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Ticketing Platform SeatGeek Merging with RedBall Acquisition in $1.35B Deal
The company will receive proceeds of $575 million cash held in trust, along with $90.5 million from a committed PIPE and $9.5 million from a committed PIPE of a warrant.
TradeZero Merging with Dune Acquisition in $566M Deal
The cash portion of the transaction will be funded by Dune’s trust of $172.5 million (assuming no redemptions).
Broadband Operator Starry Merging with FirstMark Horizon Acquisition in $1.66B Deal
Starry would receive $452 million in cash (assuming no SPAC redemptions), including $130 million from a fully committed PIPE.
Rigetti Computing Merging with Supernova Partners Acquisition II in $1.5B Deal
Terms call for the combined company to receive approximately $458 million in gross cash proceeds.
Helix Acquisition Merging with MoonLake Immunotherapeutics in $620M Deal
In addition to the $115 million held in Helix Acquisition's trust (assuming no redemptions), the transaction also includes commitments for a $115 million PIPE.
Amicus Therapeutics Spinning Off $400M Gene Therapy Business into ARYA Sciences Acquisition IV
Amicus is separating its gene therapy business into a new entity that will be acquired by ARYA IV. The transaction will result in two independent publicly traded companies.
SEC Cracks Down a Second Time on SPAC Equity Accounting Treatment: Report
SEC staff have privately told top auditors of SPACs that "redeemable" shares issued by these shells must be treated as temporary - known as "mezzanine" - equity, in a break from the long-standing industry practice of treating them as permanent equity.
EV Car Company Polestar Merging with Gores Guggenheim in $20B Deal
Terms call for a $250 million PIPE and the approximately $800 million in the Gores Guggenheim trust, assuming no redemptions.
Cerberus Again Postpones Vote on KORE Wireless Deal After Cash Scramble
The SPAC in a news release last week said it would delay the vote until today, noting that 90.39% of its public shareholders had already redeemed their shares.
Digital Freight Platform Transfix Merging with G Squared Ascend I in $1.1B Deal
The transaction includes a minimum cash condition of $200 million to seal the deal.