Spac weekly | radiation pollution treatment developer captura biopharma will be listed through spac merger
1.Rumble spac cfvi said that the SEC announced that the S-4 application was effective and the vote was scheduled for September 15
Spac CF acquisition VI (nasdqa: cfvi) $CF Acquisition Corp VI(CFVI.US$ agreed to merge with YouTube’s rival rumble in December last year. This week, the company announced that the US Securities and Exchange Commission announced that its S-4 registration statement had taken effect.
According to a statement, cfvi will hold a special shareholders’ meeting on September 15 to vote on its merger with rumble. The business combination is expected to end shortly after the special shareholders’ meeting of cfvi and rumble. After the transaction is completed, the common shares and redeemable warrants of the merged company will be traded on NASDAQ with the stock code “rum”.
Rumble and spac cfvi (cfvi) gained attention this year because rumble platform announced a cooperation with former US President Donald Trump’s social media company and its platform truth social. Trump’s media company will also be listed through the merger with spac digital world acquisition (dwac).
When the deal was announced in early December, rumble was valued at about $2.1 billion. Rumble’s video platform has become more and more popular with conservative content producers. Earlier this year, Chris Pavlovsky, CEO of rumble, offered Joe Rogan, a controversial podcast host, a $100 million contract. When he left spotify (spot) and joined rumble, rumble received extensive attention from the market.
2. Caspi oil gas of Kazakhstan will be listed through merger with spac liberty resources
Caspi oil gas company of Kazakhstan plans to be listed through the merger with spac liberty resources acquisition Corp. (nasdqa: Liby). $Liberty Resources Acquisition Corp(LIBY.US$ After the merger, the company is valued at US $428 million. The two companies said that if liberty shareholders did not redeem their shares, the transaction would bring the combined entity’s market value to about $452 million. The transaction also requires the merged company to declare a dividend of at least US $0.50 per outstanding share after the transaction is completed.
Caspi and liberty plan to execute the merger agreement before September 15, which is the end date of the exclusive period specified in their acquisition letter. With the consent of both parties, this period may be extended to allow more time to meet the conditions of their merger agreement.
Caspi is a subsidiary of markmore energy, which is the development right owner of rakushechnoye oilfield in West Kazakhstan. And spac liberty held an IPO in November last year, raising US $100 million.
3. Captura biopharma, a developer of radiation pollution treatment, will be listed through merger with spac oceantech
Captura biopharma is a developer of radiation pollution and heavy metal poisoning treatment. It plans to be listed through the merger with spac oceantech acquisition I Corp. (NASDAQ: OTEC). The two companies said that if oceantech’s shareholders did not redeem, the transaction would give the merged company a market value of US $224 million. The transaction is expected to be completed in the fourth quarter, and it is expected that the merged shares will continue to be traded on NASDAQ.
In early June this year, oceantech said that it had deposited US $1.6 million in its trust account, equivalent to US $0.15 per public shareholder, in order to extend the deadline for completing the business merger from June 2 to December 2.
4. Nuburu, an industrial laser developer, will merge with spac tailwind, with a combined valuation of $350 million
Nuburu, an industrial laser developer, plans to merge with spac tailwind acquisition Corp. (NYSE: twnd) for listing, with a combined valuation of $350 million. If not redeemed, the transaction will bring about a total income of about $334 million to the merged company. Nuburu is also expected to obtain another $100 million in financing through an agreement with Lincoln park capital. After the transaction, nuburu’s shares are expected to use Buru as the stock symbol. The transaction is expected to be completed in early 2023.
Nuburu is headquartered in Colorado. It is reported that nuburu has developed a blue laser technology that can improve the productivity of welding and reflective metal 3D printing.
In August last year, tailwind announced that its merger with qomplx, a risk analysis company, failed. At that time, the two sides terminated and merged due to market environment. This new merger transaction ended the speculation about tailwind’s M & a plan. In April this year, it was reported that tailwind was interested in acquiring the baby Department of bed, Bath & beyond. A month earlier, it was said to be negotiating a deal with Games Global that would value the combined company at about $3 billion.
