Deal Announcements & Amendments
2024-02-22 at 2:50pm

Moringa (NASDAQ:MACA) has entered into a definitive agreement to combine with clinical-stage biotech firm Silexion at a pre-transaction equity value of $62.5 million. Modi’in-Maccabim-Reut, Israel-based Silexion is developing a range of potential cancer treatments with its most advanced efforts targeting pancreatic cancer. The combined company is expected to trade on the Nasdaq once the deal...

2024-02-22 at 10:47am

AltEnergy (NASDAQ:AEAE) has entered into a definitive agreement to combine with automotive parts manufacturer Car Tech at a yet undisclosed enterprise value. Opelika, Alabama-based Car Tech manufactures stamped metal parts that make up automotive chassis and bodies for car makers. The combined company is expected to trade on the Nasdaq once the deal is completed...

2024-02-20 at 2:58pm

SDCL EDGE (NYSE:SEDA) has entered into a definitive agreement to combine with copper alloy manufacturer cunova at an enterprise value of $736 million, or 9.4x its 2023E adjusted EBITDA. Osnabrück, Germany-based cunova manufactures copper casts, fittings and conductivity products for the industrial, defense and aerospace sectors. The combined company is expected to trade on the...

2024-02-20 at 10:29am

Acri Capital (NASDAQ:ACAC) has entered into a definitive agreement to combine with electronics manufacturer Foxx for $50 million in share compensation. Texas-based Foxx provides communication terminals and IoT services to the telecom sector as well as consumer electronics for retail buyers. The combined company is expected to trade on the Nasdaq once the deal is...

2024-02-14 at 11:38am

ARYA IV (NASDAQ:ARYD) has entered into a definitive agreement to combine with Adagio Medical at an enterprise value of $113 million. Laguna Hills, California-based Adagio has developed a line of smart and flexible catheters that can non-invasively inspect and treat heart disorders by accessing them through veins. The combined company is expected to trade on...

2024-02-13 at 4:20pm

Digital World‘s (NASDAQ:DWAC) saga-length journey gained a new chapter this week as the team added several new pages to the “Risk Factors” section of its amended S-4, each concerning internal fights that could potentially derail the deal’s close. The first threatening call from inside of the house is coming from Digital World’s former chairman and...

2024-02-13 at 2:04pm

99 Acquisition (NASDAQ:NNAG) has entered into a definitive agreement to combine with healthcare chain Nava Health for $320 million in equity consideration. Columbia, Maryland-based Nava runs a chain of health centers combining traditional remedies with medical treatments. The combined company is expected to trade on the Nasdaq once the deal is completed in the second...

2024-02-09 at 12:23pm

Digital World Acquisition Corp. (NASDAQ:DWAC) has added a $50 million PIPE made up of convertible notes that convert to units at $8 per unit bearing one common share and a half warrant. The notes overall fit the terms that the SPAC hinted at when it disclosed it had finalized the dissolution of its original $1...

2024-02-09 at 10:48am

Flame (NYSE:FLME) tipped in an 8-K this morning that only 150,823 shares were redeemed by the deadline ahead of its February 12 vote to complete its combination with Sable Offshore, demonstrating that fundamental investors are still sticking to some SPAC deals. Assuming this figure holds, Flame will have completed the deal with just 79.2% redemptions,...

2024-02-07 at 11:55am

Perception Capital Corp. III (NASDAQ:PFTA) has entered into a definitive agreement to combine with clean energy company RBio Energy for about $350 million in equity consideration. RBio plans to acquire and develop biogas energy projects in the Pacific Northwest from its perch in Washington state. The combined company is expected to trade on the Nasdaq...

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