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ION Acquisition Soars on Taboola SPAC Merger RumorsION Acquisition Soars on Taboola SPAC Merger Rumors IACA stock’s October initial public offering raised $225 million for the special purpose acquisition company (SPAC) focusing on the Middle East region. Its stated goal was a merger with a private company valued at more than $1 billion. That IPO was upsized by more than 10% to 22.5 million units ahead of the floatation. Both ION and Taboola are based in Israel. Daily Haaretz reported on Monday that Taboola was mulling either a SPAC merger or its own IPO. Its sister publication, business daily TheMarker, on Tuesday reported the ION-Taboola negotiations. investorplace.com
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by AlenCiken
Ouster to Combine With Colonnade Acquisition CorpOuster, a Leading Provider of High-Performance Digital Lidar Sensors, to Combine With Colonnade Acquisition Corp. to Accelerate Digital Lidar Adoption in Industrial, Smart Infrastructure, Robotics, and Automotive Markets. Transaction expected to provide up to $300 million in gross proceeds, comprised of Colonnade Acquisition Corp.’s $200 million of cash held in trust (assuming no redemptions) and a $100 million fully committed common stock PIPE at $10.00 per share, including from Ouster’s existing investors, Cox Enterprises, Fontinalis Partners, and WWJr Enterprises. Pro forma implied enterprise value of ~$1.6 billion and fully diluted pro forma equity value of ~$1.9 billion Ouster shareholders will roll 100% of their equity holdings into the combined company The boards of directors of both Ouster and Colonnade have unanimously approved the proposed business combination, which is expected to be completed in the first half of 2021, subject to, among other things, the approval by Colonnade's shareholders and Ouster’s shareholders, satisfaction of the minimum cash condition, which is equal to the $100 million committed common stock PIPE investment at $10.00 per share obtained in connection with the entry into the Merger Agreement, and certain other customary closing conditions stated in the Merger Agreement. www.businesswire.com
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by AlenCiken
Ameren Signs Long-Term 900 MHz Spectrum LeasesAmeren Signs Long-Term 900 MHz Spectrum Leases for Illinois & Missouri Service Territories Anterix (NASDAQ: ATEX) today announced its first long-term 900 MHz broadband spectrum lease agreements, covering Ameren Corporation's ("Ameren") service territories for 30 years. These agreements enable Ameren's deployment of a private LTE network to support its digital transformation to deliver benefits for millions of Ameren customers in Illinois and Missouri. finance.yahoo.com
NASDAQ:ATEX
by AlenCiken
NXTD skyrockets as Bitcoin broke the $20,000 markThe company hasn’t issued any news or press releases this morning, but the stock is up in double-digit percentages. The run seems to be the result of the fact that Bitcoin broke the $20,000 mark. NXTD is heavily focused on mobile security, and cryptocurrencies, which run on the blockchain, are focused on the security of financial transactions, and other contracts, in simple terms anyway. Moreover, NXTD isn’t only active in mobile security, it’s an active player in the cryptocurrency industry, helping to make cryptocurrency more feasible with its subsidiary, FitPay. FitPay creates contactless payment devices for Bitcoin owners. When used, these devices convert bitcoin into fiat currency, making it possible for Bitcoin owners to use their cryptocurrency in stores. With Bitcoin breaking the $20,000 mark, demand for the cryptocurrency is at an all-time high. Moreover, cryptocurrency enthusiasts are looking for ways to bring this technology into the wider world of finance and commerce. NXTD offers a way to do that with FitPay. So, it’s no surprise that the stock is up today. cnafinance.com
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by AlenCiken
