Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Cvent nears $5 billion SPAC deal, Penske, ROUSH CleanTech, and Proterra announce new collaboration for F-650 electric commercial trucks, and ChargePoint to acquire has·to·be
Cvent Nears $5-Billion-Plus SPAC Deal
Cvent Inc. has agreed to merge with a SPAC in a deal that would take the event-management software company public, according to The Wall Street Journal.
Cvent is slated to merge with Dragoneer Growth Opportunities Corp. II in a transaction that values the private-equity-owned company at more than $5 billion including debt.
Cvent is owned by private-equity firm Vista Equity Partners, which took the company private in 2016 in a $1.65 billion deal.
Penske, ROUSH CleanTech, and ProTerra Announce New Collaboration for Next-Generation F-650 Electric Commercial Trucks
Three leaders in clean transportation solutions — ROUSH CleanTech, Penske Truck Leasing, and Proterra Inc — today announced a new collaboration under which Proterra (NASDAQ: PTRA) will supply its industry-leading battery technology to ROUSH CleanTech for the development of its next-generation Ford F-650 all-electric commercial truck.
READChargePoint Announces Agreement to Acquire Leading European E-Mobility Technology Provider has·to·be in Transaction Valued at €250 million
ChargePoint Holdings, Inc. (NYSE:CHPT), a leading electric vehicle (EV) charging network operating in North America and Europe, today announced it has signed a definitive agreement to acquire has·to·be, an e-mobility provider with a leading European charging software platform.
This transaction comes as Europe is among the fastest-growing markets for EV sales worldwide.
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Priveterra Acquisition Corp. (NASDAQ:PMGM) announced in an 8-K this morning that it plans to adjourn its special meeting to approve its combination with AEON Biopharma from noon today to the same time June 9. The SPAC plans to use this time to further engage with its shareholders as the ballot includes a variety of additional...
Latest Non-Redemption Agreements: EVe Mobility EVe Mobility Acquisition Corp. (EVE) Adds Non-Redemption Agreement On June 5, 2023, EVe Mobility Acquisition Corp. (NYSE:EVE) and the Sponsor entered into non-redemption agreements with unaffiliated third party investors, pursuant to which the Investors have, in connection with the Extension Meeting, agreed not to redeem, or to reverse and revoke any prior...
Latest SPAC Liquidations: ST Energy Transition I, MELI Kaszek Pioneer Corp. ST Energy Transition I Ltd. (STET) to Liquidate on June 7 ST Energy Transition I Ltd. (NYSE:STET) announced today that the Board of Directors has elected to dissolve and liquidate the company. Net of taxes and dissolution expenses, the per-share redemption price for the...
Worldwide Webb Acquisition Corp. (NASDAQ: WWAC) announced this afternoon that it has secured a $5 million PIPE for its proposed merger with consultancy firm Aeries Technology. While most PIPEs are priced at $10 per share, Worldwide Webb’s $5 million subscription agreement was executed at just $4.48 per share in a private placement to be completed concurrently...
Metals Acquisition Corp. (NYSE: MTAL) announced this afternoon that its shareholders have approved its acquisition and business combination with the CSA Copper Mine from Glencore (LON:GLEN) at a special meeting held earlier today. The business combination and merger were overwhelmingly approved as both proposals received 27,538,130 shares in favor of it and just 455,506 shares against it. In...