The stock market stallions
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 in 2021. The completed merger has 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.…
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, 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.…
In early February, The Beachbody Company announced its intentions to merge with both Forest Road Acquisition Corp. (NYSE: FRX) and Myx Fitness in a reverse merger. The merger will see the combined company trading on the NYSE under the ticker “BODY”.…
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 rumoured to be in talks with luxury fitness brand Equinox Holdings regarding a merger opportunity, according to a Bloomberg report. The report notes the transaction could value the combined company at $7.5 Billion or more.…