Nine SPACs with big money and bigwigs behind them, and what they soon could be buying msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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It was another busy week for the SPAC market with numerous deal announcements and rumored deals. Benzinga s Spacs Attack covered the deals and news of the week.
Here is a look back at the announced deals, rumors and some top headlines.
SPAC Deals
Last-mile telehealth company Ambulnz is going public in a $1.1 billion deal with Motion Acquisition Corp (NASDAQ: MOTN). Ambulnz will rebrand as DocGo as part of the deal. The company operates with a business-to-business model serving hospital networks, insurance providers, municipalities and large commercial enterprises.
Ambulnz provides services such as testing, vaccination, bloodwork, IV/hydration, wound care and mobile imaging. The company operates in 23 states in the US and has operations in the UK. Additional states have been approved or are pending in the company’s expansion plan.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Seven Oaks Acquisition Corp. Announces the Appointment of Heidi Manna to its Board of Directors
Seven Oaks AcquisitionFebruary 8, 2021 GMT
NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) Seven Oaks Acquisition Corp. (the “Company”) announced today that Heidi Manna has been appointed as an independent director of the Company’s board of directors and as a member of its audit and compensation committees. Following the appointment of Ms. Manna, the Company’s board of directors is comprised of five directors, including three independent directors.
“We are pleased to welcome Heidi Manna to the board of directors of Seven Oaks,” said Gary Matthews, chairman and chief executive officer of the Company. “We believe that Heidi’s diverse industry experience and human resource-oriented knowledge will be an invaluable addition to the Seven Oaks ESG mission.”
JonesTrading Investment Bank Sole Book Runner For Seven Oaks Acquisition Corpâs $225 Million IPO Date
21/01/2021
JonesTrading Institutional Services LLC (“JonesTrading”) today announced that its Investment Banking Group acted as sole book-running manager for Seven Oak’s Acquisition Corp’s (Nasdaq: SVOKU) December 2020 $225 million IPO raise. Seven Oaks Acquisition now commands an estimated market value of $250 million. National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (Nasdaq CM: NHLD), served as lead manager for the offering. Academy Securities, Loop Capital Markets and Tigress Financial Partners acted as co-managers.
Seven Oaks Acquisition Corp., led by Chairman and CEO Gary Matthews, is a special purpose acquisition company formed for the purpose of entering into a business combination with one or more businesses. While the Company may pursue a business combination in any industry, the Company focuses on companies w
Seven Oaks Acquisition Corp. Announces Closing of Upsized $258.75 Million Initial Public Offering
December 22, 2020 17:00 ET | Source: Seven Oaks Acquisition Seven Oaks Acquisition New York, New York, UNITED STATES
NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) Seven Oaks Acquisition Corp. (the “Company”) today announced the closing of its upsized initial public offering of 25,875,000 units at a price of $10.00 per unit, including 3,375,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The units are listed on The NASDAQ Capital Market (“NASDAQ”) and began trading under the ticker symbol “SVOKU” on December 18, 2020. Each unit consists of one share of Class A common stock of the Company and one-half of one redeemable warrant with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising th