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GLOBAL WARMING SOLUTIONS, INC PLANS TO ESTABLISH CORPORATE-SPONSORED SPAC (SPECIAL PURPOSE ACQUISITION COMPANY) TO ACQUIRE COMPANIES IN RENEWABLE ENERGY AND ELECTRIC VEHICLES SPACE – Padovanews
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GLOBAL WARMING SOLUTIONS, INC PLANS TO ESTABLISH CORPORATE-SPONSORED SPAC (SPECIAL PURPOSE ACQUISITION COMPANY) TO ACQUIRE COMPANIES IN RENEWABLE ENERGY AND ELECTRIC VEHICLES SPACE
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NEW YORK, Jan. 11, 2021 /PRNewswire/ Life sciences mergers and acquisitions (M&A) activity totaled US$159b in 2020, down from US$306b in 2019, reaching one of the lowest levels since 2014, according to the 2021 EY
, launched today. A single megadeal – AstraZeneca s December purchase of Alexion Pharmaceuticals – accounted for a quarter of the annual life sciences M&A spend. Setting aside the challenges of doing diligence and closing deals virtually due to the COVID-19 pandemic, persistently high valuations for biopharma and medtech targets kept many would-be buyers on the sidelines, in what was already expected to be a difficult year. In this unfavorable environment, biopharma acquirers refocused their energy on alliances and smaller, bolt-on deals in high-priority therapeutic areas. Medtechs experienced revenue slowdowns due to the cancellation or deferment of procedures in 2020.
Bakkt to Go Public via SPAC at $2.1 Billion Valuation
January 11, 2021 @ 9:26 am By JD Alois
Bakkt, is the latest Fintech to become a publicly-traded firm via a Special Purpose Acquisition Company (SPAC). Bakkt is the creation of the
Intercontinental Exchange (ICE) the parent company of the
New York Stock Exchange.
Bakkt is a regulated digital asset exchange that also provides a digital wallet.
Bakkt Holdings, LLC and
VPC Impact Acquisition Holdings (NASDAQ: VIH), a SPAC sponsored by Victory Park Capital, have entered into a definitive agreement for a business combination that will result in Bakkt trading on the NYSE with an enterprise value of approximately $2.1 billion. VPC completed its initial public offering in September 2020.
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