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VPC Impact Acquisition Holdings III (VPCC) to Combine with Dave in $3.5Bn Deal

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SPAC Insiders

Northern Lights Acquisition Corp. (NLITU) Prices $100M IPO

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IPO-Pricing

Jun 23, 2021 IPOs by Marlena Haddad

Northern Lights Acquisition Corp. announced the pricing of its $100M IPO and its units are expected to begin trading on the Nasdaq under the symbol “NLITU” Thursday, June 24.

The new SPAC aims to combine with a cannabis target that has an enterprise value ranging from $200 million to $500 million. Northern Lights is led by Co-CEOs John Darwin and Joshua Mann, and CFO Chris Fameree.

Total SPAC deal count for 2021 year-to-date is now 349. This offering is expected to close on Monday, June 28.


EF Hutton, division of Benchmark Investments, LLC, is acting as the sole bookrunner for the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with Loeb & Loeb LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

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Source: https://spacinsider.com/2021/06/23/northern-lights-acquisition-corp-prices-100m-ipo/

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FinTech Acquisition Corp. VI (FTVIU) Prices $220M IPO

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IPO-Pricing

Jun 23, 2021 IPOs by Marlena Haddad

FinTech Acquisition Corp. VI announced the pricing of its $220M IPO and its units are expected to begin trading on the Nasdaq under the symbol “FTVIU” Thursday, June 24.

The new SPAC aims to combine with a financial technology target that has a diversified customer and supplier base. FinTech Acquisition Corp. VI is led by Chairman Betsy Z. Cohen, CEO Daniel G. Cohen, President and Secretary James J. McEntee, III and CFO Douglas Listman.

Total SPAC deal count for 2021 year-to-date is now 348. This offering is expected to close on Monday, June 28.


Cantor Fitzgerald & Co. is acting as the sole book-running manager for the offering. Ledgewood, PC is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.

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Source: https://spacinsider.com/2021/06/23/fintech-acquisition-corp-vi-prices-220m-ipo/

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Artius Acquisition Inc. (AACQ) Shareholders Approve Origin Materials Deal

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Artius Acquisition Inc.  (NASDAQ:AACQ) announced in an 8-K filing that its shareholders approved its combination with West-Sacramento zero-carbon materials company Origin Materials at a special meeting earlier today.

A total of 58,972,042 Artius shares, representing approximately 65.11% of the outstanding ordinary shares entitled to vote, were present  at the meeting. Redemption numbers were not disclosed, but the transaction was approved nearly unanimously with 56,433,318 votes in favor of the combination. The nine other proposals were also approved, including an equity incentive plan and employee purchase plan. AACQ climbed nearly 3% following the meeting.

The transaction is expected to close on June 25 prior to market open, and the combined entity’s shares and warrants will start trading on the Nasdaq under the new symbol “ORGN” and “ORGNW”, respectively, also on June 25.

The parties initially announced the $999 million deal on February 17. Origin is developing a series of carbon-negative and carbon-neutral materials to replace an array of consumer packaging and production elements. The company recently launched its Net Zero Automotive program with Ford Motor Company (NYSE:F) in a sustainable initiative to industrialize new materials and drive decarbonization in the automotive industry.

For full vote tallies, click HERE.


ADVISORS

  • BofA Securities is serving as exclusive financial advisor to Origin
  • Cooley LLP is serving as legal advisor to Origin.
  • Credit Suisse and Goldman Sachs & Co. LLC are serving as joint financial and capital markets advisors to Artius and serving as co-placement agents on the PIPE offering.
  • Cleary Gottlieb Steen & Hamilton LLP is serving as legal advisor to Artius.

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Source: https://spacinsider.com/2021/06/23/artius-acquisition-inc-shareholders-approve-origin-materials-deal/

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FTAC Olympus Acquisition Corp. (FTOC) Shareholders Approve Payoneer Deal

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proxy vote

FTAC Olympus Acquisition Corp.  (NASDAQ:FTOC) announced in a press release that its shareholders approved its combination with payments firm Payoneer at a special meeting earlier today.

The press release did not disclose redemptions, however, 97.8% of the votes cast at the meeting voted to approve the business combination. The combined company will be named Payoneer Global Inc., and its shares and warrants will start trading on the Nasdaq under the symbol “PAYO” and “PAYOW”, respectively.

The parties initially inked the $3.3 billion deal on February 3. Payoneer provides a platform for ecommerce-enabling payments, international transfers and digital banking with about 4 million customers and 1,500 employees worldwide.

The company made a rebranding announcement yesterday to reflect its current position in the market saying that, the “new brand color is “universal”, reflecting its promise to be for everyone everywhere.” The new symbol is a circle, “illustrating its journey to becoming a single destination, unified, and connected in more places than anyone else.


ADVISORS

  • Financial Technology Partners is serving as exclusive financial and capital markets advisor to Payoneer.
  • Davis Polk & Wardwell LLP is serving as legal counsel to Payoneer and Paul Hastings is serving as regulatory counsel to Payoneer.
  • PwC is serving as Payoneer’s auditors.
  • Citi and Goldman Sachs & Co. LLC are serving as financial and capital markets advisors to FTOC.
  • Cantor Fitzgerald is serving as capital markets advisor to FTOC.
  • Morgan Lewis is serving as legal counsel to FTOC.
  • Goldman Sachs & Co. LLC and Citi are serving as placement agents on the PIPE.

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Source: https://spacinsider.com/2021/06/23/ftac-olympus-acquisition-corp-shareholders-approve-payoneer-deal/

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