The Lion Electric Company to go public via NGA spac companyThe Lion Electric Company and Northern Genesis Acquisition Corp. Announce Merger and Commitments for $200 Million in a PIPE; Combined Company Expected to be Listed on NYSE
- The Lion Electric Company ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles
- Pro forma implied market capitalization of the combined company of $1.9 billion, at the $10.00 per share PIPE subscription price and assuming no public shareholders of Northern Genesis exercise their redemption rights.
- Transaction includes a $200 million fully committed private placement of common shares in Lion (PIPE).
- The company is expected to receive approximately $500 million of net cash proceeds in connection with the transaction, comprised of $200 million from a PIPE and approximately $320 million of cash held in trust by Northern Genesis assuming no public shareholders of Northern Genesis exercise their redemption rights at closing.
- Completion of the proposed transaction is expected to occur in the first quarter of 2021.
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TransGlobe Energy Corporation Announces an AgreementTransGlobe Energy Corporation Announces an Agreement to Merge, Extend and Modernize Its Eastern Desert Concessions
Micro-cap TransGlobe Energy (TGA +45.1%) has reached an agreement with Egyptian General Petroleum to merge TransGlobe’s three existing Eastern Desert concessions into a new modernized concession agreement.
The merged concession will have a new 15-year development term and a 5-year extension option.
Improved netbacks and increased cash flows are expected to fund new investments in incremental recovery projects.
TGA will pay an initial equalization payment of $15M and signature bonus of $1M on ratification, with five further annual equalization payments of $10M each being made over five years (beginning Feb. 1, 2022 until Feb. 1, 2026).
finance.yahoo.com
Rush Street Interactive to go public via DMYT spac companyRush Street Interactive and dMY Technology Group to Combine to Create a Growing Publicly Traded Online Gaming Company
Combined company anticipated to have initial enterprise value of approximately $1.78 billion, plus an estimated over $235 million in net cash to fund growth strategy
Transactions include a $160 million committed PIPE at $10.00 per share led by Fidelity Management and Research Company
RSI projects approximately $320 million in revenue for 2021 fiscal year
The transaction is expected to close in 2020 . Upon closing, dMY intends to change its name to Rush Street Interactive, Inc. and its NYSE trading symbol to "RSI."
finance.yahoo.com
S&P Analysis Week of 12/13/2020: Will Selling Continue?S&P Analysis Week of 12/13/2020: Will Selling Continue?
Will the S&P continue to sell off this week or will it make new all time highs?
There has been a lot of whiplash and volatility over the year and last week was another good example. How many people thought they were in a good trade making profit only for the market to come back and take it away and some?
The market makers love to make investors look like fools and I expect that to continue this week.
My setups this week are pretty simple:
Trade #1 (long): This trade setup waits until we are back at all time highs. A break above this level (with a retest) would be a good bet we are going to see higher prices and/or a melt-up.
Note: Markets like to test the bottom of breakup candles and the top of breakdown candles. Do not be surprised or frustrated if price climbs back up to this point. It could just be a retest, which is why I would wait until we get above this breakdown candle. Also, price usually does not succeed on the first attempt. If price hangs out in this area after the first attempt, expect the market to plow through this level at some point.
Trade #2 (short): This trade setup waits until we break last week's low (with a retest) before going on to make lower prices. Last week I indicated a potential short trade but I labeled it as 'not preferred' because we were in an uptrend and the trend is your friend until its not. We are still in an uptrend technically (all the charts on the higher timeframes look healthy). However, if price starts to make a lower low from last week, we are probably heading for lower prices. So that's why I drew this trade in this week.
Note: I still think you need to be very careful shorting in an uptrend. Last week, we saw whiplash because there were numerous short opportunities erased by a reversal pump. That's what happens when you try to short in an uptrend. Prices bounce a lot easier or tend to want to continue to go up.
NEVER play the breakouts (they usually result in a retrace back to the breakout/breakdown area). Wait for the retest and resumption in the direction of your trade setup.
Good luck and please hit the like button.
Hims & Hers to Become Publicly-Traded via Merger with OAKHims & Hers, a Multi-Specialty Telehealth Platform, to Become Publicly-Traded via Merger with Oaktree Acquisition Corp.
