Spotlight Growth
No Result
View All Result
Wednesday, February 8, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Technology

Benson Hill Prepares to go Public in $1.35 Billion Merger with Star Peak II (NYSE: STPC) SPAC

by admin
May 10, 2021
in Technology
0
Benson Hill Star Peak II Merger

Benson Hill Star Peak II Merger

Benson Hill Inc. is preparing to go public by merging with a special-purpose acquisition business in a deal that values the plant-growing tech company at $1.35 billion, the companies stated.

The operator of a stage which uses machine learning, simulations, and genetics to maximize plant growth, Benson Hill is mixing with the SPAC, Star Peak Corp II (NYSE: STPC). Benson Hill states it can create breeds of plants such as soybeans and yellow legumes which grow faster, have greater protein content, or flavor better, saving farmers resources and time.

Such ingredients are crucial for plant-based meat options, and the company is also developing products for animal feed. Quicker, more sustainable plant-growing methods are required to feed the world’s growing population and hasten the battle against climate change, analysts say.

The St. Louis-based firm expects to start commercial production of its ultra-high-protein soybean by next season and is growing a yellow-pea protein concentrate. Additionally, it has a unit that sells fresh produce to grocery stores and food vendors. The approximately $625 million in anticipated cash profits in the deal will quicken Benson Hill’s bid to reduce plant-based food expenses, Chief Executive Matt Crisp stated in an interview.

Launched in 2012, Benson Hill anticipates last year’s earnings of approximately $100 million to spike as it supplies more goods to food businesses, restaurants, and grocery shops. Money and funds held by the SPAC are anticipated to yield approximately $625 million in cash profits.

Benson Hill Latest Sustainable Startup Targeted By SPACs

Benson Hill unites the group of early-stage businesses tied to food sustainability. Benson Hill joins vertical-farming business AeroFarms, which is raising money and going public through SPACs.

Star Peak II is the 2nd blank-check firm endorsed by Morgan — a former executive in energy infrastructure company Kinder Morgan Inc., and investors from the hedge fund Magnetar Capital. The group’s first Star Peak SPAC just recently took clean-energy storage company Stem Inc. public.

Magnetar is one of the largest SPAC shareholders with almost $2.9 billion in blank-check business holdings as of the end of 2020, according to a set of regulatory filings by statistics supplier SPAC Research.

SPACs such as Star Peak II are shell companies that are listed on the public market for acquiring a private company and taking it public. They’re also known as blank-check businesses. Merging using a SPAC is now a frequent method for startups to raise huge sums and accessibility shareholders that are enthusiastic about topics like sustainability. One rationale is that SPAC mergers allow startups to make rosy projections about their organization, which are not permitted in a typical first public offering.

SPAC executives assert they are accelerating expansion for technology-driven companies that may eventually change the entire world. Skeptics assert that some low-revenue companies going public through blank-check businesses are not prepared and may hit individual investors with losses when their tech fails. Concerns about tighter regulation and lofty valuations have recently dragged down shares of SPACs and businesses they’ve taken public.

So far this calendar year, SPACs have increased over $100 billion, based on SPAC Research, doubling past 2020’s record total of over $80 billion.

Tags: acquisitionBenson Hillblank check companiescommoditiescommon stockemerging growthfoodfood techinvestinginvestmentM&AMergermicrocap stocksnewspublic companysalesservicessmall cap companiessmall cap stockssmall capsSPACSPAC ResearchSPACs stocksSpotlight GrowthSpotlight Growth StocksStar Peak IIstock marketstockssustainability startuptechTechnologytechnology stockstrading
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Innovative Eyewear NASDAQ LUCY Lucyd Lyte 2 Smart Glasses Spotlight Growth

Innovative Eyewear (NASDAQ: LUCY) Debuts Lucyd Lyte 2.0 Audio Eyewear Product

February 7, 2023
American Resources Corporation NASDAQ AREC Reduced Debt By 9 Million Spotlight Growth

American Resources Corporation (NASDAQ: AREC) Reduces Debt by Over $9 Million

February 7, 2023
Its All Greek to Me What Are Option Greeks Spotlight Growth

It’s All Greek to Me: What Are Option Greeks and How Do They Impact Traders?

February 6, 2023
Unleashing the Power of 5G The Future of Mobile Technology Spotlight Growth

Unleashing the Power of 5G: The Future of Mobile Technology

February 6, 2023

Recent News

Innovative Eyewear NASDAQ LUCY Lucyd Lyte 2 Smart Glasses Spotlight Growth

Innovative Eyewear (NASDAQ: LUCY) Debuts Lucyd Lyte 2.0 Audio Eyewear Product

February 7, 2023
American Resources Corporation NASDAQ AREC Reduced Debt By 9 Million Spotlight Growth

American Resources Corporation (NASDAQ: AREC) Reduces Debt by Over $9 Million

February 7, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested