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SPAC Recap: 5 Merger Announcements, Merger Votes, New ETF Highlight Busy Week

SPAC Recap: 5 Merger Announcements, Merger Votes, New ETF Highlight Busy Week

SPAC回顾:5项合并公告,合并投票,新ETF突出繁忙一周
Benzinga Real-time News ·  2020/12/20 18:04

Last week saw a flurry of activity in the SPAC world with several deals announced, merger vote dates and a new SPAC ETF.

上周,SPAC世界出现了一系列活动,宣布了几笔交易,合并投票日期,以及一只新的SPAC ETF。

Here are the new SPAC mergers that were announced last week.
Indie Semiconductor: This semiconductor and software company for the automotive industry is going public via SPAC Thunder Bridge Acquisition II (NASDAQ:THBR) in a deal that values the company at about $1 billion.
Indie has deals in place with 12 tier-1 automotive suppliers and has already shipped more than 100 million devices. The company is increasing its OEM penetration and content per vehicle. Silicon content per vehicle amounts to $310 now and is expected to grow to $4,000 per vehicle, according to the company.
The company says it has a backlog of over $2 billion in deals. Revenue is estimated at $23 million for fiscal 2020 and is expected to ramp up beginning in 2023 with estimates of $204 million.
From 2020 to 2025, Indie sees revenue growing at a compounded annual growth rate of 85%. Over 60% of aggregate revenue through 2025 is already at the shipping or completed-agreement stage for the company.

以下是上周宣布的SPAC新合并。独立半导体公司:这家面向汽车行业的半导体和软件公司上市通过空间ThunderBridge Acquisition II(雷桥采集II)(纳斯达克:THBR),这笔交易对该公司的估值约为10亿美元。INDIE与12家一级汽车供应商达成了协议,设备出货量已经超过1亿台。该公司正在增加每辆车的OEM渗透率和内容。每辆车的硅含量现在达到310美元,预计将增长到每辆车4000美元,据该公司介绍,.该公司表示,积压了超过20亿美元的交易。2020财年的收入预计为2300万美元,预计从2023年开始将增长,预计为2.04亿美元。从2020年到2025年,Indie预计收入将以85%的复合年增长率增长。到2025年,该公司总收入的60%以上已经处于发货或完成协议阶段。

Blade: Helicopter company Blade announced plans to merge with SPAC Experience Investment Corp (NASDAQ:EXPC).

刀片式服务器:直升机公司Blade宣布计划合并使用空格体验投资公司(纳斯达克:EXPC).

The company’s helicopters fly people in and out of U.S. city centers. The four key targets for Blade are short-distance flights of 60 to 100 miles, airport flights between New York airports, transporting human organs in the northeast U.S. and international joint ventures.
The company had revenue of $33 million in 2019 with 10 scheduled flight routes. The company expects revenue to hit $402 million in 2024 with 28 expected flight routes.
In 2025, the company plans to launch its eVTOL electric vertical takeoff and landing aircraft. Revenue for 2025 is expected to hit $601 million and begin ramping up with the additional flying product.

该公司的直升机载着人们进出美国市中心。Blade的四个关键目标是60到100英里的短途飞行,纽约机场之间的机场航班,在美国东北部运输人体器官和国际合资企业。该公司2019年的收入为3300万美元,拥有10条定期航线。该公司预计2024年收入将达到4.02亿美元,预计有28条航线。2025年,该公司计划推出eVTOL电动垂直起降飞机。2025年的收入预计将达到6.01亿美元,并开始随着额外的飞行产品的增加而增长。

