Another 2 SPAC DAs today, offset by some liquidations. And the rest of the day’s news in SPACs.
SPAC Deal: Alpine (REVE) + Two Bit Circus and 2 Hotelsy
Alpine Acquisition Corporation (REVE) announces a DA with Two Bit Circus and 2 Hotels. Two Bit Circus is a “creator of the world’s first Micro-Amusement Parks and an experiential entertainment leader.” 2 Hotels is a full-service provider of conference hotels with 739 rooms and 135,000 square feet of conference facilities located in Denver, CO and Stamford, CT. Slide deck here.
SPAC Deal: KludeIn I Acquisition (INKA) + Near Intelligence Holdings
KludeIn I Acquisition (INKA) announces a DA with Near Intelligence Holdings (NIR), “a global SaaS leader in privacy-led data intelligence on people, places and products.” The transaction values Near Intelligence at a post-transaction pro-forma market capitalization of nearly $1 billion, assuming no redemptions. Expected gross proceeds of $268M (assuming no redemptions) and a $95M private placement. The Company has also secured a $100M committed equity financing facility from CF Principal Investments LLC.
Elsewhere in SPACs
- Cascade Acquisition Corp (CAS) not paying $2.3M for extension. Will liquidate at $10.10 on 5/24.
- Omnichannel Acquisition Corp. (OCA) will liquidate at $10.00 on 6/1.
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