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The Station: Exits at Waymo and Bird s SPAC reveals its scooter-nomics
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Grab in Advanced Talks to Merge With Altimeter s First SPAC
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DeepGreen Metals Inc. and Sustainable Opportunities Acquisition Corporation
DeepGreen, Developer of the World s Largest Estimated Resource of Battery Metals for EVs, to Combine with Sustainable Opportunities Acquisition Corporation
Friday, March 5, 2021 10:00AM IST (4:30AM GMT)
Vancouver, British Columbia, Canada & Dallas, Texas, United States:
Transaction combines the first ESG-focused SPAC with a developer of the world’s largest and highest-grade estimated source of electric vehicle (EV) battery metals that are expected to be produced at low cost with dramatically reduced social and environmental impact
Pro forma equity value of the combined company is expected to be approximately US$2.9 billion. Upon closing, the combined company will operate as The Metals Company and is expected to be listed under the ticker TMC
(Bloomberg) 3D printer-maker Markforged Inc. has agreed to go public through a merger with a blank-check company started by Eventbrite Inc. co-founder Kevin Hartz.The deal with Hartz’s special purpose acquisition company, One, values the combined equity at $2.1 billion, the companies said in a statement.Kevin Hartz’s, One’s chief executive officer, said in an interview that his SPAC looked at 200 companies before choosing Markforged.To support the transaction, the SPAC will raise $210 million from investors including Baron Capital Group, BlackRock Inc., Miller Value Partners, Wasatch Global Investors and Wellington Management. Microsoft Corp.’s Venture Fund and Porsche Automobil Holding SE will also participate in the private investment in public equity, or PIPE.One of Markforged’s rivals, Desktop Metal Inc., went public in December through a merger with another SPAC, Trine Acquisition Corp.Markforged, based in Watertown, Massachusetts, was founded
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