INTEL

bowx-WeWork-Logo.

BowX Acquisition Corp. (BOWX) Shareholders Approve WeWork Deal

BowX Acquisition Corp. (NASDAQ:BOWX) secured shareholder approval of its combination with leading flexible space provider WeWork in a meeting held earlier today. The business combination was supported by 97.9% of the votes cast at the meeting, representing approximately 77.6% of BowX’s outstanding shares. Despite the shareholder approval, BOWX fell to $9.54 today following the headlines,
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
mirion logo
latest-news
bowx-WeWork-Logo.

BowX Acquisition Corp (BOWX) Secures Backstop Financing

Oct 18, 2021 INTEL by Kristi Marvin
BowX Acquisition Corp. (NASDAQ:BOWX) announced this afternoon that ahead of it’s combination vote tomorrow to complete it’s transaction with WeWork, BowX has entered into a backstop agreement for up to $150 million with DTZ Worldwide Limited, the parent company to Cushman & Wakefield U.S., Inc., or “C&W”. Previously, WeWork and C&W had been in non-binding discussions
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
latest-news

The Latest SPAC News and Rumors: October 18, 2021


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

Latest SPAC News: Pershing Square asks judge to toss investor suit; Aurora appoints trucking expert to its Safety Advisory Board


Ackman’s Pershing Square SPAC Asks Judge to Toss Investor Suit

Bill Ackman’s Pershing Square Tontine Holdings Ltd. ...READ MORE

mirion logo

Yucaipa Acquisition Corporation (YAC) Upsizes PIPE, Adds Backstop

It is backstop season in SPAC land and Yucaipa Acquisition Corporation (NYSE:YAC) is the latest to get in on the fun. It announced overnight that it has signed a backstop agreement worth up to $178 million and has also upsized its PIPE by an additional $70 million for its combination with SIGNA Sports United. Three
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
SPAC-Terms-Tracker

SPAC IPO Terms Tracker: IPO Activity Remains High for October

Oct 17, 2021 INTEL by sam.beattie
Terms Tracker for the Week Ending Oct. 15, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This week, we saw nine new S-1 registration statements, three less than last week, and 10 IPOs, one less than last week. As we get
Read More
To access this post, you must purchase 1 - User: Monthly Plan or 1 - User: Annual Plan ($250/month).
latest-news

The Latest SPAC News and Rumors: October 15, 2021


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

Latest SPAC News: ECombustible in talks to merge with Benessere Capital; Redbox teams up with entertainment company Curiosity on multi-faceted agreement


Hydrogen Fuel Firm ECombustible Eyes Up to $1 Billion SPAC Deal

ECombustible, a maker of hydrogen-based fuel, is in talks to merge with blank-check firm Benessere Capital Acquisition Corp. ...READ MORE

gigcapital4-bigbear logo

GigCapital4 (GIG) Arranges Two Forward Purchase / Backstop Arrangements

Oct 15, 2021 INTEL by Kristi Marvin
GigCapital4 (NASDAQ:GIG) announced this morning that they have entered into a Forward Purchase Agreement (“FPA”) with Highbridge and Glazer Capital,  in an effort to secure their combination shareholder vote.  This arrangement is similar to the FPA/Backstop we saw earlier this week with Big Cypress (Nasdaq: BCYP), but with some additional terms. As part of the FPA,
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

26 Capital Acquisition Corp. (ADER) to Combine with Okada Manila in $2.6Bn Deal

26 Capital (NASDAQ:ADER) has entered into a definitive agreement to combine with gambling resort Okada Manila at an enterprise value of $2.6 billion. Okada Manila operates a 42-hectare hospitality complex including the largest integrated casino in the Entertainment City, Philippines. The combined company is expected to trade on the Nasdaq once the deal is completed
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
Vivid Seats
TOP-3
VPC-Impact-Bakkt-logo

VPC Impact (VIH) Shareholders Approve Bakkt Deal

VPC Impact Acquisition Holdings (NASDAQ:VIH) secured shareholder approval of its combination with digital asset marketplace Bakkt Holdings today after pre-announcing its redemption amounts yesterday morning.

Today’s 8-K filing provided further transparency into VIH’s redemptions, disclosing that a total of 8,452,042 shares were redeemed in connection with the business combination, removing 40.76% of the SPAC’s trust. ...READ MORE

latest-news

DraftKings Joins PIPE for Horizon Acquisition Corp. (HZAC)’s Vivid Seats Deal

Horizon (NYSE:HZAC) announced this morning that it has swapped out a portion of the PIPE financing for its pending deal with Vivid Seats, replacing an allotment set to be purchased by its affiliate Eldridge Industries with commitments from an interesting newcomer – DraftKings (NASDAQ:DKNG). The move is intriguing for a number of reasons, the timing
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

ACE Convergence (ACEV) to Combine with Tempo Automation in $936M Deal

ACE Convergence (NASDAQ:ACEV) has entered into a definitive agreement to combine with electronics manufacturer Tempo at an enterprise value of $936 million, or 4.3x its 2023E revenue. San Francisco-based Tempo provides outsourced digital manufacturing services for electronics and other circuitry applications. The combined company is expected to trade on the Nasdaq under the symbol “TMPO”
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.
aerofarms logo

Spring Valley (SV) and Aerofarms Announce Termination of Agreement

Oct 14, 2021 INTEL by Kristi Marvin
Spring Valley Acquisition Corp. (NASDAQ:SV) announced this morning that it has mutually terminated their business combination agreement with indoor vertical farming company, Dream Holdings, Inc. (“AeroFarms”).  The press release cited that Aerofarms has a great working relationship with Spring Valley, but that they “believe proceeding with this transaction is not in the best interests of
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.

Marquee Raine Acquisition Corp. (MRAC) Shareholders Approve Enjoy Deal

Marquee Raine Acquisition Corp. (NASDAQ:MRAC) secured shareholder approval of its combination with technology-powered service platform Enjoy Technology Inc. in a meeting held earlier this morning. Although the 8-K filing did not disclose redemption numbers, MRAC traded below $10 throughout its redemption deadline October 11 and closed today at $9.88. MRAC announced on September 14 that
Read More
To access this post, you must purchase a Monthly or Yearly SPACInsider Subscription, or log in if you're a member.