spac merger news today

FREYR is targeting development of up to 43 GWh of battery cell production capacity in Norway by 2025 to position the Company as one of Europe’s largest battery cell suppliers. The combined company will operate as GCM Grosvenor Inc. and expects its Class A common stock to be listed on the NASDAQ stock exchange. GMHI -    Luminar, the global leader in automotive lidar technology powering the introduction of highway autonomy, today announced it has entered into a definitive agreement to merge with Gores Metropoulos. Upon closing of the business combination, the combined company will operate as Ouster, Inc., and is expected to remain listed on the NYSE under the ticker symbol “OUST”. The transaction represents a pro forma equity value of $1.4 billion for the combined company upon closing which will be named “FREYR Battery”. The transaction values Opendoor at an enterprise value of $4.8 billion, and is expected to provide up to $1.0 billion in cash proceeds, including a fully committed PIPE of $600 million and up to $414 million of cash held in the trust account of Social Capital Hedosophia Holdings Corp. II. The transaction values Butterfly at an enterprise value of approximately $1.5 billion and is expected to deliver up to $589 million of gross proceeds, including up to $414 million of cash held in Longview's trust account (assuming no redemptions are effected). Lightning eMotors is the market share leader in Class 3-7 zero-emission vehicles and is the only manufacturer with a full line of battery and fuel cell zero-emission commercial vehicles on the road with blue-chip customers. Upon closing of the transaction, the combined company will be renamed Li-Cycle Holdings Corp. and will be listed on the New York Stock Exchange under the new ticker symbol “LICY.”. Sema4’s database includes more than 10 million patient genomic profiles and de-identified clinical records, integrated and delivered in a way that enables physicians to proactively diagnose and manage disease. For investors less familiar with thi REE has an orderbook comprised of signed indications of interest for over 250,000 platforms, representing 27% of their total cumulative expected revenue of $19.1 billion by 2026. LCA -  Landcadia Holdings II Inc. said Monday it will acquire Golden Nugget Online Gaming Inc., an online-gaming site, at a valuation of approximately $745 million. Transaction Values PLAYSTUDIOS at Approximately $1.1 Billion. In fiscal year 2019, Triterras Fintech generated $3.6 billion of transaction volume, $16.9 million of revenue, $14.8 million of EBITDA and $13.2 million of net income. The transactions are expected to close in the first quarter of 2021. Hyliion Inc., a leader in electrified powertrain solutions for Class 8 commercial vehicles. The fully electric vertical takeoff and landing aircraft is expected to be capable of traveling distances of up to 60 miles at 150 mph using technology available today and will transform how people approach everyday life, work and adventure, while benefiting the environment and a future zero emissions world. Shares of Decarbonization Plus Acquisition (NASDAQ:DCRB), a special purpose acquisition company (SPAC), were trading sharply higher on Monday morning. definitive business combination agreement. ROCH -  Roth CH Acquisition I Co. and PureCycle Technologies a leading innovator in polypropylene recycling, announced today that they have entered into a definitive merger agreement for a business combination.Additionally, ROCH today entered into definitive purchase agreements for a $250 million common stock PIPE transaction. Luminar, the global leader in automotive lidar technology powering the introduction of highway autonomy, announced plans to go public through a SPAC merger with Gores Metropoulos Inc. (NASDAQ:GMHI) valued at $3.4 billion. Lucid Motors SPAC merger hopes have investors on edge this week. FVAC - MP Materials, owner and operator of Mountain Pass, the only rare earth mining and processing site of scale in North America, today announced a definitive agreement to merge with Fortress Value Acquisition Corp. The vote results were ~94% in favor of the combination with ~6% voting against the merger, with 500 shares abstaining. GIK -  Lightning eMotors a leading provider of complete electrification solutions for commercial fleets, and GigCapital3, Inc. announced they have entered into a definitive agreement for a business combination that will result in Lightning eMotors becoming a publicly listed company. Cash proceeds raised in the transaction will be used to repay debt, fund operations, support