News and Rumors
- PR: Medtech firm Agiliti (NYSE:AGTI) has agreed to be acquired by an affiliate of private equity firm Thomas H. Lee Partners (THL) at $10 per share and an enterprise value of $2.5 billion. This represents a 43% premium over the company’s 90-day VWAP and returns it to 100% ownership by THL five years after it combined with Federal Street at a $1.7 billion enterprise value.
- PR: Fintech AtlasClear (NYSE:ATCH) has completed the acquisition of Pacsquare Technologies, which will help it scale the group’s cloud customer engagement tools. AtlasClear closed a combination with Quantum FinTech on February 9.
- PR: Akili (NASDAQ:AKLI) has submitted its digital therapeutics SDT-001 for marketing approval in Japan, having received positive results in treating pediatric patients for ADHD in Phase III trials. Akili combined with Social Capital Suvretta I in August 2022.
- SpaceNews: Intuitive Machines (NASDAQ:LUNR) expects to communicate with its IM-1 Moon lander for just one more day as it appears to have tipped over and may not be able to regularly recharge itself via solar panels. The company made the historic first commercial soft landing on the moon last week, having combined with Inflection Point in February 2023.
At the SPAC of Dawn As a rough week in the market comes to a close, at least one de-SPAC has some cause to show off. Many fashion brands were among the hard hit in recent days and not simply for macro reasons. Luis Vuitton-owner LVMH (PA:MC) dropped this week after an earnings miss led...
Shepherd Ave Capital Acquisition Corp. (Nasdaq: SPHAU) is the latest SPAC to file to IPO, making 24 new registration statements that have filed since June 1, 2024. So far, only two of those 24 have gone public, but it does indicate an active August. In SPACLand at least, August is never slow. As for Shepherd...
At the SPAC of Dawn SPACs have now priced 20 IPOs seven months into 2024 with an eye on beating 2023’s total of 31 IPOs. With a little more than 5 months left in the year, it’s expected that SPACs should at least match that number by only needing to price roughly two IPOs per...
DT Cloud Star announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DTSQU”, Thursday, July 25, 2024. The new SPAC aims to combine with an established business with long-term financial visibility, but has not limited itself to a particular industry or sector....
Launch Two (NASDAQ:LPBBU) has filed for a $200 million IPO that shows how the market has shifted for new issuance since its sister SPAC Launch One (NASDAQ:LPAAU) filed just over a month ago. Both SPACs are underwritten by Cantor Fitzgerald and seeking nominally the same raise at IPO, but Launch Two is overfunding its trust...