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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.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Property Solutions Acquisition Corp. II Securities to Commence Separate Trading
April 8, 2021 GMT
NEW YORK (BUSINESS WIRE) Apr 7, 2021
Property Solutions Acquisition Corp. II (Nasdaq: PSAGU) (the “Company”) announced today that separate trading of its Class A common stock and warrants underlying the Company’s units would commence on or about April 9, 2021. The common stock and warrants will trade under the symbols “PSAG” and “PSAGW”, respectively. Units not separated will continue to be listed on the Nasdaq Capital Market under the symbol “PSAGU”.
Property Solutions Acquisition Corp. II is a newly incorporated blank check company, incorporated as a Delaware company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. While Property Solutions Acq
SPAC Market Continues Recovery & Biggest SPAC Discounts for Thursday
The SPAC market has come back to an equilibrium where pre-deal SPACs trade close to NAV, good deals get rewarded, post-announcement execution can drive big returns, and strong IPOs could see high demand and a little pop too.
Author:
Apr 8, 2021
SPAC investors should be pleased with how the SPAC market went from peak SPAC just a few months ago to operating efficiently. There is still more to get cleared out and any combination of bad deals, silly IPOs, or bad news could change the mood, but for now investors will have confidence in the way it is operating.
Avenal gets new economic development director
County planner Kao Nou Yang has relocated to the community of Avenal to become their Community/Economic Development Director and likely stir things up for the better. Kao says she is excited about the potential this low income Kings County city has, including plans for new housing, retail projects and energy development.
Among the projects she is working on:
â looking to attract new solar and wind companies to the cityâs vast and varied landscape including to land in the city limits east of I-5. She also is starting to work with Chevron to see how she can assist with their petroleum projects.