SPAC Deals on a Daily Double

by | May 19, 2022

Another 2 SPAC DAs today, offset by some liquidations. And the rest of the day’s news in SPACs.

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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

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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