The week may be slowing down, but it looks like SPAC’s merger news is still heating up.
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In fact, this week has brought big moves in more than ten special-purpose procurement companies. For investors less familiar with this world, SPACs are public companies that merge with private companies. In essence, SPACs help private companies avoid the IPO process. It is important that investors after the pandemic sale in March had a great appetite for new offers. This means that SPAC mergers have dominated the market.
This week was no different. Dive into the latest news with InvestorPlace under:
Nr. 1: Virgin Orbit SPAC Merger News
SPACE: VG acquisition (NASDAQ:VGAC)
Private company: Virgin Orbit
Sir Richard Branson takes the company’s craze to space … or at least investors hope he is. His VG acquisition has been in the spotlight lately thanks to a newfound interest in space exploration. In essence, many hope that he will use VGAC shares to bring a space company to the public. And to be honest, such a step would make sense. Branson is behind the space pure game Virgin Galactic (NYSE:SPCE) and other private companies such as Virgin Orbit and Virgin Hyperloop.
What should investors know? There is currently no fixed merger target for VGAC. However, Branson said earlier this week that he was considering the SPAC route for Virgin Orbit. If more news materializes, make sure the VGAC stock is on your radar.
Read the InvestorPlace.com assignment on the Virgin Orbit SPAC news here.
Nr. 2: AppHarvest SPAC Merger News
SPACE: Novus Capital (NASDAQ:NOVS)
Private company: AppHarvest
For many investors, AppHarvest could fall out of the SPAC crowd. This is because instead of concentrating on a high-tech trend, AppHarvest wants to reconsider agriculture. In essence, the company specializes in indoor farming solutions for tomatoes and other products.
So what made the NOVS share rise before the AppHarvest SPAC merger? Well, earlier this week, the company announced that it had reached a new milestone. It is important that it completes its first crop of Beefsteak tomatoes and prepares to deliver them in stores across the country. Even more important is the fact that Walmart (NYSE:WMT) en Kroger (NYSE:KR) were from the recipient stores.
Read the InvestorPlace.com assignment on the AppHarvest SPAC news here for more information.
Nr. 3: Queen’s Gambit SPAC Merger News
SPACE: Queen’s Gambit (NASDAQ:GMBT)
Private company: Unknown
You will see that this is also different SPAC news. Queen’s Gambit is a new specialty acquisition company that has just been submitted to become known. What makes it stand out is its leadership team. Unlike many previously blank check businesses, all women lead the GMBT staff.
We do not know much about the SPAC at the moment, except that it is likely to please those who give priority to environmental, social and government investments. However, we know that GMBT wants to focus on sustainable development and growth. Wait for the IPO and keep GMBT stock on your radar.
Read the InvestorPlace.com assignment on the Queen’s Gambit SPAC news here for more information.
Nr. 4: Payoneer SPAC Merger News
SPACE: Ftac Olympus acquisition (NASDAQ:FTOC)
Private company: Payoneer
Want speculative SPAC merger news? Look no further than Payoneer and Ftac Olympus Acquisition. According to rumors, Ftac is in talks to announce Payoneer, which led to a rally in FTOC shares earlier this week.
What do you need to know about Payoneer then? At the moment there is no merger combination. However, such a deal would be very exciting because Payoneer is a fintech play. More specifically, it offers payment processing solutions.
Read the InvestorPlace.com assignment on the Payoneer SPAC news here for more information.
Nr. 5: REE Auto SPAC Merger News
SPACE: Burgundy Technology Acquisition (NASDAQ:BTAQ)
Private company: Unknown
Let me add a little clarification first. At the moment, we really do not know the acquisition goal of Burgundy Technology. However, users of social media are pretty sure that they have reduced the list. This is because there are two facts about BTAQ stocks that make it stand out. The first is that the company wants to bring a technology play. The second is that he wants to concentrate on an Israeli firm. To put two and two together, REE Auto and eToro are the best guesses.
Earlier this week, investors were hoping for confirmation of a REE Auto SPAC merger. This is because many consider REE Auto to be a competitor Kanoo (NASDAQ:GOEV), a popular EV startup. REE Auto offers another opportunity to take advantage of the craze.
