UTA Acquisition Corp. (UTAAU) Prices $200M IPO

Dec 1, 2021 IPOs by Marlena Haddad

UTA Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “UTAAU” Thursday, December 2.

The new SPAC intends to focus its search on businesses in gaming, but also across related areas within the broader digital media, creator economy, entertainment, and technology landscape. ...READ MORE

Broadscale Acquisition Corp. (SCLE) to Combine with Voltus in $816M Deal

Dec 1, 2021 INTEL by Marlena Haddad

Broadscale Acquisition Corp. (NASDAQ:SCLE) has entered into a definitive agreement to combine with software engineering platform Voltus at an enterprise value of $816 million, or about 4.8x its 2023E revenue. The San Francisco-based company provides a platform that connects distributed energy resources to electricity markets, allowing customers to monetize and optimize excess power in the
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The Latest SPAC News and Rumors: December 1, 2021

Dec 1, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: DraftKings and Kindbridge Research Institute advance veterans-focused gaming research, and Cvent announces new independent board members

DraftKings and Kindbridge Research Institute Advance Veterans-Focused Responsible Gaming Research

DraftKings Inc. ...READ MORE

Apex Terminates Northern Star Investment Corp II (NSTB) Deal

Dec 1, 2021 INTEL by Kristi Marvin

Northern Star Investment Corp. II (NASDAQ:NSTB) announced this morning that it had been notified by Apex Fintech Solutions LLC (“Apex”), that they were terminating their business combination agreement. This deal had a condition in their agreements where either side could terminate if the combination had not closed by November 30, 2021. Northern Star II initially
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Atlantic Coastal Acquisition Corporation (ACAH) to Combine with Essentium

Dec 1, 2021 INTEL by Nicholas Alan Clayton

Atlantic Coastal (NASDAQ:ACAH) has entered into a definitive agreement to combine with additive manufacturing firm Essentium at an enterprise value of $974 million, or 4.6x its 2023E revenue. College Station, Texas-based Essentium provides machines that can remotely print tools and parts for the defense sector as well as a variety of civilian clients. The combined
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PROOF Acquisition Corp. I (PACI.U) Prices Upsized $240M IPO

Dec 1, 2021 IPOs by Marlena Haddad

PROOF Acquisition Corp. I announced the pricing of its upsized $240 million IPO and its units are expected to begin trading on the NYSE under the symbol “PACI.U” Wednesday, December 1. ...READ MORE

TLGY Acquisition Corp. (TLGYU) Prices Upsized $200M IPO

Dec 1, 2021 IPOs by Marlena Haddad

TLGY Acquisition Corp. announced the pricing of its upsized $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TLGY” Wednesday, December 1.

The new SPAC intends to focus its search on the global biopharma or technology-enabled business-to-consumer (“B2C”) industries. ...READ MORE

TPG Pace Solutions Corp. (TPGS) Shareholders Approve Vacasa Deal

Dec 1, 2021 INTEL by Marlena Haddad

TPG Pace Solutions Corp. (NYSE:TPGS) secured shareholder approval of its combination with vacation rental management platform Vacasa in a special meeting yesterday. TPG Pace pre-announced the preliminary vote result on Monday, but the full story will be told in redemption figures, which have not yet been released. The SPAC noted that investors can still revoke
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Aurora Acquisition Corp. (AURC) Revises Better Deal

Dec 1, 2021 INTEL by Nicholas Alan Clayton

Aurora (NASDAQ:AURC) has announced revisions to its combination with proptech firm Better that would replace equity financing with convertible notes. Instead of a $1.5 billion PIPE and a $278 million backstop, the transaction will now be funded by a $750 million bridge note that will convert to equity at close on terms that have not
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Capitalworks Emerging Markets Acquisition Corp. (CMCAU) Prices $200M IPO

Nov 30, 2021 IPOs by Marlena Haddad

Capitalworks Emerging Markets Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CMCAU” Wednesday, December 1. ...READ MORE

Roth CH Acquisition V Co. (ROCLU) Prices $100M IPO

Nov 30, 2021 IPOs by Marlena Haddad

Roth CH Acquisition V Co. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ROCLU” Wednesday, December 1. ...READ MORE

Thimble Point Acquisition Corp. (THMA) Shareholders Approve Pear Therapeutics Deal

