News and Rumors
- PR: Medtech firm Agiliti (NYSE:AGTI) has agreed to be acquired by an affiliate of private equity firm Thomas H. Lee Partners (THL) at $10 per share and an enterprise value of $2.5 billion. This represents a 43% premium over the company’s 90-day VWAP and returns it to 100% ownership by THL five years after it combined with Federal Street at a $1.7 billion enterprise value.
- PR: Fintech AtlasClear (NYSE:ATCH) has completed the acquisition of Pacsquare Technologies, which will help it scale the group’s cloud customer engagement tools. AtlasClear closed a combination with Quantum FinTech on February 9.
- PR: Akili (NASDAQ:AKLI) has submitted its digital therapeutics SDT-001 for marketing approval in Japan, having received positive results in treating pediatric patients for ADHD in Phase III trials. Akili combined with Social Capital Suvretta I in August 2022.
- SpaceNews: Intuitive Machines (NASDAQ:LUNR) expects to communicate with its IM-1 Moon lander for just one more day as it appears to have tipped over and may not be able to regularly recharge itself via solar panels. The company made the historic first commercial soft landing on the moon last week, having combined with Inflection Point in February 2023.
Terms Tracker for the Week Ending December 20, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. * We will be skipping next week’s Terms Tracker post while we work on putting together our “2024 Year End Review”. You can find 2023’s...
Four Leaf Acquisition Corporation (NASDAQ:FORL) has entered into a definitive agreement to combine with Chinese technology firm Xiaoyu Dida for undisclosed terms. The Guangzhou, China-based firm produces software and hardware for smart car washing systems. The parties have set December 31, 2025 as the initial outside date and the combined company is expected to trade...
At the SPAC of Dawn SPACs are back on the board with a new deal announcement, which is the first in a little over two weeks. This brings the fourth quarter count on fresh deals to a still-meager nine after 27 were announced in the third quarter. By contrast, this quarter has still seen more...
Range Capital Acquisition Corp. (NASDAQ: RANGU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RANGU”, Friday, December 20, 2024. The new SPAC intends to take a generalist approach in searching for a business combination, but will seek opportunities in capital constrained...
SPAC Deja Vu There’s been a lot of talk this year in the SPAC market about how it’s finally reverting back to a healthier version of deal flow and the comparison is always, “….like 2019”. In fact, in 2019, Trump was in office and there were 59 SPAC IPOs priced. As of this morning, Trump...