SPAC Deal for 8i Acquisition 2 Corp. (LAX) and EUDA Health. A look at upcoming merger and extension votes. And the rest of the day’s news in SPACs.
SPAC Deal: 8i Acquisition 2 Corp. (LAX) + EUDA Health
8i Acquisition 2 Corp.(LAX) announced a definitive agreement to merge with Singapore-based digital health platform EUDA Health. The deal values EUDA Health at an enterprise value of $673M. No PIPE. Cash proceeds raised will consist of 8i’s approximately $86.3 million of cash in trust (before redemptions). Additional earnouts in the form of 9 million total shares will be awarded post-transaction close if EUDA’s share price reaches $15, $20 and $25 over three years. Slide deck here.
L&F Acquisition Corporation I (LNFA) Extends
L&F Acquisition Corp. (LNFA) sets 5/3 extension vote (out to August). $10.15 in trust. The SPAC has a pending deal announcement with ZeroFox since Dec.
Elsewhere in SPACs
Upcoming Merger and Extension Votes
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