Read the InvestorPlace.com assignment on the REE Auto SPAC news here for more information.
6: Hims & Hers SPAC Merger News
SPACE: First-time acquisition (NYSE:OAC)
Private company: Hims & Hers (NYSE:HIM)
This week was the end of an SPAC era and the beginning of life in the public markets for one company. That firm? Telehealth plays Hims & Hers. HIMS share rose this week on the New York Stock Exchange, which implies the hope that it is possible to dominate Teladoc (NYSE:TDOC).
What should investors know? Hims & Hers is an interesting company that occupies a unique place in the telecom health market. It caters to men, women and children, and also offers specialized services such as behavioral psychology and dermatology. While it will have to grow into truly competitive Teladoc in terms of telecom health consultations per year, there is a lot of hope at stake. Especially with Covid-19 catalysts, HIMS stock is one to look at.
Read the InvestorPlace.com assignment on the HIM & HERS SPAC news here for more information.
Nr. 7: Joby Aviation SPAC Merger News
SPACE: Unknown
Private company: Joby Aviation
Move up Blade urban air mobility, another disruptive transport company wants to be known through a special procurement company. According to a Reuters reported, Joby Aviation has appointed investment banks to solicit offers from SPACs.
But what exactly is Joby Aviation about? The company intends to offer driving services … except that it wants to offer the services via electric taxis. Another thing to note is that Joby recently acquired the assets for flying taxis Uber (NYSE:UBER). Joby is tracking a launch date in 2023, but the company is one that is starting to look now.
Read the InvestorPlace.com assignment on the Joby Aviation SPAC news here.
Nr. 8: Lucid Motors SPAC Merger News
SPACE: Churchill Capital IV (NYSE:CCIV)
Private company: Lucid Motors
Lucid Motors SPAC merger hopes have investors on edge this week. The latest news comes from the Los Angeles Times, which reported this morning that an agreement is on the way. However, Michael Klein and his Churchill Capital IV did not say a word about the merger. In fact, Klein said earlier this week that his blank check company is considering a variety of acquisition targets.
What else do investors need to know? There are a lot of risks and a lot of speculation here. However, if an agreement comes through, there is also a lot of potential. This is because many people consider Lucid Motors to be a true competitor Tesla (NASDAQ:TSLA) in the luxury space.
Read the InvestorPlace.com assignment on the Lucid Motors SPAC news here for more information.
Nr. 9: EVgo SPAC Merger News
SPACE: Climate change crisis Real impact I Acquisition Corporation (NYSE:CLII)
Private company: EVgo
Luckily for investors, Wall Street got some SPAC confirmation in the electric vehicle space. In fact, we heard this morning that EVgo will be made public.
What strikes me about this news? EVgo is actually the largest charging vehicle for electric vehicles in the United States, with more than 800 locations. This means that it offers investors an extraordinary opportunity to pull in on a trend – and it makes CLII shares look quite interesting. Keep this one on your radar too.
Read the InvestorPlace.com assignment on the EVgo SPAC news here for more information.
Nr. 9: Liberty Media SPAC Merger News
SPACE: Liberty Media Acquisition Corporation (NASDAQ:LMACU)
Private company: Unknown
Last but not least on the list of SPAC merger news is Liberty Media Acquisition this week. The new blank check business, launched by billionaire John Malone, plans to bring a media or entertainment business to the public markets. And importantly, the LMACU stock has just started trading.
But why do Malone and his Liberty Media make LMACU shares so attractive? Well, Malone recommends quite an empire. His business is divided into three parts: Liberty Media Formula One (NASDAQ:FWONA, NASDAQ:FWONK), Liberty Sirius XM (NASDAQ:LSXMA, NASDAQ:LSXMK), and Liberty Braves (NASDAQ:BATRA, NASDAQ:BATRK).
Read the InvestorPlace.com assignment on the Liberty Media SPAC news here for more information.
At the date of publication, Sarah Smith (directly or indirectly) held no positions in the securities mentioned in this article.
Sarah Smith is a web content maker for InvestorPlace.com.