M&A Update – Aug 21

– ROOT.to to be acquired by Marquee Brands for $4.10 cash per share, 36.2% premium, $258.1 million
– AGA.to to be acquired by BNKR.to for 0.1724x shares, 38.4% premium, $225 million
– RMAX / REAX filed delisting notice, closing Aug 25
– FBRX / ARGX filed delisting notice, closing Aug 27
– LEG shareholders approved SGI merger
– TBPH / ZYME filed DEFM14a, vote Sept 18, closing H2 2026
– TECH / MRK filed DEFM14a, vote Sept 23, pulled and refiled HSR Aug 19, closing late 2026 or early 2027

SPAC Update – Aug 21

– CEPO / BSTR deal terminated
– RFAI stockholders approved Nanyang Biologics deal, 4.0 million shares redeemed, 42k shares remain
– SPKL filed PRE14a to extend deadline to Mar 29 2027, vote Sept 25
– CLMZU filed S-1 for $105 million IPO
– OSPRU split
– BBCQ redemption

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