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btwn is considering a potential merger with TokopediaBridgetown Holdings Ltd., the blank-check company backed by billionaires Richard Li and Peter Thiel , is considering a potential merger with Indonesia’s e-commerce giant PT Tokopedia, according to people with knowledge of the matter. he special purpose acquisition company is exploring the structure and feasibility of a deal with Tokopedia, one of the most valuable startups in the southeast Asian nation, the people said. The SoftBank Group Corp.-backed firm could be valued at $8 billion to $10 billion in a transaction, said the people, who asked not to be identified as the discussions are private. Deliberations are at a prelim Bridgetown raised $550 million in a U.S. initial public offering in October, following other so-called blank-check companies such as those associated with billionaire investor Bill Ackman and former U.S. House Speaker Paul Ryan. Merging with a SPAC has become an increasingly popular method for closely held businesses to raise capital for growth. A potential merger with Tokopedia would also be in- Merging with a SPAC has become an increasingly popular method for closely held businesses to raise capital for growth. A potential merger with Tokopedia would also be in-line with the strategy that Bridgetown set out in its prospectus: to focus on a target in the technology, financial services or media sectors in Southeast Asia. Tokopedia became Indonesia’s second most valuable startup, just behind ride-hailing and delivery giant Gojek, by scoring early backing from SoftBank and Alibaba Group Holding Ltd. Alphabet Inc.’s Google and Temasek Holdings Pte invested about $350 million in Tokopedia, people familiar with the matter have said. E-commerce platforms including Tokopedia, Alibaba’s Lazada Group and Shopee -- a unit of Singapore-based Sea Ltd. -- have been some of the beneficiaries of coronavirus-driven lockdowns this year as they moved quickly to serve the millions of people forced to make their first online purchases while staying home. www.bloombergquint.com
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by AlenCiken
Advent Technologies Inc. to Combine With Spac AMCIAdvent Technologies Inc. to Combine With AMCI Acquisition Corp., Creating a Leading Next Generation Fuel Cell Technology Company dvent has a proven business model – Advent has a proven, scalable business model that delivers consistent and recurring revenue, with an approximately $100m revenue opportunity per 1GW of customer demand. Support from Advent shareholders – Advent’s existing shareholders will be rolling 100% of their equity into the combined company (subject to Advent stockholder approval of the transaction) exhibiting their confidence in the growth prospects of Advent. The business combination values Advent at a $358 million pro forma post-money enterprise value at a share price of $10.00, assuming no redemptions by AMCI shareholders and no purchase price adjustments. The boards of directors of both Advent and AMCI have unanimously approved the proposed transaction, which is expected to be completed in the fourth quarter of 2020 or early 2021 AMCI will also amend its warrants at the closing of the business combination to cash-out all of its outstanding warrants for a payment of $1.50 per warrant finance.yahoo.com
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by AlenCiken
Romeo Power Technology to List on NYSE Through Merger With RMGRomeo Power Technology, Leading Provider of Battery Technology to the Commercial EV Market, to List on NYSE Through Merger With RMG Acquisition Corp. Romeo Power raises $384 million through the business combination, including a $150 million fully committed PIPE anchored by institutional investors as well as strategic investors The Heritage Group and Republic Services Pro forma equity value of the combined company is approximately $1.33 billion Transaction is expected to close in the fourth quarter of 2020 Upon closing of the transaction, the combined company will be named Romeo Power, Inc. and is expected to remain listed on the NYSE and trade under the new ticker symbol "RMO". The company has varying forms of agreements with customers, enhancing visibility into the company’s future growth, including over $300 million of currently contracted revenue. finance.yahoo.com
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by AlenCiken
Opendoor to Become Publicly-traded via Merger with IPOBOpendoor, a Leading Digital Platform for Residential Real Estate, Announces Plans to Become Publicly-traded via Merger with Social Capital Hedosophia The transaction values Opendoor at an enterprise value of $4.8 billion, and is expected to provide up to $1.0 billion in cash proceeds, including a fully committed PIPE of $600 million and up to $414 million of cash held in the trust account of Social Capital Hedosophia Holdings Corp. II ("SCH") Insiders are making a significant commitment of $200 million of the $600 million PIPE. This $200 million commitment includes $100 million from Chamath Palihapitiya, Founder and CEO of SCH, $58 million from Hedosophia, with the remainder invested by existing Opendoor shareholders, Access Industries and Lennar, along with Opendoor management Top-tier institutional investors anchoring the remaining $400 million of PIPE investments include funds and accounts managed by BlackRock and Healthcare of Ontario Pension Plan (HOOPP) Opendoor expects to have up to $1.5 billion in cash on its balance sheet to fund operations and support new and existing growth initiatives. finance.yahoo.com
