The Art of Standing Out: The Merger Agreement Between Rice Acquisition Corp. (RICE), Aria Energy, and Archaea Energy Shows That the SPAC Boom Is Far From Over Apr 9, 2021 07:36 EDT
Rice Acquisition Corp. (NYSE:RICE) shocked analysts yesterday when its shares surged over 50 percent in a move that is reminiscent of the SPAC heydays. Yesterday’s price action in Rice Acquisition shares, coupled with that in Mudrick Capital Acquisition Corp. (NASDAQ:MUDS) earlier in the week, shows that the SPAC boom remains very much alive.
Of course, the fact that this merger agreement is a trilateral one has served to boost interest in Rice Acquisition shares. To wit, the SPAC is now slated to merge with Aria Energy and Archaea Energy to create a leading platform for the production of Renewable Natural Gas (RNG) in the US. In order to produce RNG in a sustainable manner, the post-merger company plans to capture biogas from landfills and then use on-site processing to remove impurities and inc
ICR Puts Topps Back into Wall Street Game odwyerpr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from odwyerpr.com Daily Mail and Mail on Sunday newspapers.
Shares of Mudrick Capital Acquisition Corp. II (NASDAQ:MUDS) surged 16% on Tuesday after the special purpose acquisition company (SPAC) announced its plans to bring The Topps Company public.
The merger values Topps at an enterprise value of $1.3 billion, or roughly 12.5 times its projected adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2021. The sports card and candy company enjoyed a 23% jump in sales in 2020 to a record $567 million.
Topps is working to broaden its e-commerce and mobile applications as part of its digital initiatives. It s also making a push into the rapidly expanding non-fungible tokens (NFTs) market. We believe Topps culture of innovation, strong management team, expanding margins, robust cash flow, and conservative balance sheet set it apart from other consumer growth companies, Mudrick Capital Founder and Chief Investment Officer Jason Mudrick said in a press release. It also is well situated with a unive
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Card collectors have been bidding up Topps cards to record heights over the past year. Now, Michael Eisner and hedge fund manager James Mudrick are planning to allow stock investors the same chance with Topps itself; the duo have inked a deal to bring the collectibles business public in a $1.3 billion SPAC deal. A blank check business, Mudrick Capital Acquisition Corp. II, is bringing public Eisner’s closely held Topps in a deal that includes up to $571 million in cash.