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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 回顧:5 項合併公告、合併票、新 ETF 亮點繁忙週
Benzinga Real-time News ·  2020/12/21 01:04

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

上週,SPAC領域出現了一系列活動,宣佈了幾筆交易,宣佈了合併投票日期,並推出了一隻新的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.

以下是上週宣佈的SPAC新合併。
獨立半導體:這家面向汽車行業的半導體和軟件公司上市VIA SPAC雷霆大橋收購II(納斯達克:THBR),這筆交易對該公司的估值約為10億美元。
Indie已經與12家一級汽車供應商達成了協議,設備出貨量已經超過1億台。該公司正在增加其OEM滲透率和每輛車的內容。每輛車的硅含量現在達到310美元,預計將增長到每輛車4000美元,根據該公司的説法.
該公司表示,積壓了超過20億美元的交易。2020財年的收入預計為2300萬美元,預計從2023年開始將增長,預計為2.04億美元。
從2020年到2025年,Indie預計收入將以85%的複合年增長率增長。到2025年,該公司總收入的60%以上已經處於發貨或完成協議階段。

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

刀片:直升機公司Blade宣佈計劃合併使用空格體驗投資公司(納斯達克: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.

該公司的直升機載着人們進出美國市中心。Blade的四個關鍵目標是60至100英里的短途飛行、紐約機場之間的機場航班、在美國東北部運輸人體器官以及國際合資企業。
該公司2019年的收入為3300萬美元,擁有10條定期航線。該公司預計2024年收入將達到4.02億美元,預計有28條航線。
2025年,該公司計劃推出eVTOL電動垂直起降飛機。2025年的收入預計將達到6.01億美元,並開始隨着額外的飛行產品的增加而增長。

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:衞星網絡公司AST&Science LLC宣佈合併使用新普羅維登斯收購公司(納斯達克:NPA).
AST的投資者包括樂天、沃達豐集團(納斯達克:視頻點播)、三星、美國鐵塔公司(納斯達克:金額)和瑞銀集團(納斯達克:瑞銀集團).
該公司正試圖建立第一個可以直接通過普通手機訪問的天基寬帶網絡。現有的衞星網絡需要特殊的電話或設備才能連接到這些服務。
AST還需要幾年時間才能帶來可觀的收入。該公司預計到2023年將擁有900萬訂户和1.81億美元的收入。BarkBox:Bark是狗主人BarkBox月度訂閲的母公司,上市使用北極星收購公司(紐約證券交易所:STIC).
Bark每月通過BarkBox訂閲和零售商(如Amazon.com(納斯達克:AMZN), 目標公司(紐約證券交易所:TGT)、Petco、PetSmart和好市多批發公司(納斯達克:成本)。樹皮產品在23,000多家商店中都可以找到。
在大流行期間,BarkBox出現了快速增長。該公司於2019年推出了Bark Home,並於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.

寵物行業在2019年價值960億美元,預計還會增長。該公司預計,2021財年營收將同比增長65%,至3.65億美元。2022財年和2023財年的總額估計分別為5.16億美元和7.06億美元。
這筆交易對Bark的估值為2021年預期收入的3.5倍。競爭對手Chewy Inc.(納斯達克:CHWY), Freshket Inc.(納斯達克:FRPT)和Trupanion Inc.(納斯達克:TrUP)的市盈率分別為4.4倍、13.5倍和6.5倍。這三家競爭對手的股價今年上漲了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.

卡塔普特:租賃自有公司Katapult是上市使用Finserv收購公司(納斯達克:FSRV)。該公司允許消費者以分期付款的方式購買零售商品。該公司表示,它有150多個商業合作伙伴和140萬客户。
2019財年,Katapult的收入為9200萬美元。預計2020財年營收為2.5億美元。該公司預計,從2020年到2023年,收入將以87%的複合年增長率增長,達到11.3億美元。庫羅集團控股(納斯達克:庫羅)持有Katapult 40%的股份,上週五收盤上漲89%。Curo説,它將擁有新公司21%的股份,並從所持股份中獲得1.25億美元的現金。

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

合併投票:除了宣佈的新的SPAC合併外,過去一週還進行了幾次SPAC合併投票。

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(納斯達克:打開)將在完成合並後於週一開始以新的股票代碼進行交易社會資本Hedosopia控股公司II(納斯達克:IPOB).
Clever Leaves Holdings(納斯達克:CLVR)完成了與舒爾茨特殊目的收購公司(納斯達克:薩瑪).
博格菲國際(納斯達克:BFI)在成功合併後,上週開始在新的股票代碼下交易奧普斯收購公司(納斯達克:奧普斯).
移動體育和博彩公司Skillz Inc.(納斯達克:SKLZ)完成了與飛鷹收購公司(納斯達克:FEAC).
蘭卡迪亞控股二號(納斯達克:生命週期評價)股價週五下跌,原因是有消息稱,他們沒有獲得足夠的票數來完成交易。新的投票將於12月29日舉行。

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:還推出了一隻新的積極管理型SPAC ETF發射SPAC和新股ETF(紐約證券交易所:SPCX)來自塔特爾戰術管理公司。ETF將持有單位、普通股和可能的認股權證。
ETF持有SPAC,擁有優秀的管理團隊,但尚未宣佈交易。丘吉爾資本公司第四期(納斯達克:CCIV)是42家持股中規模最大的,佔資產的6.7%。比爾·福利的Foley Transimene收購(納斯達克:WPF)是第二大持有量。社會資本Hedosopia Holdings VI(納斯達克:IPOF)和社會資本Hedosopia Holdings V(納斯達克:IPOE)也都進入了前10名。

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

有關SPAC的更多報道,請查看BenzingaSPAC攻擊YouTube節目週一至週五美國東部時間上午11點播出。

譯文內容由第三人軟體翻譯。


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