Combined company to have an implied initial enterprise value of approximately $1.6 billion, with the company expected to have an estimated $330 million in cash after closing
Top-tier investors, including Franklin Templeton and clients of Oaktree, anchoring a $75 million PIPE
Leading existing institutional backers of Hims & Hers, including Founders Fund, Forerunner Ventures, IVP, Redpoint Ventures, Thrive Capital, McKesson Ventures, and the Canadian Pension Plan Investment Board intend to roll 100% of their equity
The enterprise value equals 8.9x estimated 2021 revenue and 12.2x estimated 2021 gross profit, an attractive valuation relative to telehealth peers despite the Company’s leading growth and margin profile.
The transaction is expected to close in the fourth quarter of 2020.
finance.yahoo.com
Danimer Scientific to go public via loak spac companyDanimer Scientific has entered into a definitive merger agreement with Live Oak Acquisition Corp. (NYSE: LOAK)
Pioneer in creating fully biodegradable and compostable bioplastics providing a cleaner, healthier, and environmentally responsible alternative to fossil fuel-based plastics
High-growth industry leader with blue chip customer contracts (PepsiCo, Nestlé, Genpak, WinCup, Columbia Packaging Group and Plastic Suppliers Inc.) demonstrating large-scale demand for PHA-based biodegradable plastics
Institutional investors commit to invest $210 million at closing; including certain funds managed by affiliates of Apollo, Federated Hermes Kaufmann Small Cap Fund, and over $50 million from Live Oak affiliates
$890 million of equity, $385 million of cash and only $20 million of pro forma debt provide ample flexibility to support abundant long-term growth opportunities
Fully financed at closing of the merger to expand production capacity from 20 million pounds annually today to approximately 200 million pounds in 2025
Intense demand from existing blue chip multinational customers supports management revenue forecast of over $500 million annually in 2025, with significantly increased profit margins by scaling existing production facilities
The transaction implies an equity valuation for Danimer of approximately $890 million at closing . It is anticipated that the combined company will have approximately $385 million of unrestricted cash on the balance sheet to fully fund future, planned growth, including the expansion of its current facility and the build out of its contemplated greenfield facility.
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Disney long 11 december 2020Disney long we wait for correction then we enter the zone i put after a confirmation candle
Tuscan Holdings Corp. Announces Intent to Combine With MicrovastTuscan Holdings Corp. Announces Intent to Combine With Microvast Inc.
("Tuscan") today confirmed that it has signed a letter of intent ("LOI") related to a business combination with Microvast Inc., a market leading provider of next-generation battery technologies for commercial and specialty use electric vehicles ("Microvast" or the "Company").
Microvast has a compelling financial profile, with significant historical revenues as well as projected growth and profitability. With its battery technology installed in over 28,000 vehicles worldwide, an impressive, growing list of global OEM customers, and a strategic partnership with Fiat Power Train Industrial
Microvast expects to generate over $100 million of revenue this financial year.
Completion of the transaction is subject to, among other things, the execution of a definitive agreement, approval by the two companies' boards, satisfaction of customary closing conditions and approval of the transaction by each company's shareholders.
Accordingly, there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated on the terms currently contemplated or at all.
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Oragenics Inc $OGEN - investment idea 💡 This entry and SL is based on my technical analysis only.
Do your research and trade on your own risk!
RKT - We Have Confirmation!We are above 50D moving average, RSI over 50 and head and shoulder confirmed, I'm 100% bullish. Target 29
View to Merge with CFII, a SPAC sponsored by Cantor FitzgeraldView, the leader in Smart Windows, to Merge with CF Finance Acquisition Corp., II (Nasdaq: CFII) ("CF II"), a special purpose acquisition company sponsored by Cantor Fitzgerald
- View is the market leader in next-generation smart windows that use artificial intelligence and machine learning which will tint the glass to optimize natural light while controlling heat and glare to enhance mental and physical well-being for occupants, creating smart connected buildings which reduce energy consumption and greenhouse gas (GHG) emissions.
