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Author: Nicholas Alan Clayton

TOP-3

Alpine Acquisition Corp. (REVE) to Combine with Two Bit Entertainment in $153M Deal

Alpine (NASDAQ:REVE) has entered into a definitive agreement to combine with experiential entertainment company Two Bit Circus at an enterprise value of $153 million. Two Bit Circus runs a micro amusement park in Los Angeles and this deal would see it acquire two conference hotels to expand to Denver and Stamford, CT. The combined company
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Tuscan Holdings Corp. II (THCA) to Combine with Surf Air Mobility in $1.4Bn Deal

Tuscan II (NASDAQ:THCA) has entered into a definitive agreement to combine with Surf Air Mobility at an enterprise value of $1.42 billion. Los Angeles-based Surf Air is developing technology to electrify small passenger aircraft and has agreed to merge with commuter airline Southern Airways concurrently with the close of the business combination. The combined company
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PropTech Investment Corp II (PTIC) to Combine with Appreciate in $416M Deal

PropTech Investment II (NASDAQ:PTIC) has entered into a definitive agreement to combine with rental marketplace Appreciate at an enterprise value of $416.1 million, or 3.7x its 2023E revenue. Minnetonka, Minnesota-based Appreciate hosts a technology platform for purchasing and managing rental properties for retail and institutional buyers. The combined company is expected to trade on the
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Executive Network Partnering (ENPC) to Combine with Granite Ridge in $1.3bn Deal

Executive Network Partnering (NYSE:ENPC) has entered into a definitive agreement to combine with Texas oil and gas company Granite Ridge at an enterprise value of $1.3 billion, or 3.1x its 2022E EBITDA. Dallas-based Grey Rock Investment Partners plans to contribute oil and gas assets from its portfolio funds to Granite Ridge as a part of
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Teaser

Kingswood Acquisition Corp. (KWAC) Signs LOI with Wentworth Management Services

Kingswood (NASDAQ:KWAC) announced this morning that it has entered into a non-binding letter of intent (LOI) to combine with broker dealer service platform Wentworth ahead of an extension vote.

Wentworth describes itself as a “special purpose vehicle to acquire and hold interests in broker dealers” with a long-hold strategy meant to capture economies of scale to serve financial institutions and advisors. ...READ MORE

TOP-3

Kensington Capital IV (KCAC.U) to Combine with Amprius in $939M Deal

Kensington IV (NYSE:KCAC.U) has entered into a definitive agreement to combine with lithium-ion battery-maker Amprius at an enterprise value of $939 million. Sunnyvale, California-based Amprius is developing silicone anode batteries to take the place of existing lithium-ion designs in small electronics and EVs. The combined company is expected to trade on the NYSE under the
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InterPrivate II (IPVA) to Combine with Getaround in $900M Deal

InterPrivate II (NYSE:IPVA) has entered into a definitive agreement to combine with carsharing marketplace Getaround at an enterprise value of $900 million, or 3.9x its 2023E revenue. San Francisco-based Getaround allows users to rent out their cars to short-term renters in a similar model as Airbnb (NASDAQ:ABNB). The combined company is expected to trade on
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Dune (DUNE) Preparing to Extend Transaction Deadline in New Shift

Dune (NASDAQ:DUNE) filed an initial proxy to extend its transaction deadline in the latest change of direction in its zig-zagging process concerning its pending combination with equities trading platform TradeZero.

The move caps off a strange month for Dune, in which it launched a lawsuit against TradeZero while its Board still recommended shareholders vote in favor of the merger, then changing this recommendation to “against” earlier this week, and now focusing on an extension vote before a completion vote. ...READ MORE

TOP-3

Fortune Rise (FRLA) to Combine with VCV Digital in $294M Deal

Fortune Rise (NASDAQ:FRLA) has entered into a definitive agreement to combine with crypto mining business VCV Digital Technology at an enterprise value of $294 million, or 2.4x its 2023E EBITDA. New York City-based VCV Digital provides computing infrastructure for crypto and Web3 networks and it plans a major expansion of bitcoin mines on its platform
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Mountain Crest IV (MCAF) to Combine with CH-AUTO in $1.2Bn Deal

Mountain Crest IV (NASDAQ:MCAF) has entered into a definitive agreement to combine with CH-AUTO at an initial equity value of $1.25 billion. Beijing-based CH-AUTO has designed a unique EV sports car with plans to launch production later this year The combined company is expected to trade on the Nasdaq once the deal is completed in
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lock-ups

SPAC Lock-Up Expirations to Watch in May

As we roll towards the midpoint of Q2, nine sponsor lock-ups and 10 company lock-ups will be expiring for a raft of SPAC deals. On the company lock-up side, these 10 de-SPACs closed Thursday with an average share price of $6.97, the market being what it is. But two of these companies are trading well
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Ignyte Acquisition Corp. (IGNY) to Combine with Peak Bio in $205M Deal

Ignyte (NASDAQ:IGNY) has entered into a definitive agreement to combine with biotech firm Peak Bio at an enterprise value of $205 million. Silicon Valley-based Peak Bio is currently developing treatments for respiratory illnesses and cancer. The combined company is expected to trade on the Nasdaq under the symbol “PKBO” once the deal is completed in
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