This morning VectoIQ, which intends to combine with Nikola Motors, filed an 8-K this morning containing a new presentation slide deck. This deck is intended to accompany the analyst day scheduled for Monday, April 6. This virtual event is for sell-side analysts with interest in covering Nikola once the deal with VectoIQ closes. At first blush, the presentation is essentially the same as the one that was released on March 3, 2020, when the business combination was announced. I could only find some slight changes to the timeline for production rollouts, with some milestones pushed out a few months.
These changes have to be expected with everything going on right now and frankly should be understandable. They also added a fifth section to the presentation called the Business Model Walkthrough (slide 38), which is a deeper dive into the key drivers and assumptions. This effort is to guide the sell-side analysts as they build their financial models. I will dig into those over the weekend and come back to you next week.
At the SPAC of Dawn The SPAC market has been feeling considerable wind under its sails since the cycle reset last summer, but that does not mean it is smooth sailing for all portions of the process. All three SPACs that held votes yesterday wound up adjourning or postponing them, suggesting that getting through a...
Columbus Circle I (NASDAQ:CCCM) has entered into a definitive agreement to combine with ProCap Financial as part of a raise of about $1 billion in capital for the target company. ProCap aims to build a Bitcoin treasury that will eventually provide the backing for a financial institution providing investment banking services. The combined company is...
At the SPAC of Dawn SPACs have a busy week of votes ahead of them with six special meetings to approve extensions and three to complete business combinations. JVSPAC (NASDAQ:JVSA) is set to kick off the run of deal votes tomorrow as it seeks approval to tie things up with Southeast Asian hospitality chain Hotel101....
Terms Tracker for the Week Ending June 20, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Two more SPACs priced IPOs this week, one each from Cohen and Cantor. That brings June’s IPO count to five and the 2025 year-to-date tally...
CSLM Digital Asset (NASDAQ:KOYNU) has filed for a $200 million IPO to hunt for a crypto transaction with a team that includes veterans from a variety of other SPAC efforts. The new SPAC sports 1/2 warrants in units and will have 24 months to initially close a business combination. It becomes the 16th SPAC that...