Nov 30, 2021 INTEL by Marlena Haddad

Thimble Point Acquisition Corp. (NASDAQ:THMA) announced in an 8-K filing today that it secured shareholder approval of its combination with digital treatment provider Pear Therapeutics in a special meeting today. Although Thimble Point did not disclose redemption amounts, THMA traded below $10 throughout its redemption deadline November 26. However, it hit a 52-week high of
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Altimeter Growth Corp. (AGC) Shareholders Approve Grab Deal

Nov 30, 2021 INTEL by Marlena Haddad

Altimeter Growth Corp. (NASDAQ:AGC) secured shareholder approval of its combination with Asian ride-hailing service Grab in a special meeting today. Altimeter disclosed that holders of just 8,565 shares exercised their right to redeem their shares for cash at a redemption price of approximately $10.00 per share, representing an aggregate redemption amount of $85,654.47, or just 0.017%
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The Latest SPAC News and Rumors: November 30, 2021

Nov 30, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Bullish obtains regulatory license in Gibraltar, and Ackman will need new law to beat lawsuit, investor says

Bullish Goes Live With Institutional Customers After Obtaining Regulatory License in Gibraltar

Bullish, a blockchain-based cryptocurrency exchange, today announced the initial launch of its platform to select institutional customers, following the receipt of a distributed ledger technology license from the Gibraltar Financial Services Commission (GFSC). ...READ MORE

Adit EdTech Acquisition Corp. (ADEX) to Combine with Griid in $3.3Bn Deal

Nov 30, 2021 INTEL by Nicholas Alan Clayton

Adit EdTech (NYSE:ADEX) has entered into a definitive agreement to combine with bitcoin self-mining company Griid Infrastructure at an enterprise value of $3.3 billion, or about 2x its 2023E revenue. The New York-based company operates three bitcoin mining operations in the US powered by an electricity mix that is 70% carbon-free. The combined company is
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GigCapital4 (GIG) Arranges Another Backstop

Nov 30, 2021 INTEL by Marlena Haddad

GigCapital4 (NASDAQ:GIG) announced in an 8-K yesterday that it has agreed to a backstop with AE BBAI Aggregator, LP and reduced its pro forma enterprise valuation ahead of its combination with BigBear.ai. The AE Subscriber has committed to purchase an aggregate number of shares of GIG of up to $75 million. This means that AE
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ION 2 (IACB) Shareholders Approve Innovid Deal

Nov 30, 2021 INTEL by Marlena Haddad

ION Acquisition Corp 2 Ltd. (NYSE:IACB) secured shareholder approval of its combination with ad delivery platform Innovid in a special meeting yesterday.

The combination was approved by 97.4% of participating shares, but it also saw 19,585,174 shares redeemed, removing about 77.4% of the value of its trust, estimated at $253 million heading into the vote. ...READ MORE

Canna-Global Acquisition Corp. (CNGLU) Prices $200M IPO

Nov 29, 2021 IPOs by Marlena Haddad

Canna-Global Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “CNGLU” Tuesday, November 30.

The new SPAC intends to focus its search on target business addressing a large market opportunity with a company that is driving its growth in the medicinal cannabis or cannabinoid industry, which is compliant with all applicable laws and regulations within the jurisdictions in which it is located or operates. ...READ MORE

The Latest SPAC News and Rumors: November 29, 2021

Nov 29, 2021 INTEL by Marlena Haddad

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

Latest SPAC News: Boxed acquires MaxDelivery and Revelation Biosciences announces creation and appointments to scientific advisory board

Boxed Expands into Fast, Fresh Grocery Delivery with Acquisition of MaxDelivery

Boxed, an e-commerce grocery platform which sells bulk consumables and licenses its e-commerce software to enterprise retailers, today announced the signing of a definitive agreement to acquire MaxDelivery, one of New York’s first on-demand grocery delivery services. ...READ MORE

Seven Oaks (SVOK) Adds FPA to Boxed Deal

Nov 29, 2021 INTEL by Marlena Haddad

Seven Oaks (NASDAQ:SVOK) announced this morning that it has supplemented the financing for its business combination with e-commerce grocery platform Boxed by adding a forward purchase agreement.

An affiliate of Atalaya Capital Management, a privately-held alternative investment advisory firm that focuses primarily on private credit and special opportunities investments, has agreed to an FPA of up to $100 million with Seven Oaks. ...READ MORE