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Arrival (ARVL) Calls For Cash Redemption of Warrants

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Arrival (ARVL) Calls For Cash Redemption of Warrants

Jun 18, 2021 INTEL by Marlena Haddad
Electric vehicle (EV) manufacturer Arrival (NASDAQ:ARVL) disclosed in a press release today that it had elected to redeem its public warrants for cashless exercise at a price of $11.50. Arrival, which was the combination company of CIIG Merger Corp (NASDAQ:CIIG), and de-SPAC’d on March 19, 2021, currently has 12,937,493 public warrants outstanding. Registered holders of
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Leo Holdings III Corp. (LIII) to Combine with Local Bounti in $757M Deal

Jun 18, 2021 INTEL by Nicholas Alan Clayton
Leo III (NYSE:LIII) has entered into a definitive agreement to combine with indoor agriculture company Local Bounti at an enterprise value of $757 million, or 1.6x its 2025E revenue. Hamilton, Montana-based Local Bounti sells leafy greens out of indoor farms designed with technology to achieve record harvest turnarounds and 90% less land and water. The
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Hudson Executive (HEC) Shareholders Approve Talkspace Deal

Jun 17, 2021 INTEL by Marlena Haddad

Hudson Executive Investment Corp. (NASDAQ:HEC) shareholders announced in a press release today that its shareholders approved its combination with virtual behavioral healthcare company Talkspace at a special meeting earlier today.

The press release did not mention redemption amounts, but stated that 94.51% of the votes cast, representing approximately 74.05% of HEIC’s outstanding shares, voted to approve the business combination with Talkspace. ...READ MORE

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The Latest SPAC News and Rumors: June 17th, 2021

Jun 17, 2021 INTEL by Marlena Haddad

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

Farming startup Infarm is in talks to merge with Kernel SPAC while Fusion in talks to launch new blank-check company and aims to list in London

Infarm Is in Talks to Go Public Via Merger with Kernel SPAC

Indoor farming startup Infarm is in advanced talks to go public through a merger with blank-check firm Kernel Group Holdings Inc. ...READ MORE

GS Acquisitions Holdings Corp II (GSAH) to Combine with Mirion Technologies in $2.6Bn Deal

Jun 17, 2021 INTEL by Nicholas Alan Clayton
GS II (NYSE:GSAH) has entered into a definitive agreement to combine with nuclear services and radiology firm Mirion at an enterprise value of $2.56 billion, or 13.3x its 2022E EBITDA. San Ramon, California-based Mirion provides radiation detection equipment and services to sectors ranging from nuclear power generation to defense and nuclear medicine. The combined company
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Crescent Acquisition Corp. (CRSA) Shareholders Approve LiveVox Deal with Heavy Redemptions

Jun 17, 2021 INTEL by Marlena Haddad
Crescent Acquisition Corp. (NASDAQ:CRSA) shareholders have approved its combination with LiveVox, but redemptions wiped out 61% of the SPAC’s trust in connection with the vote yesterday. The parties now expect to close the deal June 18, after which its shares and warrants will trade on the Nasdaq under the symbols “LVOX” and “LVOXW,” respectively. SPACs
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Roth CH Acquisition III (ROCR) to Combine with QualTek in $829M Deal

Jun 16, 2021 INTEL by Nicholas Alan Clayton
Roth CH III (NASDAQ:ROCR) has entered into a definitive agreement to combine with telecom services QualTek at an enterprise value of $829 million, or 7.8x its 2021E EBITDA. Blue Bell, Pennsylvania-based QualTek builds and services telecom and renewable power infrastructure out of 80 operation centers across the US and Canada with over 5,000 employees. The
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DraftKings (DKNG) Targeted in New Hindenburg Short-Seller Report

Jun 15, 2021 INTEL by Nicholas Alan Clayton
Financial investigations shop Hindenburg Research is nothing if not industrious. Right on the heels of news that both the CEO and CFO of electric vehicle (EV)-maker Lordstown (NASDAQ:RIDE) would be stepping down following an internal investigation prompted by a Hindenburg report, its team struck again, this time with DraftKings in its sights. It claims that
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The Latest SPAC News and Rumors: June 15th, 2021

Jun 15, 2021 INTEL by Marlena Haddad

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

SPAC market resurfaces, SEC taps law professor to run unit that reviews SPACs, Hims & Hers buys Honest Health, and India plans to build framework for SPACs

 

SPAC IPO Market Slowly Resurfaces With Play-It-Safe Accounting

The blank-check companies that captivated Wall Street for a year are playing it safe with their accounting as the market slowly recovers from a financial reporting crackdown that halted IPOs. ...READ MORE