B. Riley's SPAC is clanning up with FaZe

The Nightcap newsletter: SPAC Track’s nightly recap of the action in the SPAC world. (October 25, 2021)

Discover and track all of the SPACs at spactrack.net.

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The Stats:

SPAC Track @SPACtrack

#SPAC Volume Leaders (10/25) $DWAC 64.3M (-11%) $BENE 48.1M $BRPM 16.5M (Deal with FaZe Clan, warrants +200%) $AGC 9M (+16.4%) $RTPY 8.5M $GGPI 5.1M $ZGYH 5M $FPAC 3.4M $CND 3.1M $GLAQ 3M

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The Deals:

1) B. Riley Principal 150 Merger Corp. (BRPM: warrants +199.7%) & FaZe Clan

• Merger Partner Description:

FaZe Clan is a digital-native lifestyle and media platform rooted in gaming and youth culture, reimagining traditional entertainment for the next generation. Founded in 2010 by a group of kids on the internet, FaZe Clan was created for and by Gen Z and Millennials, and today operates across multiple verticals with transformative content, tier-one brand partnerships, a collective of notable talent, and fashion and consumer products. Reaching over 350 million followers across social platforms globally, FaZe Clan delivers a wide variety of entertainment spanning video blogs, lifestyle and branded content, gaming highlights and live streams of highly competitive gaming tournaments. FaZe Clan's roster of more than 85 influential personalities consists of engaging content creators, esports professionals, world-class gamers and a mix of talent who go beyond the world of gaming, including NFL star Kyler "FaZe K1" Murray, Lebron "FaZe Bronny" James Jr., Lil Yachty aka "FaZe Boat" and Offset aka "FaZe Offset." Its unmatched gaming division includes ten competitive esports teams who have won over 30 world championships.

• Valuation: $713M EV

• PIPE: $118M

• Press Release

• Investor Presentation

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Merger Votes/ Completions:

• SAB Biotherapeutics (SABS: $7.30 -13.51%) closes its merger with Big Cypress Acquisition Corp. (BCYP) and started trading under the new ticker, SABS

  • SAB received appx. $30M in gross proceeds after an estimated 74% of public shares were redeemed

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Tracking De-SPAC S-1s (including PIPE resale registrations):

S-1s that went effective today:

• IonQ (IONQ: $10.28 +6.42%)

• MoneyLion (ML: $5.91 -13.60%)

• Vicarious Surgical (RBOT: $11.10 +1.28%)

• the metals company (TMC: $3.12 -6.31%)

• Nerdy (NRDY: $8.31 -7.25%)

S-1 filings:

• BlackSky Technology (BKSY: $10.36 +9.75%)

S-1/A filings:

• Lilium (LILM: $9.10 +1.11%)

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Quick News:

• PAE (PAE) agrees to to be acquired by Amentum in an all-cash deal that values PAE at ~$1.9B or $10.05 per share (70% premium above PAE’s closing price on 10/22)

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SPACs Reported As In Merger Talks:

SPAC Track @SPACtrack

Here's a thread of all the SPACs that have been reported as in merger talks since August, with no deal announcement yet. No updates reported, thus the talks may be ongoing or may have fell through at this point. You can always view the full list at: spactrack.net/rumors 1/

spactrack.netRumor TrackerThe SPAC tracking resource for the everyday investor. Find the list of all SPACs (Active and Pre-IPO) along with key details.

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New S-1s (3):

1) Jaguar Global Growth Corp I (JGGC)

• $200M, 1/2 Warrant

• Focus: Real estate

• Management:

  Gary Garrabrant (Co-founder & CEO of Jaguar Growth Partners and Co-founder & Former CEO of Equity International)

• Directors:

  Craig Hatkoff (Co-founder and Former Director of Capital Trust and Co-founder of the Tribeca Film Festival)

• Advisors:

  Daniel Hennessy (Serial SPAC sponsor and Founder & Managing Member of Hennessy Capital Group)

  Betty Liu (Former Executive Vice Chairman of the NYSE Group and Former Anchor & Editor-at-large of Bloomberg Television and Radio),

  Edward Shenderovich (Co-founder & Former Chairman of Knotel)

2) RCF Acquisition Corp. (RCF)

• $200M, 1/2 Warrant

• Focus: Minerals value chain

3) Sunfire Acquisition Corp Ltd (SUNF)

• $100M, 1 Right (1/8th of a share)

• Focus: Telecom, media, and technology (TMT) in the Middle East and/or Asia

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Upcoming Dates:

This Week’s Announced Shareholder Meetings, Unit Splits, Warrant Redemptions, and Expected Ticker Changes

See the full calendar here.

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Thanks for reading,

SPAC Track

spactrack.net

Note: Share prices only included if 5%+ moves and for all De-SPAC PIPE entries

DISCLAIMER: The information provided in this newsletter is for your convenience only and is not intended to be treated as financial, investment, tax, or other advice.