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by AlenCiken
Stock to watch: Emera Inc (EMA)TSX:EMA An interesting stock for a swing trade: Buy/Sell Zones puts the price in the green zone + we may see a compression towards 0 Fibonacci. Analyst expectations for this assets are quite low yet historically this led to an increase in price. Short-term Long targets are 0 Fib: 57.17 and previous high: 60.94. Long-term target is 1 Fibonacci. Invalidation: going below 52.66 - 52.00 (previous low) and anchoring there. Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
TSX:EMALong
by randomname11
Interesting asset to watch: Baltic Dry Index (BDI)INDEX:BDI Baltic Exchange Dry index is showing some signs of bullish reversal. Despite the fact that Buy/Sell Zones on a weekly chart is in the red zone, historically this setup led to a increase in price. First Long trade target may be 1600 and up to 0, 0,5 and 1 Fib. I may assume, that some selling pressure may be met near 0 Fib, so be sure to place your Stop-loss in the safe zone, if anticipated uptrend is legit. Invalidation may be crushing the 900 zone. Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
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by randomname11
HCAC Announces Effectiveness of Registration StatementHennessy Capital Acquisition Corp. IV Announces Effectiveness of Registration Statement and Record and Meeting Dates for Special Meeting of Stockholders to Approve Proposed Business Combination with Canoo Holdings Ltd. - Special meeting of stockholders to approve proposed business combination with Canoo Holdings Ltd. to be held on December 21, 2020 - - Record date for the special meeting will be October 27, 2020 - - Upon closing, combined company stock and warrants will trade under “GOEV” and “GOEVW” ticker symbols – - Canoo will reveal its Multi-Purpose Delivery Vehicle on December 17, 2020 - - Since announcing the transaction, Canoo has seen substantial growth in consumer demand and significant interest from potential partners in its proprietary market leading EV platform and underlying technologies. - HCAC’s stockholders of record at the close of business on the Record Date are entitled to receive notice of the Special Meeting and to vote the shares of common stock of HCAC owned by them at the Special Meeting. finance.yahoo.com
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by AlenCiken
EV developer Canoo to go public via reverse merger with HCAC- Transaction to provide approximately $600 million of gross proceeds that will support the production and launch of electric vehicles (EV) featuring Canoo's advanced skateboard technology - Transaction is supported by a fully committed common stock PIPE of over $300 million, including investments from funds and accounts managed by BlackRock, among other institutional investors - As a result of outsized demand, the PIPE offering was meaningfully oversubscribed and upsized - Pro forma equity value of the merger is approximately $2.4 billion The boards of directors of both Canoo and HCAC have unanimously approved the proposed business combination, which is expected to be completed in the fourth quarter of 2020, subject to, among other things, the approval by HCAC stockholders and the satisfaction or waiver of other customary closing conditions. finance.yahoo.com
HLong
by AlenCiken
The Lion Electric Company to go public via NGA spac companyThe Lion Electric Company and Northern Genesis Acquisition Corp. Announce Merger and Commitments for $200 Million in a PIPE; Combined Company Expected to be Listed on NYSE - The Lion Electric Company ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles - Pro forma implied market capitalization of the combined company of $1.9 billion, at the $10.00 per share PIPE subscription price and assuming no public shareholders of Northern Genesis exercise their redemption rights. - Transaction includes a $200 million fully committed private placement of common shares in Lion (PIPE). - The company is expected to receive approximately $500 million of net cash proceeds in connection with the transaction, comprised of $200 million from a PIPE and approximately $320 million of cash held in trust by Northern Genesis assuming no public shareholders of Northern Genesis exercise their redemption rights at closing. - Completion of the proposed transaction is expected to occur in the first quarter of 2021. finance.yahoo.com stock
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by AlenCiken
BABA - China/US tension heavy on the stockSince the first news that the US is going to ban Chinese companies to list on the US stock market, $BABA was one of the first to took the hit. This can be seen in the volume spikes when investors started to close their positions. The two uncovered gaps to the South are also making an impression. Volatility has calmed down since then as seen in the lower volume levels, but we are not witnessing any fresh buying or selling. Price is currently in a range after getting out of the long-term uptrend.
