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Core Scientific Merging with Power & Digital Infrastructure Acquisition in $4.3B Deal
The deal is expected to provide in excess of $300 million in net cash proceeds to Core Scientific.
BBQGuys Merging with Velocity Acquisition in $963M Deal
Estimated cash proceeds are expected to consist of Velocity’s $230 million of cash in trust.
Ackman’s Pershing Square SPAC Cancels $4B Universal Music Deal Over SEC Scrutiny
Ackman said the decision was based on concerns raised by the SEC over whether Pershing's post-deal IBC structure would qualify under NYSE rules.
Fathom Digital Manufacturing Merging with Altimar Acquisition II in $1.5B Deal
The acquisition will be funded through a combination of Altimar's cash in trust and an $80 million fully committed common stock PIPE. The SPAC raised $300 million in a February IPO.
SaaS Company ServiceMax Merging with Pathfinder Acquisition in $1.4B Deal
The transaction is expected to deliver approximately $335 million of gross proceeds to the combined company.
Self-Driving Tech Company Aurora to Merge with Reinvent Technology Partners Y in $13B Deal
The combined company is expected to have approximately $2.5 billion in cash at closing.
HeartFlow Merging with Longview Acquisition II in $2.4B Deal
The transaction is expected to deliver up to $599 million of gross proceeds.
SEC Charges Stable Road and Momentus for Misleading Disclosures Ahead of Merger; Fines Exceed $8M
The SEC announced charges against Stable Road Acquisition, its CEO and sponsor, the SPAC’s proposed merger target Momentus and Momentus’s founder and former CEO Mikhail Kokorich for misleading claims about Momentus’s technology and national security risks associated with Kokorich.
Lithium Battery Maker SES Merging with Ivanhoe Capital Acquisition in $3.6B Deal
The transaction values the combined company at a pro forma implied equity value of approximately $3.6 billion (inclusive of a $300 million earn-out) with total expected gross proceeds of $476 million (assuming no redemptions by Ivanhoe shareholders).
Lionheart Acquisition II Merging with MSP Recovery in $32.6B Mega Deal
The transaction is anticipated to generate gross proceeds of up to approximately $230 million of cash, assuming no redemptions by Lionheart’s public stockholders.