Autonomous trucking startup Embark to go public in $5.2B SPAC deal
Five-year old self-driving truck startup Embark Trucks Inc. said Wednesday it would merge with special purpose acquisition company Northern Genesis Acquisition Corp. II in a deal valued at $5.2 billion. Embark takes a different approach to autonomous trucking: As opposed to manufacturing and operating a fleet of trucks themselves, which is the route rival TuSimple is […]
Online grocery retailer Boxed to go public via $900 million SPAC deal
Online bulk grocery retailer Boxed Inc said on Monday it would go public through a merger with blank-check firm Seven Oaks Acquisition Corp, in a deal valuing the equity of the combined firm at around $900 million. The transaction is expected to provide Boxed with about $334 million in net cash proceeds, including a $120 […]
Quantum-Si closes $1bn + SPAC deal with HighCape
Quantum-Si Incorporated (QSi), a specialist in next-generation semiconductor chip-based proteomics, has completed its business combination with HighCape Capital Acquisition Corp (HighCape), a special purpose acquisition company sponsored by leading healthcare growth equity manager HighCape Capital LP. The business combination and concurrent private placement, which were approved by HighCape’s stockholders at its special meeting held on […]
Palantir gets aggressive in SPAC investments, backing digital health, aviation and robot companies
Palantir’s latest investment was announced on Thursday, when Babylon Health said it’s going public through a special purpose acquisition company. A group of investors, including Palantir, committed to invest a combined $230 million into the Babylon transaction. Palantir has now agreed to at least six SPAC deals in less than three months. A SPAC is a blank-check […]
How Blue Owl’s $12.5B SPAC Deal Could Shape The Future Of Private Equity
What happens when you combine just about every major buzzword that has enveloped private equity in recent years in a single $12.5 billion transaction, one that underscores the many ways the industry has evolved and diversified away from its barbarian beginnings in the 1980s? Blue Owl Capital is about to find out. If you don’t […]
Biotech firm Roivant Sciences to go public via $7.3 billion SPAC deal
Roivant Sciences has agreed to go public through a merger with a blank-check firm backed by former KKR & Co Inc dealmaker Jim Momtazee, in a deal that values the Swiss biotech company at $7.3 billion. The deal with Montes Archimedes Acquisition Corp, a special purpose acquisition company (SPAC), is expected to deliver up to […]
Roivant Sciences Strikes SPAC Deal Valuing The Drug Company At $7.3 Billion
Seven years ago, Vivek Ramaswamy created Roivant Sciences with the aim of finding a new financial model for drug development. On Monday, Roivant Sciences announced it would be going public by merging with a special acquisition company in a deal that values Roivant at $7.3 billion. Montes Archimedes Acquisition Corp., a special acquisition company sponsored […]
Sky9 Capital portfolio company TuSimple lists on Nasdaq at USD8.49bn market capitalisation
Sky9 Capital, a venture capital firm investing in Chinese start-ups, has completed the flotation of its portfolio company TuSimple on the Nasdaq stock exchange today under the ticker symbol ‘TSP’ at a market capitalisation of USD8.49 billion TuSimple is the global leader in autonomous trucking and is revolutionising the USD4 trillion global truck freight market. […]
Vicarious Surgical to go public in $1.1B SPAC deal
Vicarious Surgical will go public through a $1.1 billion special purpose acquisition company (SPAC) deal, the robotic surgery pioneer announced today. Vicarious, which has sought to bring robotics and virtual reality to minimally invasive surgery, will trade on the New York Stock Exchange under the symbol RBOT after the merger with D8 Holdings. Hong Kong–based D8 […]
Boardroom Alpha launches SPAC research and data service
Boardroom Alpha, a ratings and analytics platform providing quantitative measurements of public company directors, CEOs and CFOs, has launched an intelligence tool for evaluating the performance of Special Purpose Acquisition Companies (SPACs). With the new service, investors and service providers can more thoroughly evaluate SPACs with comprehensive data and analytics on every SPAC, sponsor, executive […]