5. Central processor algorithm service provider Viyi algorithm will be merged with spac Venus, with a combined valuation of $400 million
Viyi algorithm has been integrated with spac Venus Acquisition Corporation (NASDAQ: vena) $Venus Acquisition Corp(VENA.US$ has reached a final merger agreement, which will make Viyi algorithm a listed company. After the transaction is completed, the merged company will be named microalgo Inc. the transaction estimates the merged company at about US $400 million.
Viyi algorithm is the world’s leading central processing algorithm service provider, dedicated to the development and application of customized central processing algorithms. By integrating the central processing algorithm with software or hardware or both, Viyi algorithm provides customers with comprehensive solutions to help them increase the number of customers, improve the satisfaction of end users, achieve direct cost savings, reduce power consumption, and achieve technical goals. The service scope of Viyi algorithm includes algorithm optimization, which can accelerate computing capacity without hardware upgrade, lightweight data processing and data intelligence services. The ability of Viyi algorithm to effectively provide customers with software and hardware optimization through customized central processing algorithm is the driving force for the long-term development of Viyi algorithm.
At present, Viyi algorithm is committed to developing and providing central processing algorithm solutions for customers engaged in Internet advertising, games and smart chips. In addition, due to the continuous growth of the Internet population and the popularity of AI, and the general demand for more efficient data processing in various industries, the customer base of Viyi algorithm is growing rapidly. According to CIC report, the central processing algorithm service revenue generated by Internet advertising and online games alone increased from 2.2 billion yuan in 2016 to 6.9 billion yuan in 2020, with a compound annual growth rate of 32.7%. It is expected that the market will maintain a rapid growth trend and grow at a compound annual growth rate of 15% from 2020 to 2025.
Viyi algorithm’s revenue mainly comes from (I) central processing algorithm services for Internet advertising and Internet game industry, and (II) smart chips and services including software development. This transaction has been unanimously approved by the boards of directors of both parties and is expected to be completed in the third quarter of 2022.
Spac CF acquisition VI (nasdqa: cfvi) $CF Acquisition Corp VI(CFVI.US$ agreed to merge with YouTube’s rival rumble in December last year. This week, the company announced that the US Securities and Exchange Commission announced that its S-4 registration statement had taken effect.
According to a statement, cfvi will hold a special shareholders’ meeting on September 15 to vote on its merger with rumble. The business combination is expected to end shortly after the special shareholders’ meeting of cfvi and rumble. After the transaction is completed, the common shares and redeemable warrants of the merged company will be traded on NASDAQ with the stock code “rum”.
Rumble and spac cfvi (cfvi) gained attention this year because rumble platform announced a cooperation with former US President Donald Trump’s social media company and its platform truth social. Trump’s media company will also be listed through the merger with spac digital world acquisition (dwac).
When the deal was announced in early December, rumble was valued at about $2.1 billion. Rumble’s video platform has become more and more popular with conservative content producers. Earlier this year, Chris Pavlovsky, CEO of rumble, offered Joe Rogan, a controversial podcast host, a $100 million contract. When he left spotify (spot) and joined rumble, rumble received extensive attention from the market.
2. Caspi oil gas of Kazakhstan will be listed through merger with spac liberty resources
Caspi oil gas company of Kazakhstan plans to be listed through the merger with spac liberty resources acquisition Corp. (nasdqa: Liby). $Liberty Resources Acquisition Corp(LIBY.US$ After the merger, the company is valued at US $428 million. The two companies said that if liberty shareholders did not redeem their shares, the transaction would bring the combined entity’s market value to about $452 million. The transaction also requires the merged company to declare a dividend of at least US $0.50 per outstanding share after the transaction is completed.
Caspi and liberty plan to execute the merger agreement before September 15, which is the end date of the exclusive period specified in their acquisition letter. With the consent of both parties, this period may be extended to allow more time to meet the conditions of their merger agreement.