AST: Satellite network company AST & Science LLC announced a merger with New Providence Acquisition Corp (NASDAQ:NPA).
Investors in AST include Rakuten, Vodafone Group (NASDAQ:VOD), Samsung, American Tower Corporation (NASDAQ:AMT) and UBS Group (NASDAQ:UBS).
The company is attempting to build the first space-based broadband network accessible directly by regular mobile phones. Existing satellite networks require special phones or devices to connect to the services. 
AST is several years away from bringing in significant revenue. The company envisions having 9 million subscribers and $181 million in revenue in 2023.BarkBox: Bark, the parent company of the BarkBox monthly subscription for dog owners, is going public with Northern Star Acquisition Corp (NYSE:STIC).
Bark serves over 1 million dog owners monthly through BarkBox subscriptions and retailers such as Amazon.com (NASDAQ:AMZN), Target Corporation (NYSE:TGT), Petco, PetSmart and Costco Wholesale Corporation (NASDAQ:COST). Bark products can be found in over 23,000 stores.
BarkBox saw rapid growth during the pandemic. The company launched Bark Home in 2019 and Bark Eats and Bark Bright in 2020.

AST:卫星网络公司AST&Science LLC宣布合并使用新普罗维登斯收购公司(纳斯达克:NPA).AST的投资者包括乐天(Rakuten)、沃达丰集团(纳斯达克:视频点播)、三星、美国塔楼公司(纳斯达克:AMT)和瑞银集团(UBS Group)(纳斯达克:瑞银集团(UBS)).该公司正试图建立第一个可以直接通过普通手机访问的天基宽带网络。现有的卫星网络需要特殊的电话或设备才能连接到这些服务。AST还需要几年时间才能带来可观的收入。该公司预计到2023年将拥有900万订户和1.81亿美元的收入。BarkBox:Bark是狗主人BarkBox月度订阅的母公司,上市使用北极星收购公司纽约证券交易所代码:STIC).Bark每月通过BarkBox订阅和零售商(如Amazon.com(纳斯达克:AMZN), 目标公司纽约证券交易所代码:TGT)、Petco、PetSmart和好市多批发公司(纳斯达克:成本)。树皮产品在23,000多家商店中随处可见。在大流行期间,BarkBox出现了快速增长。该公司于2019年推出了Bark Home,并于2020年推出了Bark Eats和Bark Bright。

The pet industry was worth $96 billion in 2019 and is expected to grow. The company estimates fiscal 2021 revenue will grow 65% year-over-year to $365 million. Fiscal 2022 and 2023 totals are estimated at $516 million and $706 million, respectively.
The deal values Bark at 3.5x estimated 2021 revenue. Competitors Chewy Inc (NASDAQ:CHWY), Freshpet Inc (NASDAQ:FRPT) and Trupanion Inc (NASDAQ:TRUP) trade at multiples of 4.4x, 13.5x and 6.5x, respectively. The share prices of the three competitors are up by over 100% this year.

宠物行业在2019年价值960亿美元,预计还会增长。该公司预计,2021财年营收将同比增长65%,至3.65亿美元。2022财年和2023财年的总额估计分别为5.16亿美元和7.06亿美元。这笔交易对Bark的估值是2021年预计收入的3.5倍。竞争对手Chewy Inc.(纳斯达克:CHWY), Freshet Inc.(纳斯达克:FRPT)和Trupanion Inc.(纳斯达克:TRUP)市盈率分别为4.4倍、13.5倍和6.5倍。这三家竞争对手的股价今年上涨了100%以上。

Katapult: Lease-to-own company Katapult is going public with Finserv Acquisition Corp (NASDAQ:FSRV). The company lets consumers pay for retail purchases in installments. The company says it has over 150 merchant partners and 1.4 million customers.
Revenue for Katapult was $92 million in fiscal 2019. Revenue is estimated to be $250 million in fiscal 2020. The company sees revenue growing at a compounded annual growth rate of 87% from 2020 to 2023 hitting $1.13 billion. Curo Group Holdings (NASDAQ:CURO) owns 40% of Katapult and saw shares close 89% higher Friday. Curo said it will own 21% of the new company and receive $125 million in cash for its stake.

