M&A Update – May 18

– D to be acquired by NEE for 0.8138x shares, 32.1% premium, $119.7 billion
– RAMP to be acquired by Publicis Groupe for $38.50 cash per share, 29.8% premium, $2.2 billion
– SLNO / NBIX deal closed
– TSX closed
– BLD / QXO filed S-4, filed HSR Apr 24, closing Q3 2026
– AES / GIP / EQT / CalPERS / QIA filed DEFM14a, vote June 26, closing late 2026 or early 2027
– GORO / GGA.to filed PREM14a, closing Q3 2026
– NATL HSR expires

SPAC Update – May 18

– MAK/U.to announced a business combination with UniUni
– CAEP / AIIR deal closed
– BWIV / Maha deal terminated
– FACT filed S-4/a for Precision Aerospace & Defense Group deal
– FDMMU filed S-1 for $275 million IPO
– MACI filed PRE14a to extend deadline to Dec 20 2026, vote June 16, NAV $10.852
– PGAC filed PRE14a to extend deadline to June 6 2027
– QSEA filed PRE14a to extend deadline to June 19 2027
– IPFXU split
– FMACU split

M&A Update – May 15

– MPX / MCFT deal closed
– EHAB / Kinderhook Industries deal closed
– CSGS / NEC Corporation deal closed
– SES.to / GFL.to announced ISS and Glass Lewis recommend vote For
– SSTK / GETY cleared UK CMA
– SLNO tender expires

SPAC Update – May 15

– QSEA announced a business combination with Eight Directions
– DYNC collected $50 million break fee Apr 10
– GUACU $274 million IPO
– PTACU $160 million IPO
– IDACU $150 million IPO
– ETSS/U $150 million IPO
– JONEU filed S-1 for $200 million IPO
– YICCU filed S-1 for $200 million IPO
– IRHO filed S-4 for Electra Vehicles deal
– MLAC filed DEFM14a for Avalanche Treasury deal, vote June 4, NAV $10.62
– MYXXU split
– BSAA redemption

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