- The combined company will be called View, Inc. and will be publicly listed on the NASDAQ market
- The transaction values View at an enterprise value of $1.6 billion, and is expected to provide up to $800 million in proceeds, including a fully committed PIPE of $300 million at $10.00 per share and up to $500 million of cash held in the trust account of CF Finance Acquisition Corp. II
- The transaction is expected to close in the first quarter of 2021.
finance.yahoo.com
Lightning EMotors Said In Talks to Go Public Via GigCapital3Lightning EMotors Said In Talks to Go Public Via GigCapital3
-Lightning EMotors, a company that focuses on fleet electrification and cutting out fuel consumption, is in advanced talks to go public through a merger with blank-check firm GigCapital3 Inc., according to people with knowledge of the matter.
-GigCapital3 is seeking to raise about $100 million in new equity to support a transaction that would create a combined entity worth $700 million to $1 billion, including debt, said the people, who requested anonymity because the talks are private. Terms could change but a deal, if agreed, could be announced as soon as next week, some of the people said.
A representative for Lightning EMotors declined to comment. Representatives for GigCapital3 didn’t immediately respond to requests for comment.
-The Loveland, Colorado-based company, formerly known as Lightning Hybrids, adds technology to commercial vehicles such as vans, trucks and buses that reduces their emissions to zero, and provides a charging service.
-The company said in October that it had more than doubled its manufacturing space, ramped up production and that it had doubled its workforce.
- “There is significant momentum building in the commercial medium-duty electric vehicle industry, driven by social and regulatory trends,” Chief Executive Officer Tim Reeser said in a statement at the time, noting that demand outstrips supply for the industry. Reeser is also a managing director at Aravaipa Ventures, a Boulder, Colorado-based investment firm.
- GigCapital3, led by executive chairman Avi Katz, raised $200 million in a May initial public offering. It said it’ll focus on companies with enterprise valuations larger than $500 million in the technology, media and telecommunications industry.
- Katz’s GigCapital2 Inc. in October said it signed a letter of intent to merge with Bolder Industries, a company that converts end-of-life tires into sustainable industrial products. An earlier SPAC, GigCapital Inc., merged with Kaleyra SpA in a deal that took the software company public.
- A deal between GigCapital3 and Lightning eMotors would follow the pending merger of Pivotal Investment Corp. II and XL Fleet, another company that specializes in fleet electrification.
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Aeva to Be Listed on NYSE through Business Combination with IPV Aeva, Maker of the First 4D LiDAR on Chip, to Be Listed on NYSE through Business Combination with InterPrivate Acquisition Corp.
-Aeva Inc. (“Aeva”) is the leading provider of comprehensive perception solutions developed on Silicon Photonics for mass scale applications in automotive, consumer electronics, consumer health, industrial and security markets.
-Aeva’s groundbreaking 4D LiDAR on Chip combines instant velocity measurements and long-range performance at affordable costs for commercialization at silicon scale.
-Aeva has received strategic investments from Porsche SE, the major shareholder of VW Group.
-Aeva’s commercial partners also include other top automotive OEMs and world’s leading mobility and technology players.
-In September, Aeva announced a production partnership with ZF to manufacture and distribute the first automotive grade 4D LiDAR to global OEM customers.
-Business combination to provide up to $363M in gross proceeds, comprised of InterPrivate’s $243M held in trust and a $120M fully committed common stock PIPE at $10.00 per share, including investments from Adage Capital and Porsche SE.
-Combined company expected to have an estimated post-transaction equity value of approximately $2.1B and is expected to be listed on the NYSE under the ticker symbol AEVA following anticipated transaction close in Q1 2021.
-All Aeva stockholders, including Lux Capital, Canaan Partners, and Lockheed Martin, will retain their equity holdings through Aeva’s transition into the publicly listed company.
-Aeva plans to use 100% of the net proceeds from the transaction to accelerate its growth and commercialization.
Transaction overview
The combined company will have an implied pro forma equity value of approximately $2.1 billion at closing, and Aeva’s existing stockholders will hold approximately 80% of the issued and outstanding shares of common stock of the combined company immediately following the closing.
