTRT) to Combine with Consumer Direct Holdings

DTRT Health (NASDAQ:DTRT) has entered into a definitive agreement to combine with healthcare company Consumer Direct at an enterprise value of $681 million, or 10.1x its 2023E EBITDA. Missoula, Montana-based Consumer Direct offers self-directed home care to disabled and elderly clients in 14 states through Medicaid, private insurance and managed healthcare plans. The combined company
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Malacca Straits Acquisition Company (MLAC) to Combine with Indiev in $600M Deal

Malacca Straits (NASDAQ:MLAC) has entered into a definitive agreement to combine with EV-maker Indiev for equity consideration worth $600 million. Los Angeles-based Indiev is developing two electric vehicle models set to hit the market in 2023. Transaction Overview Malacca Straits brings an estimated $48.6 million into the deal from its current trust and Indiev founder
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KINS Technology Group (KINZ) to Combine with Inpixon in $69M Deal

KINS (NASDAQ:KINZ) has entered into a definitive agreement to combine with workplace experience company Inpixon’s (NASDQ:INPX) CXApp application for $69 million in stock. Palo Alto-based CXApp provides digital workplace and event management tools, helping users book rooms and venues as well as interact with spaces via AR/VR solutions. The combined company is expected to trade
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Decarbonization Plus IV (DCRD) to Combine with Hammerhead Resources in $1Bn Deal

Decarbonization Plus IV (NASDAQ:DCRD) has entered into a definitive agreement to combine with energy company Hammerhead Resources at an enterprise value of C$1.39 billion ($1.15 billion), or 3.7x to 3.2x its 2022E EBITDA. Calgary, Canada-based Hammerhead produces natural gas and oil from the Montney basin. The combined company is expected to trade on the Nasdaq
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latest-news

The Latest SPAC News and Rumors: September 22, 2022

 


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Digital World receives push-back in PIPE investor talks; Plaintiff lawyers increase focus on SPAC suits; Xos expands mobile EV-charger offerings


Trump-linked SPAC faces new pressure from PIPE investors as merger hangs in the balance

The Financial Times reported Tuesday that DWAC Chief Executive Patrick Orlando is negotiating with investors who said they would back the company through a private investment in public equity, or PIPE, deal. ...READ MORE

Avalon Acquisition Inc. (AVAC) to Combine with The Beneficient Company in $3.5Bn Deal

Avalon (NASDAQ:AVAC) has entered into a definitive agreement to combine with financial services firm The Beneficient Company Group, or Ben, at an enterprise value of about $3.5 billion.

The Dallas-based company provides customers options to exit alternative investments early via structures designed for high-net-worth individuals and small institutions. ...READ MORE