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INTEL

Chardan NextTech 2 (CNTQ) to Combine with Dragonfly Energy in $500M Deal

Chardan NextTech Acquisition 2 Corp. (NASDAQ:CNTQ) has entered into a definitive agreement to combine with energy storage firm Dragonfly Energy at an enterprise value of $500.1 million, representing a 2.0x EV/2023E revenue multiple. Reno, Nevada-based Dragonfly creates lithium-ion batteries equipped with a proprietary battery management system that are currently used in recreational vehicles (RVs), marine
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Executive Network Partnering (ENPC) to Combine with Granite Ridge in $1.3bn Deal

Executive Network Partnering (NYSE:ENPC) has entered into a definitive agreement to combine with Texas oil and gas company Granite Ridge at an enterprise value of $1.3 billion, or 3.1x its 2022E EBITDA. Dallas-based Grey Rock Investment Partners plans to contribute oil and gas assets from its portfolio funds to Granite Ridge as a part of
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SPAC IPO Terms Tracker: Halfway through the Month

May 14, 2022 INTEL by sam.beattie
Terms Tracker for the Week Ending May 13th, 2022 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 May 13th, we saw two new S-1 registration statement, one more than last week and four IPOs, doubling the week prior.
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The Latest SPAC News and Rumors: May 13, 2022

 


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

Latest SPAC News: Martin Franklin warns of more pain to come for SPACs, ShiftPixy announces special distribution of shares of Industrial Human Capital, and Betclic owner targets €7B Amsterdam listing


SPAC Pioneer Franklin Sees More Pain Coming for Blank-Check Bets

Serial blank-check investor Martin Franklin is warning of more pain to come for SPACs, recommitting to his notion that the market for the vehicles is overheated and should be governed by the same guidelines as initial public offerings. ...READ MORE

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Kingswood Acquisition Corp. (KWAC) Signs LOI with Wentworth Management Services

Kingswood (NASDAQ:KWAC) announced this morning that it has entered into a non-binding letter of intent (LOI) to combine with broker dealer service platform Wentworth ahead of an extension vote.

Wentworth describes itself as a “special purpose vehicle to acquire and hold interests in broker dealers” with a long-hold strategy meant to capture economies of scale to serve financial institutions and advisors. ...READ MORE

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The Latest SPAC News and Rumors: May 12, 2022

 


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

Latest SPAC News: Lordstown Motors and Foxconn enter JV agreement for EV development, D-Wave delivers industry-first hybrid solver, and Gogoro releases 1Q results


Lordstown Motors and Foxconn Close Asset Purchase Agreement and Enter into JV Agreement for MIH Based EV Development

Lordstown Motors Corp. ...READ MORE

Kensington Capital IV (KCAC.U) to Combine with Amprius in $939M Deal

Kensington IV (NYSE:KCAC.U) has entered into a definitive agreement to combine with lithium-ion battery-maker Amprius at an enterprise value of $939 million. Sunnyvale, California-based Amprius is developing silicone anode batteries to take the place of existing lithium-ion designs in small electronics and EVs. The combined company is expected to trade on the NYSE under the
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New SPAC: CE Energy Acquisition Corp. Files for $100M IPO

CE Energy Acquisition Corp. (NASDAQ:CEAC) filed its S-1 on Monday afternoon, representing only the second SPAC to file in May thus far, and has an offering size of $100M. Given its name, it comes as no surprise that CE Energy intends to focus their search for a target business in the energy industry, but it
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InterPrivate II (IPVA) to Combine with Getaround in $900M Deal

InterPrivate II (NYSE:IPVA) has entered into a definitive agreement to combine with carsharing marketplace Getaround at an enterprise value of $900 million, or 3.9x its 2023E revenue. San Francisco-based Getaround allows users to rent out their cars to short-term renters in a similar model as Airbnb (NASDAQ:ABNB). The combined company is expected to trade on
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The Latest SPAC News and Rumors: May 11, 2022

 


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

Latest SPAC News: French media group Banijay to go public via Arnault-backed SPAC, Gensler says SPAC retreat shows concern about risk, and Gogoro to launch in Israel


French TV Producer Banijay to Go Public Via Arnault-Backed SPAC

French media group Banijay will go public through a merger with a blank-check acquisition firm backed by billionaire Bernard Arnault in a deal worth more than 4 billion euros ($4.21 billion), an executive at its parent company said on Tuesday. ...READ MORE

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The Latest SPAC News and Rumors: May 10, 2022

 


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

Latest SPAC News: Goldman Sachs and BofA scale back on SPACs, and American Express Global Business Travel announces first quarter earnings date


Goldman Sachs and Other Big Banks Hit SPAC Pause Button as Market Shifts and New Regulations Loom

Goldman Sachs Group Inc. ...READ MORE

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Lakeshore I (LAAA) to Combine with ProSomnus in $168M Deal

Lakeshore Acquisition I Corp. (NASDAQ:LAAA) has entered into a definitive agreement to combine with medical device company ProSomnus at an enterprise value of $168 million, or approximately 4.3x projected FY 2023 revenue of $38 – 40 million, at the midpoint. Pleasanton, California-based ProSomnus customizes oral appliance therapy devices to treat obstructive sleep apnea. Precision oral appliance therapy is
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Tiga (TINV) to Combine with Grindr in $2.1B Deal

Tiga Acquisition Corp. (NYSE:TINV) has entered into a definitive agreement to combine with LGBTQ+ social network Grindr at an enterprise value of $2.1 billion. Los Angeles-based Grindr is the top social network for the LGBTQ+ community, providing users with unrivaled access, resources, and opportunities to connect. The combined company is expected to be completed in
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Artisan Acquisition Corp. (ARTA) Shareholders Approve Prenetics Deal

Artisan (NASDAQ:ARTA) announced this afternoon that its shareholders have voted to approve its combination with genomic and diagnostic testing company Prenetics Group Limited in a special meeting held yesterday.

Although today’s 8-K filing did not disclose redemption numbers, ARTA traded above its trust value throughout its redemption deadline May 5, and saw a high of $10.10 yesterday. ...READ MORE