FireEye Rally on SolarWinds HackFireEye, CrowdStrike and Other Security Stocks Rally on SolarWinds Hack Security-software stocks were flying high Friday, as investors anticipated a pickup in spending in response to widespread damage FireEye, U.S. Agencies Affected By Cyber Attack On Solar Winds Software The security-software firm said a “global intrusion campaign” is making use of a tainted update to SolarWinds IT-management software. Continue reading from the cyberattacks on SolarWinds believed to have been orchestrated by Russia. SolarWinds (ticker: SWI) has said that close to 18,000 customers were left vulnerable in the incident that has affected a range of U.S. government agencies as well as commercial clients. That means cybersecurity spending could be “poised to accelerate” on intrusion and containment fears The incident was first identified last week by FireEye (FEYE), a victim of the attack. While FireEye shares initially tumbled on the news as investors worried that the hack could severely impact its business, the stock has since reversed course and rallied almost 32% on Friday. Other security software stocks are also trading higher, with substantial gains for CyberArk (CYBR), Fortinet (FTNT), Mimecast (MIME), Palo Alto Networks (PANW), Proofpoint (PFPT), Qualys (QLYS), Rapid7 (RPD), Tenable (TENB), Varonis Systems (VRNS) and Zscaler (ZS). www.barrons.com
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by AlenCiken
Katapult to Become a Publicly Traded Company Through MergerKatapult to Become a Publicly Traded Company Through Merger With FinServ Acquisition Corp. Leading e-commerce focused point-of-sale platform for nonprime consumers Transaction values Katapult at a pro forma enterprise value of approximately $1 billion and equity value of $962 million, representing EV/EBITDA multiples of 14.1x and 6.6x projected EBITDA for 2021 and 2022, respectively. Total consideration paid to Katapult’s existing shareholders will be $833 million. Cash proceeds of the transaction will fund up to $325 million of cash consideration to Katapult’s existing shareholders and $50 million of cash to Katapult’s balance sheet. The cash components of the transaction will be funded by FinServ’s cash in trust of $250 million Transaction includes a $150 million fully committed PIPE at $10 per share from investors led by Tiger Global Management & Neuberger Berman Funds Attractive, profitable financial profile with approximately $250 million of projected revenue (+172% y/y) for 2020 Proven and experienced management team, who will continue leading the combined company The transaction is expected to close during the first half of 2021 www.businesswire.com
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by AlenCiken
A stock perfect for scalpers.ZKIN is one of those very volatile stocks that are pretty easy to scalp as a break of certain levels (such as currently $2.40, $2.60..) usually leads to a volume spike, both to the upside or downside. And these breaks happens currently often as.. ..as the price of ZKIN has recently broke the weekly resistance located at $2.00 per share, which was a barrier for almost 2 years! So now the price should be in the opposite of a free fall. I am not primarily focused on stocks, but this company also utilizes blockchain, which I found attractive and futuristic. Here is my setup idea to buy the uptrend. Buy at $2.20 Sell at $2.60 - 18% profit Stop loss at $2.10 - 4,5% loss Risk reward - 4:1 As the dips continue to attract buyers I look to buy the dip. On this price point of $2.20 are many technical support keys such as: 1.) 4-hour uptrend line 2.) 50 EMA 3.) Support level at $2.20 Thanks for your time and good luck with this idea! Let me know what you think. Tibor
NASDAQ:ZKINLong
by TiborVrbovsky
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CURO Positioned to Benefit from Katapult’s Merger with FSRVCURO Group Holdings Corp. Positioned to Benefit from Katapult’s Announced Merger with FinServ Acquisition Corp. $900+ million Transaction Provides $365 million Total Consideration to CURO Katapult Holding, Inc. ("Katapult"), a company approximately 40% owned by CURO and a leading provider of e-commerce point-of-sale ("POS") lease purchase options for non-prime US consumers, and FinServ Acquisition Corp. (Nasdaq: FSRV) ("FinServ"), a publicly traded special purpose acquisition company ("SPAC"), have entered into a definitive merger agreement. The transaction values Katapult’s equity at $908 million, which includes an earnout of up to $75 million in the form of additional common shares in the new public company. Based on CURO’s ownership in Katapult, the transaction announced today will provide consideration consisting of a combination of cash and stock in the new company to CURO of $365 million , which includes an earnout of up to $30 million in the form of additional common shares in the new public company. To date, CURO has made a total cash investment in Katapult of $27.5 million. Upon the closing of the transaction, CURO anticipates receiving cash of up to $125 million and maintaining an ownership stake of at least 21% of the fully-diluted shares of the new public company. The transaction is expected to close during the first half of 2021 and remains subject to approval by FinServ stockholders and other customary closing conditions. finance.yahoo.com
