SPAC Mergers

Virgin Orbit merger

Here’s 3 things to take away from the Virgin Orbit merger news

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. II (NASDAQ: NGCA). The proposed merger …

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SRNG is set to merge with Ginkgo Bioworks – here’s what you need to know

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. Ginkgo Bioworks program living cells to utilise their potential across a vast …

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BeachBody stock forecast (NYSE:BODY) – will the stock bounce back?

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. On the 28 June, Beach Body Company had their …

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What SoFi’s Q2 earnings miss means for investors

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%. So where did the company fall short? SoFi’s net loss widens …

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VACQ merger

Vector Acquisition (NASDAQ:VACQ) closes in on merger with RocketLab

On the 1st of March, Vector Acquisition Corp (NASDAQ: 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 …

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Polestar stock

Is the rumoured Polestar merger the next CCIV SPAC opportunity?

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. Nevertheless, speculators jumped …

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SNPR merger

Tortoise Acquisition II (NYSE:SNPR) closes in on merger with Volta

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 …

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KVSB merger

SPAC company KVSB targets social networking company Nextdoor

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 …

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THCB merger

Tuscan Holdings (THCB) closes in on merger target Microvast

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. The stock has outperformed over the past month, …

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NGCA merger

Will NextGen Acquisition II (NASDAQ: NGCA) merge with Virgin Orbit?

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. The transaction values Virgin Orbit at …

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