SPAC Highlights (Sep, 02 – Sep, 08)

EEW Renewables to Merge with Compass Digital, Valued at $386 Million

EEW Renewables
Compass Digital Acquisition Corp. (CDAQ)

Renewable energy developer EEW Renewables is set to merge with Compass Digital Acquisition Corp. in a deal valuing EEW at $386 million. The merger will enable EEW, known for its expertise in solar PV, BESS, and green hydrogen projects, to access public markets and accelerate its growth. With a robust 9 GW project pipeline, EEW is poised to capitalize on the increasing global demand for renewable energy. The transaction is expected to close in the first quarter of 2025, with the combined company listed on Nasdaq. This strategic move marks a significant step for EEW, allowing it to expand its operations and solidify its position in the renewable energy sector.

View Press Release on sec.gov

Medera Inc. to Merge with Keen Vision Acquisition, Aiming for Nasdaq Listing

Medera
Keen Vision Acquisition Corp. (KVAC)

Clinical-stage biotechnology company Medera Inc., focused on addressing difficult-to-treat cardiovascular diseases, will go public through a merger with Keen Vision Acquisition Corporation. The combined company, valued at $622.6 million, will retain the Medera name and is expected to list on Nasdaq in the fourth quarter of 2024.

Medera’s approach combines next-generation gene- and cell-based therapies with a bioengineered human-based screening platform. They are currently conducting three FDA-approved clinical trials for AAV-based gene therapy candidates targeting heart failure and Duchenne Muscular Dystrophy-induced Cardiomyopathy.

The merger will provide Medera with additional capital to accelerate its clinical programs. All existing Medera shareholders will roll 100% of their equity into the new company, demonstrating confidence in its future. The transaction is subject to shareholder approval and customary closing conditions.

View Press Release on sec.gov