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The Latest SPAC News and Rumors: September 20, 2021


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

Latest SPAC News: Hong Kong struggles to lure SPACs while MENA SPAC activity surges; WeWork to start trading in October


Hong Kong Seen Struggling to Lure SPACs With Strict Rulebook

Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to list in the city, according to Bloomberg. ...READ MORE

Cartesian Growth Corporation (GLBL) to Combine with Alvarium Tiedemann Holdings in $1Bn Deal

Cartesian (NASDAQ:GLBL) has entered into a definitive business combination with wealth management firms Tiedemann Group and Alvarium Investments at an enterprise value of $1.087 billion, or 10.9x the combined entity’s 2022E EBITDA. The two firms serve as alternative asset managers to clients on four continents and are expected to have about $60 billion in assets
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SPAC IPO Terms Tracker: Another Quiet Holiday Week

Sep 19, 2021 INTEL by sam.beattie
Terms Tracker for the Week Ending Sept. 17, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. For the week ending September 17th, we saw eight new S-1 registration statements, synonymous with last week, and seven IPO’s, two more than last week.
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The Latest SPAC News and Rumors: September 17, 2021


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

Latest SPAC News: Hong Kong considers allowing SPAC listings, Redbox Entertainment acquires Vendetta distribution rights, and EQRx announces presentation of phase 3 data


Hong Kong Proposes SPAC Listings, But Only for Professional Investors

Hong Kong Exchanges & Clearing has outlined plans to allow the listing of blank-check corporations whose global popularity has soared over the past year, just two weeks after regional rival Singapore greenlit the float of such entities. ...READ MORE

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The Latest SPAC News and Rumors: September 16, 2021


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

Latest SPAC News: Lucid’s sedan confirmed as longest-range EV, air-taxi startup Lilium generates 29-fold return on Atomico bet, and Spire Global acquires exactEarth


Lucid’s Debut Sedan Awarded 520-Mile EPA Rating, Eclipsing Tesla

Electric vehicle maker Lucid Group (NASDAQ:LCID) says a version of its debut sedan has been confirmed as the longest-range EV ever rated by the U.S. ...READ MORE

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dMY Technology Group IV (DMYQ) Upsizes PIPE by $50 Million

Sep 16, 2021 INTEL by Kristi Marvin
At a time when securing a PIPE for a combination is challenging (at best), dMY IV (NYSE:DMYQ) has managed to upsize their commitments by $50 million with an investment from the Canada Pension Plan Investment Board (“CPP Investments”), with a co-investment from Cypress Point Investment Management. dMY IV previously announced a $200 million PIPE to
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Poema Global Holdings Corp. (PPGH) to Combine with Gogoro in $2.3Bn Deal

Poema Global (NASDAQ:PPGH) has entered into a definitive agreement to combine with electric vehicle (EV) battery re-charger Gogoro at an enterprise value of $2.35 billion, or 2.5x its 2023E revenue. Taipei-based Gogoro provides branded e-scooters and battery-swapping kiosks for a range of two-wheeled electric vehicles in Taiwan and China. The combined company is expected to
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Cerberus Telecom (CTAC) Postpones Shareholder Vote

Sep 16, 2021 INTEL by Kristi Marvin
Cerberus Telecom Acquisition Corp. (NYSE:CTAC) has postponed its special meeting to vote to approve its combination with internet-of-things (IoT) provider KORE Wireless. The meeting, which was originally supposed to be held today, September 16th, is being postponed to Wednesday, September 22nd at 10:00 am. The release also disclosed that as of 5:00 p.m. Tuesday, September
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Artisan Acquisition Corp. (ARTAU) to Combine with Prenetics in $1.25Bn Deal

Artisan Acquisition Corp. (NASDAQ:ARTAU) has entered into a definitive agreement to combine with genomic and diagnostic testing company Prenetics Group Limited at an enterprise value of $1.25 billion, or 4.6x its 2022E revenue. Hong Kong-based Prenetics is a global leader in genomic and diagnostic testing that is decentralising healthcare with a focus on prevention, diagnostics
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D8 Holdings Corp. (DEH) Shareholders Approve Vicarious Surgical Deal

D8 Holdings Corp. (NYSE:DEH) announced in a press release today that its shareholders approved its combination with surgical robotics company Vicarious Surgical, Inc. at a shareholder vote held earlier this morning. The 8-K filing disclosed that a total of 26,745,028 shares were redeemed in connection with the meeting, representing 77.5% of D8’s trust. As a
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The Latest SPAC News and Rumors: September 15, 2021


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

Latest SPAC News: Carousell becomes Singapore’s newest unicorn, Acorns names former Amazon executive as president, and Anghami partners with Amazon Prime


Online Marketplace Carousell Is Singapore’s Newest Unicorn

Online classifieds marketplace Carousell Pte became Singapore’s latest tech unicorn, raising funds at a $1.1 billion valuation as Southeast Asia’s e-commerce startups benefit from the pandemic and related lockdowns, according to Bloomberg. ...READ MORE

EJF Acquisition Corp. (EJFA) to Combine with Pagaya in $8.5Bn Deal

EJF (NASDAQ:EJFA) has entered into a definitive agreement to combine with fintech Pagaya at an enterprise value of $8.5 billion, or 12.5x its 2022E revenue. Tel Aviv-based Pagaya provides an AI-powered platform matching customers with third-party credit products both applying for loans and at the point-of-sale (POS). The combined company is expected to trade on
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Giga Energy Terminates Deal with Yunhong International (ZGYH)

Yunhong International (NASDAQ:ZGYH) announced last night that Giga Energy had terminated the pair’s business combination, marking the second termination of the month. The deal was already a bit of an enigma as the parties released little information on the transaction upon its announcement on May 17. Yunhong  stated that Giga Energy had the right to
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TPG Pace Tech Opportunities Corp. (PACE) Shareholders Approve Nerdy Deal

TPG Pace Tech Opportunities Corp. (NYSE:PACE) pre-announced in a press release yesterday that it anticipated to close its combination with remote learning platform Nerdy at a shareholder vote held earlier this morning. TPG Pace Tech has yet to announce a press release or file an 8-K following today’s shareholder meeting, but it disclosed on Monday
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Atlas Crest Investment Corp. (ACIC) Shareholders Approve Archer Aviation Deal

Atlas Crest Investment Corp. (NYSE:ACIC) has secured shareholder approval of its combination with urban air mobility company Archer at a shareholder vote earlier this morning. Although 96% of votes cast at the meeting approved of the combination, the SPAC, which raised $500 million at IPO, the trust saw 48.5% redeemed. The transaction will still generate
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The Latest SPAC News and Rumors: September 14, 2021


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

Latest SPAC News: Gogoro in talks to merge with Poema, Grab cuts projections for 2021, and Planet expands contract with NASA


Taiwanese Startup Gogoro in Merger Talks With Poema SPAC

Gogoro, a Taiwanese startup that specializes in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings Corp. ...READ MORE

Marquee Raine (MRAC) and Enjoy Technology Secure Additional PIPE Commitments

Marquee Raine Acquisition Corp. (NASDAQ: MRAC) and Enjoy Technologies announced this morning that it has cut its pro forma enterprise value from $1.18 billion to $1.06 billion and updated its investor presentation to outline recent business developments. Additionally, Enjoy was able to secure commitments from current and key investors of up to $100 million at $10.00 per
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