SPACs Attack

Wag Labs, Inc., which recently announced it would publicly trade through a merger with special purpose acquisition company CHW Acquisition Corp. (NASDAQ: CHWA), reported a Q4 revenue increase of 238% year-over-year to $8.1 million and net loss improved to $(2.7) million from $(4.1) million in 4Q20...

Perfect Corp, an Asian startup, agreed to go public via a special purpose acquisition company (SPAC) merger with Provident Acquisition Corp (NASDAQ: PAQC). Perfect is the world's leading provider of AI and AR SaaS solutions to the beauty and fashion industries. The...

Revelation Biosciences Inc (NASDAQ: REVB) says that it observed a significant decrease in viral load with the prophylactic treatment of REVTx-99 in models of COVID-19 infection. What Happened: REVTx-99 was assessed for prophylactic antiviral activity against delta variant infection in three...

Senti Biosciences Inc, the synthetic biology play helmed by MIT whiz Tim Lu, will be merging with Farokhzad's Dynamics Special Purpose Corp (NASDAQ: DYNS) in a deal set to deliver $296 million in gross proceeds. Senti Bio uses its Gene Circuit platform to program cell and gene...

Biopharmaceutical company Alvotech Holdings SA plans to list on NASDAQ under the symbol ALVO by merging with a blank-check company backed by Oaktree Capital Management, in a deal that values the combined entity at around $2.25 billion. The Company will receive gross proceeds of $450...

SPAC merger partner Kin Insurance reported third-quarter financial results before the market open Wednesday. What Happened: Kin Insurance, which is merging with Omnichannel Acquisition (NYSE: OCA), reported third-quarter gross written premiums of $26.7 million, a 534% year-over-year...

Broadband internet service provider Starry Inc aims for a public listing via the special purpose acquisition company (SPAC) merger with FirstMark Horizon Acquisition Corp (NYSE: FMAC). Boston's Starry and the venture capital firm FirstMark backed SPAC would have a...

The connected vehicle company Wejo is set to go public via special purpose acquisition company Virtuoso Acquisition Corp (NASDAQ: VOSO) in a $1.1-billion deal.  The pent-up demand from original equipment manufacturers ultimately led Wejo to go public via the SPAC route, Wejo CEO...

Amicus Therapeutics Inc (NASDAQ: FOLD) has agreed to spin off its gene therapy business to Sciences Acquisition Corp IV (NASDAQ: ARYD) and launch genetic medicine company Caritas Therapeutics Inc. ARYA Sciences Acquisition Corp IV is SPAC, sponsored by Perceptive...

BlackSky Technology Inc (NYSE: BKSY) began trading on the New York Stock Exchange Friday following the successful completion of its merger with special purpose acquisition company, Osprey Technology Acquisition Corp. Palantir Technologies Inc (NYSE: PLTR) co-founder Peter Thiel was a...

Ag-tech company Benson Hill is set to go public via special purpose acquisition company Star Peak Corp II (NYSE: STPC) in a $1.35 billion deal.  Benson Hill is a food technology company focused on crop innovations that help produce better food ingredients, Matt...

GreenLight Biosciences Inc is combining with a special-purpose acquisition company to go public in a deal that values the RNA-technology firm at about $1.5 billion. GreenLight is merging with Environmental Impact Acquisition Corp (NASDAQ: ENVI), which is backed by investment...

The months of June and July were among the busiest for SPAC merger votes so far in 2021. August is now filling up with several deal votes happening each week. Many of the July merger votes acted as catalysts with shares seeing sharp increases or decreases on their last few days trading under...

CM Life Sciences III Inc (NASDAQ: CMLT), the third SPAC backed by Eli Casdin’s Casdin Capital LLC and Keith Meister’s Corvex Management LP, is set to merge with EQRx Inc (NASDAQ: EQRX). The stock will list on NASDAQ under the EQRX symbol. The transaction is expected...

Kin Insurance is set to go public via special purpose acquisition company Omnichannel Acquisition Corp (NYSE: OCA) in a deal with a pro forma enterprise value of approximately $1.03 billion. Sean Harper, co-founder and CEO of Kin Insurance, and Matt Higgins, chairman and CEO of...