Page 2 - வளர்ச்சி வாய்ப்புகள் கார்ப் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Gensler s SEC Announces Its Presence in SPAC Land
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Lionheart Acquisition Announces (LCAP) $32 6B SPAC Deal with MSP Recovery
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Dueling SPAC Narratives
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SPACs Get Beat Up Again
SPACs are getting increasingly battered as IPOs are scarce, pre-deal SPACs fall consistently below NAV, and announced deals continue to weaken. EV SPACs got hammered as two deals closed.
Author:
Another rough day for SPACs as
the average price for a pre-deal SPAC is now down to $9.88. SPACs with announced deals fared even worse with
almost 85% trading down today.
This morning did see one M&A announcement (see below), but that brings the week s total to just two announced and neither impressed.
It s clear the pace will remain slow until peak deal - i.e. when the 420+ SPACs that are searching for targets and feeling the pressure - forces the hand of the SPACs. Those SPACs are trading at an
CCC Information shareholders would own about 83.2% of the company upon completing the deal.
Insurance IT firm CCC Information Services is planning to go public through a merger with blank-check firm Dragoneer Growth Opportunities Corp (NYSE: DGNR.UT). CCC Information Services provides data and technology to auto and insurance firms. As stated on the company’s website, about 300 US insurers use its services. Dragoneer Growth Opportunities Corp, on the other hand, is sponsored by Dragoneer Investment Group, a growth-oriented investment firm based in San Francisco.
CCC Information’s SPAC Deal
According to a Reuters report, the deal between CCC Information Services and Dragoneer Growth Opportunities Corp valued the data and technology provider at about $7 billion. The report noted other benefits CCC Information could enjoy from the deal. Reuters said that CCC Information is expected to raise $968 million from the deal. Also, the company should secure an investment of $150 millio