DA for LMAO and SeaStar Medical

by | Apr 22, 2022

Ending the week with a deal announcement. And the rest of the day’s news in SPACs.

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SPAC Deal: LMAO  + SeaStar Medical

LMF Acquisition Opportunities, Inc.(LMAO) announced a DA with SeaStar Medical, a MedTech company developing extracorporeal therapies to reduce the consequences of excessive inflammation on vital organs. The transaction values SeaStar Medical at an enterprise value of approximately $85 million. Expected completion in the third quarter of 2022.

Spring Valley Acquisition Corp. (SV)/ NuScale Makes Noise Ahead of Next Week’s Vote

Spring Valley Acquisition Corp. (SV) / NuScale Power has a press release ahead of next week’s vote on 4/28. The company announced a partnership with the U.S. Reactor Forging Consortium (RFC) to prepare NuScale to deploy its small modular reactor (SMR) technology to customers.

Deadline Extension: Better World Acquisition Corp. (BWAC)

Better World Acquisition Corp. (BWAC) sets 5/12 for extension vote, an increase of $0.10 per share depending on redemptions for extension to August. Current NAV ~$10.30, up to $10.40 on high redemptions.

Elsewhere in SPACs

  • TradeUP Global Corp. (TUGC). 2M shares redeemed in TUGC / SAITECH (SAI) vote. No specifics on time to close.

Upcoming Merger and Extension Votes

Source: Boardroom Alpha

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<a href="https://www.boardroomalpha.com/author/joanna/" target="_self">Joanna Makris</a>

Joanna Makris

Joanna has been analyzing and investing in emerging technologies for over two decades, having led the Technology, Media, and Telecom research at several global investment banks, including Mizuho Securities and Canaccord Genuity. Navigating stock market volatility since it all began in 2000. Banjo player, artist, and frittata-maker.

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