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by AlenCiken
Lightning eMotors to List on New York Stock Exchange Through GIKUrban Commercial Zero-Emission Vehicle Company Lightning eMotors to List on New York Stock Exchange Through Merger with GigCapital3, Inc. Urban Commercial Zero-Emission Vehicle Company Lightning eMotors to List on New York Stock Exchange Through Merger with GigCapital3, Inc. Production expected to reach 20,000 medium duty commercial electric vehicles by 2025 High revenue visibility with 100% of projected 2021 revenue of $63 million and 25% of 2022 projected revenue of $354 million under firm purchase orders as of today, and strong line of sight to $2 billion in projected 2025 revenue, including $1 billion from existing fleet customers Transaction supported by $125 million of gross proceeds from the issuance of equity and convertible financings in a Private Investment in Public Equity (PIPE) transaction, including a commitment from BP Technology Ventures and other leading institutional investors Pro forma implied equity value of the merger is approximately $823 million, at $10.00 per share. The transaction will be funded by (i) the issuance of approximately $539 million in new common stock of GigCapital3 to current holders of Lightning eMotors securities (ii) cash from the GigCapital3 trust account of approximately $202 million, assuming no redemptions by GigCapital3’s stockholders. the proposed business combination is expected to be completed in the first half of 2021. finance.yahoo.com
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by AlenCiken
Innoviz Technologies to be Listed on Nasdaq Through CGROInnoviz Technologies, a Global Leader in LiDAR Sensors and Perception Software for Autonomous Driving, to be Listed on Nasdaq Through Business Combination with Collective Growth Corporation - Transaction is expected to provide up to $350 million in gross proceeds comprised of Collective Growth's $150 million of cash held in trust, assuming no redemptions by public stockholders, and a $200 million fully committed ordinary share PIPE at $10.00 per share, led by Antara Capital and includes strategic investments from Magna International, Innoviz's Tier-1 partner, Phoenix Insurance and other institutional investors - Following the targeted closing of the transaction in the first quarter of 2021 , the combined Company is expected to have an estimated equity value of approximately $1.4 billion and to be listed on NASDAQ under the ticker symbol "INVZ" BMW chose Innoviz's solid-state LiDAR sensor, InnovizOne, sourced and manufactured by Magna International, to develop its LiDAR for series production - Innoviz current partners and investors include Magna International, Samsung-Harman, Aptiv, Magma Venture Partners, Vertex Ventures, SoftBank Ventures Asia, Phoenix Insurance, China Merchants Capital, Shenzhen Capital Group, Harel Insurance Investments and Financial Services and others finance.yahoo.com
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by AlenCiken
Genius Sports Group To Go Public Through Combination With DMYDGenius Sports Group To Go Public Through Combination With NYSE-Listed dMY Technology Group II - Pro forma enterprise value of the merger of approximately $1.5 billion, or 8.0x GSG's currently projected 2021 revenue of $190 million. - Transaction includes a $330 million fully committed private investment ("PIPE") at $10.00 per share. anchored by institutional and experienced industry investors - The combined company is expected to have approximately $150 million of growth capital (assuming no redemptions) and a substantially debt-free balance sheet to accelerate its U.S. and international expansion through organic growth and strategic acquisitions - dMY II shareholders, GSG shareholders and PIPE investors will hold shares in NYSE-listed combined company The Boards of Directors of both dMY II and GSG have unanimously approved the transaction. The transaction will require the approval of dMY II's stockholders, and is subject to other customary closing conditions, including a minimum cash condition. The transaction is expected to close in Q1 2021. finance.yahoo.com
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by AlenCiken
