New SPAC Raises $200 Million on Amsterdam Exchange, First in 2022
A special purpose acquisition company or SPAC, Luxembourg-based GP Bullhound Acquisition I SE, raised 200 million euros ($229 million) on Friday on the Amsterdam Euronext, the first SPAC listing on the exchange in 2022. SPACs are shell companies that raise money in an initial public offering (IPO) and put it in a trust for the […]
Italian space company D-Orbit to go public via SPAC at a $1.4 billion valuation
Italian space transportation and services company D-Orbit announced plans Thursday to go public via a SPAC, in a deal that values the venture at $1.4 billion. The deal is expected to add as much as $185 million in cash to D-Orbit’s balance sheet – raising about $88 million through debt, a $5.5 million PIPE (private […]
Pegasus Asia, Tikehau Capital-backed SPAC, debuts in Singapore
A special purpose acquisition company (SPAC), backed by European asset manager Tikehau Capital and a holding firm of LVMH Chairman Bernard Arnault, became the second SPAC to list in Singapore on Friday as Asia investors warm to blank check firms. Pegasus Asia, sponsored by Tikehau Capital and Financiere Agache, Arnault’s holding firm, raised SUS$170 million […]
Palihapitiya-backed SPAC to take biotech ProKidney public in $2.6 billion deal
Biotech ProKidney LP will merge with a blank-check firm backed by veteran dealmaker Chamath Palihapitiya to go public in a deal valuing the combined entity at $2.64 billion, the companies said on Tuesday. The merger with Social Capital Suvretta Holdings Corp III will hand ProKidney up to $825 million in gross proceeds to advance the […]
Former PlayStation Exec Launches $225M Gaming SPAC
The former chief executive officer of Sony Computer Entertainment America, who helped make the PlayStation a popular gaming console, is leading a $225 million special-purpose acquisition company that’s pursuing a deal in the video game industry. Jack Tretton, who started his career at Sony in 1995, is now the CEO of PowerUp Acquisition Corp., according to a prospectus filed […]
EToro’s valuation dips over 15% to $8.8 bln after amended SPAC deal
Betsy Cohen-backed blank-check company FinTech Acquisition Corp V said on Thursday it had amended the terms of its merger with Israel’s eToro, cutting the online stock brokerage’s valuation to $8.8 billion from $10.4 billion. The deal with the blank-check company was announced in March and drew investments from venture capital firms SoftBank’s Vision Fund 2, Fidelity […]
Oaktree SPAC to Merge With Pharma Company in $2B Deal
Oaktree Acquisition Corp. II will merge with Alvotech Holdings, a global biopharmaceutical company, to take the company public in the United States. The deal values the combined company at about $2.25 billion, including debt. Alvotech will get gross proceeds in excess of $450 million, including a $150 million equity placement led by investors such as […]
India’s Byju’s in talks to go public via SPAC deal at $48 bln valuation
Tiger Global-backed Byju’s is in talks for a U.S. listing through a deal with veteran dealmaker Michael Klein’s blank-check firm that could value the Indian edtech firm at $48 billion, a source told Reuters on Thursday. Discussions with Churchill Capital’s special-purpose acquisition company (SPAC) about the deal, that could happen in mid-2022, are in advanced […]
Fluor’s nuclear energy unit NuScale to go public via $1.9 bln SPAC deal
Fluor Corporation said on Tuesday its nuclear energy unit NuScale Power plans to go public by merging with a blank-check firm in a deal that values the combined entity at $1.9 billion, including debt. Fluor said the deal with Spring Valley Acquisition Corp, a special purpose acquisition company, would provide NuScale with $413 million in gross […]
Footprint to go public in $1.6 bln deal with Gores-backed SPAC
Materials science company Footprint Inc has agreed to go public through a merger with a blank-check firm led by billionaire Alec Gores, in a deal that values the combined entity at about $1.6 billion including debt, the companies said on Tuesday. Footprint, founded in 2014, offers plant-based solutions to help companies cut carbon emissions and […]
