In SPAC news this week, CompoSecure and Roman DBDR Tech Acquisition announced that they have entered into a definitive merger agreement. Meanwhile, SmartRent.com is said to be aiming to go public through a merger with Fifth Wall Acquisition Corp.

COMPOSECURE, DBDR TECH MERGER

CompoSecure and Roman DBDR Tech Acquisition Corp. (DBDR), a special purpose acquisition company, announced that they have entered into a definitive merger agreement. Upon closing of the transaction, the combined company will operate as CompoSecure and plans to trade on the Nasdaq stock market. The transaction reflects a pro forma enterprise value for the company of approximately $1.2B. CompoSecure is a provider of cryptocurrency and digital asset storage and security solutions.

SMARTRENT.COM TO GO PUBLIC VIA SPAC MERGER

SmartRent.com aims to go public through a merger with Fifth Wall Acquisition Corp (FWAA) in a deal that would value the company at about $2.2B, The Wall Street Journal's Peter Grant reported, citing people familiar with the matter. The merger is expected to close later this year after a regulatory review and shareholder vote, the author added.

MAPBOX DEAL REPORT

SVF Investment Corp. 3 (SVFC), a special purpose acquisition company backed by SoftBank (SFTBY), is in advanced talks to merge with and bring public Mapbox, a start-up that competes with Google Maps (GOOGL) and others in providing location data services, Sky News' Mark Kleinman reported on Friday, citing sources.

COVERAGE INITIATIONS

Earlier this week, Benchmark analyst Mike Hickey initiated coverage of Acies Acquisition (ACAC) with a Buy rating and $15 price target. Acies is a special purpose acquisition company that is in the process of acquiring Playstudios. The analyst believes Playstudios offers a "compelling investment opportunity" within the mobile game market. It has an "elevated performance opportunity from multiple growth drivers," including a portfolio of live service growth games, new game expansions, a "differentiated" playAWARDS loyalty program and in-game advertisement opportunity, Hickey told investors.