SPACInsider

This week, in a special edition of the SPACInsider Podcast, we speak with David Cote, Executive Chairman of Vertiv, and Tom Knott, who was previously Head of Permanent Capital at Goldman Sachs, who joined forces in 2019 on GS Acquisition Holdings Corp.

GS I combined with Vertiv (NYSE:VRT) in what has become the most successful SPAC deal of all time.

We discuss what were the critical ingredients to the transaction's success and what is needed to achieve solid returns in SPAC deals under the current conditions.

However, it wasn’t all roses from the start, with the deal closing right as the pandemic shocks were beginning to hit the system. But, the two explain how their team weathered the storm with both preparation and a plan for the company’s post-transaction future.

Give it a listen.

Providing dedicated power to industrial facilities is a task that has drawn in a variety of different energy technologies and, increasingly, a variety of SPAC transactions.

This week I speak with Jereme Kent, founder and CEO of One Energy.One Energy provides dedicated clean power generation to industrial clients allowing them to lock in cheaper energy, sell power back to the grid or turn their operations into net zero facilities.

Jereme explains One Energy’s 20-year vision for how this work will stackand why the time was right for it to inka $384 million combinationwithTortoiseEcofin Acquisition Corp. III(NYSE:TRTL).He also gets into how this deal is structured to provide some unique benefits to public shareholders.

SPACs have brought a number of sustainability companies to market, but the economics of carbon credits have always been on the edge of those specific opportunities.

Focus Impact Acquisition Corp.(NASDAQ:FIAC) aims to change that with its $213 million combination withDevvStream, a Canadian company focused on generating carbon credits with proprietary technology-based approaches.

This week, we speak with Sunny Trinh, co-founder and CEO of DevvStream and Carl Stanton, CEO of Focus Impact.

Sunny explains how DevvStream has worked to build confidence in carbon assets by consulting its wide pipeline of clients on getting better and more measurable impacts out of projects.

And Carl tells us why he believes DevvStream’s operational efficiencies and capital-light model make it a unique play on the carbon market and a more stable fit for the current market conditions.

SPAC deals have provided a variety of ways to try and ride the growth in the private aviation space.One of the most successful so far has been to approach it not through the aircraft or sales of flights, but as an infrastructure play.

This week, we speak with Francisco Gonzalez, CFO of private hangar operator Sky Harbour (NYSE:SKYH).

Francisco explains why he believes Sky Harbour has traded consistently up from its valuation in its $777 million combination withYellowstonetwo years ago.

Why are hangars such a high-demand and profitable part of the aviation space? And how has Sky Harbour gained investor confidence in its plans yet to come while much of the industry faces skepticism?

Spot lithium prices may be down, but Stardust Power believes that makes now an even more important time to build new US-based lithium refineries.

This week, we speak with Roshan Pujari, Co-founder and CEO of Stardust Power and Chandra Patel, CEO and Chairman ofGlobal Partner Acquisition Corp. II(NASDAQ:GPAC).

The two announced a$490 million business combination in November of 2023.

Roshan explains how its plans to build its lithium refinery in Oklahoma are progressingand why he believes the company’s methods should command a premium for its resources.

Chandra meanwhile tells us how his team is working through a dealmaking playbook involving both SPAC IPOs and those that they can take over post-IPO like Global Partner II.

Developing new medical treatments takes time and money, which is generally where investors come in. But,Abprohas managed to resolve many of those questions before SPAC investors will join the show.

This week, we speak withAbproChairman and CEO Ian Chan and Shahraab Ahmad, Chairman and CEO ofAtlantic Coastal Acquisition Corp II(Nasdaq: ACAB). The two announced a$500 million combinationin January.

Shahraab explains how Abpro came onto Atlantic Coastal II’s radar after the SPAC had originally been fishing in the mobility space,and why the particularities of its capital needs could be a fit for the current market conditions.

Ian also walks through Abpro’s clinical path moving forward and how it can use a mix of its internal discovery engines and M&A to expand its portfolio.

Ian also walks through Abpro’s clinical path moving forward and how it can use a mix of its internal discovery engines and M&A to expand its portfolio.

Not all SPAC officers get involved in order to ride the process all the way to a seat as CEO of the combined company,but Jaymes Winters walks us through his journey of how he started Nubia Brand International Corp as a newcomer to the asset class and why he is now leading its target company, Solidion (Nasdaq: STI).

This week we’ll speak with Jaymes about the changing set of options SPACs have at their disposal to raise funding and find a deal the market can appreciate in the current climate.

And, how Solidion has the potential to bring greener, US-based materials to the EV battery space after its SPAC-led spinoff from the Global Graphene Group.

Should de-SPAC’d companies consider buying back their shares rather than making offers for their warrants?Abacus Life (NASDAQ:ABL) believes the answer is yes.

This week, we catch up with with Abacus Life Chairman and CEO Jay Jackson. He tells us why he thinks his company’s stock has managed to perform well in the six months since closing its SPAC combination and why he has taken the unorthodox decision to buy back shares rather than deal immediately with Abacus Life’s warrant overhang.

We also discuss the future of the company’s business of acquiring life insurance policies and how it is now engaging directly with policy holders and the insurance issuers as clients.

With many years at work investing in such policies, what has the data told Abacus Life about longevity and long-term health itself?

In this special edition of the SPACInsider podcast on the SEC’s new SPAC rules, Kristi Marvin, from SPACInsider, spoke with a panel of SPAC legal experts to help unpack the hefty 581 pages included in the release.

This originally aired as a live webinar, which may be viewed on SPACInsider's websiteHERE.

Joining Kristi isDerek Dostal, a partner at Davis Polk & Wardwell LLP, Doug Ellenoff, partner at Ellenoff Grossman & Schole LLP, and Christian Nagler, partner at Kirkland & Ellis LLP.

The panel discusses which new measures are likely and unlikely to provoke changes in approach by SPACs moving forward. What questions still remain, and how will this affect the state of the SPAC market in 2024?

AI was one of the big themes for SPACs in 2023. Now in 2024, investor appetite and the market opportunity around AI is just as strong.

This week, we speak with Michael Zacharski, CEO of BEN and Chris Gaertner, Co-CEO and CFO of DHC Acquisition Corp. (Nasdaq: DHCA). The two announced a $358 million combination in September.

Michael explains how BEN has built an AI customer engagement tool focused on the auto sales and health care spaces and why those sectors were particularly ripe for disruption.

Chris describes DHC’s process in pulling together a PIPE with strategic investment in a difficult market and how the SPAC is further supporting the transaction through to close.

Both also touch on why they welcome increased scrutiny towards how companies going public describe their AI technologies, or lack thereof.