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Author: Nicholas Alan Clayton

LifeSci Acquisition II Corp. (LSAQ) to Combine with Science 37 in $1Bn Deal

May 7, 2021 INTEL by Nicholas Alan Clayton
LifeSci II (NASDAQ:LSAQ) has entered into a definitive agreement to combine with software firm Science 37 at an enterprise value of $1.05 billion, or 5.8x its 2023E revenue. Los Angeles-based Science 37 provides a software platform that helps organize and accelerate clinical trials by biotech researchers and pharmaceutical companies. The combined entity is expected to
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Live Oak Acquisition Corp. II (LOKB) to Combine with Navitas Semiconductor in $1Bn Deal

May 7, 2021 INTEL by Nicholas Alan Clayton
Live Oak II (NYSE: LOKB) has entered into a definitive agreement to combine with advanced charging electronics-maker Navitas at an enterprise value of $1.036 billion, or 5.7x its 2023E revenue. California-based Navitas produces gallium nitride semiconductors that enable faster and more compact power supply and charging to an array of consumer and industrial electronics sectors.
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Experience Investment Corp. (EXPC) Shareholders Approve Blade Deal

May 5, 2021 INTEL by Nicholas Alan Clayton
Experience Investment Corp. (NASDAQ:EXPC) announced that its shareholders have approved its combination with Blade while redeeming a small amount of shares for cash. The parties’ press release did not give an exact figure for the number of shares redeemed, but noted that the deal will now bring $365 million in gross proceeds to Blade including
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tough week

SPAC IPOs Are Back, But Are They?

May 5, 2021 INTEL by Nicholas Alan Clayton
The pace of SPAC IPOs has loosened up from the screeching halt it experienced in early April with five listings since last Thursday and two to three potentially on the docket through the end of the week. That compares with just 10 IPOs from in the first four weeks of April (April 1 through April
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Vesper Healthcare Acquisition Corp. (VSPR) Completes HydraFacial Deal

May 5, 2021 INTEL by Nicholas Alan Clayton
Vesper Healthcare Acquisition Corporation (NASDAQ:VSPR) announced this morning it has completed its business combination with HydraFacial following a special meeting last week that saw low levels of share redemptions. About 78.9% of Vesper’s shares took part in the meeting, and the transaction was overwhelmingly approved. Shareholders redeemed 2,672,690 shares for cash, removing an estimated $26.7
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IPO-Pricing

Montes Archimedes Acquisition Corp (MAAC) to Combine with Roivant Sciences in $5Bn Deal

May 3, 2021 INTEL by Nicholas Alan Clayton
Montes Archimedes (NASDAQ:MAAC) has entered into a definitive agreement to combine with biotech firm Roivant Sciences at an enterprise value of $5 billion. Basel, Switzerland-based Roivant develops an array of drug candidates acquired from peers or internally developed with its enhanced computing platform. The combined company is expected to trade on the Nasdaq under the
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Galileo Acquisition Corp. (GLEO) to Combine with Shapeways in $410M Deal

Apr 28, 2021 INTEL by Nicholas Alan Clayton
Galileo (NYSE:GLEO) has entered into a definitive agreement to combine with digital manufacturing firm Shapeways at an enterprise value of $410 million, or 4.8x its 2022E revenue. Shapeways provides a software platform for designers to have digitally-designed parts or products optimized and manufactured out of its Long Island City, NY facilities. The combined company is
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Star Peak Energy Transition Corp. (STPK) Shareholders Approve Stem Deal

Apr 27, 2021 INTEL by Nicholas Alan Clayton

Star Peak Energy Transition (NYSE:STPK) announced in an 8-K filing that its shareholders approved its business combination with energy storage company Stem with minimal shares redeemed earlier today.

About 59.6% of Star Peak shares participated in the vote at a special meeting and overwhelmingly approved the business combination and other governance proposals on the ballot. ...READ MORE

Blue Water Acquisition Corporation (BLUW) to Combine with Clarus in $216M Deal

Apr 27, 2021 INTEL by Nicholas Alan Clayton
Blue Water (NASDAQ:BLUW) has entered into a definitive agreement to combine with pharmaceutical firm Clarus Therapeutics at an enterprise value of $215.9 million. Clarus provides testosterone replacement therapy (TRT) drugs in an oral pill form under the JATENZO brand and is developing other androgen and metabolic therapies. The combined company is expected to trade on
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Alberton Acquisition Corporation (ALAC) Extends Transaction Deadline

Apr 26, 2021 INTEL by Nicholas Alan Clayton
Alberton Acquisition Corporation (NYSE:NGA) announced that its shareholders approved an extension of its transaction deadline to October 26, but approximately 9.6% of shareholders opted to redeem shares in connection with the vote. Shareholders voting at Alberton’s special meeting April 23 redeemed a total of 135,069 shares removing an estimated $1.48 million from its trust. Redemptions
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Sports Entertainment Acquisition Corp. (SEAH) to Combine with Super Group in $4.6Bn Deal

Apr 26, 2021 INTEL by Nicholas Alan Clayton
Sports Entertainment (NYSE:SEAH) has entered into a definitive agreement to combine with Super Group at an enterprise value of $4.64 billion, or 13.3x its 2021E EBITDA. UK-based Super Group provides online sports betting through its Betway brand and an online casinos under the Spin brand with 2.5 million monthly active customers. The combined company is
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RUMORS

Friday Rumor Roundup: Even EVs Need Maps

Apr 23, 2021 INTEL by Nicholas Alan Clayton
The rumor mill slowed down this week as SPACland players were likely too busy trying to get their auditors on the phone to understand the way forward on warrant language rather than chat with reporters. But there is never a full shortage of chatter touching upon what teams may be up to. We collected this
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Northern Genesis Acquisition Corp. (NGA) Shareholders Approve Lion Electric Deal

Apr 23, 2021 INTEL by Nicholas Alan Clayton

Northern Genesis (NYSE:NGA) announced that its shareholders approved its business combination with EV-maker Lion Electric at its special meeting held earlier today.

The business combination will now be completed shortly, however the parties have opted to wait until Northern Genesis has had the opportunity to file an amended 10-K, re-stating its warrants as derivative liabilities in response to recent SEC comments. ...READ MORE

Vivid Seats

Horizon Acquisition Corporation (HZAC) to Combine with Vivid Seats in $2Bn Deal

Apr 22, 2021 INTEL by Nicholas Alan Clayton
Horizon (NYSE:HZAC) has entered into a definitive agreement to combine with ticket marketplace Vivid Seats at an enterprise value of $2.059 billion, or 4.5x its 2022E revenue. Chicago-based Vivid provides a marketplace for the $39 billion concert, theatre and sporting event ticket market. Transaction Overview Horizon is funding the deal with about $544 million in
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