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 October 11, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week was sandwiched in between the Rosh Hashanah and Yom Kippur holidays, and as such, it was on the lighter side for news. In...
Much has been written about the rise and fall of companies from the last SPAC cycle. But, the turning tides of the past month would seem to suggest that perhaps more than a SPAC-specific trend, what the market saw was mostly macro factors all along. In the aggregate, the 199 companies that listed via DeSPAC...
At the SPAC of Dawn October is quickly catching up to last month’s SPAC IPO figures and is now pacing to break them with two more SPACs pricing last night. This comes amid continued signals that the IPOs of all kinds are not keeping up with rising market sentiment and a high demand for private...
Rising Dragon Acquisition Corp. announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RDACU”, Friday, October 11, 2024. The new SPAC does not plan to target a particular industry or geography in its combination search but plans to leverage the experience of...
Cohen Circle Acquisition Corp. I announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CCIRU”, Friday, October 11, 2024. The Company’s primary focus will be to identify companies in the financial services technology (fintech) sector and fintech adjacent sectors that power transformation...