Terms Tracker for the Week Ending May 28, 2021 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week's pricings. Ahead of the Memorial Day holiday, there were a total of five SPAC IPOs and nine new S-1 registration statements this past week, which is still on par with the previous week's filings. More
Virtuoso (NASDAQ:VOSO) has entered into a definitive agreement to combine with vehicle data tracker Wejo at an enterprise value of $800 million, or 2.5x its 2024E net revenue. Manchester, UK-based Wejo has developed a data analysis suite based on tracking connected cars for a wide array of clients seeking predictive intelligence of vehicle ownership, traffic flows and more. More
Northern Star Acquisition Corp (NYSE:STIC) announced that its shareholders have approved its combination with the leading global brand for dogs BarkBox at a special meeting earlier today. The parties expect to close the transaction on June 1, 2021. More
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Companies continue to go public with SPACs: FinTech Firms Finder and Stash weigh SPACs vs. More
Social Capital Hedosophia Holdings Corp. V (NYSE:IPOE) announced in an 8-K filing that its shareholders have approved its combination with fintech platform SoFi. The parties expect to close the transaction later today with the combined entity set to begin trading after the long weekend on June 1. More
SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among video and audio streaming services. We look at why they are compelling and why each could be a fit for a blank-check merger. More
OceanTech Acquisition I Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol "OTECU" Friday, May 28. The new SPAC aims to combine with a target valued at $250 million to $1 billion in the leisure marine, yachting or super-yachting industries. More
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Chamath Palihapitiya and SEC Chairman Gary Gensler call for more oversight on SPACs Wall Street's New Cop Signals More Scrutiny of Crypto, SPACs U. More
Locust Walk (NASDAQ:LWAC) has entered into a definitive agreement to combine with biopharmaceutical firm eFFECTOR at an enterprise value of $419 million. San Diego-based eFFECTOR has two clinical-stage and one preclinical drug candidates with potential use as cancer therapies. More
Pioneer Merger Corp. (PACX) has entered into a definitive agreement to combine with subscription-based financial wellness company Acorns at an enterprise value of $1.603 billion, or 12.7x 2021E revenues. The Irvine, California-based company is the largest subscription service in US consumer finance and its customers have the ability to invest in one of nine portfolios constructed with help from Nobel laureate economist Dr. More
