S-4 Filing

The SPAC raised $400 million in a March 2021 IPO to target the industrial, transportation & mobility, consumer and retail sectors for a business combination.

Many blank-check firms that will not close a deal before their 2023 deadlines and seek to dissolve before the new year are motivated by a desire to avoid the 1% excise tax on stock redemptions and buybacks that goes into effect in January.

The SPAC raised $100 million in a December 2021 IPO to target fintech companies with an equity value of approximately $300 million to $500 million.

Plastiq is expected to add approximately $320 million to its balance sheet, assuming no Colonnade shareholder redemptions. 

If approved, the SPAC would be able to liquidate before a 1% excise tax on stock redemptions goes into effect in January.

The proposed transaction under consideration is based on Metaviso having an enterprise value of $140 million to $160 million, subject to due diligence.

Flame holds approximately $289 million cash in trust. The deal is further supported by a $71.5 million PIPE and the SPAC is pursuing additional private investment funding.

The all-stock transaction would form a company with an initial equity value of approximately $228 million, translating into an enterprise value of approximately $145 million, assuming no shareholder redemptions.

The SPAC raised $300 million in a January 2021 IPO with plans at that time to focus on a business in the industrial technology, transportation and smart mobility industries.

The SPAC in March scrapped a merger agreement with Gett, a corporate ground transportation management technology platform.