Cantor Equity Partners Inc. (NASDAQ:CEP) has entered into a definitive agreement to combine with Twenty One Capital at an enterprise value of $3.6 billion, or 1x its future net asset value (NAV). Twenty One Capital aims to secure a sizeable Bitcoin holding and leverage it for financial services products as well as Bitcoin-focused media offerings....
Voyager (NASDAQ:VACH) has signed a definitive agreement to combine with biotech firm VERAXA at an enterprise value of $1.38 billion. Heidelberg, Germany-based VERAXA is developing cancer treatments with its most advanced candidate targeting acute myeloid leukemia (AML). The combined company is expected to trade on the Nasdaq under the symbol “VERX” once the deal is...
GSR III Acquisition Corp. (NASDAQ:GSRT) has entered into a definitive agreement to combine with nuclear reactor developer Terra Innovatum at a pro forma equity value of $475 million. Terra Innovatum is developing small modular nuclear reactor designs that it envisions employing in urban power supply applications. The combined company is expected trade on the Nasdaq under...
Papaya Growth (OTC:PPYA) has entered into a definitive agreement to combine with Brazilian energy firm PX Energy at an equity value of $155 million subject to adjustment based on fuel places leading into close. São Mateus do Sul, Brazil-based PX operates a petroleum refining, recycling and mining operation that produces both fuel and agricultural products....
Ares Acquisition Corporation II (NYSE:AACT) has entered into a definitive agreement to combine with autonomous trucking firm Kodiak at a pro forma enterprise value of $2.67 billion. Mountain View, California-based Kodiak has developed driverless heavy truck technology for the industrial, logistics and defense sectors. Transaction Overview Ares II has an estimated $556 million in trust...
International Media Acquisition Corp. (OTC:IMAQ) has entered into a definitive agreement to combine with energy firm VCI Biofuels Group at an enterprise value of $1 billion. Vietnam-based VCI aims to develop a production hub for sustainable aviation fuel for the Asian market. The combined company is expected to trade on the Nasdaq once the deal...
YHN I (NASDAQ:YHNA) has entered into a definitive agreement to combine with Mingde Technology for $396 million in equity consideration. Transaction Overview YHN I has an estimated $61.6 million in its current trust, having IPO’d in September 2024. It has until December 20, 2025 to complete a deal under its current deadline. The two sides...
HCM II (NASDAQ:HOND) has entered into a definitive agreement to combine with nuclear reactor developer Terrestrial Energy at a pro forma equity value of $1.3 billion. Charlotte, North Carolina-based Terrestrial is developing unique molten salt nuclear reactors designed to generate enhanced heat outputs for industrial client processes. The combined company is expected to trade on...
Cohen Circle I (NASDAQ:CCIRU) has entered into a definitive agreement to combine with telecom and digital services company Kyivstar at a pro forma equity value of $2.2 billion, or 3.6x its 2024E adjusted EBITDA. Kyivstar is the market-leading mobile operator and broadband provider in Ukraine with 2 million more users on its digital TV platform...
Relativity (NASDAQ:RACY) has entered into a definitive agreement to combine with wellness firm Instinct Brothers at a pro forma enterprise value of $242 million. Tokyo-based Instinct Brothers provides anti-aging treatments both through an in-person clinic and through consumer cosmetic products. The combined company is expected to trade on the Nasdaq under the symbol “BIOT” once...