Attack Recap News Today

Share: A leading electric micromobility company announced a SPAC deal Wednesday with plans to expand to more cities and new segments. The SPAC Deal: Bird announced a deal with Switchback II Corporation (NYSE: SWBK) valuing the company at $2.3 billion. Current Switchback II Corporation shareholders will own 10.8% of the company after the SPAC merger. About Bird: Bike is a leader in the shared short-range electric transportation market. The company was founded in 2017, introducing the first-ever...

Share: The SPAC Deal: SmartRent announced a SPAC merger with Fifth Wall Acquisition Corp I (NASDAQ: FWAA) valuing the company at $2.2 billion. There are no SPAC warrants involved in the deal, which means less dilution to shareholders later on. Founder shares are being given a three-year lockup to ensure the long-term investment in the company. Existing shareholders will have a six-month lockup on their shares. Investors in the company include Starwood Capital, Lennar Corporation (NYSE: LEN),...

It was another busy week for the SPAC market with numerous deal announcements and rumored deals. The market brought down the valuation of many SPACs late in the week. Here is a look back at the announced deals, rumors and some top headlines that were coverd on Benzingas "SPACs Attack... Read More...