Sustainable materials are starting to take a bite out of the share of single-use plastics in circulation, but replacing the full $600 billion plastics market is going to take more innovation and much more capital.
This week, we speak Brian Gordon, President and COO of Verde Bioresins and Jin-Goon Kim, Chairman and CEO of TLGY Acquisition Corporation (Nasdaq: TLGY). The two announced a $433 million combination in June.
Brian explains why he believes Verde is closer to scaling up a viable plastic replacement than many of its competitors, while Jin-Goon explains how TLGY designed this transaction to be accountable to private equity-style benchmarks and also be attractive to SPAC investors through the de-SPAC process.
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Marti Technologies, Inc. (NYSE:MRT), which merged with Galata Acquisition Corp. in July, announced this afternoon that it has launched an exchange offer to purchase its Class A ordinary shares for $0.10 in cash. The company is also soliciting consents to amend the warrant agreement to redeem each warrant that is not tendered in connection with...
Global Partner Acquisition Corp. II (NASDAQ:GPAC) has entered into a definitive agreement to combine with lithium manufacturer Stardust Power for a pro forma implied enterprise value of $490 million. Greenwich, Connecticut-based Stardust Power is a development stage manufacturer of battery-grade lithium products designed to supply the EV industry and help secure America’s leadership in the energy transition....
Genesis Growth Tech (OTC Pink:GGAAF) disclosed in a 8-K filing that it has entered into a definitive agreement to combine with digital therapeutics firm Mind Maze in a $21 million deal to purchase the company’s intellectual property. Lausanne, Switzerland-based Mind Maze is developing digital therapeutics to delivery neurological treatments through video game-like interfaces. Transaction Overview...
At the SPAC of Dawn Crypto has been a popular, but a somewhat niche sector for SPACs in recent years that appeared to have fallen out of favor as scandals rocked major exchanges and prices for major cryptocurrencies and tokens plummeted. Only one crypto SPAC deal has been announced since August 2022 but four remain...
Colombier Acquisition Corp. II (NYSE: CLBR.U) announced the pricing of its upsized $150 million IPO this evening. Its units are expected to begin trading on the NYSE under the symbol “CLBR.U” on Tuesday, November 21, 2023. After the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to...