Connect with us

SPAC Insiders

NewHold Investment Corp. (NHIC) Shareholders Approve Evolv Deal

Published

on

proxy vote

NewHold Investment Corp.  (NASDAQ:NHIC) announced in a press release today that its shareholders approved its combination with AI touchless security screening company Evolv Technology (“Evolv”) in a meeting held earlier this morning.

Approximately 89% of the votes cast at the meeting on the business combination proposal, representing approximately 69% of NewHold’s shares, voted to approve the combination with Evolv. NewHold shareholders also voted overwhelmingly to approve the other proposals at the Special Meeting.

The transaction is expected to close tomorrow Friday July 16, and the combined entity’s shares and warrants are expected to trade on the Nasdaq under the symbols “EVLV” and “EVLVW,” respectively, on Monday, July 19.

The parties initially inked the $1.325 billion deal on March 8.  Evolv’s touchless screening system allows for visitors to pass through security screening without breaking stride and continuing the pace of life. The Evolv Express system delivers up to a 70% reduction in cost and is ten times faster than traditional metal detectors, resulting in screening approximately 3,600 people per hour, per system.

In the past few quarters, we’ve seen celebrities and athletes jump aboard SPACs, but in this case, Evolv has three super stars across two sports involved in its deal.  Former NFL quarterback Peyton Manning and tennis players Andre Agassi and Steffi Graf are all investors in the $300 million PIPE.

Evolv’s CEO Peter George and NewHold’s CEO Kevin Charlton joined SPACInsider last month for a live Q&A.


ADVISORS

  • Cowen is acting as sole financial and capital markets advisor to Evolv.
  • Cowen acted as sole placement agent to NewHold in connection with the $300 million PIPE.
  • Stifel is acting as sole financial and capital markets advisor to NewHold.
  • Latham & Watkins LLP is acting as legal counsel to Evolv
  • Loeb & Loeb LLP is acting as legal counsel to NewHold.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://spacinsider.com/2021/07/15/newhold-investment-corp-shareholders-approve-evolv-deal/

SPAC Insiders

Revolution Acceleration Acquisition Corp. (RAAC) Shareholders Approve Berkshire Grey Deal

Published

on

Continue Reading

SPAC Insiders

Property Solutions Acquisition Corp. (PSAC) Shareholders Approve Faraday Future Deal

Published

on

Continue Reading

SPAC Insiders

Ascendant Digital Acquisition Corp. (ACND) Shareholders Approve MarketWise Deal

Published

on

Continue Reading

SPAC Insiders

The Latest SPAC News and Rumors: July 20, 2021

Published

on

latest-news


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: New rules for China’s tech companies threatens SPAC deals, and Li-Cycle partners with Univar Solutions OnSite Services


New Listing Rules For China’s Tech Companies Could ‘Dampen’ Appetite For SPAC Deals

A new slate of draft rules announced last week by the Cyberspace Administration of China (CAC) threatens to slow the rate of US listings by Chinese tech companies – and attractiveness of those companies to American investors.

It is early days, but it is possible the new regulations could weigh on acquisitions of Chinese companies by blank-check companies, according to Kristin Zimmerman, who heads Morgan Stanley’s SPAC M&A practice in New York.

Under the draft rules, the CAC, China’s top cybersecurity regulator, would review any foreign listings by technology platform companies that possess the data of at least 1 million users.

READ


Li-Cycle Announces Partnership with Univar Solutions OnSite Services

Lithium-ion battery recycler Li-Cycle Corp. today announced a partnership with waste management leader Univar Solutions OnSite Services to provide waste management solutions for lithium-ion batteries.

Through the partnership, Li-Cycle and Univar Solutions customers will now benefit from a waste management solution for lithium-ion battery waste across multiple manufacturing verticals, including the growing North American electric vehicle manufacturing market.

Li-Cycle initially announced its business combination with Peridot on February 16.

READ


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://spacinsider.com/2021/07/20/latest-spac-news-and-rumors-july-20-2021/

Continue Reading
Esports3 days ago

How to reduce lag and increase FPS in Pokémon Unite

Esports4 days ago

Coven skins for Ashe, Evelynn, Ahri, Malphite, Warwick, Cassiopeia revealed for League of Legends

Esports4 days ago

Will New World closed beta progress carry over to the game’s full release?

Aviation5 days ago

And Here’s Yet Another Image Of Russia’s New Fighter Concept That Will Be Officially Unveiled Tomorrow

Esports4 days ago

Can you sprint in New World?

Esports3 days ago

How to add friends and party up in New World

Esports4 days ago

How to claim New World Twitch drops

Esports5 days ago

How to complete FUTTIES Alessandrini’s objectives in FIFA 21 Ultimate Team

AR/VR3 days ago

Moth+Flame partners with US Air Force to launch Virtual Reality sexual assault prevention and response training

Esports4 days ago

Twitch streamer gets banned in New World after milking cow

Esports5 days ago

Everything we know about Seer in Apex Legends

Esports5 days ago

Evil Geniuses top laner Impact breaks all-time LCS early-game gold record in win over Dignitas

Aerospace5 days ago

Boeing crew capsule mounted on Atlas 5 rocket for unpiloted test flight

Esports5 days ago

What Time Does League of Legends Patch 11.15 Go Live?

Blockchain4 days ago

Rothschild Investment Purchases Grayscale Bitcoin and Ethereum Trusts Shares

Blockchain4 days ago

Uniswap (UNI) and AAVE Technical Analysis: What to Expect?

Esports4 days ago

Konami unveils Yu-Gi-Oh! Master Duel, a digital version of the Yu-Gi-Oh! TCG and OCG formats

Esports3 days ago

How to change or join a new world in New World

Esports4 days ago

Team BDS adds GatsH to VALORANT roster as sixth man before EU Stage 3 Challengers 2

Esports4 days ago

Overwatch League 2021 Grand Finals to be held in Los Angeles, playoff bracket in Dallas

Trending