growth and for general corporate purposes. Announces Additional Trust Account Contribution if Necessary…, AGBA Acquisition Limited Announces Additional Contribution to Trust Account to…, InterPrivate Announces Effectiveness of Registration Statement and Special Meeting Date…, Medicus Sciences Acquisition Corp. 2) The supply shortage of strategic battery materials. Announces Investigation of Fusion Acquisition…, Juniper Research Names Proofpoint a Leading Vendor in SMS Firewall…, LAWSUIT FILED: Block & Leviton LLP Has Filed a Lawsuit…, Kismet Acquisition Three Corp. The transaction is expected to close in the first half of 2021. The proceeds will be funded through a combination of Switchback’s approximately $317 million cash in trust, assuming no redemptions by Switchback stockholders, and a $225 million PIPE of common stock valued at $10.00 per share. High growth business with projected 2022 revenue of $555 million, a 57% CAGR from 2020. Arrival is producing EVs competitive in price with fossil fuel alternatives and substantially lower than comparable EVs. PO Box 122 Syosset, NY 11791 (516) 876-8006 team@dealflow.com LGVW -    Butterfly Network, Inc. innovative digital health company that is working to enable universal access to superior medical imaging, and Longview Acquisition Corp.  announced that they have entered into a definitive business combination agreement. Sharecare is uniquely positioned to transform the way people access, providers deliver, and employers and health plans administer high quality, cost efficient healthcare. Insiders are making a significant commitment of $200 million of the $600 million PIPE. Announces Pricing of $200 Million Initial…, SEGRO plc: SOFIBUS PATRIMOINE TENDER OFFER, Desktop Metal Completes Acquisition of EnvisionTEC, Entering Market for Volume…, Origin Materials, Market Leader in Disruptive Materials Technology, to Combine…,  New Vista Acquisition Corp Announces Pricing of Upsized $240 Million…, FS Development Corp. II, Sponsored by Foresite Capital, Announces Pricing…, Westlake Technology Holdings and Nowcom Corporation Come Together to Form…, ION Acquisition Corp 2 Ltd. Completes $253 Million Initial Public…, Broadmark Realty Capital Declares Monthly Dividend for February 2021, Ouster Announces Preliminary 2020 Revenue Results; Issues 2021 Guidance Ahead…, Foresight Acquisition Corp. The transaction implies an equity valuation for Skillz of $3.5 billion, or 6.3x projected 2022 revenue. Upon closing, the combined entity is expected to be listed under the new ticker symbol “EVGO”. SNPR - Volta Industries Inc., an operator of public electric vehicle charging infrastructure, and Tortoise Acquisition Corp. II  plan to merge. INAQ -  Metromile, Inc., the leading digital insurance platform and pay-per-mile auto insurer, and INSU Acquisition Corp. II announced that they have entered into a definitive business combination that will result in Metromile becoming a publicly listed company. The combined company, named MP Materials Corp., will have an estimated post-transaction equity value of approximately US$1.5 billion, and remain NYSE-listed under the new ticker symbol “MP.” MP Materials, SPAQ -  Electric car maker Fisker to go public through SPAC deal at $2.9 billion valuation. The transaction is expected to deliver approximately $648 million in cash at closing supported by a $415 million PIPE at $10.00 per share. An estimated 55% of global carbon emissions come from energy generation and transport, the other 45% come from the production of materials for consumer and industrial products. Announces Pricing of $80,000,000 Initial Public…, Quorum Software e Aucerna, pertencentes à Thoma Bravo, se Fundem…, SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of…, FinServ Acquisition Corp. II Announces Pricing of Upsized $265,000,000 Initial…, BREAKING TRIT NOTICE: ROSEN, A TOP RANKED LAW FIRM, Encourages…, Broadscale Acquisition Corp. Through its partnerships with market-leading suppliers and manufacturers, and the Company's commercial relationships with retailers, consumer goods companies, natural resource firms and governments, Hyzon has rapidly expanded its commercial reach with supply agreements to customers around the world. The SPAC that is reportedly involved is New York-based Churchill Capital Corp. IV, run by veteran Wall Street dealmaker Michael Klein. The transaction  is expected to be completed in the second quarter of 2021. DCRB stock is climbing Friday on news of the Hyzon SPAC merger. The business combination values ChargePoint at an implied $2.4 billion enterprise value. I Announces