Cash proceeds in connection with the transaction will be funded through a combination of :
(i) the issuance of approximately $120 million of common stock through a fully committed private placement at $10.00 per share, including investments from Adage Capital and Porsche SE,
(ii) the issuance of $ 1.7 billion of new common stock of InterPrivate to current stockholders of Aeva subject to customary adjustments and
(iii) $243 million of cash held in trust assuming no redemptions by InterPrivate’s existing public stockholders.
Completion of the proposed business combination is subject to, among other things, the approval by InterPrivate and Aeva stockholders and the satisfaction or waiver of other customary closing conditions , including a registration statement being declared effective by the Securities and Exchange Commission (the “SEC”), and is expected to occur in the first quarter of 2021.
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SPX500 - end of the line soon/ correction pendingThe 1.618 extension is fairly close, the indicators lack conviction and the price has been crawling up on low volume.
I think we should go down for a healthy correction to test the market psych. I would slowly start booking profits here and there.
Local Now announced a distribution partnership with CinedigmThe Weather Channel's Local Now Expands OTT Streaming Offerings With Cinedigm Distribution Partnership
The Bob Ross Channel, Dove Channel, Gametoon, FashionBox, CONtv, Anime, Comedy Dynamics and BAMBU are Among Channels Now Available on Local Now
This collaboration is part of Local Now's commitment to expanding the depth, availability, and entertainment value of its programming offerings.
The Local Now audience will now have 24/7 access to engaging, marquee channels.
Cinedigm channels will also become available on Local Now's portfolio of OTT, CTV, mobile, and TV platforms at the end of the year.
Local Now currently serves a diverse audience, reaching more than 225 markets across the nation.
finance.yahoo.com
HCCH Receives Shareholder Approval of Business CombinationHL Acquisitions Corp. Receives Shareholder Approval of Business Combination with Fusion Fuel Green.
shareholders of HL have approved the business combination between HL and Fusion Fuel at an annual general meeting of shareholders held today in New York. None of HL’s public shares were redeemed in connection with the vote to approve the business combination. It is expected that the business combination will close in the coming days.
Upon the closing of the business combination, each unseparated unit of HL will separate into its component parts of one ordinary share, one warrant, and one right. Each right of HL will be automatically exchanged for one-tenth (1/10th) of one ordinary share in accordance with its terms. The ordinary shares and warrants of HL will then automatically convert into Class A ordinary shares and warrants of Fusion Fuel, respectively, and it is expected that such Class A ordinary shares and warrants will trade on the Nasdaq Capital Market under the symbols “HTOO” and “HTOOW,” respectively.
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Pip Sandler research firm upgraded Funko's stockAnalyst Erinn Murphy from Pip Sandler research firm upgraded Funko's stock from Neutral to Overweight with a price target lifted from $6 to $12.
chat with the company's president, CFO and head of IR led to the firm switching to a bullish tone. Specifically, the management team expects to show modest growth in the U.S. business in the fourth quarter while gross margin concerns at other competitors aren't an issue at Funko.
Management is expected to release a "good amount" of new content for next year with a focus on recent hit content like "Queen's Gambit," "WandaVision," among others, the analyst wrote in a note.
More importantly, Piper Sandler's checks point to signs of success with the recent launch of Snapsies at 800 Target (NYSE: TGT) stores along with an expansion of board games and accelerated digital efforts.
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StockMarket Update (#49) : We're at a Weekly Turning Point !Hope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Israeli Lidar Startup Innoviz in Talks to Merge With SPAC CGROIsraeli Lidar Startup Innoviz in Talks to Merge With SPAC
Innoviz Technologies Ltd., an Israeli startup focused on lidar, laser sensors used in autonomous vehicles, is in talks to go public through a merger with Collective Growth Corp., according to people with knowledge of the matter.
Collective Growth is seeking to raise $100 million to $350 million in new equity to support a transaction that’s set to value the combined entity at $1 billion or more, said the people, who requested anonymity because the discussions aren’t public. Terms could change as a deal isn’t finalized, and it’s possible talks could fall apart, one of the people said.
Collective Growth, the Austin, Texas-based special purpose acquisition company, is led by Chief Executive Officer Bruce Linton, who is known for co-founding Canopy Growth Corp., a cannabis producer. Collective Growth raised $150 million in April and said at the time it would focus on target businesses in any industry or geography.
