The Next Generation of Investors
VPC Impact Acquisition Holdings (NYSE:VIH) is a Special Purpose Acquisition Company planning to take cryptocurrency exchange platform Bakkt public via a reverse merger. The merger was first announced in January this year and boasted an enterprise value of $2.1 Billion. The merger was expected to close out in the second quarter, however this has been delayed due to amendments made to the SEC.…
The rumoured SPAC merger between NextGen Acquisition II (NASDAQ:NGCA) and Richard Bransons Virgin Orbit has come to fruition in a $3.2 Billion deal. Virgin Orbit announced this morning that they have entered into a definitive agreement to become a publicly traded company through a business combination with NextGen Acquisition Corp.…
Soaring Eagle Acquisition Corp. (NASDAQ:SRNG) is set to merge with bio tech company Ginkgo Bioworks in a $15 Billion deal. The mammoth deal is expected to provide the biotech company $2.5 Billion in primary cash proceeds to fund future growth within multiple industries.…
In early February, The Beachbody Company announced its intentions to merge with both SPAC company Forest Road Acquisition Corp. (NYSE: FRX) and Myx Fitness in a reverse merger. The merger was valued at $2.9 Billion and was to raise approximately $420 million for the combined company.…
Social Finance (NASDAQ:SOFI) released their second quarter earnings at market close, reporting an EPS miss of $0.42. Despite the earnings miss, the company beat revenue expectations reporting a record $237.2 Million in adjusted revenue. The adjusted revenue beat indicates a YOY improvement of 74%.…
On the 1st of March, Vector Acquisition Corp (NASDAQ:Â VACQ) announced its plans to take Rocket Lab public via a reverse merger. Rocket Lab is an end to end, aerospace manufacturer and small satellite launch service.
To add to its credentials, in the history of spaceflight Rocket Lab is one of only two private companies that has delivered regular and reliable access to orbit, the other company being Elon Musk’s SpaceX.…
In early February, Reinvent Technology Partners (NYSE:Â RTP) announced a reverse merger with Joby Aviation. This announcement made waves on Wallstreet, as tech innovator Joby Aviation announced its plans to launch its Air Taxi service in 2024. The aviation company is now listed on the New York Stock Exchange under the ticker NYSE:JOBY.…
Finance giant SoFi (NASDAQ:SOFI) officially began trading on June 1st after the completion of their merger with Chamath Palihapitiya’s SPAC venture (NYSE:IPOE). This merger marks just one of the six SPAC ventures Billionaire owner Chamath is pursuing.
The completed merger raised $2.4 Billion in cash proceeds for SoFi to carry out their expansion strategy in 2021 and beyond.…
Last week, rumours circulated that EV maker Polestar were in merger talks with SPAC company Gores Guggenheim Inc (NASDAQ: GGPI). According to a Bloomberg article, the combined company valuation could be upwards of $25 Billion. The rumoured talks could still fall out as no clear deal has been made between the two parties.…
In February, Volta Industries Inc. announced its intentions to merge with Tortoise Acquisition Corp. II (NYSE:SNPR). The proposed merger will see the combined company list on the New York stock Exchange under the ticker symbol VLTA.
The merger has an implied equity value of over $1.4 Billion and is expected to provide the combined company $600 Million in cash proceeds.…
Khosla Ventures Acquisition Co. II (NASDAQ:KVSB) recently announced its intentions to merge with hyperlocal social networking service Nextdoor. The merger has a pro-forma equity value of $4.3 Billion, making it one of the larger SPAC mergers announced in 2021. The merger is expected to raise $686 million in gross proceeds which will “support new and existing growth initiatives” for the combined company.…
In early February, SPAC company Tuscan Holdings (NASDAQ:THCB) announced their intentions to merge with Lithium battery manufacturer Microvast. The highly anticipated merger has a post-transaction equity value of approximately $3 billion. The transaction will see the combined company trade on the NASDAQ under the ticker symbol MVST.…
A potential reverse merger between SPAC company NextGen Acquisition II (NASDAQ:NGCA) and Richard Bransons Virgin Orbit first came to light last week after a Sky News report. The report details Sir Richard Branson is in advanced talks with SPAC company NGCA to take the orbital launch service company public.…
Last week Mirion Technologies announced its proposed business combination with GS Acquisition Holdings Corp II (NYSE:GSAH). Mirion Technologies is a market leader in vital radiation detection and measurement with operations across 13 countries. The transaction has an enterprise value of $2.6 billion, which has caught the interest of investors on Wallstreet.…
Embark Trucks Inc, an autonomous vehicle (AV) software-as-a-service company announced their proposed merger with SPAC company Northern Genesis Acquisition II (NYSE:NGAB). The transaction has an implied enterprise value of $4.55 Billion and will provide the combined company $614 million in cash proceeds.…
Draftkings Inc (NASDAQ: DKNG) has experienced a turbulent year of trading, gaining 28% over the past 12 months. The company officially listed as public company on the 24th of April, after merging with the SPAC Diamond Eagle Acquisition. DraftKings has re-entered Wallstreets spotlight after Hindenburg Research disclosed they had taken a short position in DraftKings stock.…
Arrival (NASDAQ: ARVL) is an Electric Vehicle manufacturer based in London, United Kingdom. The company first peaked investor interest after announcing the reverse merger with SPAC company CIIG in November 2020. The merger was able to raise $660 million in gross proceeds for the business to fund its expansion strategy.…
Social Capital Hedosophia Holdings Corp VI (NYSE:IPOF) is the last instalment of Chamath SPAC ventures. Earlier this year, rumours broke that the SPAC was in talks with luxury fitness brand Equinox Holdings regarding a merger opportunity, cited from a Bloomberg report.…