Pricing of Upsized $131 Million…, Reminder: Kessler Topaz Meltzer & Check, LLP Alerts Shareholders of…, CF Finance Acquisition Corp. II Announces Registration Statement Effectiveness and…, SciPlay to Report Fourth Quarter and Full Year 2020 Results…, Newborn Acquisition Corp. SPAC: GigCapital3 (NYSE: GIK) Private Company: Lightning eMotors Today, GigCapital3 and GIK stock were captivating investors. Ouster’s digital lidar now allows for low-cost customization that enables broad industry applications while maintaining a streamlined manufacturing process designed for scalability. Upon the transaction closing, the combined company will be named ChargePoint Holdings, Inc. and will be listed on the New York Stock Exchange (the “NYSE”). Announce Merger, combined company to remain listed on NYSE. Special purpose acquisition companies struck mergers worth more than $15bn on Monday, in a sign of how Wall Street’s euphoria for launching “blank-cheque” vehicles is … Composed of a talented team of engineers, designers, fabricators, and operators, Astra is committed to reshaping how the space industry works. The transaction is expected close 4th quarter of 2020. ACIC - Archer, a leading Urban Air Mobility company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, and Atlas Crest Investment Corp. announced they have entered into a definitive agreement for a business combination. Lion Electric expects to receive about $500 million of net cash. SPAC Merger: Driverless Car Startup Luminar To Go Public In $3.4 Bill Deal 2020/08/31. Hyzon is a differentiated, pure-play, independent mobility company with an exclusive focus on hydrogen in the commercial vehicle market. The deal is expected to close in the first half of 2021. The transaction reflects an implied enterprise value for the Company of approximately $1.3 billion. EVBox is a leading global provider of smart charging solutions for electric vehicles (“EV”) with Europe’s largest installed base of charging solutions and the most advanced cloud-based software offering. ACAC - PLAYSTUDIOS, Inc. an award-winning developer of free-to-play casual games for mobile and social platforms that offer real-world rewards to loyal players, and Acies Acquisition Corp. announced that they have entered into a definitive merger agreement that will result in PLAYSTUDIOS becoming a publicly listed company. The program lets players earn real-world rewards from a curated collection of over 80 partners and 275 entertainment, retail, travel, leisure, and gaming brands. However, the uncertainty of the SPAC merger has caused some volatility. Proterra Powered: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers. Upon closing Archer will be listed on the NYSE with ticker symbol “ACHR.”. The end of 2020 may be in sight but that isn’t stopping more and more SPAC merger news from coming out. Leveraging world leading data scientists using artificial intelligence and machine learning, the company is powering remarkable and unique insights that transform the practice of medicine and how disease is diagnosed, treated, and prevented. Announces Pricing of Upsized $150 Million Initial…, ???? Pro forma equity value of the merger is expected to be approximately $3.8 billion. Upon closing, the combined company will be named XL Fleet and is expected to remain listed on the New York Stock Exchange under a new ticker symbol, “XL”, IPOB -   Opendoor the pioneer and market leader in iBuying, has entered into a definitive business combination agreement with Social Capital Hedosophia Holdings Corp. II (NYSE: IPOB). The deal was first announced in October, and was originally expected to close before the end of its Q4 2020. By offering dedicated, point-to-point space delivery, Astra is enabling a wave of innovation in low Earth orbit. Source: Shutterstock In fact, this week brought major moves in more than nine special purpose acquisition companies. Upon closing, Leisure intends to change its name to Ensysce Biosciences, Inc. and remain on the Nasdaq Capital Market, listed under the new ticker symbol "ENSC". Founded in 2012, BARK loyally serves dogs nationwide with monthly subscription services, BarkBox and Super Chewer; a curated e-commerce experience on BarkShop.com; custom collections via its retail partner network, including Target and Amazon; wellness products that meet your dogs' needs with BARK Bright; and a personalized meal delivery service for dogs BARK Eats. With Lion buses on the road today and initial truck deliveries in process, Lion expects to quickly ramp up with 650 truck and bus deliveries planned for 2021  The transaction is