The Daily Dish (7/16/21)
ServiceMax has agreed into a definitive SPAC merger with Pathfinder Acquisition Corporation and is expected to be listed on Nasdaq under the new ticker “SMAX”. The company’s asset centric field service management software helps companies that sell and support mission critical equipment to keep the world running.
Since its inception in 2007, the company has been modernising field service by bringing cloud based applications to service operators and by bringing mobile applications in the hands of field technicians.
The company’s solutions improve customer product management, help support growth at scale and run more profitable, outcome centric businesses.
The company states that the merger will help with fuel future growth opportunities in the $9 Billion market. Part of the transaction also involves the company’s acquisition of LiquidFrameworks, a leading software company in field operations management.
The partnership will broaden the company’s exposure to oil and gas sector while also bringing critical technologies and sales channels to expand the portfolio.
I2PO, which is described as the first European SPAC dedicated to entertainment and leisure has successfully raised over $325 Million through a private placement, which exceeded the initial target of $295 million set by the company.
The company is aiming to find ideal investments across various entertainment sectors but is looking specifically for a target in the music industry.
Founded by Iris Knobloch, Matthieu Pigasse’s company Combat Holding, and Artemis, the billionaire Pinault family’s holding company, I2PO is a public limited company with headquarters in France. The company is planning its debut on the Euronext Paris Stock Exchange on July 20th.
Former Detour Corp Executives have formed a $250 million SPAC to focus on a once in a lifetime opportunity which is expected to arise from energy transition.
The company cites that government regulations on GHG emissions will result in the ban of Internal Combustion Engine vehicles and the rise of electrification of transportation and its surrounding ecosystem.
The company expects that this will be a once in a century transition which will create value across several core areas including the mining and metals sectors. The company expects that the metals used in electrification will see significant growth over the next decade.