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Solid Power Merging with Decarbonization Plus III in $1.2B Deal
Solid Power is expected to have approximately $600 million in cash, including a $165 million fully committed PIPE.
Boxed Merging with Seven Oaks Acquisition in $900M Deal
The combined company is expected to receive $334 million in cash from a combination of Seven Oaks’ trust of $259 million, as well as a $120 million PIPE.
SIGNA Sports United Merging with Yucaipa Acquisition in $3.2B Deal
The transaction is expected to deliver up to approximately $645 million of gross proceeds through the contribution of up to $345 million of cash held in the SPAC's trust account and a $300 million PIPE.
GPS Company NextNav to Combine with Spartacus Acquisition in $1.2B Deal
The deal is expected to provide approximately $408 million in gross proceeds, including a $205 million fully committed PIPE.
Valo Health and Khosla Ventures Acquisition Merging in $2.8B Deal
The new company is expected to have a pro forma cash balance of approximately $750 million before deducting transaction expenses, including existing Valo cash of approximately $250 million, approximately $333 million of net cash held in KVAC's trust, and a $168.5 million PIPE.
Smart Charging Provider Wallbox Merging with Kensington Capital II in $1.5B Deal
The transaction would deliver proceeds of approximately $330 million to Wallbox, including a $100 million fully committed PIPE anchored by Janus Henderson Investors, Luxor Capital, Cathay Innovation and Kensington Capital Partners.
Wall Street Grapples with New SPAC Equity Contracts After SEC Crackdown: Report
SPAC executives are discussing jettisoning warrants in favor of rights agreements, or dramatically restructuring the warrants after the SEC said many equity warrants should be considered liabilities.
FinServ Shareholders Approve $1B Katapult Deal
Total consideration paid to Katapult’s existing shareholders would be $833 million.
Banking App Dave Merging with VPC Impact Acquisition Holdings III in $4B Deal
Terms call for Dave to receive $254 million of cash held in VPCC’s trust account and a $210 million PIPE.
Ackman’s Pershing Square in Talks to Buy $4B Stake in Vivendi’s Universal Music: Report
Billionaire William Ackman's Pershing Square Tontine Holdings is in talks to buy 10 percent of Universal Music Group in a deal that would value the label at $40 billion and make it the largest ever investment by a blank check vehicle, Reuters reports.