NYSE:BABAShort
by DailyChartist
TransGlobe Energy Corporation Announces an AgreementTransGlobe Energy Corporation Announces an Agreement to Merge, Extend and Modernize Its Eastern Desert Concessions Micro-cap TransGlobe Energy (TGA +45.1%) has reached an agreement with Egyptian General Petroleum to merge TransGlobe’s three existing Eastern Desert concessions into a new modernized concession agreement. The merged concession will have a new 15-year development term and a 5-year extension option. Improved netbacks and increased cash flows are expected to fund new investments in incremental recovery projects. TGA will pay an initial equalization payment of $15M and signature bonus of $1M on ratification, with five further annual equalization payments of $10M each being made over five years (beginning Feb. 1, 2022 until Feb. 1, 2026). finance.yahoo.com
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by AlenCiken
Rush Street Interactive to go public via DMYT spac companyRush Street Interactive and dMY Technology Group to Combine to Create a Growing Publicly Traded Online Gaming Company Combined company anticipated to have initial enterprise value of approximately $1.78 billion, plus an estimated over $235 million in net cash to fund growth strategy Transactions include a $160 million committed PIPE at $10.00 per share led by Fidelity Management and Research Company RSI projects approximately $320 million in revenue for 2021 fiscal year The transaction is expected to close in 2020 . Upon closing, dMY intends to change its name to Rush Street Interactive, Inc. and its NYSE trading symbol to "RSI." finance.yahoo.com
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by AlenCiken
Hims & Hers to Become Publicly-Traded via Merger with OAKHims & Hers, a Multi-Specialty Telehealth Platform, to Become Publicly-Traded via Merger with Oaktree Acquisition Corp. Combined company to have an implied initial enterprise value of approximately $1.6 billion, with the company expected to have an estimated $330 million in cash after closing Top-tier investors, including Franklin Templeton and clients of Oaktree, anchoring a $75 million PIPE Leading existing institutional backers of Hims & Hers, including Founders Fund, Forerunner Ventures, IVP, Redpoint Ventures, Thrive Capital, McKesson Ventures, and the Canadian Pension Plan Investment Board intend to roll 100% of their equity The enterprise value equals 8.9x estimated 2021 revenue and 12.2x estimated 2021 gross profit, an attractive valuation relative to telehealth peers despite the Company’s leading growth and margin profile. The transaction is expected to close in the fourth quarter of 2020. finance.yahoo.com
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by AlenCiken
Stock to watch: LCNB Corp (LCNB)NASDAQ:LCNB May be an interesting stock: a short-term trade may evolve into long-term. The Buy/Sell Zones indicator currently puts the asset in the green zone. Short-term targets are 0 Fib and 0,236 Fib. Long-term: may be held until approaching to an all-time high in the horizon of 6 months. Invalidation: breaking below October's low. Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
NASDAQ:LCNBLong
by randomname11
Stock to watch: Elbit Systems (ESLT)NASDAQ:ESLT An interesting stock to watch: shows a pullback but is still in the green zone (as for Buy/Sell Zones indicator ). Plus a significant level around 109,8-110 (the low that caused high) had kept the price drawdowns for 3 times already. If the price holds above I'm anticipating a new wave of an uptrend. Buy zone may be extended to 111. Short-term targets: 1 Fib and previous high (167,75). Long-term targets: up to 2 Fib. Invalidation: breaking 0 Fib and staying there would mean a deeper correction cycle is in progress. Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
NASDAQ:ESLTLong
by randomname11
Stock to watch: Air Liquide (EURONEXT:AI)EURONEXT:AI An interesting asset to trade. After entering the green zone (according to Buy/Sell Zones indicator ) it showed a small pullback which gives a possible good long entry point. I'm looking forward to picking it up in the zone from current close up to 120. Short-term Long targets are 0,5 Fib (previous high) and 1 Fib. Long-term target is 2 Fib. Invalidation: the price nukes under the previous low and stays there (prints a lower low) Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
EURONEXT:AILong
by randomname11
Danimer Scientific to go public via loak spac companyDanimer Scientific has entered into a definitive merger agreement with Live Oak Acquisition Corp. (NYSE: LOAK) Pioneer in creating fully biodegradable and compostable bioplastics providing a cleaner, healthier, and environmentally responsible alternative to fossil fuel-based plastics High-growth industry leader with blue chip customer contracts (PepsiCo, Nestlé, Genpak, WinCup, Columbia Packaging Group and Plastic Suppliers Inc.) demonstrating large-scale demand for PHA-based biodegradable plastics Institutional investors commit to invest $210 million at closing; including certain funds managed by affiliates of Apollo, Federated Hermes Kaufmann Small Cap Fund, and over $50 million from Live Oak affiliates $890 million of equity, $385 million of cash and only $20 million of pro forma debt provide ample flexibility to support abundant long-term growth opportunities Fully financed at closing of the merger to expand production capacity from 20 million pounds annually today to approximately 200 million pounds in 2025 Intense demand from existing blue chip multinational customers supports management revenue forecast of over $500 million annually in 2025, with significantly increased profit margins by scaling existing production facilities The transaction implies an equity valuation for Danimer of approximately $890 million at closing . It is anticipated that the combined company will have approximately $385 million of unrestricted cash on the balance sheet to fully fund future, planned growth, including the expansion of its current facility and the build out of its contemplated greenfield facility. finance.yahoo.com stock
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by AlenCiken