On December 22, in the US stock market, six companies completed their merger plans with SPACs, and five companies announced their merger plans with SPACs.
The six companies that have completed their merger with SPAC are as follows:
AirShip AI Holdings and SPAC:Byte Acquisition have been merged.
On December 22, Airship AI Holdings, a leader in sensor and data management monitoring solutions, officially completed its merger with SPAC:Byte Acquisition and officially traded on NASDAQ at a valuation of $300 million. Founded in 2006, the company is a powerful AI-powered edge, sensor, and data management platform for organizations and enterprises, collecting unstructured data from surveillance cameras and sensors, applying artificial intelligence (AI) analytics, and providing visualization tools to improve decision-making in mission-critical environments.
Global Hydrogen Energy and SPAC: Dune Acquisition Corporation completed merger.
On December 22, Global Hydrogen Energy, a hydrogen development and carbon-** project company, completed its merger with SPAC: Dune Acquisition Corporation and officially traded on Nasdaq at a valuation of 1$1.2 billion, **hgasThe company is a global hydrogen company that primarily targets renewable waste as a feedstock for the production of industrial gases it sells, and seeks partnerships with wastewater treatment plants, food waste treatment facilities, farms, landfills, and producers and distributors of renewable natural gas.
Leddartech completes merger with SPAC: Prospector Capital.
On December 22, Leddartech, an automotive software company, completed its merger with SPAC: Dune Acquisition Corporation and officially traded on the NASDAQ at a valuation of 3$3.6 billion, **LDTC. Founded in 2007, LeddarTech is a full-service end-to-end environmental sensing solutions company, LeddarTech's primary business is cost-effective solid-state LiDAR sensors, providing a general-purpose and scalable autonomous driving and mobile LiDAR platform based on LeddarEngine. The platform consists of a series of automotive-grade functional safety-certified system-on-chips (SoCs) that are developed by the company to work together with proprietary LEDDARSP signal processing software. The company also provides solid-state LiDAR module solutions for the mobility market for autonomous buses, trucks, buses, cargo vehicles, and robotaxis.
Mobix Labs and SPAC:CH**ant Capital Acquisition complete merger.
On December 22, fabless semiconductor company Mobix Labs completed its merger with SPAC: Ch**ant Capital Acquisition and officially traded on Nasdaq at a valuation of 2$7.6 billion, **mobx. The company is a fabless semiconductor company focused on developing disruptive wireless and connectivity solutions for next-generation communications systems, including C-band and mmWave 5G and high-bandwidth cable applications. Mobix Labs simplifies the development and maximizes the performance of wireless products by designing and developing high-performance semiconductor components and solutions for signal processing applications in wireless products for a wide range of applications such as 5G infrastructure, satellite communications, automotive, consumer electronics, e-transportation, healthcare, infrastructure, and defense. Its intellectual property portfolio is protected by extensive trade secrets and more than 90 issued and pending patents.
Nukkleus and SPAC: Brilliant Acquisition Corporation complete merger.
On December 22, crypto payments company Nukkleus and SPAC: Brilliant Acquisition Corporation officially completed their merger, which was valued at 1$400 million, **NUKK, the combined company will officially trade on the Nasdaq when the U.S. stock market opens the next day. In addition, SPAC: Brilliant Acquisition is a Chinese de facto controlled special purpose acquisition company headquartered in Shanghai. nukkleus inc.is a fintech company focused on providing software and technology solutions to the retail foreign exchange (FX) trading industry. The Company offers software and technology, customer sales and marketing, and risk management technology hardware and software solution packages. The services it provides include, but are not limited to, product trading on crypto exchanges, auctions of high-end digital art and NFTs, and exchange services for fiat currencies and cryptocurrencies.
Alternus Energy Group and SPAC: Clean Earth Acquisitions completed merger.
On December 22, renewable energy company Alternus Energy and SPAC: Clean Earth Acquisitions officially completed the merger, which is valued at 9$900 million, **ALCE, the combined company will officially trade on the Nasdaq when the U.S. stock market opens the next day. Alternus Energy is an Irish-American joint venture founded in 2016 with multiple solar PV plants located in Germany, Italy, the Netherlands and Romania. The company acquired small and medium-sized solar PV parks across Europe.
The five companies that announced their merger with SPAC are as follows:
Qikun Technology, a Taiwanese company that develops, manufactures and sells golf clubs, announced a merger with SPAC:Chenghe Acquisition I, which is expected to be around $400 million but is expected to close in the second quarter of 2024.
powermers smart industries, inc.Announced a merger with SPAC:OCA Acquisition at an estimated valuation of $2 billion, which will result in the company trading on Nasdaq under ***PSII. The company positions itself as a leader in modern engineering and fleet management solutions to transform the commercial transportation and industrial equipment industries worldwide.
blaize, inc.Announced merger with SPAC:Burtech Acquisition at a valuation of 8With $900 million, Blaize is committed to providing a full range of AI computing solutions to a variety of markets, including the growing automotive, mobile, retail, security, industrial automation, and healthcare sectors. In 2020, Blaize successfully released and built a multi-year pipeline of first-generation Blaize AI edge computing hardware products based on the groundbreaking Blaize GSP architecture and Blaize AI Studio end-to-end application lifecycle software platform.
Lionsgate Studios has announced its merger with SPAC: Screaming Eagle Acquisition at a valuation of 46$700 million. The company comes from the spin-off production division of Lionsgate, the entertainment company behind well-known movie IPs such as "The Hunger Games", "Twilight" and "John Wick". The newly merged Lionsgate Studio is responsible for the production, artist management, and sales of films and TV series. Lionsgate's parent company expects to receive $3$500 million, half of which comes from SPACs and the other half from post-IPO private equity investments (PIPEs).
Custom Health announces partnership with SPAC: Berenson Acquisition CorpiCombined, valuation not disclosed, Custom Health provides a comprehensive technology-enabled medication management and managed care solution that enables its patients to achieve 98% medication compliance.