卡塔普:租赁自有公司Katapult是上市使用Finserv收购公司(纳斯达克:FSRV)。该公司允许消费者分期付款购买零售商品。该公司表示,它有150多个商业合作伙伴和140万客户。Katapult在2019财年的收入为9200万美元。预计2020财年营收为2.5亿美元。该公司预计,从2020年到2023年,收入将以87%的复合年增长率增长,达到11.3亿美元。库罗集团控股(纳斯达克:库罗)拥有Katapult 40%的股份,周五收盘上涨89%。Curo表示,它将拥有新公司21%的股份,并从所持股份中获得1.25亿美元的现金。

Merger Votes: Along with the new SPAC mergers that were announced, the past week saw several SPAC merger votes.

合并投票:除了宣布的新的SPAC合并外,过去一周还进行了几次SPAC合并投票。

Opendoor (NASDAQ:OPEN) will begin trading Monday under a new ticker after completing its merger with Social Capital Hedosophia Holdings Corp II (NASDAQ:IPOB).
Clever Leaves Holdings (NASDAQ:CLVR) completed its merger with Schultze Special Purpose Acquisition Corp (NASDAQ:SAMA).
BurgerFi International (NASDAQ:BFI) began trading under a new ticker last week after a successful merger with OPES Acquisition Corp (NASDAQ:OPES).
Mobile esports and betting company Skillz Inc (NASDAQ:SKLZ) completed its merger with Flying Eagle Acquisition Corp (NASDAQ:FEAC).
Lancadia Holdings II (NASDAQ:LCA) shares fell Friday on news that they did not get enough votes to complete their deal. A new vote will now be held on December 29.

OpenDoor(纳斯达克:打开)在完成合并后,将于周一开始以新的股票代码进行交易社会资本Hedosophia控股公司II(纳斯达克:IPOB).聪明的叶子控股公司(纳斯达克:CLVR)完成了与舒尔茨特殊目的收购公司(纳斯达克:萨马).汉堡国际(纳斯达克:BFI)在成功合并后,上周开始以新的股票代码进行交易奥普斯收购公司(纳斯达克:奥普斯).移动体育博彩公司Skillz Inc.(纳斯达克:SKLZ)完成了与飞鹰收购公司(纳斯达克:FEAC).兰卡迪亚控股II(纳斯达克:生命周期评价)股价周五下跌,因有消息称,他们没有获得足够的票数来完成交易。新的投票将于12月29日举行。

New SPAC ETF: A new actively managed SPAC ETF was also launched with the SPAC and New Issues ETF (NYSE:SPCX) from Tuttle Tactical Management. The ETF will hold units, common shares and possibly warrants.
The ETF holds SPACs with good management teams that have not announced deals yet. Churchill Capital Corp IV (NASDAQ:CCIV) is the largest of 42 holdings, making up 6.7% of assets. Bill Foley’s Foley Transimene Acquisition (NASDAQ:WPF) is the second largest holding. Social Capital Hedosophia Holdings VI (NASDAQ:IPOF) and Social Capital Hedosophia Holdings V (NASDAQ:IPOE) also are both in the top 10.

新SPAC ETF:还推出了一只新的积极管理的SPAC ETF发射SPAC与新股ETF纽约证券交易所代码:SPCX)来自塔特尔战术管理公司(Tuttle Tactical Management)。ETF将持有单位、普通股和可能的认股权证。ETF持有SPAC,拥有优秀的管理团队,尚未宣布交易。丘吉尔资本公司(Churchill Capital Corp IV)(纳斯达克:CCIV)是42家持股中规模最大的,占资产的6.7%。比尔·福利的Foley Transimene收购(纳斯达克:WPF)是第二大持有量。社会资本Hedosophia Holdings VI(纳斯达克:IPOF)和社会资本Hedosophia Holdings V(纳斯达克:IPOE)也都进入了前10名。

For more SPAC coverage, check out Benzinga's SPACs Attack YouTube show airing Monday through Friday at 11AM ET. 
 

有关SPAC的更多报道,请查看Benzinga的SPAC攻击YouTube节目周一至周五美国东部时间上午11点播出。

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