HydraFacial and Vesper Healthcare Announce Business CombinationHydraFacial, an Experiential Beauty Health Company, and Vesper Healthcare Announce Business Combination HydraFacial is a category-creating beauty health company that provides a platform and technology to a community of providers and consumers, to deliver an experiential, 30-minute facial that offers results similar to a medical treatment Transaction values HydraFacial at an enterprise value of $1.1 billion. Following the transaction, the company expects to have $100M in cash and no debt The purchase price consists of $975 million payable at closing and up to $75 million payable upon the completion of certain identified acquisitions by the combined company. Top-tier institutional investors anchoring the fully committed $350 million PIPE include Fidelity Management & Research Company, LLC, Redmile Group, LLC, Principal Global Investors, LLC, Camber Capital Management and Woodline Partners LP Linden Capital Partners, a leading private equity firm, will remain the Company’s largest shareholder. The transaction, which has been unanimously approved by both Vesper Healthcare’s and HydraFacial’s boards of directors, is expected to close in the first half of 2021 and is subject to approval by Vesper Healthcare’s shareholders and other customary closing conditions, including any applicable regulatory approvals. finance.yahoo.com
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by AlenCiken
btwn is considering a potential merger with TokopediaBridgetown Holdings Ltd., the blank-check company backed by billionaires Richard Li and Peter Thiel , is considering a potential merger with Indonesia’s e-commerce giant PT Tokopedia, according to people with knowledge of the matter. he special purpose acquisition company is exploring the structure and feasibility of a deal with Tokopedia, one of the most valuable startups in the southeast Asian nation, the people said. The SoftBank Group Corp.-backed firm could be valued at $8 billion to $10 billion in a transaction, said the people, who asked not to be identified as the discussions are private. Deliberations are at a prelim Bridgetown raised $550 million in a U.S. initial public offering in October, following other so-called blank-check companies such as those associated with billionaire investor Bill Ackman and former U.S. House Speaker Paul Ryan. Merging with a SPAC has become an increasingly popular method for closely held businesses to raise capital for growth. A potential merger with Tokopedia would also be in- Merging with a SPAC has become an increasingly popular method for closely held businesses to raise capital for growth. A potential merger with Tokopedia would also be in-line with the strategy that Bridgetown set out in its prospectus: to focus on a target in the technology, financial services or media sectors in Southeast Asia. Tokopedia became Indonesia’s second most valuable startup, just behind ride-hailing and delivery giant Gojek, by scoring early backing from SoftBank and Alibaba Group Holding Ltd. Alphabet Inc.’s Google and Temasek Holdings Pte invested about $350 million in Tokopedia, people familiar with the matter have said. E-commerce platforms including Tokopedia, Alibaba’s Lazada Group and Shopee -- a unit of Singapore-based Sea Ltd. -- have been some of the beneficiaries of coronavirus-driven lockdowns this year as they moved quickly to serve the millions of people forced to make their first online purchases while staying home. www.bloombergquint.com
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by AlenCiken
Advent Technologies Inc. to Combine With Spac AMCIAdvent Technologies Inc. to Combine With AMCI Acquisition Corp., Creating a Leading Next Generation Fuel Cell Technology Company dvent has a proven business model – Advent has a proven, scalable business model that delivers consistent and recurring revenue, with an approximately $100m revenue opportunity per 1GW of customer demand. Support from Advent shareholders – Advent’s existing shareholders will be rolling 100% of their equity into the combined company (subject to Advent stockholder approval of the transaction) exhibiting their confidence in the growth prospects of Advent. The business combination values Advent at a $358 million pro forma post-money enterprise value at a share price of $10.00, assuming no redemptions by AMCI shareholders and no purchase price adjustments. The boards of directors of both Advent and AMCI have unanimously approved the proposed transaction, which is expected to be completed in the fourth quarter of 2020 or early 2021 AMCI will also amend its warrants at the closing of the business combination to cash-out all of its outstanding warrants for a payment of $1.50 per warrant finance.yahoo.com
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by AlenCiken