Innoviz’s investors include Samsung Electronics Co., SoftBank Ventures Asia and Phoenix Insurance Co., among others
A SPAC merger has become an increasingly popular method for closely held companies to raise growth capital.
www.bloomberg.com
Stem, Inc. to become publicly listed through SPAC company STPKStem, Inc. to become publicly listed through business combination with Star Peak Energy Transition Corp. (NYSE: STPK).
• Stem, Inc. – Market Leader in AI-Driven Clean Energy Storage Systems – to Combine with Star Peak, Creating First Public Pure Play Smart Energy Storage Company
• Founded in 2009, Stem is an energy storage leader that offers customers a complete solution of integrated battery storage systems, network integration and battery optimization via its proprietary AI-driven software platform called Athena™.
• Transaction to provide up to $608 million in gross proceeds, comprised of Star Peak’s $383 million of cash held in trust, assuming no redemptions, and a $225 million fully-committed common stock PIPE at $10.00 per share, including investments from funds and accounts managed by BlackRock, Van Eck Associates Corporation, Adage Capital Management, L.P., Electron Capital Partners, and Senator Investment Group.
• Following the expected first quarter 2021 transaction close, the combined company will have an estimated equity value of approximately $1.35 billion and will remain listed on the New York Stock Exchange under the new ticker symbol “STEM.”
• Stem’s energy storage systems address a $1.2 trillion market opportunity , and offers investors a unique ESG opportunity to invest in a pure play clean energy company helping to revolutionize the electric grid.
www.businesswire.com stock
NSCO soars after $1.5 billion acquisition deal and equity investNesco Holdings To Acquire Custom Truck One Source And Create Leading Specialty Rental Equipment Company In Partnership With Platinum Equity
Nesco and CTOS are leading providers of specialized truck and heavy equipment solutions including rental, sales and aftermarket parts and service.
Platinum Equity, the premier financial sponsor in the specialty rental equipment industry, has committed to invest over $850 million in Nesco in exchange for newly issued common stock at a price of $5.00 per share and will hold a majority interest in the combined company
Nesco lead investors, Energy Capital Partners and Capitol Investment, and existing CTOS lead investor, Blackstone, to remain ongoing shareholders in partnership with Platinum Equity
Combination significantly reduces leverage, includes material synergies and substantially enhances both corporate and public market liquidity
With complementary business lines, customer bases and capabilities, the combination is expected to yield significant benefits from increased scale, breadth of product and service offerings and expanded geographic coverage.
existing CTOS shareholders are expected to invest approximately $100 million into Nesco in exchange for newly issued common stock also at the same price as Platinum.
After the closing of the CTOS purchase, which is expected to occur in the fist quarter of 2021, Platinum is expected to own approximately 57% of Nesco's outstanding stock, following an additional equity investment of up to $200 million from Platinum.
finance.yahoo.com
www.marketwatch.com
LIZI stock soars after Car Audio Collaboration with Xpeng MotorsLIZHI INC. Enters In-Car Audio Collaboration with Xpeng Motors
To integrate LIZHI’s in-car audio content product into Xpeng Motors’ in-car intelligent operating system. The product has been launched in this week.
With seamless connectivity, LIZHI will strive to enrich the personalized driving experience for Xpeng Smart EV users.
finance.yahoo.com
Tredegar Board Declares Special Dividend of $5.97 Per ShareTredegar Board Declares Special Dividend of $5.97 Per Share
The Special Dividend is payable on December 18, 2020 to shareholders of record at the close of business on December 11, 2020.
The Special Dividend is a direct result of our strong cash generation that resulted in cash in excess of debt of $28 million at September 30, 2020, which increased further at the end of October with the closing on the sale of our Personal Care business for estimated net proceeds (after transaction costs, purchase price adjustments and transition services) of $45 to $50 million.
the distribution of excess cash is being supplemented by borrowings under our revolving credit facility, which has a maturity date in June 2024, thereby allowing us to prudently use financial leverage in a low interest rate environment while also preserving available capital to meet the needs of our business units."
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