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DFP Healthcare Acquisitions to Merge with The Oncology Institute in $842M Deal
In addition to the approximately $230 million held in DFP's trust account, healthcare investors including Fidelity Management & Research Company, Deerfield Management and Redmile Group have committed to a $275 million PIPE.
Spinning Eagle Acquisition Files for Upsized $2B IPO with Nasdaq Rule Change
The filing includes a provision that if the SPAC does not use all capital in trust for an initial business combination it may choose to reallocate the remaining cash and spin off a new publicly traded SPAC, taking advantage of a change in Nasdaq rules.
BuzzFeed Merging with 890 5th Avenue Partners in $1.5B Deal
BuzzFeed also announced that it plans to acquire Complex Networks - a global youth entertainment company - from Hearst and Verizon.
Innovid Merging with ION Acquisition 2 in $1.3 Billion Deal
Innovid is focused on developing technology infrastructure for the creation, delivery, and measurement of TV ads across connected TV (CTV), mobile TV and desktop TV.
Embark Trucks Merging with Northern Genesis Acquisition II in $5.2B Deal
The transaction provides approximately $614 million in gross cash proceeds, including $414 million of cash held by the SPAC in trust (assuming no redemptions) and a $200 million fully committed common stock PIPE.
Pear Therapeutics Merging with Thimble Point Acquisition in $1.6B Deal
The deal is expected to provide approximately $400 million in gross proceeds to Pear, including up to $276 million of funds held in Thimble Point’s trust and a $125 million upsized PIPE.
Ackman’s SPAC Explains Investment Rationale on $4B Universal Music Deal
Bill Ackman's Pershing Square Tontine Holdings released a presentation on its website that further describes the transactions involving Universal Music Group.
AgTech Company Local Bounti Merging in $1.1B Deal with Leo Holdings III
Local Bounti will receive up to $400 million in gross proceeds (assuming no redemptions), including $125 million from a PIPE.
Mirion Technologies Merging with GS Acquisition Holdings II in $2.6B Deal
In addition to the approximately $750 million of cash held in the SPAC's trust account, additional investors have committed to participate in the transaction through a $900 million private placement. In addition to a $200 million anchor PIPE investment, Goldman Sachs has provided an additional $125 million equity commitment to be used as a backstop.
QualTek to Go Public in Merger with Roth CH Acquisition III in $829M Deal
The transaction will be funded by Roth CH III’s cash in trust, an effective full equity roll-over from existing QualTek ownership, a $66 million PIPE and a $44 million private placement.