A Weekly Update on Special Situations
  • Kaltura $KLTR confirmed receipt of an unsolicited proposal from Panopto.

  • Spirit $SAVE terminated its merger with Frontier $ULCC, agreed to buyout from JetBlue $JBLU.

  • Vnet Group $VNET MBK Partners reportedly considering making a bid above $8/share proposal VNET previously received.

  • ATN International $ATNI reportedly hired Goldman Sachs and is exploring a sale.

  • Radware $RDWR reportedly a takeover target for CrowdStrike $CRWD.

  • Vizio $VZIO subject of takeover interest from Comcast $CMCSA.

  • PayPal $PYPL gained on reports that Elliott Management took a stake in the company.

  • 3M $MMM announced plan to spin-off its health care business.

  • Labcorp $LH announced the spin-off of its clinical development business from its core lab and diagnostics business.
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IPO & SPAC Announcements in March 2021
Following the interest in these two topics, I'm coming back with two names that might be of interest to all of you.

IPOs
4: $OSCR | Oscar Health
10: $RBLX | Roblox
11: $CPNG | Coupang
17: $OLO | Olo, Inc.
24: $DOCN | DigitalOcean
25: $VZIO | VIZIO Holding
25: $SEMR SEMrush Holdings
26: $TDUP | ThredUp
31: $COUR | Coursera

SPACs
**_Rumors/Announcements/In talks:
Grab -- Weighs U.S. IPO Through SPAC Merger
British auto data start-up Wejo in talks to go public in $2 billion
APGB.U- Apollo Strategic Growth Capital’s SPAC deal has expanded from just Solera to include two more Vista portfolio companies: DealerSocket & Omnitracs. A deal could be valued at about $15 billion.
$QELL — Lilium, a German flying taxi startup, is in talks to merge with Qell, a SPAC led by former GM exec Barry Engle. A deal is set to value the combined co. at >$2bn.
$HZON — Swiss gambling data company Sportradar is in talks to go public through a merger with a SPAC led by LA Dodgers co-owner Todd Boehly (Horizon Acquisition Corp. II)
$AGC- Altimeter SPAC is and the talks with Grab
$SVOK — Boxed, an online retailer of groceries/household products in bulk, is in talks to go public through a merger with a SPAC (Seven Oaks Acquisition Corp.)
$ENFA — Buzzfeed is in talks to go public through 890 5th Avenue Partners, a SPAC named after the Avengers mansion

#### Confirmed deals
$MOTN Ambulnz (dba DocGo), a “leading provider of last-mile telehealth and integrate medical mobility services”
$NHIC EvolvTechnology, the “leader in AI-enabled touchless security screening”
$NBA @airspannetworks, a “leading 5G technology company”
$DMYI @ionq_inc, the “first publicly traded pure-play quantum computing company”.
$GWAC  Cipher Mining, a “newly-formed US-based Bitcoin mining company”
$RTPZ @hippo_insurance, a “company that is transforming the home insurance industry”
$SOAC @deepgreenmetals, a “developer of the world’s largest estimated resource of battery metals for EVs” (pre-revenue until 2024)
$VMAC @anghami, the leading music streaming platform in the Middle East and North Africa.
$CAP Doma, a disruptor in the closing process of the residential real estate industry.
$ACND Beacon Street Group, a subscription platform for financial research, software, and education.
$TWND QOMPLX, a leader in cloud-native risk analytics.
$NSH @spireglobal, a provider of space-based data and analytics.
$VACQ @rocketlab, an end-to-end space company and a global leader in launch.
$BOWX -@wework, shared workspace.
$SV -@aerofarms, indoor vertical farming.
$GNPK -@redwirespace next-generation space infrastructure.
$SPFR -
@velo3dmetal, high-value metal additive manufacturing market
$TBA -@ironsource, a business platform for the app economy
$CIIC -@arrival, EV
$MLAC - Asia Vision Network, Indonesia's fastest-growing OTT media provider
$SCPE -@rockleyphotonic integrated silicon photonic chips
$ITAC -@arbe_robotics, high-resolution 4D imaging radar technology
$FTCV -@etoro, social investment network
$SPNV -@offerpad, real estate platform
$DFNS -@ironnet, collective defense, and network detection
$CTAC -  KORE, IoT solutions and connectivity-as-a-service
$EMPW - Holley, performance automotive aftermarket platform
$EMPW — Holley, the “largest performance automotive aftermarket platform”.
$AJAX — @cazoouk, “UK’s leading online car retailer with a fast-growing presence in Europe”
$CMII -@somalogic, the “leading AI-data driven proteomics platform for advanced research and clinical apps”
$QELL — @lilium, “positioned to be the global leader in regional electric air mobility” (pre-revenue)
$LATN — Procaps Group, a “leading global pharmaceutical technology and healthcare company”

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