SPAC Wrap: Investors Should be Happy with a Merger-less Monday; Announced Deals Take a Hit
Merger-less Monday was a bit of a surprise today, but given SPACs with announced deals took a hit, that s probably a good thing. Look for activity to pick up as the week progresses though.
Author:
Apr 12, 2021
Even given the otherwise sideways day in the markets (S&P up, DJIA down, Nasdaq 100 down), some investors will be a bit disappointed in the SPAC activity. No deals were announced, SPAC IPOs stayed on the sidelines, and we saw only two prospective new SPACs file S-1s.
Those invested in SPACs with announced deals took a hit today though. The majority of units and common shares were down, with some down significantly (e.g. PSAC / Faraday; see full list below). Investors will need to be careful about deciding when to get in and out of SPACs once the deal is announced. While there have been some good post-deal pops on great execution (e.g. DMYD and MUDS w/ its NFT play announced today),
SPAC Wrap: RICE stock takes off, TWCT is muted on Deal Announcements. IPOs Take a Rest Day
RICE surged over 50% on its Renewable Gas M&A deal, while True Wind Capital s deal with Cellebrite was greeted with a much more muted reaction from the market
Author:
Apr 8, 2021
While M&A pops had returned a bit, it s been awhile since we ve seen a massive rally on a SPAC name after announcing an M&A deal, which is exactly what happened today with
Rice Acquisition Corp (RICE) up 52%. Rice is
combining Aria Energy and Archaea Energy and taking them public in a $1.15 billion merger. That will make the combined company into a leading renewable natural gas platform.
AvePoint Salesforce Cloud Backup Now Available For MSPs Across Major Distribution Marketplaces
08:34:41 - 06 April 2021
Salesforce Cloud Backup Joins AvePoint s Microsoft 365 and Dynamics 365 Products, and will be available across 36 countries and in 58 distributor marketplaces
JERSEY CITY, N.J., April 6, 2021/PRNewswire/ AvePoint, Inc., a leading Microsoft 365 data management independent software vendor, today announced its Salesforce Cloud Backup product is available to the channel partner ecosystem. The product adds to the AvePoint suite of trusted Cloud Backup for Microsoft 365 and Dynamics 365 to arm managed service providers (MSPs) with seamless and comprehensive backup and restore capabilities across multiple, popular SaaS providers.
Today, Salesforce Cloud Backup is available for managed service providers (MSPs) to resell and protect customers CRM data across 36 countries and 58 cloud marketplaces including Tech Data StreamOne Solutions Store, Ingram Micro Cloud marke
AvePoint Online Services for US Government Achieves FedRAMP Authorization
Department of Energy sponsors AvePoint s FedRAMP ATO to modernize its record management in Microsoft 365
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JERSEY CITY, N.J., April 5, 2021 /PRNewswire/ AvePoint, the largest data management solutions provider for the Microsoft cloud, today announced the AvePoint Online Services cloud platform has achieved FedRAMP Authorization.
This authorization signifies AvePoint Online Services security controls have been rigorously evaluated and its SaaS solutions approved for use across all federal agencies at the moderate impact level.
AvePoint Online Services is a suite of software-as-a-service solutions for migrating, managing and protecting data in Microsoft 365 to enable government agencies to be compliant with their digital collaboration. This includes Microsoft 365 backup, records management, permissions management, Microsoft Teams/SharePoint workspac
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