Caspi is a subsidiary of markmore energy, which is the development right owner of rakushechnoye oilfield in West Kazakhstan. And spac liberty held an IPO in November last year, raising US $100 million.
3. Captura biopharma, a developer of radiation pollution treatment, will be listed through merger with spac oceantech
Captura biopharma is a developer of radiation pollution and heavy metal poisoning treatment. It plans to be listed through the merger with spac oceantech acquisition I Corp. (NASDAQ: OTEC). The two companies said that if oceantech’s shareholders did not redeem, the transaction would give the merged company a market value of US $224 million. The transaction is expected to be completed in the fourth quarter, and it is expected that the merged shares will continue to be traded on NASDAQ.
In early June this year, oceantech said that it had deposited US $1.6 million in its trust account, equivalent to US $0.15 per public shareholder, in order to extend the deadline for completing the business merger from June 2 to December 2.
4. Nuburu, an industrial laser developer, will merge with spac tailwind, with a combined valuation of $350 million
Nuburu, an industrial laser developer, plans to merge with spac tailwind acquisition Corp. (NYSE: twnd) for listing, with a combined valuation of $350 million. If not redeemed, the transaction will bring about a total income of about $334 million to the merged company. Nuburu is also expected to obtain another $100 million in financing through an agreement with Lincoln park capital. After the transaction, nuburu’s shares are expected to use Buru as the stock symbol. The transaction is expected to be completed in early 2023.
Nuburu is headquartered in Colorado. It is reported that nuburu has developed a blue laser technology that can improve the productivity of welding and reflective metal 3D printing.
In August last year, tailwind announced that its merger with qomplx, a risk analysis company, failed. At that time, the two sides terminated and merged due to market environment. This new merger transaction ended the speculation about tailwind’s M & a plan. In April this year, it was reported that tailwind was interested in acquiring the baby Department of bed, Bath & beyond. A month earlier, it was said to be negotiating a deal with Games Global that would value the combined company at about $3 billion.
5. Central processor algorithm service provider Viyi algorithm will be merged with spac Venus, with a combined valuation of $400 million
Viyi algorithm has been integrated with spac Venus Acquisition Corporation (NASDAQ: vena) $Venus Acquisition Corp(VENA.US$ has reached a final merger agreement, which will make Viyi algorithm a listed company. After the transaction is completed, the merged company will be named microalgo Inc. the transaction estimates the merged company at about US $400 million.
Viyi algorithm is the world’s leading central processing algorithm service provider, dedicated to the development and application of customized central processing algorithms. By integrating the central processing algorithm with software or hardware or both, Viyi algorithm provides customers with comprehensive solutions to help them increase the number of customers, improve the satisfaction of end users, achieve direct cost savings, reduce power consumption, and achieve technical goals. The service scope of Viyi algorithm includes algorithm optimization, which can accelerate computing capacity without hardware upgrade, lightweight data processing and data intelligence services. The ability of Viyi algorithm to effectively provide customers with software and hardware optimization through customized central processing algorithm is the driving force for the long-term development of Viyi algorithm.
At present, Viyi algorithm is committed to developing and providing central processing algorithm solutions for customers engaged in Internet advertising, games and smart chips. In addition, due to the continuous growth of the Internet population and the popularity of AI, and the general demand for more efficient data processing in various industries, the customer base of Viyi algorithm is growing rapidly. According to CIC report, the central processing algorithm service revenue generated by Internet advertising and online games alone increased from 2.2 billion yuan in 2016 to 6.9 billion yuan in 2020, with a compound annual growth rate of 32.7%. It is expected that the market will maintain a rapid growth trend and grow at a compound annual growth rate of 15% from 2020 to 2025.
Viyi algorithm’s revenue mainly comes from (I) central processing algorithm services for Internet advertising and Internet game industry, and (II) smart chips and services including software development. This transaction has been unanimously approved by the boards of directors of both parties and is expected to be completed in the third quarter of 2022.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
