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Deal Announcements & Amendments
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2022-11-23 at 4:49pm
Venus Acquisition Corp. (NASDAQ:VENA) announced this afternoon that it has secured an investor for a backstop agreement in connection to its business combination with VIYI Algorithm. Venus and its sponsor, Yolanda Management Corporation, entered into a backstop agreement with Joyous JD Limited to purchase VENA shares from third parties through a broker in the open market, or
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2022-11-23 at 8:41am
Metals Acquisition Corp. (NYSE:MTAL) announced that it has made a series of amendments to its combination the Glencore’s (LON:GLEN) CSA Copper Mine, shifting some portions of the compensation to contingencies based on commodity prices. The mine is now to be acquired with at least $775 million in cash, which may be expanded to $875 million
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2022-11-22 at 1:52pm
Western Acquisition Ventures Corp. (NASDAQ:WAVS) has entered into a definitive agreement to combine with cybersecurity firm Cycurion at an enterprise value of $170.4 million. The McLean, Virginia-based company provides cybersecurity services primarily to US government clients. The combined company is expected to trade on the Nasdaq once the deal is completed in the first quarter
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2022-11-22 at 1:44pm
Hainan Manaslu Acquisition Corp. (NASDAQ:HMAC) has entered into a definitive agreement to combine with brand management company Able View at an estimated enterprise value on a pro-forma basis of approximately $400 million. Shanghai-based Able View is a cross-border brand management company focusing on beauty and personal care segments. The combined company is expected to trade on the Nasdaq
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2022-11-22 at 11:43am
CIIG Capital Partners II (NASDAQ:CIIG) has entered into a definitive agreement to combine with Zapp Electric Vehicles Limited at a fully-diluted post-transaction enterprise value of $573 million. London-based Zapp aims to redefine the electric two-wheeler segment through its i300 bike. The combined company is expected to trade under the symbol “ZAPP” on the Nasdaq once the deal is
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2022-11-22 at 10:12am
Forest Road II (NYSE:FRXB) has entered into a definitive agreement to combine with transportation technology developer HyperloopTT at an enterprise value of $397 million. Los Angeles-based HyperloopTT is developing systems for fast travel between sites and cities with projects being explored on four continents. The combined company is expected to trade under the symbol “HYPE”
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2022-11-21 at 11:30am
Industrial Tech II (NASDAQ:ITAQ) has entered into a definitive agreement to combine with renewable energy producer NEXT Renewable Fuels, Inc. (“NEXT, “NXT” or the “Company”) at an enterprise value of $530 million, or 0.9x its 2025E EBITDA. Houston-based NEXT is developing plans to build a renewable aviation fuel refinery in Oregon that would supply clients
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2022-11-21 at 9:27am
PropTech Investment II (NASDAQ:PTIC) announced this morning that it has entered into a forward purchase agreement (FPA) for an OTC Equity Prepaid Forward Transaction with Vellar Opportunity Fund for its recently approved combination with rental marketplace Appreciate. For the terms of the agreement, Vellar intends to purchase shares of PTIC II Class A common stock
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2022-11-17 at 11:42am
Goal Acquisitions Corp. (NASDAQ:PUCK) has entered into a definitive agreement to combine with payment platform Digital Virgo at an enterprise value of $513 million. Lyon, France-based Digital Virgo provides on-demand video, sports and gaming content to users that is payable via their phone bills. The combined company is expected to trade on the close in
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2022-11-17 at 9:00am
Sagaliam (NASDAQ:SAGA) has entered into a definitive agreement to combine with Arabian Entertainment at an enterprise value of $227.3 million, or 8.7x its 2024E EBITDA. The Jeddah, Saudi Arabia-based company is a regional franchisee of Applebee’s and Ocean’s Basket restaurants with plans for live entertainment projects in the works. The combined company is expected to
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