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The Latest SPAC News and Rumors: July 15, 2021
by Marlena Haddad on 2021-07-15 at 11:58am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Britishvolt considers London listing, Eli, Peyton Manning-backed BBQGuys in talks with Velocity, and Hong Kong’s Prenetics plans $1.3 billion SPAC merger

U.K. Electric-Car Battery Startup Now Considering London Listing

Britishvolt Ltd., which is about to start building the U.K.’s first giant battery factory, is considering listing on the London Stock Exchange to help finance the 2.6 billion-pound ($3.6 billion) project that could play a major role in helping the nation reduce carbon emissions from transportation, according to Bloomberg.

A decision on whether to list in London or New York will be made within three months, Orral Nadjari, founder and CEO of Britishvolt, said in an interview. The company was due to decide by the end of June whether to list in the U.S. through a merger with a SPAC, but it’s chosen to extend the deadline.


Eli, Peyton Manning-Backed BBQGuys in Talks With Velocity 

Online grill retailer BBQGuys is in talks to go public through a merger with Velocity Acquisition Corp., according to Bloomberg.

The combined company is set to be valued at around $900 million, including debt. Unlike some other recent SPAC transactions, there will be no PIPE raised to support the deal.


Hong Kong Biotech Start-Up Prenetics Plans $1.3 Billion SPAC Merger

Hong Kong biotech company Prenetics is set to merge with Artisan Acquisition in a deal that will value the new entity at $1.3 billion or more, according to CNBC.

The transaction is expected to close by the end of this year. The SPAC is already traded on the Nasdaq under the ticker ARTAU.


Beware of SPAC Listings, EU Market Watchdog Tells Investors

The European Securities and Markets Authority (ESMA) said that SPACs “may not be appropriate for all investors” due to risks from dilution, conflicts of interests and uncertainty as to the identification and evaluation of the target company.



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