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Revelation Biosciences Merging with Petra Acquisition in $128M Deal
Terms call for Revelation to receive the $73 million of cash in Petra's trust.
49 Leading Law Firms Rail Against Investment Company Act Lawsuits Targeting SPAC Industry
Rare is the day when 49 lawyers manage to agree on any subject, much less 49 law firms. Yet that's the number of firms that united in a joint statement today denouncing the recent lawsuits filed against SPACs by a Yale law professor and a former SEC commissioner.
Forbes Merging with SPAC Magnum Opus in $630M Deal
Forbes will be capitalized with up to $145 million in cash.
Apollo Seeks $500M Fund to Invest in SPACs: Report
Apollo's fund, one of the first of its kind, will buy stakes in the IPOs and private placements of SPACs, as well as provide liquidity to SPAC managers by acquiring their founder shares,
U.S. Attracts European IPOs at the Fastest Pace Since 2000: Report
The flood of trans-Atlantic listings is prompting governments and stock exchanges across Europe to fight back by making IPOs at home more attractive, especially for early-stage companies.
Branson’s Virgin Orbit Merging with NextGen Acquisition in $3.2B Deal
If approved, upon closing the transaction is expected to provide the combined company up to $483 million in cash.
Fanatics Wins MLB Trading-Card License, Pitching a Screwball That Strikes Out Topps’ SPAC Deal
The SPAC, Mudrick Capital II, filed an 8-K this morning announcing termination of the $1.3 billion deal following reports that Topps' rival, Fanatics, was just awarded exclusive licensing agreements with Major League Baseball, the National Basketball Association and the National Football League.
Tech Giant Twilio Pumping Money Into SPAC Deal with Syniverse: Report
Twilio's motivation is to give M3-Brigade SPAC shareholders the confidence not to redeem their stock and to stabilize the SPAC’s share price.
Hagerty and Aldel Financial Merging in $3.13B Deal
The transaction is expected to deliver up to $820 million of gross proceeds to the combined company
Bill Ackman’s SPAC Gets Sued: Report
Pershing Square Tontine Holdings, the SPAC run by the billionaire hedge-fund investor Bill Ackman, got sued this morning in a case that could have far-reaching implications for the SPAC industry.