expected to close in the first quarter of 2021, the combined company is expected to be listed on the New York Stock Exchange under the symbol “LEV”. The Lucid Motors SPAC merger rumors may have been the most powerful on Wall Street this week. The transaction is expected to close in the second quarter of 2021. Upon closing of the transaction, the newly created holding company will be re-named “PureCycle Technologies, Inc.” and will be listed on the Nasdaq Capital Market under the new ticker symbol "PCT". Volta's charging stations feature large eye-catching digital displays that function as a sophisticated media network, providing brands a way to reach millions of shoppers moments before they enter a store. The transaction is expected to be completed in the first quarter of 2021. PIC -  XL Fleet a leader in vehicle electrification solutions for commercial and municipal fleets, and Pivotal Investment Corporation II (NYSE: PIC), announced that they have entered into a definitive merger agreement. Bakkt’s differentiated and disruptive platform, soon to be made widely available through the new Bakkt App, will enable incremental consumer spending, reduce traditional payment costs and bolster loyalty programs. The combined company, which is expected to be listed on the Nasdaq under the symbol “ACHX”. The deal is expected to be completed by the end of the first half of 2021, pending approvals. Pro forma for the transaction, Momentus will have approximately $310 million in cash on the balance sheet, to be funded by Stable Road’s $172.5 million of cash held in trust (assuming no redemptions) and $175.0 million from a fully committed common stock PIPE at $10.00 per share, including investments from private equity growth investors, family offices and select top tier public institutional investors. Upon closing of the transaction, the combined company will be named Metromile, Inc. and is expected to remain listed on NASDAQ under the new ticker symbol “MLE”. The business combination is expected to close in late Q4 2020. Alight is a Leading Cloud-Based Provider of Integrated Digital Human Capital and Business Solutions, Serving More than 30 Million People and their Families. Pro forma equity value of the combined company is approximately $1.33 billion. On 1/8/2021 the company announced a pending merger with Celularity Inc., a clinical-stage biotechnology company, leading the next evolution in cellular medicine with the development of off-the-shelf allogeneic therapies derived from the postpartum human placenta It is anticipated that in 2020, Skillz’s patented technology will power over two billion casual esports tournaments and facilitate $1.6 billion in paid entry fees for games hosted on its secure and proprietary platform. This $200 million commitment includes $100 million from Chamath Palihapitiya, Founder and CEO of SCH, $58 million from Hedosophia, with the remainder invested by existing Opendoor shareholders, Access Industries and Lennar, along with Opendoor management. SHLL - Tortoise Acquisition Corp.   Hyliion Inc. and Tortoise Acquisition Corp. The Company has booked over 300,000 units across more than 35 states, with one in ten new multifamily apartments in the United States built with Latch in 2019. Upon closing the company will be listed on the NASDAQ under the ticker “REE”. 5 Channel Partner Program and MSP News Updates: Wednesday 10 ... Feb 10 2021. HCAC -   Hennessy Capital Acquisition Corp. IV announced they have entered into a definitive agreement for a business combination that would result in Canoo becoming a publicly listed company. Golden Nugget/Landry’s also announced plans to go public via a SPAC merger today. With a demonstrated technology advantage, leading fuel cell performance and a history of rapid innovation, Hyzon is catalyzing the adoption of hydrogen heavy vehicles. With more than 800 fast charging locations in 67 major metropolitan markets across 34 states, EVgo owns and operates the most public fast charging locations in the U.S. and serves more than 220,000 customers. Why TS Innovation Acquisitions Rose Over 50% Today The real estate SPAC announced a merger with contactless building lock system maker Latch. Approximately $675 million of gross proceeds that are expected from the transaction will be used to fund production of the Endurance and its innovative in-wheel electric hub motor design Transaction includes a $500 million fully committed PIPE, which includes $75 million of investments by General Motors in addition to investments from institutional investors.

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