M&A

November SPAC Calendar: Upcoming Votes

Nextdoor, Bird, Aurora, and Wejo are among the companies scheduled to merge with a SPAC this month.
Lauren MuskettNovember 2, 2021

November shows a continued slowdown in special-purpose acquisition company (SPAC) merger deal votes, but the calendar includes several multibillion-dollar deals.

SPAC merger votes can act as a catalyst, as the votes complete the last step in the merger process and change the company over to a new name and ticker that can help build recognition.

Several former SPACs also saw wide swings in their share price after being de-SPAC-ed.

Here is a look at the current November SPAC merger vote dates:

Nov. 2: Motion Acquisition and Ambulnz

Last-mile telehealth company Ambulnz will be known as DocGo after the merger. The company has a network of over 1,700 paramedics and EMTs that provide services on the go with a business-to-business model.

Nov. 2: Switchback II and Bird

Micromobility company Bird was founded in 2017 and introduced the first-ever shared scooter. The company now operates in more than 200 cities and has completed more than 95 million rides from customers.

Nov. 2: Khosla Ventures Acquisition II and Nextdoor

Neighborhood social media platform Nextdoor offers a way to connect with businesses, public services, and people living nearby. The platform is used by over 275,000 neighborhoods and has over 27 million weekly active users. The company plans to offer contact sync sharing, neighborhood guides, video tools, and ask-a-neighbor services in the future.

Nov. 2: Reinvent Technology Partners and Aurora

Self-driving company Aurora counts Uber, Paccar, and Volvo as investors in the company. Aurora aims to disrupt the semi-truck industry first with autonomous driving with plans to tackle rideshare and consumer vehicles down the road.

Nov. 9: Northern Genesis Acquisition  II and Embark

Self-driving company Embark is targeting the U.S. trucking market with a software-as-a-service model, with trucks planned for 2024. The company has the leading safety track record in the United States and was the first to complete a self-driving truck trip coast-to-coast.

Neighborhood social media app Nextdoor is merging with Khosla Ventures Acquisition II in a deal valuing the company at $4.3 billion.

Nov. 12: DFP Healthcare Acquisition and The Oncology Institute

Oncology care company The Oncology Institute offers a value-based, highly scalable model that it says can disrupt a $200-billion market in the U.S. The company manages over 50 community-based practice locations in four states and serves over 1.3 million lives in covered markets.

Nov. 16: Virtuoso Acquisition and Wejo

Automotive data company Wejo counts General Motors, Palantir Technologies, and Microsoft as investors. The company provides data for customers, including automotive manufacturers.

Nov 16: Khosla Ventures Acquisition and Valo Health

Biotech company Valo Health uses data analysis and artificial intelligence to help drug discovery and development. The company’s Opal platform has a pipeline across a diverse segment of target areas.

Nov. 16: Leo Holdings III and Local Bounti

Agriculture technology company Local Bounti counts Cargill as a strategic partner and investor. The company operates in the controlled environment agriculture segment, growing cut lettuce, living lettuce, and living herbs with indoor year-round farming.

Nov. 18: Foresight Acquisition and P3 Health Partners

Patient-centered and physician-led population health management company P3 Health Partners provides services for physicians and practices.

Nov. 18: DD3 Acquisition II and Codere Online

Online sports betting company Codere operates in six international markets. The company launched in 2014 as the online division of Codere Group, a leading global gaming operator. The company is targeting additional expansion to new territories.

Nov. 23: Thimble Point Acquisition and Pear Therapeutics

Digital treatment developer Pear Therapeutics is valued at $1.6 billion in a SPAC merger. The company is using PDTs, a new class of software-based therapeutics, to target several patient care options.

This story originally appeared on Benzinga. © 2021 Benzinga.com.

Benzinga does not provide investment advice. All rights reserved.

Cindy Ord via Getty Images for Nextdoor