Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Andreessen Horowitz backs Adam Neumann’s real estate firm Flow, and Babylon said to mull take-private not long after SPAC deal
Silicon Valley Giant Andreessen Horowitz Backs Adam Neumann’s Real Estate Firm Flow
Venture capital giant Andreessen Horowitz said on Monday it would be investing in Adam Neumann’s residential real estate company Flow, backing the WeWork Inc (NYSE:WE) co-founder who has often drawn criticism for his allegedly erratic management style.
The investment was announced in a blog post by Marc Andreessen, co-founder and general partner at the venture capital firm. The blog did not disclose the financial details of the investment.
WeWork ultimately went public last year through a merger with a SPAC in a deal that valued the office-sharing startup at $9 billion, a steep drop from the $47 billion it was worth in 2019.
Babylon Weighs Take-Private Not Long After SPAC Deal
The owners of Babylon Holdings Ltd. (NYSE:BBLN) are starting to consider the possibility of taking the health tech company private, less than a year after it went public, people familiar with the matter said.
Babylon, founded by its Chief Executive Officer Ali Parsa, has been holding preliminary discussions with some investors about how to address a crumbling share price that’s wiped almost $4 billion off its value since its October listing in New York, the people said. It went public via a merger with Alkuri Global Acquisition Corp., a SPAC, run by former Groupon Inc. executives.
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Terms Tracker for the Week Ending January 27, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. We’re coming up on the end of January, the first month of the year, and to-date no new S-1s have been filed. Additionally, the number...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Circle spokesperson denies blaming SEC for failed deal, BuzzFeed CEO says AI-powered content will be part of core business, and FaZe Clan faces possible delisting Circle Spokesperson Denies Blaming SEC for Failed $9 Billion Deal...
Health Sciences 2 (NASDAQ:HSAQ) announced that it closed its combination with Orchestra BioMed on January 26. HSAQ ahead of its vote pre-announced redemption figures of 1,597,888 shares equating to 67.7% redemptions, however, that’s still subject to change. However, today it was noted that Orchestra BioMed is to receive $70 million in gross proceeds including $20...
Carbon capture technology has long been talked about, and it is finally in operation with LanzaTech among the pioneers. Its plants are turning potential emissions into clothing, household goods and sustainable fuels. SPAC cash is now also an accelerant in this new process as the company announced a $1.7 billion combination with AMCI II last March. This week, we caught up with...
In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributor Anthony Sozzi. Thirty months does not sound like that long, but it’s been a...