The Latest SPAC News and Rumors: November 1, 2021
by Marlena Haddad on 2021-11-01 at 11:28am

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

Latest SPAC News: Prison phone company Securus in talks to merge with Atlantic Avenue, Redbox signs content deal with Fremantle, and Singapore’s Novo Tellus files for blank-check IPO


Prison Phone Company Securus Is in SPAC Merger Talks

Tom Gores’s Platinum Equity is exploring strategic options for one of its most controversial investments, prison phone operator Securus Technologies Inc., and is in talks to take it public through a merger with a blank-check company, according to Bloomberg.

Atlantic Avenue Acquisition Corp. (NYSE:ASAQ), formed by middle-market lender MC Credit Partners, has approached Platinum about a potential deal to merge with Securus.

READ

Redbox Signs Content Deal With Fremantle to Further Rapid Expansion of Free Streaming Service

Redbox (NASDAQ:RDBX), a leading entertainment company, today announced it has signed a content deal with Fremantle to further accelerate the company’s free streaming service. The deal adds Free Ad Supported Television (FAST) channels which will make their debut on December 1. They include BUZZR, The Price Is Right: The Barker Era and the Baywatch channel.

Seaport Global Acquisition Corp. secured shareholder approval of its combination with home entertainment provider Redbox in a special meeting on October 21.

READ


Singapore’s Novo Tellus Files for Blank-Check IPO

Singapore buyout firm Novo Tellus Capital Partners has applied to list a SPAC with the city-state’s exchange, according to Bloomberg.

The technology and industrials-focused firm is planning to raise between S$200 million ($148 million) and S$250 million through an IPO of the blank-check company. The IPO could take place as soon as the end of this year.

READ


Revelation Biosciences Inc. Engages Partnering Advisor, MedWorld Advisors, to Optimize Value of the Company’s Diagnostic Tool, REVID

Revelation Biosciences Inc., a clinical-stage life sciences company that is focused on the development of immunologic based therapies and diagnostics for the prevention and treatment of disease, announced today that it has engaged MedWorld Advisors to optimize the value of Revelation’s diagnostic tool, REVID™.

Revelation recently announced that it has entered into a definitive merger agreement with Petra Acquisition, Inc. (NASDAQ:PAIC) for a business combination that will result in Revelation becoming a publicly traded company. The merger is expected to close in Q4 2021.

READ

 

Recent Posts
by Nicholas Alan Clayton on 2024-06-26 at 4:11pm

Goldenstone (NASDAQ:GDST) has entered into a definitive agreement to combine with hydrogen energy firm Infintium at an enterprise value of $130 million. Greer, South Carolina-based Infintium makes hydrogen fuel cell power packs for industrial fork lift clients. The combined company is expected to trade on the Nasdaq once the deal is completed in the first...

by Nicholas Alan Clayton on 2024-06-26 at 1:04pm

Coliseum (NASDAQ:MITA) has entered into a definitive agreement to combine with agtech firm Rain Generation Technology at an pre-money equity valuation of $45 million. Naples, Florida is working to commercialize technology that ionizes the air at select times to generate additional rainfall over a selected area. The combined company is expected to trade on the...

by Nicholas Alan Clayton on 2024-06-26 at 8:19am

At the SPAC of Dawn SPACs have been in the crosshairs in the past for potentially overstating targets’ exposure to AI or the firmness of future orders and projections. But, this morning a SPAC has entered into a combination with a literal “rainmaker” and that seems to be about as direct a description of what...

by Nicholas Alan Clayton on 2024-06-26 at 6:37am

Graf Global Corp announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE American under the symbol “GRAF.U”, Wednesday, June 26, 2024. The new SPAC plans to combine with a company that has stable free cash flow and that would benefit from its team’s strategies and...

by Nicholas Alan Clayton on 2024-06-25 at 3:55pm

Ault Disruptive (NYSE:ADRT) has entered into a definitive agreement to combine with defense contractor Gresham Worldwide (OTC:GIGA) at an enterprise value of $83 million. Scottsdale, Arizona-based Gresham provides electronic components and communication equipment to the defense and healthcare sectors through a series of subsidiaries. The combined company is expected to trade on the NYSE American...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved